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Financial Sector Regulation and the Revolving Door in US Commercial Banks

Author

Listed:
  • Elise S. Brezis

    () (Bar-Ilan University)

  • Joël Cariolle

Abstract

The “revolving door” is a practice quite widely in use in the United States, in which heads of state agencies, after completing their bureaucratic terms, are entering the very sector they have regulated.This phenomenon is also frequent in France, where it is coined “pantouflage”, and in Japan, coined “amakudari” (descent from heaven). Research conducted and data collected by the research group Corporate Europe Observatory strongly suggest that this process is also significant within EU institutions.

Suggested Citation

  • Elise S. Brezis & Joël Cariolle, 2016. "Financial Sector Regulation and the Revolving Door in US Commercial Banks," Working Papers 2016-03, Bar-Ilan University, Department of Economics.
  • Handle: RePEc:biu:wpaper:2016-03
    as

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    References listed on IDEAS

    as
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    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • K2 - Law and Economics - - Regulation and Business Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • L5 - Industrial Organization - - Regulation and Industrial Policy

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