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来源类型Working Paper
规范类型报告
DOI10.3386/w11291
来源IDWorking Paper 11291
Branch Banking, Bank Competition, and Financial Stability
Mark Carlson; Kris James Mitchener
发表日期2005-05-02
出版年2005
语种英语
摘要It is often argued that branching stabilizes banking systems by facilitating diversification of bank portfolios; however, previous empirical research on the Great Depression offers mixed support for this view. Analyses using state-level data find that states allowing branch banking had lower failure rates, while those examining individual banks find that branch banks were more likely to fail. We argue that an alternative hypothesis can reconcile these seemingly disparate findings. Using data on national banks from the 1920s and 1930s, we show that branch banking increases competition and forces weak banks to exit the banking system. This consolidation strengthens the system as a whole without necessarily strengthening the branch banks themselves. Our empirical results suggest that the effects that branching had on competition were quantitatively more important than geographical diversification for bank stability in the 1920s and 1930s.
主题Financial Economics ; Financial Institutions ; History ; Financial History ; Macroeconomics ; Money and Interest Rates
URLhttps://www.nber.org/papers/w11291
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/568929
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GB/T 7714
Mark Carlson,Kris James Mitchener. Branch Banking, Bank Competition, and Financial Stability. 2005.
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