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Democratic political economy of financial regulation
Livshits, Igor; Park, Youngmin - 2021 - Last updated: November 26, 2021
This paper offers a simple theory of inefficiently lax financial regulation arising as an outcome of a democratic political process. Lax financial regulation encourages some banks to issue risky residential mortgages. In the event of an adverse aggregate housing shock, these banks fail. When...
Persistent link: https://www.econbiz.de/10012670328
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Inequality and Corruption : Evidence from US States
Alt, James E.; Dreyer Lassen, David - 2008
High-quality data on state-level inequality and incomes, panel data on corruption convictions, and careful attention to … institutional environment the corruptible employee's or official's decision to engage in corruption is affected by relative wages … of inequality, which indicate diminished prospects facing those convicted of corruption. In US states over 25 years we …
Persistent link: https://www.econbiz.de/10014215276
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Inequality and corruption : evidence from US states
Alt, James E. (contributor);  … - 2008
High-quality data on state-level inequality and incomes, panel data on corruption convictions, and careful attention to … institutional environment the corruptible employee’s or official’s decision to engage in corruption is affected by relative wages … of inequality, which indicate diminished prospects facing those convicted of corruption. In US states over 25 years we …
Persistent link: https://www.econbiz.de/10003746542
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The legacies of slavery in and out of Africa
Bertocchi, Graziella - In: IZA journal of migration : IZAJOM 5 (2016) 24, pp. 1-19
The slave trades out of Africa represent one of the most significant forced migration experiences in history. In this paper, I illustrate their long-term consequences on contemporaneous socio-economic outcomes, drawing from my own previous work on the topic and from an extensive review of the...
Persistent link: https://www.econbiz.de/10011619155
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Dominant Capital and the Government
Bichler, Shimshon; Nitzan, Jonathan - 2021
This note contextualizes the ongoing U.S. policy shift toward greater ‘regulation’ of large corporations. Cory Doctorow and Blair Fix are optimistic about this shift. We doubt it.
Persistent link: https://www.econbiz.de/10012626980
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Red Giant
Bichler, Shimshon; Nitzan, Jonathan - 2021
In 2012, we published a paper in the Journal of Critical Globalization Studies titled 'Imperialism and Financialism: The Story of a Nexus'. Our topic was the chameleon-like Marxist notion of imperialism and how its different theories related to finance. Here is the article's summary: Over the...
Persistent link: https://www.econbiz.de/10012632160
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Federal Regulation, Job Creation, and the Moderating Effect of State Economic Freedom : Evidence From the United States
Lucas, David; Boudreaux, Christopher - 2018
Regulation has been shown to hinder employment and entrepreneurship, but regional variation is rarely explored. Engaging the theory of market-preserving federalism, we argue that regional economic freedom attenuates the negative influence of national regulation on net job creation. Using U.S....
Persistent link: https://www.econbiz.de/10014112433
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Industrial Production in the United States : Some Statistics
McGee, Robert W. - 2017
Media pundits and some politicians would have us believe that industrial production has been declining in the United States. Some would even say that “we don't make things anymore.” However, the statistics show a different picture. This paper examines the trade statistics for the United...
Persistent link: https://www.econbiz.de/10012963810
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U.S. Presidential Cycles and the Foreign Exchange Market
Ashour, Samar - 2019
We examine the association between the foreign exchange rate of the US dollar and US presidential cycles. Results show that Republican presidencies tend to start with a strong dollar, which then depreciates over the course of the presidency. In contrast, Democratic presidencies tend to begin...
Persistent link: https://www.econbiz.de/10012890404