Winning Connections Special Interests and the Sale of Failed Banks is popular PDF and ePub book, written by Ms.Deniz O Igan in 2017-11-22, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Winning Connections Special Interests and the Sale of Failed Banks can be Read Online from any device for your convenience.
Winning Connections Special Interests and the Sale of Failed Banks Book PDF Summary
We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We show that bidding banks that lobby regulators have a higher probability of winning an auction. In addition, the FDIC incurs higher costs in such auctions, amounting to 16.4 percent of the total resolution losses. We also find that lobbying winners have worse operating and stock market performance than their non-lobbying counterparts, suggesting that lobbying results in a less efficient allocation of failed banks. Our results provide new insights into the bank resolution process and the role of special interests.
Detail Book of Winning Connections Special Interests and the Sale of Failed Banks PDF
- Author : Ms.Deniz O Igan
- Release : 22 November 2017
- Publisher : International Monetary Fund
- ISBN : 9781484330104
- Genre : Business & Economics
- Total Page : 47 pages
- Language : English
- PDF File Size : 17,9 Mb
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