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The moral hazard incentives of the bank safety net predict that distressed banks take on more risk and higher leverage. Since many factors reduce these incentives, including charter value, regulation, and managerial incentives, the net economic effect of these incentives is an empirical...
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This paper analyzes whether the financial distress of a firm affects the investment decisions of non …-distressed competitors. On average, firms in distress impose indirect costs to non-distressed competitors by increasing costs of credit in …
Persistent link: https://www.econbiz.de/10010410806
Congress roll call votes on financial liberalisation were biased by industry-led campaign contributions and lobbying activities …
Persistent link: https://www.econbiz.de/10014370438
In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences … through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the … interpreted as a call for an outright ban of lobbying, they point in the direction of a need for rethinking the framework …
Persistent link: https://www.econbiz.de/10012103556
Die Dissertation behandelt in vier Kapiteln Themen zu den Ursprüngen und Auswirkungen der globalen Finanzkrise 2007 …-8. Nach der Einleitung untersucht Kapitel 2, warum autoritäre Regime im Vergleich zu Demokratien vor und nach der Finanzkrise …
Persistent link: https://www.econbiz.de/10011742243
these banks' lobbying expenditures …
Persistent link: https://www.econbiz.de/10011968870
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/10011380029
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