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Lending Cycles and Real Outcomes : Costs of Political Misalignment
Bircan, Cagatay - 2019
We use data on credit in Turkey to document a strong political lending cycle. State-owned banks systematically adjust their lending around local elections compared with private banks in the same province. There is considerable tactical redistribution: state-owned banks increase credit in...
Persistent link: https://www.econbiz.de/10012894176
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Lending Cycles and Real Outcomes : Costs of Political Misalignment
Bircan, Cagatay - 2019
We use data on the universe of credit in Turkey to document a strong political lending cycle. State-owned banks systematically adjust their lending around local elections compared with private banks in the same province. There is considerable tactical redistribution: state-owned banks increase...
Persistent link: https://www.econbiz.de/10012894213
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Lending Cycles and Real Outcomes : Costs of Political Misalignment
Bircan, Cagatay - 2019
We document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical redistribution, state-owned banks systematically adjust their lending around local elections compared with private banks in the same province based on electoral competition and...
Persistent link: https://www.econbiz.de/10012896140
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Lending Cycles and Real Outcomes : Costs of Political Misalignment
Bircan, Cagatay; Saka, Orkun - 2021
We document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical redistribution, state-owned banks systematically adjust their lending around local elections compared with private banks in the same province based on electoral competition and...
Persistent link: https://www.econbiz.de/10013246909
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Inequality, income, and well-being
Decancq, Koen; Fleurbaey, Marc; Schokkaert, Erik - 2015
Persistent link: https://www.econbiz.de/10010510184
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Inequality, income, and well-being
Decancq, Koen; Fleurbaey, Marc; Schokkaert, Erik - 2014
Persistent link: https://www.econbiz.de/10010385156
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Chapter 2. Inequality, Income, and Well-Being
Decancq, Koen; Fleurbaey, Marc; Schokkaert, Erik - In: Handbook of income distribution : volume 2, (pp. 67-140). 2015
Individual well-being depends not only on income but also on other dimensions of life, such as health, the quality of social relations and of the environment, employment, and job satisfaction. In this chapter we survey the economic literature on how to construct such overall measures of...
Persistent link: https://www.econbiz.de/10014025349
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Exchange rate determination in developing economies
Ogun, Oluremi Davies - In: Modern economy 3 (2012) 5, pp. 518-521
Persistent link: https://www.econbiz.de/10009720568
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Political risk and real exchange rate : what can we learn from recent developments in panel data econometrics for emerging and developing countries?
Bahmani-Oskooee, Mohsen; Hadj Amor, Thouraya; Nouira, Ridha - 2019
. (2017) our main findings are the following: i) countries experiencing a high degree of corruption, a high risk to investment … evidence for a threshold effect on the relationship between investment profile-RER, corruption-RER and political instability …-RER. Specifically, political instability and corruption adversely affect real exchange rate especially when they exceed the threshold …
Persistent link: https://www.econbiz.de/10011955761
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Politics-driven exchange rate cycles : East Asia vs. Latin America
Razmi, Arslan - 2018
I develop the implications for real exchange rate cycles of different policy preferences, focusing in particular on broadly stylized features of major Latin American and East Asian economies. Recent political science literature has emphasized the role of factors such as the influence of the...
Persistent link: https://www.econbiz.de/10011872351