Chava, Sudheer; Purnanandam, Amiyatosh - In: Proceedings (2006), pp. 367-385
How does the banking sector’s financial health affect bank-dependent borrowers’ performance? We use the exogenous shock to U.S. banking system during the Russian crisis of Fall 1998 as a natural experiment to separate the effect of borrower’s demand of credit from the bank’s ability to...
