Tran, Dung; Alam, Ahmed W.; Hassan, M. Kabir; Pezzo, Luca; … - 2022
We empirically examine the impact of economic policy uncertainty (EPU) on banks’ funding structure (FUD). Using an extensive dataset of U.S. bank holding companies, we find that high policy uncertainty strengthens banks’ FUD. For banks with a pre-existing low FUD, an increase in EPU raises...