Rajkamal Iyer
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Imperial College London, Business School, Professor of Finance
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![Small town in Colorado with red light on main street downtown and first national bank.](https://anderson-review.ucla.edu/wp-content/uploads/2023/10/AR-thumb-local-banks-warning-v2.png)
Local Banks Provide an Early Warning System on Recessions
When they’re forced to pay up for deposits, it’s a bad sign for area’s economy
Imperial College London, Business School, Professor of Finance
When they’re forced to pay up for deposits, it’s a bad sign for area’s economy