March 01 2019 Review of Economics and Statistics over the Past 100 Years: Content Explorer Asim I. Khwaja, Asim I. Khwaja Search for other works by this author on: This Site Google Scholar Kunal Mangal Kunal Mangal Search for other works by this author on: This Site Google Scholar Author and Article Information Asim I. Khwaja Kunal Mangal Online Issn: 1530-9142 Print Issn: 0034-6535 © 2019 The President and Fellows of Harvard College and the Massachusetts Institute of Technology2019The President and Fellows of Harvard College and the Massachusetts Institute of Technology The Review of Economics and Statistics (2019) 101 (1): i–iii. https://doi.org/10.1162/rest_e_00816 Cite Icon Cite Permissions Share Icon Share Facebook Twitter LinkedIn MailTo Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Search Site Citation Asim I. Khwaja, Kunal Mangal; Review of Economics and Statistics over the Past 100 Years: Content Explorer. The Review of Economics and Statistics 2019; 101 (1): i–iii. doi: https://doi.org/10.1162/rest_e_00816 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll JournalsThe Review of Economics and Statistics Search Advanced Search This content is only available as a PDF. © 2019 The President and Fellows of Harvard College and the Massachusetts Institute of Technology2019The President and Fellows of Harvard College and the Massachusetts Institute of Technology Article PDF first page preview Close Modal You do not currently have access to this content.

We examine the impact of liquidity shocks by exploiting cross-bank liquidity variation induced by unanticipated nuclear tests in Pakistan. We show that for the same firm borrowing from two different banks, its loan from the bank experiencing a 1 percent larger decline in liquidity drops by an additional 0.6 percent. While banks pass their liquidity shocks on to firms, large firms—particularly those with strong business or political ties—completely compensate this loss by additional borrowing through the credit market. Small firms are unable to do so and face large drops in overall borrowing and increased financial distress.

October 01 2018 Review of Economics and Statistics over the Past 100 Years: Content Asim I. Khwaja, Asim I. Khwaja Search for other works by this author on: This Site Google Scholar Kunal Mangal Kunal Mangal Search for other works by this author on: This Site Google Scholar Author and Article Information Asim I. Khwaja Kunal Mangal Online Issn: 1530-9142 Print Issn: 0034-6535 © 2018 The President and Fellows of Harvard College and the Massachusetts Institute of Technology2018The President and Fellows of Harvard College and the Massachusetts Institute of Technology The Review of Economics and Statistics (2018) 100 (4): i–vi. https://doi.org/10.1162/rest_e_00766 Cite Icon Cite Permissions Share Icon Share Facebook Twitter LinkedIn MailTo Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Search Site Citation Asim I. Khwaja, Kunal Mangal; Review of Economics and Statistics over the Past 100 Years: Content. The Review of Economics and Statistics 2018; 100 (4): i–vi. doi: https://doi.org/10.1162/rest_e_00766 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll JournalsThe Review of Economics and Statistics Search Advanced Search This content is only available as a PDF. © 2018 The President and Fellows of Harvard College and the Massachusetts Institute of Technology2018The President and Fellows of Harvard College and the Massachusetts Institute of Technology Article PDF first page preview Close Modal You do not currently have access to this content.

We estimate and validate test score–based measures of school quality (school value added, or SVA) in Pakistan. We document substantial variation in SVA within villages and within the public and private sectors, leading to a wide range of possible estimates of the private premium. We also show that parents value SVA. Heterogeneity in parental demand for quality helps explain both the evolution of the market over time and cross-market variation in school quality. The supply side responds to parental demand for quality in the private sector, but there is no evidence it does so in the public sector.