Spare Tire? Stock Markets, Banking Crises, and Economic Recoveries
---- Acknowledgments ----
We thank Franklin Allen, Thorsten Beck, Daniel Berkowitz, Craig Doidge, Erik Gilje, Itay Goldstein, Todd Gormley, Gary Gorton, Jun-Koo Kang, Florencio Lopez-de-Silanes, Michelle Lowry, Yona Rubinstein, Luke Taylor, Sheridan Titman, and Luigi Zingales for helpful comments and discussions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.