When do special interests run rampant? disentangling the role of elections, incomplete information, and checks and balances in banking crises

Government responses to banking crises are less likely to favor special interest groups when elections are near, voters are better informed about the costs of inefficient government decisions, and governments have multiple veto players. Keefer investigates the political determinants of government de...

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1. Verfasser: Keefer, Philip (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C World Bank, Development Research Group, Regulation and Competition Policy 2001
Schriftenreihe:Policy research working paper 2543
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spelling Keefer, Philip Verfasser aut
When do special interests run rampant? disentangling the role of elections, incomplete information, and checks and balances in banking crises Philip Keefer
Washington, D.C World Bank, Development Research Group, Regulation and Competition Policy 2001
1 Online-Ressource
txt rdacontent
c rdamedia
cr rdacarrier
Policy research working paper 2543
"February 2001"--Cover
Includes bibliographical references (p. 45-47)
Title from title screen as viewed on Sept. 18, 2002
Government responses to banking crises are less likely to favor special interest groups when elections are near, voters are better informed about the costs of inefficient government decisions, and governments have multiple veto players. Keefer investigates the political determinants of government decisions that benefit special interest groups, especially government decisions to deal with banking crises. He finds that the better informed the voters, the more proximate elections, and the larger the number of political veto players (conditional on the costs to voters of relevant policy decisions), the smaller the government's fiscal transfers are to the financial sector and the less likely the government is to exercise forbearance in dealing with insolvent financial institutions
Online-Ausg Also available in print
Banks and banking Political aspects Mathematical models
Financial crises Mathematical models
Fiscal policy Mathematical models
World Bank Development Research Group Regulation and Competition Policy oth
Keefer, Philip When do special interests run rampant?
http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2543 Verlag URL des Erstveröffentlichers Volltext
spellingShingle Keefer, Philip
When do special interests run rampant? disentangling the role of elections, incomplete information, and checks and balances in banking crises
Banks and banking Political aspects Mathematical models
Financial crises Mathematical models
Fiscal policy Mathematical models
title When do special interests run rampant? disentangling the role of elections, incomplete information, and checks and balances in banking crises
title_auth When do special interests run rampant? disentangling the role of elections, incomplete information, and checks and balances in banking crises
title_exact_search When do special interests run rampant? disentangling the role of elections, incomplete information, and checks and balances in banking crises
title_exact_search_txtP When do special interests run rampant? disentangling the role of elections, incomplete information, and checks and balances in banking crises
title_full When do special interests run rampant? disentangling the role of elections, incomplete information, and checks and balances in banking crises Philip Keefer
title_fullStr When do special interests run rampant? disentangling the role of elections, incomplete information, and checks and balances in banking crises Philip Keefer
title_full_unstemmed When do special interests run rampant? disentangling the role of elections, incomplete information, and checks and balances in banking crises Philip Keefer
title_short When do special interests run rampant?
title_sort when do special interests run rampant disentangling the role of elections incomplete information and checks and balances in banking crises
title_sub disentangling the role of elections, incomplete information, and checks and balances in banking crises
topic Banks and banking Political aspects Mathematical models
Financial crises Mathematical models
Fiscal policy Mathematical models
topic_facet Banks and banking Political aspects Mathematical models
Financial crises Mathematical models
Fiscal policy Mathematical models
url http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2543
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