Plausibly Exogenous [812] - Loan Contracts (04/09/2022)
LHS Variable
Strictness of the loan contract
RHS Variable
Lender-specific shocks
Source of Exogenous Variation
Variation in recent default experience as a potential shock to the contracting lender
- Murfin (2012), “The Supply-Side Determinants of Loan Contract Strictness”