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The Effects of Reconstruction Finance Corporation Assistance on Michigan's Banks' Survival in the 1930s
Calomiris, Charles W. - 2012
bank failure rates in Michigan during the period 1932-1934, which includes the important Michigan banking crisis of early … purchases (the policy tool employed after March 1933) on bank failure rates. Our estimates treat the receipt of RFC assistance … assistance that are not directly related to failure risk) for analyzing the effects of RFC assistance on bank survival. We find …
Persistent link: https://www.econbiz.de/10013100128
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Sizing Up Corporate Restructuring in the Covid Crisis
Greenwood, Robin M.; Iverson, Benjamin Charles; … - 2021
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/10013233034
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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; Sood, Neeraj; Bravata, Dena; Pera, Megan - 2021
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/10013228255
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Who Supplies PPP Loans (and Does it Matter)? Banks, Relationships and the Covid Crisis
Li, Lei; Strahan, Philip E. - 2021
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/10013251797
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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/10013083085
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Effects of the Covid-19 Pandemic on Outpatient Providers in the Us
Chatterji, Pinka - 2020
There is growing concern that the COVID-19 pandemic may have severe, adverse effects on the health care sector, a sector of the economy that historically has been somewhat shielded from the business cycle. In this paper, we study one aspect of this issue by estimating the magnitude of the...
Persistent link: https://www.econbiz.de/10012833748
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Effect of a Federal Paid Sick Leave Mandate on Working and Staying at Home During the Covid-19 Pandemic : Evidence from Cellular Device Data
Andersen, Martin - 2020
We study the effects of the temporary federal paid sick leave mandate that became effective April 1st, 2020 on ‘social distancing,' as proxied by individuals' physical mobility behavior gleaned from cellular devices. The national paid leave policy was implemented in response to the COVID-19...
Persistent link: https://www.econbiz.de/10012834401
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Covid-19 and the Welfare Effects of Reducing Contagion
Pindyck, Robert S. - 2020
I use a simple SIR model, augmented to include deaths, to elucidate how pandemic progression is affected by the control of contagion, and examine the key trade-offs that underlie policy design. I illustrate how the cost of reducing the "reproduction number" R0 depends on how it changes the...
Persistent link: https://www.econbiz.de/10012834465
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Economic Policy Incentives to Preserve Lives and Livelihoods
Chang, Roberto - 2020
The Covid-19 pandemic has motivated a myriad of studies and proposals on how economic policy should respond to this colossal shock. But in this debate it is seldom recognized that the health shock is not entirely exogenous. Its magnitude and dynamics themselves depend on economic policies, and...
Persistent link: https://www.econbiz.de/10012836417
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Firm-Level Exposure to Epidemic Diseases : Covid-19, Sars, and H1n1
Hassan, Tarek Alexander - 2020
epidemic diseases raised in their quarterly earnings conference calls. We construct text-based measures of the costs, benefits …, and risks listed firms in the US and over 80 other countries associate with the spread of Covid-19 and other epidemic … diseases. We identify which firms and sectors expect to lose/gain from a given epidemic and which are most affected by the …
Persistent link: https://www.econbiz.de/10012837193