Showing 1 - 10 of 159
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
This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient even without fixed costs, and the inefficiency increases in the equality of donors'...
Persistent link: https://www.econbiz.de/10009621658
This paper shows that donors that maximize relative aid impact spread their budgets across many recipient countries in a unique Nash equilibrium, explaining aid fragmentation. This equilibrium may be inefficient even without fixed costs, and the inefficiency increases in the equality of donors'...
Persistent link: https://www.econbiz.de/10014395695
, and (2) lobbying high-level government politicians to resist legal reforms designed to improve judicial efficiency and …
Persistent link: https://www.econbiz.de/10014400451
this event, firms with little or no prior exposure to the federal accounts that experienced cuts reduced their lobbying … spending. In contrast, firms with a high degree of exposure to the cuts maintained and even increased their lobbying spending … likely intensified their lobbying efforts to distinguish themselves from the others and improve their chances of procuring a …
Persistent link: https://www.econbiz.de/10012103562
The IMF attempts to catalyze and stabilize private capital flows to emerging markets by providing public monitoring and emergency finance. In analyzing its role we contrast cases where banks and bondholders do the lending. Banks have a natural advantage in monitoring and creditor coordination,...
Persistent link: https://www.econbiz.de/10014400853
This paper addresses an apparent lack of economic theory in the analysis of multilateral development bank (MDB) behavior. A simple comparative statics model that is adapted from the credit union literature is used to predict potential areas of conflict, agreement, and indifference between MDB...
Persistent link: https://www.econbiz.de/10014398226
We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We … higher costs in such auctions, amounting to 16.4 percent of the total resolution losses. We also find that lobbying winners … have worse operating and stock market performance than their non-lobbying counterparts, suggesting that lobbying results in …
Persistent link: https://www.econbiz.de/10011763817
. Political uncertainty has a positive effect on environmental policy as it reduces lobbying efforts. Applying our model to a …
Persistent link: https://www.econbiz.de/10014401287
the value of protection, via costless messages (cheap-talk) and costly messages (lobbying). We estimate our model using … firm-level data on tariff suspension bills and lobbying expenditures from 1999-2006, and find that indeed verbal opposition … by import-competing firms, with no lobbying, significantly reduces the probability of a suspension being granted. In …
Persistent link: https://www.econbiz.de/10014397364