• Flooded Through the Back Door: The Role of Bank Capital in Local Shock Spillovers 

      Rehbein, Oliver; Ongena, Steven Roger G. (Peer reviewed; Journal article, 2022)
      This article demonstrates that low bank capital carries a negative externality because it amplifies local shock spillovers. We exploit a natural disaster that is transmitted to firms in nondisaster areas via their banks. ...
    • Population Aging and Bank Risk-Taking 

      Doerr, Sebastian; Kabas, Gazi; Ongena, Steven Roger Godelieve (Journal article; Peer reviewed, 2023)
      What are the implications of an aging population for financial stability? To examine this question, we exploit geographic variation in aging across U.S. counties. We establish that banks with higher exposure to aging ...