ECB paper makes case for mixed ownership of banks
Foreign state-owned banks tend to play stabilising role during domestic banking crises, authors find
Financial regulators should try to ensure banking sectors contain a mixture of privately and publicly owned lenders, a working paper published by the European Central Bank argues.
In State-owned banks and international shock transmission, Marcin Borsuk, Oskar Kowalewski and Pawel Pisany use what they describe as a unique database. This shows financial and ownership data on 11,384 commercial banks from 165 countries from 1996 to 2019.
The authors use the data to investigate the difference
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