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We develop a model of endogenous lobby formation in which wealth inequalityand political accountability undermine entry and financial development. In-cumbents seek a low level of effective investor protection to prevent potentialentrants from raising capital. They succeed because they can...
Persistent link: https://www.econbiz.de/10011338011
followed by financial crises. We explain this variation as the outcome of lobbying interests capturing the reform process. Even … by more leveraged entrepreneurs, protecting more established producers. As a result, lobbying may deliberately worsen …
Persistent link: https://www.econbiz.de/10011348359
followed by financial crises. We explain this variation as the outcome of lobbying interests capturing the reform process. Even … by more leveraged entrepreneurs, protecting more established producers. As a result, lobbying may deliberately worsen …
Persistent link: https://www.econbiz.de/10011255930
followed by financial crises. We explain this variation as the outcome of lobbying interests capturing the reform process. Even … by more leveraged entrepreneurs, protecting more established producers. As a result, lobbying may deliberately worsen …
Persistent link: https://www.econbiz.de/10005144400
To be effective, programs of regulatory reform must address the incentive conflicts that intensify financial risk-taking and undermine government insolvency detection and crisis management. Subsidies to risk taking that large institutions extract from the financial safety net encourage managers...
Persistent link: https://www.econbiz.de/10013140025
To be effective, programs of regulatory reform must address the incentive conflicts that intensify financial risk-taking and undermine government insolvency detection and crisis management. Subsidies to risk taking that large institutions extract from the financial safety net encourage managers...
Persistent link: https://www.econbiz.de/10013070578
This paper argues that creditors reflect the financial-safety-net aspect of bank lobbying, plausibly considering the … connection between bank lobbying and government bailouts. Using a structural approach, I show that bank lobbying is negatively …
Persistent link: https://www.econbiz.de/10012852488
equilibrium setting, capital requirements and lobbying contributions are determined as the outcome of bargaining between banks and … politicians. We show that bankers and politicians agree on lobbying contributions and capital regulation that renders banks … capital regulation standards from international agreements eliminate lobbying incentives, yielding an efficient and fair …
Persistent link: https://www.econbiz.de/10011962140
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/10010325737
In this paper, we examine the relationship between banks lobbying activities, their size, financial strength, and … larger amounts on lobbying. Finally, we observe that the announcement of the Dodd-Frank bill led to increased lobbying by … banks with higher trading revenues. banking ; lobbying ; financial regulatory reform ; Dodd-Frank bill …
Persistent link: https://www.econbiz.de/10009554551