Landier, Augustin; Sraer, David; Thesmar, David - C.E.P.R. Discussion Papers - 2014
the contemporaneous geographic integration of the US banking market, via the emergence of large banks, was a primary … driver of this phenomenon. To this end, we first theoretically derive an appropriate measure of banking integration across … state pairs and document that house price growth correlation is strongly related to this measure of financial integration …