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来源类型Working Paper
规范类型报告
DOI10.3386/w17266
来源IDWorking Paper 17266
Constituencies and Legislation: The Fight over the McFadden Act of 1927
Raghuram G. Rajan; Rodney Ramcharan
发表日期2011-08-04
出版年2011
语种英语
摘要The McFadden Act of 1927 was one of the most hotly contested pieces of legislation in U.S. banking history, and its influence was felt over half a century later. This paper studies the Congressional voting behavior surrounding the Act’s passage. We find congressmen in districts in which landholdings were concentrated, and credit costlier were significantly more likely to oppose the act. The evidence suggests that while the law and the overall regulatory structure can shape the financial system far into the future, they themselves are likely to be shaped by elites, even in countries with benign political institutions.
主题Financial Economics ; Financial Institutions ; Other ; Law and Economics ; History ; Financial History
URLhttps://www.nber.org/papers/w17266
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/574941
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Raghuram G. Rajan,Rodney Ramcharan. Constituencies and Legislation: The Fight over the McFadden Act of 1927. 2011.
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