Does the Geographic Expansion of Bank Assets Reduce Risk?
---- Acknowledgments ----
Martin Goetz gratefully acknowledges financial support from the Center of Excellence SAFE, funded by the State of Hessen initiative for research LOEWE. The views expressed here are our own and should not be attributed to those of the IMF or IMF Board. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.