Politicians 'On Board'! Do Political Connections Affect Banking Activities in Italy?


 
 Family 
 Matters : 
 Testing 
 the 
 Effect 
 of 
 Political 
 Connections 
 in 
 Italy 


Political Careers or Career Politicians?∗

Two main career paths are prevalent among politicians in modern democracies: there are career politicians (i.e., politicians who work in the political sector until retirement), and political careers (i.e., there are politicians who leave politics before retirement and work in the private sector). In this paper, we propose a dynamic equilibrium model of the careers of politicians in an environme...

How Do Politicians Recover Their Costs? The Political Economy of Representative Democracy in India

This paper explores the features of political economy in the dynamics of representative politics in India. Politics is seen as enhancing economic benefits through acquiring and maintenance of power in the realm of democratic set up. The system of representation is riddled with competitive populism. Emerging leaders and parties are forced to accommodate their ideologies in coping with competitiv...

Do foreign-owned banks affect banking system liquidity risk?

Dinger, Valeriya—Do foreign-owned banks affect banking system liquidity risk? Existing empirical research shows that foreign-owned banks play a stabilizing role in emerging economies’ banking systems. Anecdotal evidence suggests that this stabilizing role can be attributed to transnational banks’ access to more diversified sources of liquidity. There exists, however, no empirical evidence so fa...

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...