The Political Economy of Finance

By M. Pagano, Paolo F. Volpin. 2001

368 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b80c15c7afbd7b18e5878253b9572926b6978924

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Citations in the corpus

Bank Competition and Financial Stability : Friends or Foes? (2008, background): “Specifically, researchers often use the z-score, which is the sum of capital-asset ratio and return on assets, weighted by the standard deviation of return on 2 See also Caprio and Klingebiel (1999). assets (Boyd, de Nicoló and Jalal, 2006).”
Does External Trade Promote Financial Development (2005, neutral): “[48] Pagano, M.”
Natural resources, financial development and institutional quality in Africa: Is there a resource curse? (2018, background): “Other studies (Pagano and Volpin, 2001; Rajan and Zingales, 2003; Beck et al., 2003) also highlight the role of political intervention and institutions in financial development.”
Dialogue on `Institutional complementarity and political economy` (2005, background): “…of corporate governance, which are said by Hall and Soskice (2001) and many others such as Crouch and Streeck (1997) to enhance aggregate economic performance, are said by others to damage aggregate performance and simply deliver rents to specific groups of actors (cf. Pagano and Volpin, 2001).”
A Theory of Pyramidal Ownership and Family Business Groups (2005, background): “for favors ( Pagano and Volpin, 2001 ).9 Such political economy arguments suggest that business”
Should Business Groups be Dismantled? The Equilibrium Costs of Efficient Internal Capital Markets (2006, positive): “Recent literature suggests that investor protection and other important institutional variables are partly determined by a country’s political processes (Pagano and Volpin, 2001, 2005; Rajan and Zingales, 2003).”
Political Institutions and Financial Development: An Empirical Study (2010, background): “The recently developed “new political economy” approach regards “regulation and its enforcement as a result of the balance of power between social and economic constituencies” (Pagano & Volpin, 2001).”
Finance, Financial Sector Policies, and Long-Run Growth (2008, background): “Haber (2004), Pagano and Volpin (2001), Rajan and Zingales (2003) focus on how political economy forces shape national policies toward financial development and influence and change the political power of entrenched incumbents.”
A Law and Finance Analysis of Initial Public Offerings (2004, positive): “In fact, political indicators and measures of openn seem to have as good and sometimes even better predictive power of ownership con tion than purely legal variables(Pagano and Volpin, 2001).”
Law and Firms' Access to Finance (2004, background): “In contrast to the contention that legal origin shapes judicial independence and hence a 7 country’s approach to private property, Pagano and Volpin (2001) and Rajan and Zingales (2003) contend that the comparative powers of different political interest groups, which are likely to vary over time,…”
The History of Corporate Ownership in Italy (2003, neutral): “Pagano and Volpin (2001) and Bias and Perotti (2002) argue that state intervention in the economy should be negatively correlated with financial development, because the state acts as a substitute for financial markets.”