... Descriptive statistics; p25, p50, p75 denote the 25th, 50th, 75th percentile,respectively. -3 .5 -3 -2 .5 -2 -1 .5 -1 -0 .500.51200 5-0 9 200 6-0 9 200 7-0 9 200 8-0 9 200 9-0 9Cumulative change in exposure (percentage ... is the cross-sectional average of the bank-specific variable αi of those banks forwhich there is an observation in month t. As the composition of this sample changes in the course of time, the ... contribution of the systematic factor and the regulation to the total timely variation of the exposure is 17.24% and, therefore, 82.76% of the variation isdue to idiosyncratic effects. These effects...