000			01814nam a2200277 a 4500
001			rea00030758
005			20190704021142.0
008			s2004 wau e 001 0 eng d
035			_z56709
039			_a30753 _cTLC
100	1		_aLevine, Ross.
245	1	4	_aThe corporate governance of banks : _ba concise discussion of concepts and evidence / _cRoss Levine.
260			_aWashington, D. C : _bWorld Bank, _c2004.
300			_a19p ; _c27 cm.
440		0	_aPolicy research working papers ; _vno. 3404
500			_aAlso available online.
500			_a"Levine examines the corporate governance of banks. When banks efficiently mobilize and allocate funds, this lowers the cost of capital to firms, boosts capital formation, and stimulates productivity growth. So, weak governance of banks reverberates throughout the economy with negative ramifications for economic development. After reviewing the major governance concepts for corporations in general, the author discusses two special attributes of banks that make them special in practice: greater opaqueness than other industries and greater governance of banks and draws tentative policy lessons. In sum, existing work suggests that it is important to strengthen the ability and incentives of private investors to exert governance over banks rather than to rely excessively on government regulators. These conclusions, however, are particularly tentative because more research is needed on
504			_aIncludes bibliographical references and index.
506			_aOpen access.
650		0	_aCorporate governance.
650		0	_aBanks and banking _xGovernment policy.
810	2		_aWorld Bank.
949			_aBSPC _bSPC _cHG3881.5 _d.W57 no.3404 _g56709 _5N
961			_t1
999			_c25116 _d25116