01639cas a2200253 a 4500 AALejournalIMF013930 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484392805 1018-5941 BD-DhAAL BD-DhAAL Gonzalez-Garcia, Jesus. State-Owned Banks and Fiscal Discipline / Jesus Gonzalez-Garcia, Francesco Grigoli. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students State-owned banks may help to soften the financing constraints of public sector entities and consequently become a factor that hampers fiscal discipline. Using a panel dataset, we find that a larger presence of state-owned banks in the banking system is associated with more credit to the public sector, larger fiscal deficits, higher public debt ratios, and the crowding out of credit to the private sector. These results suggest that the lending practices of state-owned banks should be carefully assessed in any strategy to pursue fiscal discipline. Mode of access: Internet Grigoli, Francesco. IMF Working Papers; Working Paper ; No. 2013/206 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/206/001.2013.issue-206-en.xml IMF e-Library