Credit Portfolio Convergence in U.S. Banks since the COVID-19 Shock

Andrew Hawley and Ke Wang

No 2021-11-26-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The COVID-19 pandemic has materially affected U.S. consumer behavior and business operations in many important aspects. This note focuses on the changes in banks’ balance sheets and demonstrates how we could apply a novel measure of portfolio similarity to balance sheet data and assess the drivers of similarity change along the path of the pandemic.

Date: 2021-11-26
New Economics Papers: this item is included in nep-acc, nep-ban, nep-cwa and nep-fmk
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2021-11-26-1

DOI: 10.17016/2380-7172.2995

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