| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11006 |
| 来源ID | Working Paper 11006 |
| Bank Mergers and Crime: The Real and Social Effects of Credit Market Competition | |
| Mark J. Garmaise; Tobias J. Moskowitz | |
| 发表日期 | 2004-12-20 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Using a unique sample of commercial loans and mergers between large banks, we provide microlevel (within-county) evidence linking credit conditions to economic development and find a spillover effect on crime. Neighborhoods that experienced more bank mergers are subjected to higher interest rates, diminished local construction, lower prices, an influx of poorer households, and higher property crime in subsequent years. The elasticity of property crime with respect to merger-induced banking concentration is 0.18. We show that these results are not likely due to reverse causation, and confirm the central findings using state branching deregulation to instrument for bank competition. |
| 主题 | Financial Economics ; Corporate Finance |
| URL | https://www.nber.org/papers/w11006 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568641 |
| 推荐引用方式 GB/T 7714 | Mark J. Garmaise,Tobias J. Moskowitz. Bank Mergers and Crime: The Real and Social Effects of Credit Market Competition. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11006.pdf（536KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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