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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
Cover Image
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
Cover Image
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