We study how regulation limiting ESG policies distorts financial market outcomes. In 2021 Texas enacted laws that prohibit municipalities from contracting with banks with certain ESG policies, leading to the exit of five of the largest municipal bond underwriters from the state. Issuers...

This paper aims to provide a retrospective assessment of Ukraine's state policy concerning state-owned banks and evaluate their impact on the sustainability of Ukraine's public finances. The research methodology employs an empirical study of the cash flow of public funds to state owned banks and...