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dc.contributor.author | Doerr, Sebastian |
dc.contributor.author | Gissler, Stefan |
dc.contributor.author | Peydró, José-Luis |
dc.contributor.author | Voth, Hans-Joachim |
dc.contributor.other | Universitat Pompeu Fabra. Departament d'Economia i Empresa |
dc.date.accessioned | 2020-05-25T09:26:45Z |
dc.date.available | 2020-05-25T09:26:45Z |
dc.date.issued | 2018-03-01 |
dc.identifier | https://econ-papers.upf.edu/ca/paper.php?id=1651 |
dc.identifier.citation | |
dc.identifier.uri | http://hdl.handle.net/10230/44685 |
dc.description.abstract | Do financial crises radicalize voters? We study Germanyâ s banking crisis of 1931, when two major banks collapsed and voting for radical parties soared. We collect new data on bank branches and firm-bank connections of 5,610 firms. Incomes plummeted in cities affected by the bank failures; connected firms curtailed payrolls. Nazi votes surged in locations exposed to Danatbank, led by a Jewish manager â but not in those suffering from the other bankâ s failure. Unobservables or pre-trends do not explain the results. Danatbankâ s collapse boosted Nazi support, especially in cities with deep-seated anti-Semitism, suggesting a synergy between cultural and economic channels. |
dc.format.mimetype | application/pdf |
dc.language.iso | eng |
dc.relation.ispartofseries | Economics and Business Working Papers Series; 1651 |
dc.rights | L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ |
dc.title | From finance to fascism |
dc.title.alternative | |
dc.type | info:eu-repo/semantics/workingPaper |
dc.date.modified | 2020-05-25T09:25:56Z |
dc.subject.keyword | financial crises |
dc.subject.keyword | banking |
dc.subject.keyword | great depression |
dc.subject.keyword | democracy |
dc.subject.keyword | anti-semitism |
dc.subject.keyword | Macroeconomics and International Economics |
dc.rights.accessRights | info:eu-repo/semantics/openAccess |