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The transmission mechanism of credit support policies in the Euro Area

Boeckx, Jef; Sola Perea, Maite de; Peersman, Gert - 2017

We use an original monthly dataset of 131 individual euro area banks to examine the effectiveness and transmission mechanism of the Eurosystem's credit support policies since the start of the crisis. First, we show that these policies have indeed been succesful in stimulating the credit flow of...

Persistent link: https://www.econbiz.de/10011646726

The impact of peer-to-peer lending on small business loans

Kim, Jin-Hyuk; Stähler, Frank - 2020

We investigate the impact of peer-to-peer lending on the small business loans originated by US depository institutions that are subject to the Community Reinvestment Act. We present a model where a borrower can choose between a traditional bank and a crowdlending platform and show that the entry...

Persistent link: https://www.econbiz.de/10012212849

Electoral cycles in savings bank lending

Englmaier, Florian; Stowasser, Till - 2013

We provide evidence that German savings banks - where local politicians are by law involved in their management - systematically adjust lending policies in response to local electoral cycles. The different timing of county elections across states and the existence of a control group of...

Persistent link: https://www.econbiz.de/10010126401

Lending cycles and real outcomes : costs of political misalignment

Bircan, Cagatay; Saka, Orkun - 2021

We document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical redistribution, state-owned banks systematically adjust their lending around local elections compared with private banks in the same province based on electoral competition and...

Persistent link: https://www.econbiz.de/10012428972

Power, scrutiny, and congressmen's favoritism for friends' firms

Do, Quoc-Anh; Lee, Yen Teik; Nguyen, Bang Dang; Nguyen, … - 2023

effect. It further varies with politicians power, firm size and governance, and connection strength, and diminishes as a …

Persistent link: https://www.econbiz.de/10014427625

The power of religious organizations in human decision processes : analyzing voting behavior

Torgler, Benno; Stadelmann, David; Portmann, Marco - 2013

In Switzerland, two key church institutions - the Conference of Swiss Bishops (CSB) and the Federation of Protestant Churches (FPC) - make public recommendations on how to vote for certain referenda. We leverage this unique situation to directly measure religious organizations ́power to shape...

Persistent link: https://www.econbiz.de/10010223454

The power of parties

Fiva, Jon H.; Folke, Olle; Sørensen, Rune Jorgen - 2013

As with the market for goods and services, democratic competition involves political parties offering their services (policy programs) to citizen-consumers who vote for their preferred partisan supplier. Little is known about the partial effect of a shift in parties' seat shares for given voter...

Persistent link: https://www.econbiz.de/10009707614

The efficacy and efforts of interest groups in post elections policy formation

Epstein, Gil S.; Mealem, Yosef; Nitsan, Shemuʾel - 2012

given party ideological predispositions and power distribution determine the expected policy outcome. Our analysis applies … weighted by power. Our second result clarifies how the success of an interest group hinges on the dominance of its ideology in … effect of ideological predispositions and power on the efforts of the interest groups. -- policy formation ; political …

Persistent link: https://www.econbiz.de/10009683353

Enlargements and the principles of designing EU : decision-making procedures

Widgrén, Mika - 2003

classical power indices. The main emphasis in the assessment is in stability, efficiency and fairness. The paper concludes that …

Persistent link: https://www.econbiz.de/10011507661

Bargaining and distribution of power in the EU's Conciliation Committee

Napel, Stefan; Widgrén, Mika - 2003

The European Union (EU) has moved towards bicameralism, making the codecision procedure its most important mechanism for decision making. To gauge if European Parliament (EP) and Council of Ministers (CM) are equally powerful codecision makers , understanding of the final stage of the procedure...

Persistent link: https://www.econbiz.de/10011509443