The Future of State-Owned Financial Institutions

Title Page, Copyright

THE FUTURE OF STATE-OWNED FINANCIAL INSTITUTIONS 00-1335-5-FM 12/9/04 4:47 PM Page i            This book is based on the sixth annual financial markets and development conference held April 26–27, 2004, in Washington, D.C. The conference was jointly sponsored by the World Bank Group, the International Monetary Fund, and the Brookings Institution. The previous volumes in this series are available from the Brookings Institution Press: Financial Markets and Development: The Crisis in Emerging Markets (1999) Managing Financial and Corporate Distress: Lessons from Asia (2000) Open Doors: Foreign Participation in Financial Systems in Developing Countries (2001) Financial Sector Governance: The Roles of the Public and Private Sectors (2002) The Future of Domestic Capital Markets in Development Countries (2003) 00-1335-5-FM 12/9/04 4:47 PM Page ii THE FUTURE OF STATE-OWNED FINANCIAL INSTITUTIONS    Washington, D.C.    .   .    Editors 00-1335-5-FM 12/9/04 4:47 PM Page iii   The Brookings Institution is a private nonprofit organization devoted to research, education, and publication on important issues of domestic and foreign policy. Its principal purpose is to bring knowledge to bear on current and emerging policy problems. The Institution maintains a position of neutrality on issues of public policy. Interpretations or conclusions in Brookings publications should be understood to be solely those of the authors. Copyright © 2004    1775 Massachusetts Avenue, N.W., Washington, D.C. 20036 www.brookings.edu All rights reserved Library of Congress Cataloging-in-Publication data The future of state-owned financial institutions / Gerard Caprio . . . [et al.], editors. p. cm. Conference proceedings. Summary: “Focuses on the rationale and performance of state-owned financial institutions in emerging markets, as well as on possible government policies for either privatizing or managing them”—Provided by publisher. Includes bibliographical references and index. ISBN 0-8157-1335-5 (pbk. : alk. paper) 1. Banks and banking—Government ownership. 2. Financial institutions— Government ownership. 3. Privatization. I. Caprio, Gerard. II. Title. HG1725.F88 2005 332.1—dc22 2004027181 9 8 7 6 5 4 3 2 1 The paper used in this publication meets minimum requirements of the American National Standard for Information Sciences—Permanence of Paper for Printed Library Materials: ANSI Z39.48-1992. Typeset in Adobe Garamond Composition by Lynn Rivenbark Macon, Georgia Printed by Victor Graphics Baltimore, Maryland 00-1335-5-FM 12/9/04 4:47 PM Page iv ...