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When Do Special Interests Run Rampant
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Book Synopsis When Do Special Interests Run Rampant? by : Philip Keefer
Download or read book When Do Special Interests Run Rampant? written by Philip Keefer and published by World Bank Publications. This book was released on 2001 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government responses to banking crises are less likely to favor special interest groups when elections are near, voters are better informed about the costs of inefficient government decisions, and governments have multiple veto players. Keefer investigates the political determinants of government decisions that benefit special interest groups, especially government decisions to deal with banking crises. He finds that the better informed the voters, the more proximate elections, and the larger the number of political veto players (conditional on the costs to voters of relevant policy decisions), the smaller the government's fiscal transfers are to the financial sector and the less likely the government is to exercise forbearance in dealing with insolvent financial institutions.
Book Synopsis When Do Special Interests Run Rampant? Disentangling the Role of Elections, Incomplete Information and Checks and Balances in Banking Crises by : Philip Keefer
Download or read book When Do Special Interests Run Rampant? Disentangling the Role of Elections, Incomplete Information and Checks and Balances in Banking Crises written by Philip Keefer and published by . This book was released on 2016 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government responses to banking crises are less likely to favor special interest groups when elections are near, voters are better informed about the costs of inefficient government decisions, and governments have multiple veto players.Keefer investigates the political determinants of government decisions that benefit special interest groups - especially government decisions to deal with banking crises. He finds that the better informed the voters, the more proximate elections, and the larger the number of political veto players (conditional on the costs to voters of relevant policy decisions), the smaller the government's fiscal transfers are to the financial sector and the less likely the government is to exercise forbearance in dealing with insolvent financial institutions.The results suggest that policies that might be appropriate for mitigating banking crises in the United States might be less effective in settings where voters are less informed, where elections are less competitive, and where there are fewer veto players, because in these settings checks and balances are missing. These policies include:ʼn Disseminating information about the costs of inefficient government decisions.ʼn Improving the structure of legislative regulatory oversight.ʼn Intervening early in insolvent banks.Keefer concludes that the more veto players there are, the less likely policies are to favor special interest groups (contrary to previous views). Moreover, the closer the elections, the less likely policies are to favor special interest groups.This paper - a product of Regulation and Competition Policy, Development Research Group - is part of a larger effort in the group to explore the policy consequences of political and social institutions.
Book Synopsis When Do Special Interests Run Rampant? Disentangling the Role in Banking Crises of Elections, Incomplete Information, and by : Philip Keefer
Download or read book When Do Special Interests Run Rampant? Disentangling the Role in Banking Crises of Elections, Incomplete Information, and written by Philip Keefer and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: February 2001 Government responses to banking crises are less likely to favor special interest groups when elections are near, voters are better informed about the costs of inefficient government decisions, and governments have multiple veto players. Keefer investigates the political determinants of government decisions that benefit special interest groups--especially government decisions to deal with banking crises. He finds that the better informed the voters, the more proximate elections, and the larger the number of political veto players (conditional on the costs to voters of relevant policy decisions), the smaller the government's fiscal transfers are to the financial sector and the less likely the government is to exercise forbearance in dealing with insolvent financial institutions. The results suggest that policies that might be appropriate for mitigating banking crises in the United States might be less effective in settings where voters are less informed, where elections are less competitive, and where there are fewer veto players, because in these settings checks and balances are missing. These policies include: * Disseminating information about the costs of inefficient government decisions. * Improving the structure of legislative regulatory oversight. * Intervening early in insolvent banks. Keefer concludes that the more veto players there are, the less likely policies are to favor special interest groups (contrary to previous views). Moreover, the closer the elections, the less likely policies are to favor special interest groups. This paper--a product of Regulation and Competition Policy, Development Research Group--is part of a larger effort in the group to explore the policy consequences of political and social institutions. The author may be contacted at [email protected].
Book Synopsis International Dictionary of Public Management and Governance by : Gambhir Bhatta
Download or read book International Dictionary of Public Management and Governance written by Gambhir Bhatta and published by M.E. Sharpe. This book was released on 2005 with total page 712 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Concepts, theories and vocabulary from many areas of theory and practice including law, economics, management, politics, psychology, and military planning." - book review.
Book Synopsis Dangerous Democracy? by : Larry Sabato
Download or read book Dangerous Democracy? written by Larry Sabato and published by Rowman & Littlefield. This book was released on 2001 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Direct democracy is growing in the form of statewide ballot initiatives. This work assesses the health of the intitiative process through the insights of initiative scholars, journalists, and political consultants across America.
Book Synopsis The Tax Reform Act of 1986 by : United States. Congress. Joint Economic Committee
Download or read book The Tax Reform Act of 1986 written by United States. Congress. Joint Economic Committee and published by . This book was released on 1987 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Message of Governor T.M. Campbell to the Thirty-first Legislature of Texas by : Texas. Governor (1907-1911 : Campbell)
Download or read book Message of Governor T.M. Campbell to the Thirty-first Legislature of Texas written by Texas. Governor (1907-1911 : Campbell) and published by . This book was released on 1909 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Gone with a Windfall by : Markose Abraham
Download or read book Gone with a Windfall written by Markose Abraham and published by Notion Press. This book was released on with total page 459 pages. Available in PDF, EPUB and Kindle. Book excerpt: "GONE WITH A WINDFALL is the portrayal of a political affair in high places. The summer of 2012 finds Queeny, the favorite 40-year-old poet senator- daughter of the chairman of the Democratic Progressive Party (DPP) headquartered in Indiana, USA, rather piqued. Pitted against the sibling rivalry of her brothers in pursuit of political inheritance in a small but vital party- the young congresswoman who is caught in the vise of tricky politics and engulfing romance has to manipulate her way up the corridors of power in Capitol Hill, Washington D.C. The kickbacks of US $50 million the female lawmaker is alleged to have received from the man she has catapulted to the high political office of Telecom Secretary in the US Government flies in her face. Greed, the ill-gotten windfall, propels her to her doom. How would America react to her extra-marital relationship in the middle of a political election? It’s a thriller that keeps the readers on the seat’s edge…"
Book Synopsis Congressional Record by : United States. Congress
Download or read book Congressional Record written by United States. Congress and published by . This book was released on 1969 with total page 1322 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The MacArthur New Testament Commentary Set of 31 volumes by : John F MacArthur
Download or read book The MacArthur New Testament Commentary Set of 31 volumes written by John F MacArthur and published by Moody Publishers. This book was released on 2011-02-21 with total page 12103 pages. Available in PDF, EPUB and Kindle. Book excerpt: This set includes the entire collection of the MacArthur New Testament Commentary series: Matthew 1-7, Matthew 8-15, Matthew 16-23, Matthew 24-28, Luke 1-5, Luke 6-10, Luke 11-17, Luke 18-24, John 1-11, John 12-21, Acts 1-12, Acts 13-28, Romans 1-8, Romans 9-16, 1 Corinthians, 2 Corinthians, Galatians, Ephesians, Philippians, Colossians & Philemon, 1 & 2 Thessalonians, 1 Timothy, 2 Timothy, Titus, Hebrews, James, 1 Peter, 2 Peter & Jude, 1-3 John, Revelation 1-11, and Revelation 12-22. The MacArthur New Testament Commentary series continues to be one of today's top-selling commentary series. These commentaries from respected Bible scholar and preacher John MacArthur give a verse-by-verse analysis in context and provide points of application for passages, illuminating the biblical text in practical and relevant ways.
Download or read book Scopophilia written by Selby Parker and published by Wipf and Stock Publishers. This book was released on 2018-04-03 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selby Parker’s novel is a shocking and imaginative tale of murder, mayhem, and out-of-body fantasies, filled with plot twists and provocative issues that tear at the fabric of three families who become involved with a New York psychiatrist. A rich Jewish widow recovering from a failed marriage, a Vietnam veteran who suffers night terrors, and a successful Jewish businessman who learns that his mother was a mistress to a Cuban mobster all make for interesting clients, whilst endangering the psychiatrist’s life. The soldier’s dreams reveal him to be the reincarnation of Prince Albert Victor, the grandson of Queen Victoria. His lurid tale under hypnosis reveals the culpable parties in the unsolved Jack the Ripper murders in London’s White Chapel. Rich with descriptive details of London, San Francisco, and Sicily, the novel offers gritty realism, powerful characters, and historical fantasy all woven together in a common thread.
Book Synopsis Education as a Social Institution and Ideological Process by : Mbukeni Herbert Mnguni
Download or read book Education as a Social Institution and Ideological Process written by Mbukeni Herbert Mnguni and published by Waxmann Verlag. This book was released on with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa and particularly South Africa is in a stage of creating an inclusive education system. It is a necessary starting point to first recognize the voices of those who are excluded and marginalized, and then to develop strategies which will ensure their inclusion.
Book Synopsis The World Bank Research Observer by :
Download or read book The World Bank Research Observer written by and published by . This book was released on 2010-02 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Stealth Democracy by : John R. Hibbing
Download or read book Stealth Democracy written by John R. Hibbing and published by Cambridge University Press. This book was released on 2002-08-29 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Americans often complain about the operation of their government, but scholars have never developed a complete picture of people's preferred type of government. In this provocative and timely book, Hibbing and Theiss-Morse, employing an original national survey and focus groups, report the governmental procedures Americans desire. Contrary to the prevailing view that people want greater involvement in politics, most citizens do not care about most policies and therefore are content to turn over decision-making authority to someone else. People's wish for the political system is that decision makers be empathetic and, especially, non-self-interested, not that they be responsive and accountable to the people's largely nonexistent policy preferences or, even worse, that the people be obligated to participate directly in decision making. Hibbing and Theiss-Morse conclude by cautioning communitarians, direct democrats, social capitalists, deliberation theorists, and all those who think that greater citizen involvement is the solution to society's problems.
Book Synopsis Journal of the Senate of Texas ... by : Texas. Legislature. Senate
Download or read book Journal of the Senate of Texas ... written by Texas. Legislature. Senate and published by . This book was released on 1909 with total page 1668 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Random Musings of a Contented Old Man by : D. Larry Gregg
Download or read book Random Musings of a Contented Old Man written by D. Larry Gregg and published by Covenant Books, Inc.. This book was released on 2022-05-25 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing upon his broad range of experience in the local church, academic classroom, and direct engagement with the larger world, the author reflects devotionally upon contemporary Christian living. Creatively using the tools of life experience, natural surroundings, biblical texts, humorous anecdotes, and prayer, he challenges the reader to stretch his/her imagination and deepen their sensitivity to the “still, small voice” of God.
Book Synopsis Curbing Bailouts by : Guillermo Rosas
Download or read book Curbing Bailouts written by Guillermo Rosas and published by University of Michigan Press. This book was released on 2009-09-08 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Rosas's compelling theory and wide-ranging empirical evidence yield a persuasive but surprising conclusion in light of the financial meltdown of 2008–9. In the event of banking crises, not only do elected governments treat taxpayers better and force bankers and their creditors to pay more for their mistakes, but bankers in democracies are more prudent as a consequence . . . essential reading for all interested in the political economy of crisis and in the future of banking regulation." ---Philip Keefer, Lead Economist, Development Research Group, The World Bank "Rosas convincingly demonstrates how democratic accountability affects the incidence and resolution of banking crises. Combining formal models, case studies, and cutting-edge quantitative methods, Rosas's book represents a model for political economy research." ---William Bernhard, Professor, Department of Political Science, University of Illinois "When the financial crises of the 1990s hit Asia, Russia, and Latin America, the U.S. scolded them about the moral hazard problems of bailing out the banks. Now, the shoe is on the other foot, with the U.S. struggling to manage an imploding financial sector. Rosas's study of bank bailouts could not be more timely, providing us with both a framework for thinking about the issue and some sobering history of how things go both right and badly wrong. Democratic accountability proves the crucial factor in making sure bailouts are fair, a point that is as relevant for U.S. policy as for an understanding of the emerging markets." ---Stephan Haggard, Krause Professor, Graduate School of International Relations and Pacific Studies, University of California, San Diego Banking crises threaten the stability and growth of economies around the world. In response, politicians restore banks to solvency by redistributing losses from bank shareholders and depositors to taxpayers, and the burden the citizenry must bear varies from case to case. Whereas some governments stay close to the prescriptions espoused by Sir Walter Bagehot in the nineteenth century that limit the costs shouldered by taxpayers, others engage in generous bank bailouts at great cost to society. What factors determine a government's response? In this comparative analysis of late-twentieth-century banking crises, Guillermo Rosas identifies political regime type as the determining factor. During a crisis, powerful financial players demand protection of their assets. Rosas maintains that in authoritarian regimes, government officials have little to shield them from such demands and little incentive for rebuffing them, while in democratic regimes, elected officials must weigh these demands against the interests of the voters---that is, the taxpayers. As a result, compared with authoritarian regimes, democratic regimes show a lower propensity toward dramatic, costly bailouts. Guillermo Rosas is Assistant Professor in the Department of Political Science and Fellow at the Center in Political Economy at Washington University in St. Louis.
