Plausibly Exogenous [1180] - Bank Lending (04/26/2023)
LHS Variable
Borrowers’ performance
RHS Variable
Adverse capital shock to banks
Source of Exogenous Variation
Exogenous shock to the U.S. banking system during the Russian crisis of Fall 1998 to separate the effect of borrowers' demand of credit from the supply of credit by the banks
- Chava and Purnanandam (2012), “The effect of banking crisis on bank-dependent borrowers”