Buchak, Greg; Matvos, Gregor; Piskorski, Tomasz; Seru, Amit - National Bureau of Economic Research - 2024
, and discusses their implications for the financial system and regulation. We document that the balance sheet share of … account for changes in aggregate lending quantities. Savers, rather than borrowers, are the main drivers of bank balance sheet … size. Implicit banks' costs and subsidies explain shifting bank balance sheet composition. Together, these forces explain …