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The Role of Financial Institutions on Real Outcomes
This dissertation contains three chapters. The first chapter studies the causal effect of local bank financing on employment growth in service occupations. Using changes in liquor laws as quasi-exogenous shifts in ...
Essays on Banking and Debt Contracting
This dissertation contains three chapters. In the first chapter, I investigate whether restrictive loan covenants disrupt or improve firm operating performance. Using an instrumental variables approach to address the ...