Fact-check: The paper is confirmed as a real NBER working paper (w34892) published about a week ago, available on NBER.org and authors' sites, with the summary accurately reflecting its abstract on interest rate risk, uninsured deposits, and effects of micro-prudential regulations. NBER's official X account promoted it on March 2, 2026, and another economics account shared it on March 4, providing real-time corroboration. As a reputable academic source aligned with the situation context, it is fully trustworthy.
Interest Rate Risk and Cross-Sectional Effects of Micro-Prudential Regulation -- by Juliane Begenau, Vadim Elenev, Tim Landvoigt
A new academic paper by Begenau, Elenev, and Landvoigt examines financial stability risks stemming from banks' interest rate exposure and uninsured deposit funding. Using a heterogeneous bank model with endogenous run risk, the research replicates empirical patterns such as the concentration of uninsured deposits in larger banks. The study finds that tightening capital requirements significantly reduces run risk, while higher liquidity requirements targeting uninsured deposits are effective when