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首页> 外文期刊>Cambridge journal of economics >Financial liberalisation, institutional transformation and credit allocation in developing countries: the World Bank and the internationalisation of banking
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Financial liberalisation, institutional transformation and credit allocation in developing countries: the World Bank and the internationalisation of banking

机译：发展中国家的金融自由化，体制改革和信贷分配：世界银行和银行国际化

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The paper documents and analyses the World Bank's promotion of foreign ownership of banking in developing countries. In the wake of two decades of financial crises following exercises of orthodox financial reform, the World Bank has not only continued to push privatisation, but now sees foreign banks as the missing component that will deal with the downside risks of financial liberalisation. Concerns that foreign banks might reduce small and medium enterprise (SME) loan access because of information problems are largely dismissed by the Bank. In fact the World Bank argues for the very opposite, the existence of foreign banks is likely to have the effect of pushing local banks into SME markets where they have a greater comparative advantage. The question of access to credit for the private sector, particularly the locally owned small and medium size enterprises, is central to the issue of employment generation and poverty reduction in developing countries where the bulk of new jobs are typically created by these companies. This article traces the development of the World Bank's agenda on foreign ownership. It critically assesses the arguments and empirical work underlying the World Bank analysis and draws on alternative empirical testing and case studies to raise serious questions about the downside risks associated with the internationalisation of banking.
机译：该文件记录并分析了世界银行在发展中国家对外资银行所有权的促进。在进行了正统的金融改革后的二十年金融危机之后，世界银行不仅继续推动私有化，而且现在将外资银​​行视为将要应对金融自由化下行风险的缺失部分。对于外国银行可能由于信息问题而减少中小企业贷款的担忧在很大程度上被世行消除了。实际上，世界银行的说法恰恰相反，外国银行的存在很可能会导致将本地银行推向具有比较优势的中小企业市场。私营部门，尤其是当地拥有的中小型企业获得信贷的问题，对于发展中国家的就业创造和减贫问题至关重要，因为发展中国家通常由这些公司创造大量的新工作。本文追溯了世界银行关于外国所有权的议程的发展情况。它批判性地评估了世界银行分析所依据的论点和经验工作，并利用替代性的经验检验和案例研究提出了与银行国际化相关的下行风险的严重问题。

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