Papers & Opinions

Banking | Central banking | Empirics

Can Competition Between Regulated and Unregulated Institutions Affect Financial Stability?

Paper

Posted on 2 July 2021

By Eric Monnet

In the paper "The Real Effects of Bank Runs. Evidence from the French Great Depression (1930-1931)" we study how competition between regulated and unregulated institutions can trigger financial instability and...
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Banking | Electoral politics | Empirics

Banks, Political Capital, and Growth

Paper

Posted on 30 June 2021

By Thomas Lambert

In this paper, we study the consequences of banks’ political connectedness for economic activity. We focus on the subset of banks that donate to candidates in US congressional elections, and...
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Banking | Electoral politics | Theory

The Political Economy of Prudential Regulation

Paper

Posted on 21 May 2021

By Magdalena Rola-Janicka

This paper introduces a voting model into a setting with negative borrowing externalities to study voter preferences for prudential regulation. Voters internalize the general equilibrium impact of prudential policy on...
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