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Is a state bank a useful economic development tool in the United States?

Chirinko, Robert S. - 2022

The possibility of creating a state bank has received much recent attention in the United States. In 2021, six states introduced legislation to create a state bank; in 2019, similar legislation was enacted in California for municipal banks. This paper develops a framework to evaluate state...

Persistent link: https://www.econbiz.de/10013454018

Subprime crisis and board (in-)competence : private vs. public banks in Germany

Hau, Harald; Thum, Marcel - 2009

We examine evidence for a systematic underperformance of Germany's state-owned banks in the current financial crisis and study if the bank losses can be traced to the quality of bank governance. For this purpose, we examine the biographical background of 593 supervisory board members in the 29...

Persistent link: https://www.econbiz.de/10003850179

Electoral cycles in savings bank lending

Englmaier, Florian; Stowasser, Till - 2013

We provide evidence that German savings banks - where local politicians are by law involved in their management - systematically adjust lending policies in response to local electoral cycles. The different timing of county elections across states and the existence of a control group of...

Persistent link: https://www.econbiz.de/10010126401

The politician and his banker

Hainz, Christa (contributor); Hakenes, Hendrik (contributor) - 2007

Persistent link: https://www.econbiz.de/10003624460

Lending cycles and real outcomes : costs of political misalignment

Bircan, Cagatay; Saka, Orkun - 2021

We document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical redistribution, state-owned banks systematically adjust their lending around local elections compared with private banks in the same province based on electoral competition and...

Persistent link: https://www.econbiz.de/10012428972

The behavioral mechanisms of voluntary cooperation across culturally diverse societies : evidence from the US, the UK, Morocco, and Turkey

Weber, Till O.; Schulz, Jonathan F.; Beranek, Benjamin; … - 2023

UK (two similar Western societies) and Morocco and Turkey (two comparable non-Western societies), we find that … cooperation is lower in Morocco and Turkey than in the UK and the US. Using the ABC approach - in which cooperative attitudes and …

Persistent link: https://www.econbiz.de/10014338895

Privatization in Italy 1993-2002 : goals, institutions, outcomes, and outstanding issues

Goldstein, Andrea - 2003

This paper describes the privatization program in Italy during the 1990s and puts that policy in the context of … attempts at privatization of the 1980s, delaying until 1992 the start of largescale privatizations. These were imposed on … analysis of the consequences of privatization on corporate governance show that, notwithstanding considerable changes in the …

Persistent link: https://www.econbiz.de/10011507688

Voter support for privatizing education : evidence on self-interest and ideology

Merzyn, Wolfram; Ursprung, Heinrich W. - 2003

Economic theory advances various arguments in favor of and against privatizing education. In this paper we investigate the extent to which these arguments influence voters opinions. We analyze two popular referenda in which some 400,000 voters in two Swiss cantons expressed their opinions on the...

Persistent link: https://www.econbiz.de/10011508114

Privatization under asymmetric information

Bös, Dieter - 2000

This paper models privatization as a cooperative game between the government, a trade union and the private … shareholders. These players kno w that privatization increases the efficiency of a firm, but only the management of the firm knows …

Persistent link: https://www.econbiz.de/10009781518

Income inequality and oligarchs in Russian regions : a note

Fidrmuc, Jarko; Gundacker, Lidwina - 2017

We trace the rise of the so called oligarchs in post-Soviet Russia and examine their relationship to income distribution in Russia. When Russia moved to a market economy in the 1990s a new business elite evolved. Russia's distinctive path towards market economy, among other factors, gave rise to...

Persistent link: https://www.econbiz.de/10011646801