Banking system control, capital allocation, and economy performance / Randall Morck, M. Deniz Yavuz, Bernard Yeung.
| Author/creator | Morck, Randall |
| Other author | Yavuz, M. Deniz. |
| Other author | Yeung, Bernard, 1953- |
| Other author | National Bureau of Economic Research. |
| Format | Electronic |
| Publication Info | Cambridge, MA : National Bureau of Economic Research, |
| Supplemental Content | Full text available from NBER Working Papers |
| Series | NBER working paper series ; working paper 15575 Working paper series (National Bureau of Economic Research : Online) ; working paper no. 15575. UNAUTHORIZED |
| Summary | "We observe less efficient capital allocation in countries whose banking systems are more thoroughly controlled by tycoons or families. The magnitude of this effect is similar to that of state control over banking. Unlike state control, tycoon or family control also correlates with slower economic and productivity growth, greater financial instability, and worse income inequality. These findings are consistent with theories that elite-capture of a country's financial system can embed "crony capitalism""--National Bureau of Economic Research web site. |
| General note | Title from PDF file as viewed on 12/28/2009. |
| Bibliography note | Includes bibliographical references. |
| Access restriction | Available only to authorized users. |
| Other forms | Also available in print. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| LCCN | 2009655826 |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |