Public Banks in the Age of Financialization

A Comparative Perspective

Buch | Hardcover

288 Seiten

2017
Edward Elgar Publishing Ltd (Verlag)
978-1-78643-065-6 (ISBN)

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Are public banks a better alternative to private banks? Policy experts and public bank managers will also benefit from the in-depth case studies that provoke discussion on both the positives and negatives of public banks.

Are public banks a better alternative to private banks? Do they provide sufficient finance for development? Do they serve as stability anchors in financial markets? This is an invaluable comparison of public banks from countries at different economic development levels. The contributors highlight both the benefits of public banks and their governance failures, overcoming the sterile debate of private versus public.

Empirically analyzing three countries with significant public banks - Brazil, Germany and India – contributors support the Keynesian argument that public banks can contribute to employment by stabilizing the business cycle and by providing finance on a long-term basis. Taking cues from critical interpretative policy analysis, it is argued that neither changes in the incentive structure of management, nor institutional fora for public deliberations will prevent irresponsible behavior. Management’s perception of the mission of public banks has to change, as well as its understanding of their role in society.

Public Banks in the Age of Financialization will give insight to advanced students of finance, comparative politics and public management. Policy experts and public bank managers will also benefit from the in-depth case studies that provoke discussion on both the positives and negatives of public banks.

Contributors include: O. Butzbach, P. Chavan, S. Deos, M. Dieterle, K. Mettenheim, A. Nunes Ferreira, X. Polikhronidi, M. Rajeev, A.R. Ribeiro de Mendonça, C. Ruocco, C. Scherrer, D. Seikel, H. Semenyshyn, B.H. Sibin, E. Sotto Tibiriçá Rosa, T. Tagieva

Edited by Christoph Scherrer, Professor Emeritus of Globalization and Politics, University of Kassel and Associate Fellow, Global Labour University, Germany

Contents:

Introduction
Christoph Scherrer

Part I Justifications for Public Banks
1. Beyond the Market Failure Argument: Public Banks as Stability Anchors
Ana Rosa Ribeiro de Mendonça and Simone Deos

2. Back to the Future of Alternative Banks and Patient Capital
Kurt von Mettenheim and Olivier Butzbach

Part II Public Banks as stability anchors: Case Studies
3. Facing The 2008 Crisis: Brazilian Central Bank and Public Banking System as Minskyan ‘Big Banks’
Simone Deos and Ana Rosa Ribeiro de Mendonça

4. Federal Public Banks in Brazil: Historical Overview and Role in the Recent Crisis
Simone Deos, Camilla Ruocco and Everton Sotto Tibiriçá Rosa

5. Public Banks and Recent Anticyclical Policies: A comparison of the experiences of Brazil and Chile
Ana Rosa Ribeiro de Mendonça and Brunno Henrique Sibin

Part III Public Banks and Development
6. The Role of the Brazilian Development Bank (BNDES) in the Brazilian Development Policy
Adriana Nunes Ferreira and Everton Sotto Tibiriçá Rosa

7. Public Banks and Financial Intermediation in India: The Phases of Nationalisation, Liberalisation and Inclusion
Pallavi Chavan

8. Governance of Development Banks under Uncertainty
Tamilla Tagieva

Part IV Political Attacks on Public Banks in Europe
9. Savings banks and Landesbanken in the German Political Economy. The Long Struggle Between Private and Public Banks
Daniel Seikel

10. Marginalizing the German Savings Banks through the European Single Market
Halyna Semenyshyn

Part V Keeping public banks accountable to the public
11. Governance Makes a Difference: A Case Study of the German Landesbanken Helaba and WestLB
Xeniya Polikhronidi and Christoph Scherrer

12. Changing Structure of Non-Performing Loans: The Case of Indian Public Banks
Meenakshi Rajeev

13. The Stake-holder Governance of Microfinance
Magdalena Dieterle

14. The Challenge of Keeping Public Banks on Mission
Christoph Scherrer

Index

Erscheinungsdatum	14.02.2018
Reihe/Serie	Advances in Critical Policy Studies series
Verlagsort	Cheltenham
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
ISBN-10	1-78643-065-7 / 1786430657
ISBN-13	978-1-78643-065-6 / 9781786430656
Zustand	Neuware