Public banks good for growth
Government-owned banks could be more conducive to economic growth than privately-owned banks, new research from the Central Bank of Cyprus reveals.
The analysis shows that unchecked extreme moral hazard behaviour by opportunistic bank insiders poses an extreme, yet real, threat to the growth-promoting role of banks. It also shows that such behaviour diverts bank resources towards short-term enrichment of insiders at the expense of maximising shareholder wealth and may also be responsible for the
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