A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2012; you can also visit the original URL.
The file type is
I examine whether commercial banks improve their supervisory ratings by switching regulators. I establish a causal effect from switching on ratings using an empirical strategy that controls for selection bias. Regulators rate banks better after they change charters and this effect is large for both national and state charters. Also, banks that switched charters in the past fail more often than others even after controlling for their ratings. These results suggest that banks can arbitragedoi:10.2139/ssrn.1926324 fatcat:ue5h3naimfetdcdqmhqwqbgia4