| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22806 |
| 来源ID | Working Paper 22806 |
| Political Borders and Bank Lending in Post-Crisis America | |
| Matthieu Chavaz; Andrew K. Rose | |
| 发表日期 | 2016-11-14 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We use spatial discontinuities associated with congressional district borders to identify the effect of political influences on American banks’ lending. We show that recipients of the 2008 public capital injection program (TARP) increased mortgage and small business lending by 23% to 60% more in areas located inside their home-representative’s district than elsewhere. The impact is stronger if the representative supported the TARP in Congress, was subsequently re-elected, and received more political contributions from the financial industry. Together, these results suggest that political considerations influence credit allocation in a politically mature system like the United States without the formal possibility of political interference in lending decisions, and that this influence is larger if the flows between banks and politicians are reciprocal. |
| 主题 | International Economics ; International Finance ; Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w22806 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580484 |
| 推荐引用方式 GB/T 7714 | Matthieu Chavaz,Andrew K. Rose. Political Borders and Bank Lending in Post-Crisis America. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22806.pdf（693KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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