Haku
Viitteet 11-20 / 20
Who profits from windfalls in oil tax revenue? Inequality, protests, and the role of corruption
(25.01.2022)
BOFIT Discussion Papers 2/2022
BOFIT Discussion Papers 2/2022
We investigate the relationship between oil windfalls and income inequality using the subnational data of one of the resource-richest and most unequal countries in the world – Russia. While previous literature produced ...
Elections hinder firms’ access to credit
(09.02.2022)
BOFIT Discussion Papers 3/2022
BOFIT Discussion Papers 3/2022
To analyze whether the occurrence of elections affects access to credit for firms, we perform an investigation using firm-level data covering 44 developed and developing countries. The results show that elections impair ...
Financial policymaking after crises : Public vs. private interests
(06.07.2021)
BOFIT Discussion Papers 10/2021
BOFIT Discussion Papers 10/2021
We first present a simple model of post-crisis policymaking driven by both public and private interests. Using a novel dataset covering 94 countries between 1973 and 2015, we then establish that financial crises can lead ...
Lending cycles and real outcomes : Costs of political misalignment
(21.01.2019)
BOFIT Discussion Papers 1/2019
BOFIT Discussion Papers 1/2019
We use data on the universe of credit in Turkey to document a strong political lending cycle. State-owned banks systematically adjust their lending around local elections compared with private banks in the same province. ...
Political connections and firm pollution behaviour : An empirical study
(27.02.2019)
BOFIT Discussion Papers 4/2019
BOFIT Discussion Papers 4/2019
A firm's top manager and a government official may be connected due to special circumstances. This social relationship or political connection may provide industrial polluters with protection or a “pollution shelter” which ...
Are some dictators more attractive to foreign investors?
(08.07.2019)
BOFIT Discussion Papers 12/2019
BOFIT Discussion Papers 12/2019
Since political uncertainty is greater in dictatorships than in democracies, we test the hypothesis that foreign investors scrutinize public information on dictators to assess this risk. In particular, we as-sume they use ...
The politics of bank failures in Russia
(13.09.2022)
BOFIT Discussion Papers 7/2022
BOFIT Discussion Papers 7/2022
Russia has witnessed a high number of bank failures over the last two decades. Using monthly data for 2002-2020, spanning four election cycles, we test the hypothesis that bank failures are less likely before presidential ...
The political globalisation trilemma revisited : An empirical assessment across countries and over time
(11.08.2020)
BOFIT Discussion Papers 19/2020
BOFIT Discussion Papers 19/2020
The political hyperglobalisation trilemma asserts that a government cannot simultaneously opt for deep international integration, national sovereignty and democratic politics, but rather is constrained to choosing two of ...
European banks are not immune to national elections
(29.02.2024)
BOFIT Discussion Papers 4/2024
BOFIT Discussion Papers 4/2024
We investigate whether European banks adjust their loan prices and volumes of new lending in the months running up to major national elections. Using a unique dataset that draws on data covering some 250 banks in 19 Eurozone ...
Political cycles of media repression
(31.05.2023)
BOFIT Discussion Papers 3/2023
BOFIT Discussion Papers 3/2023
ABSTRACT
We analyze media repression in Putin’s Russia (2004–2019), a smart dictatorship that mimics democratic institutions, notably relatively free elections, and a relatively free press. Drawing on a unique granular ...