Doerr, Sebastian; Gissler, Stefan; Peydró, José-Luis; … - In: The Journal of Finance 77 (2022) 6, pp. 3339-3372
Do financial crises radicalize voters? We study Germany's 1931 banking crisis, collecting new data on bank branches and firm-bank connections. Exploiting cross-sectional variation in precrisis exposure to the bank at the center of the crisis, we show that Nazi votes surged in locations more...