4.7 Article

A retrospective study on the epidemiological characteristics and establishment of an early warning system of severe COVID-19 patients

Journal

JOURNAL OF MEDICAL VIROLOGY
Volume 92, Issue 10, Pages 2173-2180

Publisher

WILEY
DOI: 10.1002/jmv.26022

Keywords

COVID-19; epidemiological characteristics; multivariate logistic regression; warning score

Categories

Funding

  1. Chongqing Special Research Project for Prevention and Control of Novel Coronavirus Pneumonia [cstc2020jscx-fyzx0103]

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This paper estimates the magnitude of an informational friction limiting credit reallocation to firms during the 2007-2009 financial crisis. Because lenders rely on private information when deciding which relationship to end, borrowers looking for a new lender are adversely selected. I show how to identify private information separately from information common to all lenders but unobservable to the econometrician by using bank shocks within a discrete choice model of relationships. Quantitatively, these informational frictions seem too small to explain the credit crunch in the U.S. syndicated corporate loan market.

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