It takes the average reader and 48 minutes to read Winning Connections? Special Interests and the Sale of Failed Banks by Ms.Deniz O Igan
Assuming a reading speed of 250 words per minute. Learn more
We study how lobbying affects the resolution of failed banks, using a sample of FDIC auctions between 2007 and 2014. We show that bidding banks that lobby regulators have a higher probability of winning an auction. In addition, the FDIC incurs higher costs in such auctions, amounting to 16.4 percent of the total resolution losses. We also find that lobbying winners have worse operating and stock market performance than their non-lobbying counterparts, suggesting that lobbying results in a less efficient allocation of failed banks. Our results provide new insights into the bank resolution process and the role of special interests.
Winning Connections? Special Interests and the Sale of Failed Banks by Ms.Deniz O Igan is 47 pages long, and a total of 12,079 words.
This makes it 16% the length of the average book. It also has 15% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 6 minutes to read Winning Connections? Special Interests and the Sale of Failed Banks aloud.
Winning Connections? Special Interests and the Sale of Failed Banks is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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