Plausibly Exogenous [1277] - Bank Runs (08/01/2023)
LHS Variable
Central bank retail deposits
RHS Variable
Runs on uninsured bank deposits
Source of Exogenous Variation
A measure of "electoral surprise" for the April 1931 local elections that resulted in the unexpected proclamation of the Second Spanish Republic to instrument the shock to banks at the city level
- Jorge-Sotelo (2023), “Central Bank Retail Deposits and Bank Runs: Evidence From City-Level Panel Data in Spain, 1922–1934”