The Rise and Fall of State Banking in OECD Countries

Datos Bibliográficos

ID6244367
AutoresDaniel Verdier (0000-0001-8281-032X, European University Institute, autor de correspondencia)
Año2000
Volumen33
Número3
Páginas283-318
Fecha de publicación2000-04-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaComparative Political Studies (JOURNAL)
Identificadores de la revistaISSN: 0010-4140 • E-ISSN: 1552-3829
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1177/0010414000033003001
OpenAlexW2112826290
IdiomaEN
Citas recibidas22
Referencias citadas63

State banking is the intervention of the state in the allocation of credit. State banking became important during the course of this century in some Organization for Economic Cooperation and Development (OECD) countries but not in others and then declined in the 1980s. Why? State banking was demanded by sectors that were pressed to invest but that could not find access to long-term credit because of the marginal importance of small and local banks in countries with centralized market and state institutions. The class cleavage enabled these groups to extract state banking from central governments thanks to their pivotal role in the Right-Left rivalry. The current demise of state banking reflects the shift from class to territorial modes of interest articulation in capital markets

Business · Demise · Economics · Financial system · International economics · Macroeconomics · Market economy · Political science · Retail banking · Rivalry · State (computer science · Banking stability, regulation, efficiency · Global Financial Crisis and Policies · Global Financial Regulation and Crises