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dc.creator Braun, Matías
dc.creator Raddatz, Claudio
dc.date 2012-03-30T07:12:38Z
dc.date 2012-03-30T07:12:38Z
dc.date 2010-08-30
dc.date.accessioned 2023-02-18T19:41:53Z
dc.date.available 2023-02-18T19:41:53Z
dc.identifier World Bank Economic Review
dc.identifier 1564-698X
dc.identifier http://hdl.handle.net/10986/4521
dc.identifier.uri http://localhost:8080/xmlui/handle/CUHPOERS/250006
dc.description New data are presented for a large number of countries on how frequently former high-ranking politicians become bank directors. Politician-banker connections at this level are relatively rare, but their frequency is robustly correlated with many important characteristics of banks and institutions. At the micro level, banks that are politically connected are larger and more profitable than other banks, despite being less leveraged and having less risk. At the country level, this connectedness is strongly negatively related to economic development. Controlling for this, the analysis finds that the phenomenon is more prevalent where institutions are weaker and governments more powerful but less accountable. Bank regulation tends to be more pro-banker and the banking system less developed where connectedness is higher. A benign, public-interest view is hard to reconcile with these patterns.
dc.publisher World Bank
dc.rights CC BY-NC-ND 3.0 IGO
dc.rights http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.rights World Bank
dc.subject accountability
dc.subject accounting
dc.subject bank regulation
dc.subject banking regulation
dc.subject banking sector
dc.subject banking sector development
dc.subject banking system
dc.subject banks
dc.subject boards of directors
dc.subject capital requirements
dc.subject commercial banks
dc.subject financial regulation
dc.subject financial systems
dc.subject macroeconomics
dc.subject net interest margin
dc.subject private banks
dc.subject productivity
dc.subject profitability
dc.subject return on assets
dc.subject small banks
dc.title Banking on Politics
dc.type Journal Article
dc.type Journal Article
dc.coverage Africa
dc.coverage Europe and Central Asia
dc.coverage Latin America & Caribbean
dc.coverage East Asia and Pacific
dc.coverage Brazil
dc.coverage Egypt, Arab Republic of


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