Variable

Z-Score

(1)

(2)

(3)

TREATED*POSTSHOCK

0.535*

(0.291)

0.527*

(0.292)

0.534*

(0.316)

TREATED

−1.308***

(0.346)

−1.298***

(0.349)

−1.483***

(0.485)

D_POSTSHOCK

−0.0954

(0.158)

7.123***

(1.190)

6.557***

(1.295)

LLPGL (−1)

−1.286***

(0.374)

−1.275***

(0.373)

−0.969**

(0.463)

COV (−1)

−0.762***

(0.231)

−0.761***

(0.229)

−0.826***

(0.267)

TEXASR (−1)

−25.98***

(5.193)

−25.86***

(5.232)

−24.22***

(7.091)

SIZE (−1)

−0.0784

(0.0884)

−0.0775

(0.0876)

−0.136

(0.109)

LIQ (−1)

−0.818

(0.725)

−0.740

(0.733)

−1.087

(0.774)

EFF (−1)

−0.659*

(0.385)

−0.697*

(0.376)

−0.109

(0.425)

ΔGDP (−1)

−1.064

(0.667)

−1.802*

(0.940)

−0.791

(1.156)

EURIBOR (−1)

0.138

(0.549)

0.137

(0.549)

0.136

(0.549)

HHI (−1)

−1.057**

(0.431)

−1.036**

(0.434)

−3.133

(4.397)

Time FE

No

Yes

Yes

Country FE

No

No

Yes

Cluster S.E. Bank

Yes

Yes

Yes

Observations

273

273

273