Bank lobbying can distort regulatory decisions by introducing private incentives into the decision-making process. Regulators are criticised for serving both their own interests, and those of the banks they regulate,…
The aftermath of the financial crisis revealed failures and gaps in regulatory actions. In particular, regulators have been criticized for serving special interests—not only of the banks they regulate but…
In a recent survey of the literature on the political economy of finance (available here), we argue that understanding the evolution and functioning of financial systems cannot be fully appreciated…
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