The Future of State-Owned Financial Institutions

Index

 Index Accountability, 22–23, 26 Accounting methods, 79–81; in China, 101–02, 107, 108, 111; Mexico’s privatization experience, 330, 331; specification of, in SFI authorizing legislation, 247; supervisory objectives, 250–51 Agricultural sector: China’s transition to market economy, 93, 94; SFI lending practices, 20–21; SFI rationale, 2, 16–17, 76 Algeria, 13 Argentina’s bank system, 13; lending patterns, 20, 284; nonperforming loans, 19; privatization experience, 31–32, 34, 35, 37, 290–91, 298–99, 303–04 Arsitiktur Perbanken Indonesia, 233–34 Asian financial crisis, 98; Chinese response, 98, 101–2, 103–04; Indonesian economy in, 127–28, 129, 141–42, 152–57, 174, 229, 230–34 Asset management companies, 59, 65; in China, 107–08, 110 Assets of state-owned banks, 33; capital adequacy assessments, 249; China’s banking system, 98–99; conversion into narrow banks, 41–43; current profile, 56–57, 59–62; evolution of Indonesian banking policies, 123, 129, 144–45, 149, 151, 155, 157–60; state ownership patterns, 284 Australia, 294, 295, 296–97 Bangladesh, 13, 19 Bankruptcy law, 189–90 Basel Core Principles, 66, 67, 142, 245, 253–54 Bond markets: China’s transition to market economy, 97–98, 105–06; in Indonesia, 160–61, 164–67 Brazil, 13; bank recapitalization costs, 19; privatization experience, 32, 35, 292–93, 298; SFI performance, 19 Bulgaria, 34 Capitalist economies: global trends, 1; SFIs in, 51 Capital markets: China’s transition to market economy, 93–94, 97–101; in India, 190, 193–96; optimal conditions for employee stock ownership privatizations, 348 16-1335-5-BM 12/9/04 3:42 PM Page 375 Charter, bank, 246 Chief executives, 65 Chile, 284 China, 13, 40; asset management companies, 107–08, 110; banking system, 4, 98–101; challenges to economic growth, 118–19; contingent liabilities, 106–12, 114–15; early moves toward market economy, 93–101; future prospects for fiscal sustainability, 4, 112–18; government liabilities, 105–12, 113; interest rates, 99–100; lending policies, 4, 97–105; nonperforming loans, 3, 19; policy banks, 100–01, 107; response to Asian financial crisis, 98, 101–04; treasury debt, 105–06 Closing failed institutions, 9, 15; compensation to depositors, 271–72; country experiences, 38; deposits and payments policy, 39; implications for small borrowers, 39; indications for, 38–39; Indonesian reforms, 230 Code of Good Practices on Fiscal Transparency, 82, 84 Commercial banks: China’s banking system, 99; export-import financing, 197; funding, 59; in Indonesia, 135–36; objectives, 57–58; operational standards, 66–67, 245, 254–55; senior management appointments, 65; state ownership, 55–56; supervision, 243–44, 253–55 Communist economies, 15–16 Competition, 320; development bank lending and, 225–26; Indonesian banking reforms and, 148–49, 151; performance and, 289, 296–97; privatization rationale, 305; response to announcement of bank privatization , 322; state support for financial institutions and, 59–62 Contingent liabilities, 81–82, 83–84; China’s transition to market economy, 106–12, 114–15 Corruption, 25, 153, 175 Costa Rica, 20–21 Credit card lending, 103 Crisis management, as SFI rationale, 2, 18, 77 Czech Republic privatization experience, 32, 34, 35, 37, 291–92, 294–95, 300, 322 Deposit guarantees, 60–61, 331; India’s bank system, 202–03 Developed countries, SFIs in, 19, 51, 279 Development Bank of Southern Africa: agency services, 222–23; challenges for, 225–26; effectiveness, 224–25; funding sources, 220; governance, 216–17; interest rate policy, 221; as knowledge organization, 223–24; origins, 216; partnerships, 221–22; portfolio balance, 220–21; products and services, 217–24; risk management strategies, 221–22 Development banks: assets, 57; deposit guarantees, 60–61; funding, 59–60; governance and supervision, 63, 64–65, 67; objectives, 57, 58; state ownership, 56. See also Development Bank of Southern Africa Development financial institutions: assets, 57; development assistance role, 214–15; good policies for, 226–27; governance and regulation, 63, 64–65; historical and conceptual development, 211–12, 215; lending practices, 212–14; objectives, 57, 58; private sector partnerships, 214; purpose, 181, 211, 212–15; risk management in, 215. See also Development Bank of Southern Africa Economic growth: China’s prospects, 115–18; commercial bank objectives, 57–58; effects of nonperforming loans, 22; financial institution stability and, 1; in Indonesia, 125–26, 127, 128, 152, 230–31, 239; privatization outcomes, 316–17; privatization rationale, 5; SFI performance and, 3, 21; SFI rationale, 2, 15–17, 76–77, 125–26, 127, 128, 152, 181–82, 242 Ecuador, 13 Egypt, 9, 13 Employee stock ownership plans, 6; access to public...