In this paper, I examine the role of banks in propagating local economic shocks from one area to another through their network of bank branches, by exploiting a newly developed branch-level dataset. Specifically, I examine the change in the geographical distribution of small business loans within each bank network in response to: 1) increases in deposit growth due to presence in areas with new ...

The pressures of selection acting on transmission of information by acoustic signals are particularly high in long-distance communication networks. Males of the North African houbara bustard (Chlamydotis undulata undulata) produce extremely low-frequency vocalizations called 'booms' as a component of their courtship displays. These displays are performed on sites separated by a distance of on a...

This study concerned the measurement of mood changes resulting from simulated sonic booms occurring during sleep. Subjects from three age groups (21 to 26, 40 to 45, and 60 to 72 years old) spent 21 consecutive nights in a sleeping room equipped for sonic-boom simulation. During the sixth through seventeenth nights, simulated sonic booms of 1.0 psf "outdoors'' overpressure level (.1 psf measure...

Abstract Objectives This paper examines the impact of local economic activity on criminal behavior. We build existing research by relaxing identification assumptions required for causal inference, and estimate recidivism. Methods use fracking boom as a source credibly exogenous variation in conditions into which incarcerated people are released. replicate extend instrumental variables analyses ...

This paper develops a simple bank-based analytical framework to explain why and how capital inflow surges and lending booms could lead to higher real interest rates in the domestic economy, even after adjusting for country/currency risk premia and exchange rate changes. While this phenomenon of ever-rising capital inflows and sustained possibly, even widening interest rate spreads is an importa...