Journal
REVIEW OF FINANCE
Volume 23, Issue 1, Pages 37-74Publisher
OXFORD UNIV PRESS
DOI: 10.1093/rof/rfy015
Keywords
Financial crisis; Politicians; Personal wealth; Voting in US Congress
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Funding
- European Commission Research Training Network INTACCT [MRTN-CT-2006-035850]
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We examine whether there is a correlation between personal wealth interests of politicians and their decisions to intervene in the economy. We use the setting of the government's support of financial institutions under the 2008 Emergency Economic Stabilization Act. We find that the personal wealth interests of politicians are positively associated with voting in favor of the EESA.
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