Vantagens Competitivas Institucionais de Bancos Públicos
Mots-clés :
Vantagens Comparativas, Bancos Públicos, Bancos PrivadosRésumé
Este artigo utiliza conceitos e teorias sobre instituições, falhas de mercado, e bancos para explicar como bancos públicos tendem a superar bancos privados em funções essenciais como o custo de operações, o balanceamento de ativos e passivos, a criação de reservas, a gestão de liquidez, a manutenção da confiança de depositantes e do público em geral, a gestão de problemas relacionados à assimetria de informações, aos custos de agência, ao racionamento de crédito, à drenagem de capital, e outras falhas de mercado e fenômenos importantes de economia política.
Références
ANDRIANOVA, S. ‘Public Banks and Financial Stability.’ Economic Letters, 116: 86-88
ANDRIANOVA, S., DEMETRIADES, P., e SHORTLAND, A., 2008. ‘Government ownership of banks, institutions, and financial development.’ Journal of Development Economics, 85: 218-52.
ANG, J. (2011). ‘Financial development, liberalization and technological deepening.’ European Economic Review,55: 688-701.
AGHION, B.A. (1999), ‘Development Banking,’ Journal of Development Economics, 58: 83–100.
ADMATI, A. e HELLWIG, M. (2013), The Bankers’ New Clothes: What’s Wrong with Banking and What to Do About It, Princeton, NJ: Princeton University Press.
ALLEN, F. e GALE, D. (1997), ‘Financial Markets, Intermediaries, and Intertemporal Smoothing,’
Journal of Political Economy, 105(3): 523-46
ALLEN, F. e GALE, D. (2000). Comparing Financial Systems. Cambridge, MA: MIT press.
AYADI, R., SCHMIDT, R.H. e CARBÒ VERDE, S. (2009), Investigating Diversity in the Banking Sector in Europe: the Performance and Role of Savings Banks, Brussels: Center for European Policy Studies
BALTENSPERGER, E. (1980), ‘Alternative approaches to the theory of the banking firm,’ Journal of Monetary Economics, 6: 1-37
BEBCHUK, L.A. e FRIED, J. (2006), Pay without Performance: The Unfulfilled Promise of Executive Compensation, Cambridge, MA: Harvard University Press.
BECK, T.H.L., DE JONGHE, O.G. e SCHEPENS, G. (2012) ‘Bank Competition and Stability: Cross Country Heterogeneity’ Working Paper 85, Tilburg University, Center for Economic Research.
BERGER, A.N., MOLYNEUX, P. e WILSON, J.O.S. (org., 2010), The Oxford Handbook of Banking, Oxford: Oxford University Press
BHATTACHARYA, S. e THAKOR, A. (1993), ‘Contemporary Banking Theory,’ Journal of Financial Intermediation, 3: 2-50
BIONDI, Y., CANZIANI, A. e KIRAT, T. (2007), The Firm as an Entity. Implications for Economics, Accounting, and the Law, Oxon: Routledge.
BOOT, A.W.A. (2000), ‘Relationship Banking: What Do We Know?,’ Journal of Financial Intermediation, 9: 7-25
BRESLER, A., GROSSLE, I. e TURNER, A. (2007). ‘The Role of German Savings Banks in Preventing Financial Inclusion.’ in Anderloni, L. et al (org). New Frontiers in Banking Services. Berlin: Springer, pp. 247-69
BUTZBACH, O. e METTENHEIM, K. (org). (2014) Alternative Banking and Financial Crisis, London: Pickering and Chatto.
CARNEVALI, F. (2005), Europe´s Advantage: Banks and Small Firms in Britain, France, Germany, and Italy since 1918. Oxford: Oxford University Press
CHAKRAVARTY, S.P. e WILLIAMS, J.M. (2006), ‘How Significant Is the Alleged Unfair Advantage Enjoyed by State-Owned Banks in Germany?’ Cambridge Journal of Economics, 30(2): 219-26.
DIAMOND, D. (1984), ‘Financial Intermediation and Delegated Monitoring,’ Review of Economic Studies, 51: 728-62.
DIAMOND, W. (1957). Development Banks, Baltimore, MD: Johns Hopkins University Press.
ECB (EUROPEAN CENTRAL BANK). (2010). ‘Beyond ROE – How to Measure Bank Performance. Appendix to the report on EU banking structure. Frankfurt, European Central Bank.
FAMA, E. (1980b), ‘Agency problems and the theory of the firm,’ The Journal of Political Economy, 88(2): 288-307.
GIANNOLA, A. (2009), ‘Origins and evolution of credit,’ in Giannola, A. and D’Angelo, G. (org), Financing Enterprises: Basel II and the changes induced in knowledge, competice and bank- enterprise relationship, Naples: Liguori Editore, p. 13-44
GURLEY, J. e SHAW, E. (1960), Money in a Theory of Finance, Washington, DC: Brookings Institute Press.
GRÖSSL, I., VON LÜDE, R. and FLECK, J. (2013). ‘Genesis and Persistence of Trust in Banks,’ University of Hamburg DEP (Socioeconomics) Discussion Papers, Macroeconomics and Finance Series, 7/2013
HACKETHAL, A., SCHMIDT, R.H. and TYRELL, M. (2005). ‘Banks and German Corporate Governance: on the way to a capital market-based system?’ Corporate Governance: An International Review, 13(3): 397-407
HAKENES, H. and SCHNABEL, I. (2006). ‘The Threat of Capital Drain: A Rationale for Public Banks?’ Bonn: Max Planck Institute for Research on Collective Goods, Working Paper 44.
HALDANE, A. G., and MAY, R.M. (2011), ‘Systemic risk in banking ecosystems,’ Nature, 469(20): 351-55.
HALL, P. e SOSKICE, D. (orgs). (2001). Varieties of Capitalism: The Institutional Foundations of Comparative Advantage. Oxford: Oxford University Press.
HANSMANN, H. (1996), The Ownership of Enterprise, Cambridge, MA: Harvard University Press
HARDIE, I and HOWARTH, D. (org). (2013). Market Based Banking and the International Financial Crisis. Oxford: Oxford University Press.
IANNOTTA, G., NOCERA, G. e SIRONI, A. (2007), ‘Ownership structure, risk and performance in the European banking industry,’ Journal of Banking and Finance, 31: 2127-49
JOHN, K. e QIAN, Y. (2003), ‘Incentive Features in CEO Compensation in the Banking Industry,’
Federal Reserve Bank of New York Economic Policy Review, 9(1): 109-21.
KLEIN, M. (1971), ‘A Theory of the Banking Firm,’ Journal of Money, Credit and Banking, 3: 205-18
KÖRNER, T. e SCHNABEL, I. (2011). ‘Public ownership of banks and economic growth – the role of heterogeneity.’ Economics of Transition,19 (3): 407–41.
KRAHNEN, J.P. e SCHMIDT, R.H. (orgs). (2004). The German Financial System. Oxford: Oxford University Press.
LALL, R. (2012). ‘From failure to failure: The politics of international banking egulation.’ Review of International Political Economy, 19(4): 609-38.
LA PORTA, R., LOPEZ-DE-SILANES, F. e SCHLEIFER, A. (2002), ‘Government Ownership of
Banks,’ Journal of Finance 57(1): 265-301
LEVY-YEYATI, E., MICCO, A., e PANIZZA, U. (2007). ‘A reappraisal of state owned banks.’
Economía 7: 209-59.
METTENHEIM, K. (2010). Federal Banking in Brazil. London: Pickering and Chatto.
MICCO, A. e PANIZZA, U. (2006). ‘Bank ownership and lending behavior.’ Economic Letters 93, 248-54.
POLO, A. (2007), ‘The corporate governance of banks: the state of the debate,’ MPRA Paper n. 2325.
PROWSE, S. (1997), ‘The Corporate Governance System in Banking: What Do We Know?’ Banca del Lavoro Quarterly Review (March), 11-40.
SCHCLAREK-CURUTCHET, A. (2014). ‘The Counter-Cyclical Behaviour of Public and Private Banks: An Overview of the Literature,’ em Butzbach e Mettenheim, (orgs). Alternative Banking and Financial Crisis, London: Pickering and Chatto, pp. 43-50
SCHMIDT, R.H. (2009): ‘The political debate about savings banks,’Schmalenbach Business Review, 61: 366-92
SHONFIELD, A. (1965). Modern Capitalism: The changing balance of public and private power. Oxford: Oxford University Press.
STIGLITZ, J. e WEISS, A. (1981), ‘Credit Rationing in Markets with Imperfect Information,’
American Economic Review 71: 353-76
WRAY, L.R. (2013), ‘What Do Banks Do? What Should Banks Do? A Minskian Perspective,’
Accounting, Economics and Law: A Convivium, 3(3): 277-311.
ZYSMAN, J. (1983). Governments, Markets, and Growth: Financial Systems and Politics of Industrial Change, Ithaca, NY: Cornell University Press.
