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Economic and Legal Considerations of Optimal Privatization

Economic and Legal Considerations of Optimal Privatization »

Source: Economic and Legal Considerations of Optimal Privatization : Case Studies of Mortgage Firms (DePfa Group and Fannie Mae)

Volume/Issue: 1999/69

Series: IMF Working Papers

Author(s): John Garrett , Hans-Joachim Beyer , and Claudia Dziobek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1999

ISBN: 9781451849042

Keywords: Privatization, financial regulation, state banks, Fannie Mae, DePfa, mortgage, mortgage banks, private mortgage, mortgages

Successful privatization must be accompanied by the complete removal of privileges and any public policy mission. Bank behavior changes rapidly as profit maximation replaces the bureaucratic objective function. Onc...

Economic and Legal Considerations of Optimal Privatization
			: Case Studies of Mortgage Firms (DePfa Group and Fannie Mae)

Economic and Legal Considerations of Optimal Privatization : Case Studies of Mortgage Firms (DePfa Group and Fannie Mae) »

Volume/Issue: 1999/69

Series: IMF Working Papers

Author(s): John Garrett , Hans-Joachim Beyer , and Claudia Dziobek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1999

DOI: http://dx.doi.org/10.5089/9781451849042.001

ISBN: 9781451849042

Keywords: Privatization, financial regulation, state banks, Fannie Mae, DePfa, mortgage, mortgage banks, private mortgage, mortgages

Successful privatization must be accompanied by the complete removal of privileges and any public policy mission. Bank behavior changes rapidly as profit maximation replaces the bureaucratic objective function. Onc...