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Research literature, 1 records found
Research literature 1 records found  
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28 p, 526.8 KB Bank funding and risk taking / Ferrari, Alessandro ; Garcia Galindo, Carmen ; Petricek, Matic ; Winkler, Andreas
In this paper we use a novel approach to address issues of endogeneity in estimating a causal effect of leverage on risk taking by banks. Using data on local bank office deposits and local unemployment we construct an instrument to use in a regression of leverage on a measure of risk taking constructed from new issuance of loans. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2018 (ADEMU Working Paper Series ; 123)  

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