State bank transformation in Brazil - choices and consequences
By: Thorsten Beck, Juan Miguel Crivelli, William Summerhill.
Contributors: Crivelli, Juan Miguel.; World Bank.
Series: Policy research working paper ;; 3619; Policy research working papers (Online) ;; 3619.
Publisher: World Bank
Published: 2005
Place of publication: [Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Banks and banking -- Government policy -- Brazil.
Description: "The authors analyze the different options-liquidation, federalization, privatization, and restructuring-that the Brazilian state government had for the transformation of state banks under the Programa de Incentivo á Redu&ccedil;&atilde;o do Setor Público Estadual na Atividade Bancária (PROES) in the late 1990s.  Specifically, they explore the factors behind the states' choices and the effects of the transformation process on bank performance and efficiency.  The authors find that states that were more dependent on federal transfers, whose banks were already under federal intervention and that established development agencies were more likely to relinquish control over their banks and transformation processes.  They also find that privatized banks had improved performance, while restructured banks did not. "--World Bank web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 6/2/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.