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Lobbying, Corruption and Political Influence
Campos, Nauro F; Giovannoni, Francesco - C.E.P.R. Discussion Papers - 2006
Conventional wisdom suggests that lobbying is the preferred mean for exerting political influence in rich countries and … theoretical framework that focus on the relationship between lobbying and corruption (that is, it investigates under what … conditions they are complements or substitutes). The paper also offers novel econometric evidence on lobbying, corruption and …
Persistent link: https://www.econbiz.de/10005792187
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The Political Economy of Financial Systems
Haber, Stephen; Perotti, Enrico - 2008
This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...
Persistent link: https://www.econbiz.de/10010325760
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The Political Economy of Finance
Perotti, Enrico - 2013
This survey reviews how a recent political economy literature helps explaining variation in governance, competition, funding composition and access to credit. Evolution in political institutions can account for financial evolution, and appear critical to explain rapid changes in financial...
Persistent link: https://www.econbiz.de/10010326229
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Political Competition, Ideology and Corruption
Boukouras, Aristotelis; Koufopoulos, Kostas - 2011
This paper presents a model of political competition, where voter decisions are affected by their ideological adherence to political parties. We derive a number of interesting results: First, we show that an equilibrium exists even though voting is fully deterministic. Second, although...
Persistent link: https://www.econbiz.de/10010329972
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Frictions to Political Competition and Financial Openness
Boukouras, Aristotelis; Koufopoulos, Kostas - 2011
In this paper we present a political economy approach in order to explain the degree of financial openness for an economy. In the model, entrepreneurs, who may have good or bad projects, vote for policies, which are proposed by selfi sh politicians. Two political frictions (ideological adherence...
Persistent link: https://www.econbiz.de/10010329979
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Politics, banks, and sub-sovereign debt: Unholy trinity or divine coincidence?
Koetter, Michael; Popov, Alexander - 2018
We exploit election-driven turnover in State and local governments in Germany to study how banks adjust their securities portfolios in response to the loss of political connections. We find that local savings banks, which are owned by their host county and supervised by local politicians,...
Persistent link: https://www.econbiz.de/10011916850
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Politics, banks, and sub-sovereign debt: Unholy trinity or divine coincidence?
Koetter, Michael; Popov, Alexander - 2018
We exploit election-driven turnover in State and local governments in Germany to study how banks adjust their securities portfolios in response to the loss of political connections. We find that local savings banks, which are owned by their host county and supervised by local politicians,...
Persistent link: https://www.econbiz.de/10011956492
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Banking Behaviour and Political Business Cycle in Africa: The Role of Independent Regulatory Policies of the Central Bank
Ofori-Sasu, Daniel; Agbloyor, Elikplimi Komla; Nsafoah, … - 2024
This study examines the effect of regulatory independence of the central bank in shaping the impact of electoral cycles on bank lending behaviour in Africa. It employs the dynamic system Generalized Method of Moments (SGMM) Two-Step estimator for a panel dataset of 54 African countries over the...
Persistent link: https://www.econbiz.de/10014549289
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Financial stability committees and the countercyclical capital buffer
Edge, Rochelle M.; Liang, Jean Nellie - 2020
Multi-agency financial stability committees (FSCs) have grown dramatically since the global financial crisis. However, most cannot direct actions or recommend to other agencies that they take actions, and most would influence policy actions only through convening and discussing risks. We...
Persistent link: https://www.econbiz.de/10012171226
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From Finance to Fascism
Doerr, Sebastian; Gissler, Stefan; Peydró, José-Luis; … - 2020
Do financial crises radicalize voters? We study Germany's banking crisis of 1931, when two major banks collapsed and voting for radical parties soared. We collect new data on bank branches and rm-bank connections of over 5,500 firms and show that incomes plummeted in cities affected by the bank...
Persistent link: https://www.econbiz.de/10012313799