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This paper proposes a vulnerability index for assessing the build-up of economic risks at the regional level using spatial variation in bank liquidity. It investigates the relationship between deposit rates offered by regional banks and subsequent economic downturns, highlighting the predictive power of deposit rates in signaling liquidity squeezes and economic contractions.
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Canary in Form COAL refers to a specific regulatory document used in the coal industry, primarily for tracking compliance with environmental standards and safety regulations.
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