Real effects

    Papers & Opinions


    Opinion


    Posted on 6 September 2021

    The regulatory architecture of the financial system has significantly changed after the global financial crisis of 2008/09. In Europe, the introduction of the Single Rulebook has been a major change...

    Paper


    Posted on 30 June 2021

    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...