The commitment to privatise government property is one of the main components of the restructuring plans imposed by the “troika” of IMF, ECB and European Commission on euro-area countries when they avail themselves of aid from the euro rescue packages. This paper discusses in greater detail the pros and cons of privatisations as [...]
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Posted on December 5th, 2011
Posted on July 6th, 2011
What a year! 2010 was unlike any other in financial history, and particularly in the history of privatization, in that it saw the largest share offering ever–indeed the largest security offering of any type—as well as the largest initial public offerings in world and in U.S. history. This year also set records both [...] Posted on May 29th, 2011
This paper provides the first empirical tests for financial protectionism, defined as a nationalistic change in banks’ lending behaviour, as the result of public intervention, which leads domestic banks either to lend less or at higher interest rates to foreigners. The authors use a bank-level panel data set spanning all British and foreign [...] Posted on April 27th, 2011
The federal government recently placed Fannie Mae and Freddie Mac, the government chartered, privately owned mortgage finance companies, in conservatorship. These two massive companies are profit driven, but as government-sponsored enterprises (GSEs) they also have a government-mandated mission to provide liquidity and stability to the U.S. mortgage market and to achieve certain affordable [...] Posted on November 9th, 2010
In their fourth report to the G20, the organisations find that most new investment measures taken from mid-May to mid-October by governments were aimed at facilitating and encouraging investment flows. However, some countries have recently put in place capital controls and regulations to buffer their economies from foreign exchange volatility and capital [...] 2 pages
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