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The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s
Calomiris, Charles W. - 2012
effects of RFC assistance on bank survival. We find that the loan program had no statistically significant effect on the … of increasing the indebtedness of financial institutions and subordinating bank depositors. We find that RFC's purchases … of preferred stock - which did not increase indebtedness or subordinate depositors - increased the chances that a bank …
Persistent link: https://www.econbiz.de/10012460233
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Sizing up Corporate Restructuring in the COVID Crisis
Greenwood, Robin - 2020
In the wake of the COVID-19 pandemic, the financial and legal system will need to deal with a surge of financial distress in the business sector. Some firms will be able to survive, while others will face bankruptcy and thus need to be liquidated or reorganized. Many surviving firms will need to...
Persistent link: https://www.econbiz.de/10012482323
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The Impact of the COVID-19 Pandemic and Policy Response on Health Care Utilization : Evidence from County-level Medical Claims and Cellphone data
Cantor, Jonathan H. - 2020
The COVID-19 pandemic has forced federal, state and local policymakers to respond by legislating, enacting, and enforcing social distancing policies. However, the impact of these policies on healthcare utilization in the United States has been largely unexplored. We examine the impact of...
Persistent link: https://www.econbiz.de/10012482350
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Who Supplies PPP Loans (And Does it Matter)? Banks, Relationships and the COVID Crisis
Li, Lei - 2020
We analyze bank supply of credit under the Paycheck Protection Program (PPP). The literature emphasizes relationships … supply reflects traditional measures of relationship lending: decreasing in bank size; increasing in prior experience, in … commitment lending, and in core deposits. Our results suggest a new benefit of bank relationships, as they help firms access …
Persistent link: https://www.econbiz.de/10012482504
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Testing Macroprudential Stress Tests : The Risk of Regulatory Risk Weights
Acharya, Viral V. - 2013
Macroprudential stress tests have been employed by regulators in the United States and Europe to assess and address the solvency condition of financial firms in adverse macroeconomic scenarios. We provide a test of these stress tests by comparing their risk assessments and outcomes to those from...
Persistent link: https://www.econbiz.de/10012459694
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Disease, Downturns, and Wellbeing : Economic History and the Long-Run Impacts of COVID-19
Arthi, Vellore - 2020
How might COVID-19 affect human capital and wellbeing in the long run? The COVID-19 pandemic has already imposed a heavy human cost--taken together, this public health crisis and its attendant economic downturn appear poised to dwarf the scope, scale, and disruptiveness of most modern pandemics....
Persistent link: https://www.econbiz.de/10012481108
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Income and Poverty in the COVID-19 Pandemic
Han, Jeehoon - 2020
This paper addresses the economic impact of the COVID-19 pandemic by providing timely and accurate information on the impact of the current pandemic on income and poverty to inform the targeting of resources to those most affected and assess the success of current efforts. We construct new...
Persistent link: https://www.econbiz.de/10012481277
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Electoral Concerns Reduce Restrictive Measures During the COVID-19 Pandemic
Pulejo, Massimo - 2020
The outbreak of COVID-19 has called for swift action by governments, often involving the adoption of restrictive measures such as lockdowns. In this context, leaders have faced a trade-off between imposing stringent measures to limit the contagion, and minimizing the costs on their national...
Persistent link: https://www.econbiz.de/10012481354
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Unintended Consequences of Lockdowns : COVID-19 and the Shadow Pandemic
Ravindran, Saravana - 2020
Violence against women is a problem worldwide, with economic costs ranging from 1-4% of global GDP. Using variation in the intensity of government-mandated lock-downs in India, we show that domestic violence complaints increase 0.47 SD in districts with the strictest lockdown rules. We find...
Persistent link: https://www.econbiz.de/10012481417
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Economic Uncertainty Before and During the COVID-19 Pandemic
Altig, David - 2020
We consider several economic uncertainty indicators for the US and UK before and during the COVID-19 pandemic: implied stock market volatility, newspaper-based economic policy uncertainty, twitter chatter about economic uncertainty, subjective uncertainty about future business growth, and...
Persistent link: https://www.econbiz.de/10012481613