Gomez, Matthieu; Landier, Augustin; Sraer, David; … - 2016
. This analysis allows us to trace the impact of banks' income gap on firm borrowing capacity, investment and employment … policy shocks to bank lending and real activity. We first use a large panel of U.S. banks to show that the sensitivity of … derivatives. We then document that, in the cross-section of banks, income gap predicts the sensitivity of bank lending to interest …