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Public Financial Institutions in Developed Countries—Organization and Oversight, Lev Ratnovski, Aditya Narain

While public financial institutions (such as public development banks) are commonly associated with developing countries, in fact they are prevalent in the developed world as well. We study a sample of public financial institutions in industrialized countries and identify dominant trends in their organization and oversight. While practices in developed countries may be a useful reference point, a more nuanced approach, accounting for the disparity of institutional environment, regulatory capacity, and government accountability and effectiveness, may be required in developing countries. Further investment in the accumulation of evidence and formulation of best practices in the organization and oversight of public financial institutions seems warranted and necessary. This paper was prepared while Mr. Ratnovski was working in the Financial Supervision and Regulation Division during January-April 2006. The authors are grateful to Jonathan Fiechter, David Marston, and participants of an MCM seminar in April 2006 for their helpful comments
Table Of Contents
Contents; Introduction: Access to Finance and Public Policy; A. Access to Finance; B. Fundamental Policies; C. Public Provision of Financial Services; D. Regulatory Perspective; E. Study Scope and Method; Tables; 1. Sample of Public Financial Institutions; 2. Main Properties of the Public Financial Institutions in Developed Countries; II. Rationale of Public Financial Institutions in Developed Countries; A. Housing Finance; B. Small- and Medium-size Enterprises/Innovation Finance; C. Agriculture; D. Are These Rationales Always Valid?; E. Other Common Types of Public Financial Institutions
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (30 p.)
Specific Material Designation
Form Of Item

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