2 papers
econ.GN2025
Failing Banks
Sergio Correia, Stephan Luck, Emil Verner
Why do banks fail? We create a panel covering most commercial banks from 1863 through 2024 to study the history of failing banks in the United States. Failing banks are characteriz…
econ.GN2024
The Debt-Inflation Channel of the German (Hyper-)Inflation
Markus K. Brunnermeier, Sergio Correia, Stephan Luck +2
This paper studies how a large increase in the price level is transmitted to the real economy through firm balance sheets. Using newly digitized macro- and micro-level data from th…