The risk of lending money collected from savers is that it leaves banks liable to default with depositors if events (and hence repayment demands) become "abnormal". Even though international and national regulation has been introduced to ensure that a certain level of capital is retained by...

Survey experiments are an important tool to measure policy preferences. Researchers often rely on the random assignment of policy attribute levels to estimate different types of average marginal effects. Yet, researchers are often interested in how respondents trade-off different policy...