Berger, Allen N.; Kyle, Margaret K.; Scalise, Joseph M. - Federal Reserve Board (Board of Governors of the … - 2000
We test three hypotheses regarding changes in supervisory "toughness" and their effects on bank lending. The data provide modest support for all three hypotheses that there was an increase in toughness during the credit crunch period (1989-1992), that there was a decline in toughness during the...