Political Borders and Bank Lending in Post-Crisis America
---- Acknowledgements ----
This paper grew out of conversations and work with Tomasz Wieladek, to whom we owe a considerable debt. For comments, we thank: Sumit Agarwal; Craig Brown; Ran Duchin; Rainer Haselmann; Zsuzsa Huszar; Rustom Irani; Rajkamal Iyer; Ravi Jain; Sebnem Kalemli-Ozcan; Ross Levine; Andrea Polo; Wenlan Qian; David Reeb; Amit Seru, Johan Sulaeman; Bernie Yeung; and seminar participants at Barcelona Graduate School of Economics Summer Forum, Bank of England, NUS Business School, and Halle Institute for Economic Research. All opinions expressed in this paper are those of the authors, not the Bank of England or the National Bureau of Economic Research.