The Death of a Regulator: Strict Supervision, Bank Lending and Business Activity
---- Acknowledgements ----
We thank John Barrios, Aytekin Ertan, Henry Eyring, Anil Kashyap, Anya Kleymenova, Randy Kroszner, Daniel Paravisini, Raghu Rajan, Thomas Rauter, Stephen Ryan, Amit Seru (discussant), Andrei Shleifer and workshop participants at Chicago Booth, Duke University Imperial College, LSE, NBER Corporate Finance meetings, and the University of Washington for their helpful comments and suggestions. We also thank Hester Peirce for generously sharing qualitative assessments about the regulatory transition collected from a survey of community bank managers, and Maximillian Muhn, Thomas Rauter and Steven Vanhaverbeke for their excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.