Plausibly Exogenous [785] - Anti-Money Laundering (03/14/2022)
LHS Variable
Real economic outcomes
RHS Variable
Bank composition
Source of Exogenous Variation
Shifts in regulatory environment (tightening of anti-money laundering (AML) enforcement) that imposed disproportionate costs on small banks
- Agca, Slutzky, and Zueme (2021), “Anti-Money Laundering Enforcement, Banks, and the Real Economy”