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We Are The 99% event

USuncutMN supports #occupyWallStreet, #occupyDC, the XL Pipeline resistance Yes, We, the People, are going to put democracy in all its forms up front and center. Open mic, diversity, nonviolent tactics .. Social media, economic democracy, repeal Citizen's United, single-payer healthcare, State Bank, Operation Feed the Homeless, anti-racism, homophobia, sexISM, war budgetting, lack of transparency, et al. Once we identify who we are and what we've lost, We can move forward.



Monday, October 24, 2011

Are Private Banks More Efficient than Public Banks? Evidence from Russia by Alexei Karas, Koen Schoors, Laurent Weill :: SSRN

Are Private Banks More Efficient than Public Banks? Evidence from Russia by Alexei Karas, Koen Schoors, Laurent Weill :: SSRN


Alexei Karas


Roosevelt Academy; Centre for Russian International Socio-Political and Economic Studies (CERISE)

Koen J. L. Schoors


Ghent University - Centre for Russian International Socio-Political and Economic Studies (CERISE); Ghent University - Department of General Economics

Laurent Weill


University of Strasbourg - LaRGE Research Center (Laboratoire de Recherche en Gestion et Economie)


April 10, 2008

BOFIT Discussion Paper No. 3/2008

Abstract:
We study whether bank efficiency is related to bank ownership in Russia. We find that foreign banks are more efficient than domestic private banks and - surprisingly - that domestic private banks are not more efficient than domestic public banks. These results are not driven by the choice of production process, the bank's environment, management's risk preferences, the bank's activity mix or size, or the econometric approach. The evidence in fact suggests that domestic public banks are more efficient than domestic private banks and that the efficiency gap between these two ownership types did not narrow after the introduction of deposit insurance in 2004. This may be due to increased switching costs or to the moral hazard effects of deposit insurance. The policy conclusion is that the efficiency of the Russian banking system may benefit more from increased levels of competition and greater access of foreign banks than from bank privatization.

Number of Pages in PDF File: 48

Keywords: bank efficiency, state ownership, foreign ownership, Russia

JEL Classifications: G21, P30, P34, P52

Working Paper Series

Date posted: April 17, 2008

Suggested Citation

Karas, Alexei, Schoors, Koen J. L. and Weill, Laurent, Are Private Banks More Efficient than Public Banks? Evidence from Russia (April 10, 2008). BOFIT Discussion Paper No. 3/2008. Available at SSRN: http://ssrn.com/abstract=1121709

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