The Politics of Financial Development: Evidence from Trade Liberalization

Incumbents in various industries have different incentives to promote or oppose financial development. Changes in the relative strength of promoter and opponent industries thus result in changes in the political equilibrium level of financial development. We conduct an event study using a sample of...

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Bibliographic Details
Main Authors: Braun, Matias, Raddatz, Claudio
Format: Journal Article
Language:EN
Published: 2012
Subjects:
Online Access:http://hdl.handle.net/10986/5446