Roy C. Smith and Ingo Walter

in Global Banking

Second edition

Published in print May 2003 | ISBN: 9780195134360
Published online November 2003 | e-ISBN: 9780199833009 | DOI:

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Privatization, involving the transfer of SOEs (state‐owned enterprises) into the private sector, has become a key dimension of the world capital markets over the past two decades. Reviews (1) the general economic theory issues raised by this phenomenon, (2) some of the specific mechanisms through which privatization can be effected, (3) the attractiveness of privatizations to the banking sector, in terms of consultancy and underwriting opportunities, and (4) the financial advisory services involved.

Keywords: financial services; privatization

Chapter.  8177 words.  Illustrated.

Subjects: Financial Markets

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