Benmelech, Efraim; Agarwal, Sumit; Bergman, Nittai; … - National Bureau of Economic Research (NBER) - 2012
Yes, it did. We use exogenous variation in banks' incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares lending behavior of banks undergoing CRA exams...