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...
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INFORMATION
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2010/06/01
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Article de revue
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77637
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1
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1
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2013/05/28
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Disclosed
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Banking on politics : when former high-ranking politicians become bank directors
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Macroeconomics & Growth
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