Arbeitspapier
Subsidiarity portfolios and separation compacts to enhance the governance of state-owned banks
This paper sets forth a new approach to state-owned banks grounded on portfolio theory and the principle of subsidiarity, so as to improve the governance of such institutions. Firstly, it defines what is meant by portfolio of portfolios and the separation feature, which leads to setting up what we call a separation compact. Next, the principle of subsidiarity is introduced, highlighting the pathways to its uses and misuses when we deal with state-owned banks. Afterwards, we bring forward the notion of subsidiarity portfolio, stressing how such construct can foster to a great degree key governance variables, namely accountability, control, transparency, management, checks and balances, as well as the fulfillment of the fiduciary role. Finally, it is laid down a new viewpoint for state-owned banks, from which they come to be regarded as separation compacts.
- Sprache
-
Englisch
- Erschienen in
-
Series: Serie Documentos de Trabajo ; No. 317
- Klassifikation
-
Wirtschaft
Structure and Scope of Government: General
Taxation, Subsidies, and Revenue: General
Portfolio Choice; Investment Decisions
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Thema
-
state-owned banks
portfolios
governance
principle of subsidiarity
separation compact
subsidiarity portfolios
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Apreda, Rodolfo
- Ereignis
-
Veröffentlichung
- (wer)
-
Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA)
- (wo)
-
Buenos Aires
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Apreda, Rodolfo
- Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA)
Entstanden
- 2006
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