Plausibly Exogenous [1626] - Liquidity Coverage Ratio (07/16/2024)

LHS Variable
Size of the non-bank lending sector

RHS Variable
Securitization

Source of Exogenous Variation
Introduction of the U.S. Liquidity Coverage Ratio (LCR)

- Gete and Reher (2021), “Mortgage securitization and shadow bank lending”