The study measures Danatbank exposure through firm connections and branch presence.

Evidence

Our second measure is based on Danatbank’s branch network in 1929. We specify a dummy has branchc that equals one if Danatbank had at least one branch in city c in 1929. The two measures are complementary: exposure captures the importance of Danatbank to local joint stock companies, while has branch also captures deposit-taking and lending to smaller firms. In addition, the failure of a bank’s branch would have been highly visible – with queues forming in front of branches and many customers losing access to (part of) their savings. In the baseline specification, we combine both measures and use the dummy danatc, which takes on a value of one if a city either had a Danat branch or significant exposure to Danat, defined as above-average exposure. — Sebastian Doerr et al., Financial Crises and Political…, 79

Categorization

• DEFINE: Defines what ‘Danat-exposed’ means operationally for the study — firm-level connection OR branch presence.
• XREF: connects to: Danat exposure is measured as above-average exposure or presence of a branch — Sebastian Doerr et al., Financial Crises and Political…, 261; Exposure to Danatbank is coded as above-average exposure or a city branch. — Sebastian Doerr et al., Financial Crises and Political…, 291; Danat exposure caused worsening unemployment only after the bank failed — Sebastian Doerr et al., Financial Crises and Political…, 146 (+1 more)

Broader Connections

• Exposure to Danatbank is coded as above-average exposure or a city branch. #expands (0.96) — Sebastian Doerr et al., Financial Crises and Political…, 291
• Danat exposure caused worsening unemployment only after the bank failed #qualifies (0.82) — Sebastian Doerr et al., Financial Crises and Political…, 146
• Newspapers named Danatbank’s Jewish-linked manager but not rivals’ equivalents. #expands (0.74) — Sebastian Doerr et al., Financial Crises and Political…, 236