Bordo, Michael D.; Duca, John V. - 2018
compliance requirements needed to make business loans and operate a bank, the DFA disproportionately reduced the incentives for … passed in 2010, with the magnitude of the decline twice as large at small banks. Controlling for cyclical effects and bank … tightening of bank credit standards on C&I loans to small versus large firms, consistent with the DFA inducing a decline in small …