Variable

Z-Score

(1)

(2)

(3)

TREATED*POSTSHOCK

0.945***

(0.316)

0.957***

(0.315)

0.984***

(0.330)

TREATED

−0.727*

(0.392)

−0.733*

(0.394)

−0.734*

(0.422)

D_POSTSHOCK

−0.259

(0.200)

−0.286

(0.208)

−0.230

(0.225)

LLPGL (−1)

−0.646*

(0.375)

−0.661*

(0.378)

−0.0346

(0.421)

COV (−1)

−0.586

(0.373)

−0.590

(0.375)

−0.674**

(0.325)

TEXASR (−1)

−18.21**

(7.544)

−18.23**

(7.586)

−1.057

(8.649)

SIZE (−1)

0.102

(0.111)

0.102

(0.111)

0.0519

(0.160)

LIQ (−1)

−0.895

(1.176)

−0.864

(1.164)

0.208

(1.057)

EFF (−1)

−0.706**

(0.324)

−0.702**

(0.325)

−0.228

(0.360)

ΔGDP (−1)

−0.211

(0.512)

−0.701

(1.115)

−1.141

(1.258)

EURIBOR (−1)

0.110

(0.165)

0.110

(0.165)

0.110

(0.165)

HHI (−1)

−0.277

(0.635)

−0.267

(0.634)

1.354

(10.82)

Time FE

No

Yes

Yes

Country FE

No

No

Yes

Cluster S.E. Bank

Yes

Yes

Yes

Observations

206

206

206