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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w11291 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w11291 |
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/568929 |
推荐引用方式 GB/T 7714 | Mark Carlson,Kris James Mitchener. Branch Banking, Bank Competition, and Financial Stability. 2005. |
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 | ||
w11291.pdf(467KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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