Forthcoming Articles

Population Aging and Bank Risk-Taking

Sebastian Doerr, Gazi Kabas, and Steven Ongena ♦ 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…

Bank Competition and Information Production

Filippo De Marco and Silvio Petriconi ♦ We show that bank competition diminishes banks’ incentives to produce information about prospective borrowers. We exploit the deregulation of U.S. interstate branching as a shock to competition and use borrowers’ stock returns after…