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The Political Economy of the U.S. Mortgage Default Crisis
Mian, Atif - 2008
We examine the determinants of congressional voting behavior on two of the most significant pieces of federal legislation in U.S. economic history: the American Housing Rescue and Foreclosure Prevention Act of 2008 and the Emergency Economic Stabilization Act of 2008. We find evidence that...
Persistent link: https://www.econbiz.de/10012464179
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The real costs of industry contagion
Garcia-Appendini, Emilia - 2014 - This draft: June 2014
This paper analyzes whether the financial distress of a firm affects the investment decisions of non …-distressed competitors. On average, firms in distress impose indirect costs to non-distressed competitors by increasing costs of credit in …
Persistent link: https://www.econbiz.de/10010410806
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Determinants of distress in the UK owner-occupier and buy-to-let mortgage markets
Lazarov, Vladimir; Hinterschweiger, Marc - 2018
Persistent link: https://www.econbiz.de/10011926043
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How important is moral hazard for distressed banks?
Ben-David, Itzhak; Palvia, Ajay; Stulz, René M. - 2020
The moral hazard incentives of the bank safety net predict that distressed banks take on more risk and higher leverage. Since many factors reduce these incentives, including charter value, regulation, and managerial incentives, the net economic effect of these incentives is an empirical...
Persistent link: https://www.econbiz.de/10012216705
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The political economy of finance and regulatory capture : evidence from the US Congress
Silano, Filippo - 2023
Congress roll call votes on financial liberalisation were biased by industry-led campaign contributions and lobbying activities …
Persistent link: https://www.econbiz.de/10014370438
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Bank lobbying : regulatory capture and beyond
Igan, Deniz; Lambert, Thomas - 2019
In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences … through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the … interpreted as a call for an outright ban of lobbying, they point in the direction of a need for rethinking the framework …
Persistent link: https://www.econbiz.de/10012103556
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The politics of foreclosures
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak - 2017
these banks' lobbying expenditures …
Persistent link: https://www.econbiz.de/10011968870
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Studies on issues in political economy since the Global Financial Crisis
Jäger, Kai - 2016
Die Dissertation behandelt in vier Kapiteln Themen zu den Ursprüngen und Auswirkungen der globalen Finanzkrise 2007 …-8. Nach der Einleitung untersucht Kapitel 2, warum autoritäre Regime im Vergleich zu Demokratien vor und nach der Finanzkrise …
Persistent link: https://www.econbiz.de/10011742243
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Studies on Issues in Political Economy since the Global Financial Crisis
Jäger, Kai - 2016
The dissertation includes four studies broadly connected to the causes and consequences of the Global Financial Crisis of 2007-8 from a political economy perspective. Following the intro-duction, Chapter 2 analyzes the political roots of massive foreign reserves accumulation, which has...
Persistent link: https://www.econbiz.de/10011698361
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Bank ownership and financial stability
Perotti, Enrico C.; Vorage, Marcel - 2010
We study a politician's choice for state or private control of banks. The choice trades of lobbying contributions …
Persistent link: https://www.econbiz.de/10011380029