Bank Failures and Elite Democratic Consent an Exploration with Individual Panel Data

• In Event: Crises and their Consequences

Brief Overview

We provide individual-level evidence from the Interwar Period that shows that individual elites’ exposure to financial shocks during the 1930s caused the abandonment of democratic consent.

Authors

• Francesc Amat, University of Barcelona

• Pau Vall-Prat, University Carlos III of Madrid