DEMOCRATIC CAPITALIZATION, LOCAL ACTORS, AND POLITICAL PATRONAGE NETWORKS

Rational Actors , Political Argument , and Democratic Deliberation

Political patronage in Ukranian banking

This paper empirically investigates the link between political patronage and bank performance for Ukraine during 2003Q3–2005Q2. We find significant differences between politically affiliated and non-affiliated banks. The data suggest that affiliated banks have significantly lower interest rate margins and increase their capitalization. Furthermore, we show that the level of activity of affiliat...

Political patronage in Ukrainian banking∗

This paper empirically investigates the link between political patronage and bank performance for Ukraine during 2003Q3–2005Q2. We find significant differences between politically affiliated and non-affiliated banks. The data suggest that affiliated banks have significantly lower interest rate margins and increase their capitalization. Furthermore, we show that the level of activity of affiliat...

Prayer, Patronage, and Political Conspiracy: English Nuns and the Restoration*

. Restoration historiography has so far remained silent regarding the alliance between the exiled royalists and the recusant religious houses in the Low Countries. This article examines the assistance provided to the royalist cause by Abbess Mary Knatchbull of the English Benedictine cloister at Ghent. The correspondence of Charles’s leading advisers, most notably Sir Edward Hyde, revea...

Political Patronage, Bureaucracy and Corruption in Postwar Italy1

This paper examines the relationship between the legislature and the public administration in postwar Italy (understood as the period from about 1948 through 1994). Italian public administration is normally characterized as poorly designed and ine±cient. A principal-agent framework would lead one to believe that political control of the bureaucracy was inadequate in Italy, and that extensive bu...