| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11231 |
| DP11231 Does the Geographic Expansion of Banks Reduce Risk? | |
| Luc Laeven; Ross Levine; Martin Götz | |
| 发表日期 | 2016-04-15 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We develop a new identification strategy to evaluate the impact of the geographic expansion of a bank holding company (BHC) across U.S. metropolitan statistical areas (MSAs) on BHC risk. For the average BHC, the instrumental variable results suggest that geographic expansion materially reduces risk. Geographic diversification does not affect loan quality. The results are consistent with arguments that geographic expansion lowers risk by reducing exposure to idiosyncratic local risks and inconsistent with arguments that expansion, on net, increases risk by reducing the ability of BHCs to monitor loans and manage risks. |
| 主题 | Financial Economics |
| 关键词 | Banking Bank regulation Financial stability Risk Hedging |
| URL | https://cepr.org/publications/dp11231 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540049 |
| 推荐引用方式 GB/T 7714 | Luc Laeven,Ross Levine,Martin Götz. DP11231 Does the Geographic Expansion of Banks Reduce Risk?. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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