Plausibly Exogenous [1624] - Banking (07/14/2024)

LHS Variable
Economic growth

RHS Variable
Banking

Source of Exogenous Variation
Regional banking variation induced by the creation of "specialized banks" (spetsbanks) in the last years of the Soviet Union (1988-1991)

- Berkowitz, Hoekstra, and Schoors (2012), “Does finance cause growth? Evidence from the origins of banking in Russia”