Credit stabilization through public banks: the case of Banco Estado

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dc.contributor.authorLagos, Luis Felipe
dc.contributor.authorTapia, Matías
dc.date.accessioned2019-11-01T00:06:18Z
dc.date.available2019-11-01T00:06:18Z
dc.date.issued2014
dc.descriptionA novel element in the policy mix that responded to the 2008- 2009 financial crisis was the explicit role given to BancoEstado a publicly-owned commercial bank to alleviate the contraction in domestic credit provided by the banking sector. In order to aid its mission BancoEstado was capitalized by 500 million dollars in 2009 ensuring that it would not be bounded by its loans to capital ratio. While this in a sense is quasi fiscal policy (with the public sector channeling resources to potentially credit-constrained firms) and could thus be seen as similar to policies adopted in the U.S. at the same time credit was not provided directly by the government but through a bank that competes directly and successfully within the banking sector. While publicly owned BancoEstado operates as a (constrained) profit-maximizing institution that tries to attain certain public policy objectives (like providing access to banking in remote areas) while still being competitive and profitable.
dc.file.nameBCCh-sbc-v19-p461_499
dc.format.pdf
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 461-499
dc.identifier.isbn978-956-7421-45-9
dc.identifier.urihttps://hdl.handle.net/20.500.12580/3813
dc.language.isoeng
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking Analysis and Economic Policies no. 19
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/cl/*
dc.subjectBANCOSes_ES
dc.subjectCRÉDITOes_ES
dc.subjectCRISIS ECONÓMICA 2008es_ES
dc.subjectCRISIS FINANCIERAes_ES
dc.subjectBANCO ESTADO (CHILE)es_ES
dc.titleCredit stabilization through public banks: the case of Banco Estado
dc.type.docArtículo

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