The International Conference on Tourism and Business is a scientific conference about practical research. The conference is an opportunity for academics, consultants, and professionals to present their research and practical experiences in the tourism and hospitality sectors. The general topics...

Co-authors: Domenico Giannone (Amazon.com) and Anna Kovner (Federal Reserve Bank of New York) We study the relationship between bank capital ratios and the distribution of future real GDP growth. Growth in the aggregate bank capital ratio corresponds to a smaller left tail of GDP—smaller...