Papers & Opinions

Banking | Special interest politics | Theory

Bank Influence at a Discount

Paper

Posted on 8 November 2021

By Stylianos Papageorgiou

In a general equilibrium framework, we study the cost incurred by banks to ''buy" influence on capital regulation via campaign contributions. Our central result is that banks buy influence at...
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Central banking | Empirics | Financial markets | Regulation

The Partisanship of Financial Regulators

Paper

Posted on 27 September 2021

By Matthew Henriksson

We analyze the partisanship of Securities and Exchange Commissioners (SEC) and members of the Federal Reserve Board of Governors (Fed). Using the language-based approach of Gentzkow, Shapiro, and Taddy (Econometrica,...
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Financial markets | Political institutions | Regulation

Delegation and the Regulation of U.S. Financial Markets

Paper

Posted on 7 July 2021

By Thomas Groll

We analyze the institutional determinants of U.S. financial market regulation with a general model of the policy-making process in which legislators delegate authority to regulate financial risk at both the...
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