Do Delays in Banks' Loan Loss Provisioning Affect Economic Downturns? Evidence from the U.S. Housing Market

Abstract

for their helpful comments. I gratefully acknowledge the Fama-Miller Center for Research in Finance and the Initiative on Global Markets at the University of Chicago Booth School of Business for providing the DataQuick data, and financial support from Chicago Booth, the Kwanjeong Educational Foundation, and the Sanford J.