Plausibly Exogenous [1713] - Market Discipline (10/11/2024)

LHS Variable
Market discipline

RHS Variable
Public guarantees

Source of Exogenous Variation
Variation in U.S. state guarantees of property-liability insurer obligations

- Deng, Leverty, Wunder, and Zanjani (2023), “Market Discipline and Government Guarantees: Evidence from the Insurance Industry”