NBER Working Paper No. 16200
---- Acknowledgments ----
We thank Marios Angeletos, Mark Carey, Douglas Diamond, Oliver Hart, Raj Iyer, Anil Kashyap, David Laibson, Owen Lamont, Stewart Myers, David Scharfstein, Antoinette Schoar, Andrei Shleifer, Jeremy Stein, Ren ́e Stulz, Raghuram Rajan, James Vickery, Ivo Welch, Ivan Werning, Tanju Yorulmazer and seminar participants at CEMFI, the Federal Reserve Bank of New York, Harvard University, MIT, the IMF Jacques Polak Annual Research Conference, and the NBER Project on Market Institutions and Financial Market Risk for insightful discussions. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.