| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14516 |
| DP14516 Two Centuries of U.S. Banking Concentration: 1820-2019 | |
| Caroline Fohlin; Matthew Jaremski | |
| 发表日期 | 2020-03-20 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Concentration plays a key role in banking efficiency and stability, yet the literature lacks any long-run analysis of U.S. banking industry structure. This paper uses newly-collected archival data to provide the first study of banking concentration from the early years of the republic through 2019. While concentration was declining or stable before the mid-1920s, statistical tests identify a structural break thereafter, as concentration started steadily rising as a result of growth at the nation’s largest five banks, particularly those located in New York City. A second structural break in the mid-1990s further accelerated the upward trend in concentration before slowing down during the Great Recession. |
| 主题 | Economic History ; Financial Economics |
| 关键词 | Bank concentration Too big to fail |
| URL | https://cepr.org/publications/dp14516 |
| 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/543417 |
| 推荐引用方式 GB/T 7714 | Caroline Fohlin,Matthew Jaremski. DP14516 Two Centuries of U.S. Banking Concentration: 1820-2019. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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