ECONOMY
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Documenting Lender Specialization – Liberty Street Economics
Kristian Blickle and Eric Gao Robust banks are a cornerstone of a healthy financial system. To ensure their stability, it…
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Do Import Tariffs Protect U.S. Firms?
Mary Amiti, Matthieu Gomez, Sang Hoon Kong, and David E. Weinstein One key motivation for imposing tariffs on imported goods…
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Using Stock Returns to Assess the Aggregate Effect of the U.S.-China Trade War
Mary Amiti, Matthieu Gomez, Sang Hoon Kong, and David E. Weinstein During 2018-19, the U.S. levied import tariffs of 10…
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Banking System Vulnerability: 2024 Update
Matteo Crosignani, Thomas Eisenbach, and Fulvia Fringuellotti After a period of relative stability, a series of bank failures in 2023…
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Why Do Banks Fail? Three Facts About Failing Banks
Sergio Correia, Stephan Luck, and Emil Verner Why do banks fail? In a new working paper, we study more than…
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Why Do Banks Fail? Bank Runs Versus Solvency
Sergio Correia, Stephan Luck, and Emil Verner Evidence from a 160-year-long panel of U.S. banks suggests that the ultimate cause…
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Why Do Banks Fail? The Predictability of Bank Failures
Sergio Correia, Stephan Luck, and Emil Verner Can bank failures be predicted before they happen? In a previous post, we…
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Why Investment-Led Growth Lowers Chinese Living Standards
Matthew Higgins Rapid GDP growth, due in part to high rates of investment and capital accumulation, has raised China out…
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To Whom It May Concern: Demographic Differences in Letters of Recommendation
Beverly Hirtle and Anna Kovner Letters of recommendation from faculty advisors play a critical role in the job market for…
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Income Growth Outpaces Household Borrowing
Andrew Haughwout, Donghoon Lee, Daniel Mangrum, Joelle Scally, and Wilbert van der Klaauw U.S. household debt balances grew by $147…
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