Blar i NTNU Open på forfatter "Rehbein, Oliver"
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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. ...