| Record ID | marc_loc_updates/v38.i01.records.utf8:9502856:1709 |
| Source | Library of Congress |
| Download Link | /show-records/marc_loc_updates/v38.i01.records.utf8:9502856:1709?format=raw |
LEADER: 01709nam a22003017a 4500
001 2009655826
003 DLC
005 20091229144922.0
007 cr |||||||||||
008 091228s2009 mau sb 000 0 eng
010 $a 2009655826
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aMorck, Randall.
245 10 $aBanking system control, capital allocation, and economy performance$h[electronic resource] /$cRandall Morck, M. Deniz Yavuz, Bernard Yeung.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2009.
490 1 $aNBER working paper series ;$vworking paper 15575
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 12/28/2009.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"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.
700 1 $aYavuz, M. Deniz.
700 1 $aYeung, Bernard,$d1953-
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 15575.
856 40 $uhttp://www.nber.org/papers/w15575