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Investor Protection and Entry
Perotti, Enrico; Volpin, Paolo - Tinbergen Institute - 2007
Entry requires external finance, especially for less wealthy entrepreneurs, so poor investor protection limits competition. We model how incumbents lobby harder to block access to finance to entrants when politicians are less accountable to voters. In a broad cross-section of countries and...
Persistent link: https://www.econbiz.de/10005136893
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Bank Ownership and Financial Stability
Perotti, Enrico; Vorage, Marcel - Tinbergen Institute - 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/10008838581
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Bank Ownership and Financial Stability
Perotti, Enrico; Vorage, Marcel - Tinbergen Instituut - 2010
We study a politician's choice for state or private control of banks. The choice trades of lobbying contributions … maximize their rents. As state banks are less efficient, at higher level of accountability there is a shift to private control …. At the transition point there is a jumpin risk taking, as private banks do not internalize the social costs of bank …
Persistent link: https://www.econbiz.de/10011256743
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Investor Protection and Entry
Perotti, Enrico; Volpin, Paolo - Tinbergen Instituut - 2007
Entry requires external finance, especially for less wealthy entrepreneurs, so poor investor protection limits competition. We model how incumbents lobby harder to block access to finance to entrants when politicians are less accountable to voters. In a broad cross-section of countries and...
Persistent link: https://www.econbiz.de/10011256887
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Financial Frictions and the Credit Transmission Channel: Capital Requirements and Bank Capital
Gornicka, Lucyna; Wijnbergen, Sweder van - Tinbergen Instituut - 2013
We investigate actual capital chosen by banks in presence of capital minimum requirements and ex-post penalties for …
Persistent link: https://www.econbiz.de/10011257179