Public Banks in Latin America: Myths and Realities
Time: 8:15 a.m. - 6:30 p.m.
Location: Auditorium 2, 2nd Floor, 1330 New York Avenue
Washington, United States
- Public Banks in Latin America
Author(s): Micco, Alejandro Panizza, Ugo
- State-Owned Banks: Do they Promote or Depress Financial Development and Economic Growth?
Author(s): Levy Yeyati, Eduardo Micco, Alejandro Panizza, Ugo
- State-Owned Development Finance Institutions: Background, Political Economy and Performance Assessment
Author(s): Yaron, Jacob
- A Successful Public Bank in Latin America - José Mena
- Bolivia: an economy (almost) without state owned banks - Juan Antonio Morales
- Can Public Banks Work In Colombia? - Juan Pablo Cordoba
- Comments on State-Owned Banks: Do They Promote or Depress Financial Development and Economic Growth? - Dani Rodrik
- Government Ownership of Banks and Banking Regulation - Florencio Lópes-de-Silanes
- Highly-Rated Public Banks Around The World: What Makes Them Stand Out? - Francisco Meré
- Market Friendly Roles for the Visible Hand? - Augusto de la Torre
- National Savings and Financial Services Bank. Javier Gavito Mohar
- Public Banks in Latin America - Alejandro Micco
- Should the Government be in the Banking Business? The Role of State-Owned and Development Banks - Ugo Panizza
- State- Owned Development Finance Institutions - Jacob Yaron
- The Ecuadorian experience - Mauricio Pozo
- Why are Latin American free markets disappointing? - William Easterly
The conference aimed to encourage a dynamic exchange between academics, analysts, policymakers, public bank managers, and their private sector counterparts. Experts representing a wide range of viewpoints from around the world discussed the merits and problems of public banks in Latin America. The debate on the role of public banks in development is as controversial as it is passionate. Their advocates argue that, due to important externalities, public banks are essential because they provide financial services to sectors that are socially important but not attractive to private banks that make their decisions on a profit-maximization basis. Their opponents claim that public banks on the whole have done more harm than good, not only because they have not been effective contributors to growth and development, but also because they have been manipulated by governments for political rather than social objectives.