We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was higher and - contrary to expectations- access to...

We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was higher and - contrary to expectations- access to...

In this paper, we propose a political-economy model of China that explains both the rapid economic growth and frequent rate of accidents that have occurred in China. The central government delegates authority to the local government to regulate the production activities of the firm. Under...