Are Banks Really Special? New Evidence from the FDIC-induced Failure of Healthy Banks #

By Adam B. Ashcraft. 2005

390 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/4bfbfb24312b4be8d9d79db9ac146bca7d438eb1

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Citations in the corpus

Cyclicality of Credit Supply: Firm Level Evidence (2014, neutral): “10 Other examples include Ashcraft (2005) who uses the closure of healthy branches of impaired bank holding companies, and Becker (2007) who uses a demographics-based instrument.”
Do Credit Market Shocks Affect the Real Economy? Quasi-experimental Evidence from the Great Recession and “Normal” Economic Times (2020, neutral): “For this reason, banks have been labeled “special”, and it is thought that their health can be an important determinant of macroeconomic fluctuations (Bernanke and Gertler 1995; Peek and Rosengren 2000; Ashcraft 2005).”
Financial Intermediaries and Monetary Economics (2010, neutral): “In the same vein, Ashcraft (2006) finds small effects of variations in commercial bank loans on real activity when using accounting based loan data, but Ashcraft (2005) finds large and persistent effects of commercial bank closures on real output (using FDIC induced failures as instruments).”
Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market (2008, background): “Column (2) pushes this further by introducing loan-type interacted with rm xed e¤ects i.”
The Effect of Banking Crisis on Bank-Dependent Borrowers (2011, neutral): “Our paper is also related to Peek and Rosengren (2000), Ashcraft (2005), and Garmaise and Moskowitz (2006), who study the real effects of deterioration in bank health or credit market competition.”
Housing Price Booms and Crowding-Out Effects in Bank Lending (2018, background): “Examples include Kashyap and Stein (1995, 2000), Kishan and Opiela (2000), and Ashcraft (2006).5 At the heart of this channel stands the premise that banks are financially constrained, motivated by a large theoretical literature.”
Does Systemic Risk in the Financial Sector Predict Future Economic Downturns (2012, background): “2 Contractions in bank lending impact real investment activity, particularly for bank-dependent firms (see Abel and Blanchard 1986; Kashyap, Stein, and Wilcox 2000; Gorton and He 2005; Ashcraft 2005; Tong and Wei 2008; Byoun and Xu 2011).”
Systemic Banking Crises Database II (2013, neutral): “2016), and these disruptions to the supply of credit can have real effects (e.g., Peek and Rosengren 1997; Ashcraft 2005; Kroszner et al.”