Landed Interests and Financial Underdevelopment in the United States
---- Acknowledgements -----
We thank Daron Acemoglu, Lakshmi Aiyar, Shawn Cole, Stijn Claessens, Oded Galor, Mark Rosenzweig,Jeremy Stein, as well as participants in seminars at the IMF, the NBER Political Economy, Corporate Finance,and Growth Workshops, Northwestern University, the University of Chicago and the WFA Meetings for comments. Rajan benefited from grants from the Stigler Center for the Study of the State and the Economy,from the Inititiative on Global Markets, and from the National Science Foundation. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.