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Oberfield, Ezra; Rossi-Hansberg, Esteban; Trachter, Nicholas - National Bureau of Economic Research - 2024

We study the spatial expansion of banks in response to banking deregulation in the 1980s and 90s. During this period …

Persistent link: https://www.econbiz.de/10014512110

Monetary Transmission Through Bank Securities Portfolios

Greenwald, Daniel; Krainer, John; Paul, Pascal - National Bureau of Economic Research - 2024

We study the transmission of monetary policy through bank securities portfolios using granular supervisory data on U.S. bank securities, hedging positions, and corporate credit. Banks that experienced larger losses on their securities during the 2022-2023 monetary tightening cycle extended less...

Persistent link: https://www.econbiz.de/10014544727

Destabilizing Digital "Bank Walks"

Koont, Naz; Santos, Tano; Zingales, Luigi - National Bureau of Economic Research - 2024

We study the impact of digital banking on the value of the deposit franchise and the stability of the banking sector …. Using the classification of digital banking in Koont (2023), we find that when the Fed funds rate increases, deposits flow …

Persistent link: https://www.econbiz.de/10014576630

Monetary Tightening and U.S. Bank Fragility in 2023 : Mark-to-Market Losses and Uninsured Depositor Runs?

Jiang, Erica Xuewei; Matvos, Gregor; Piskorski, Tomasz; … - National Bureau of Economic Research - 2023

. The U.S. banking system's market value of assets is $2 trillion lower than suggested by their book value of assets … fragility of the US banking system to uninsured depositor runs …

Persistent link: https://www.econbiz.de/10014247969

The March 2023 Bank Interventions in Long-Run Context – Silicon Valley Bank and beyond

Metrick, Andrew; Schmelzing, Paul - National Bureau of Economic Research - 2023

U.S. and European banking institutions were hit by a wave of distress in March 2023. Policymakers on both sides of the … banking sector as a whole. This paper contextualizes events using a new long-run database on banking-sector policy …

Persistent link: https://www.econbiz.de/10014247972

Signals and Stigmas from Banking Interventions : Lessons from the Bank Holiday in 1933

Jaremski, Matthew S.; Richardson, Gary; Vossmeyer, Angela - National Bureau of Economic Research - 2023

A nationwide banking panic forced President Franklin Roosevelt to declare a nationwide banking holiday immediately … concerning the conventional wisdom regarding intervening in a banking system amidst a systemic crisis …

Persistent link: https://www.econbiz.de/10014248006

Do Banks Hedge Using Interest Rate Swaps?

McPhail, Lihong Lu; Schnabl, Philipp; Tuckman, Bruce - National Bureau of Economic Research - 2023

of the banking system reveals that most swap exposures are offsetting. Therefore, as a description of prevailing practice …

Persistent link: https://www.econbiz.de/10014250183

Applications or Approvals : What Drives Racial Disparities in the Paycheck Protection Program?

Chernenko, Sergey; Kaplan, Nathan; Sarkar, Asani; … - National Bureau of Economic Research - 2023

We use the 2020 Small Business Credit Survey to study the sources of racial disparities in use of the Paycheck Protection Program (PPP). Black-owned firms are 8.9 percentage points less likely than observably similar white-owned firms to receive PPP loans. About 55% of this take-up disparity is...

Persistent link: https://www.econbiz.de/10014250189

Bank Risk and Stockholding (1910-1934)

Jaremski, Matthew S. - National Bureau of Economic Research - 2022

The massive rise in U.S. stockholding during the early twentieth century resulted in the deepening of securities markets, the spread of investment banks, and the expansion of publicly held corporations. This paper makes use of a unique panel database of South Dakota bank stockholders from...

Persistent link: https://www.econbiz.de/10013462689

Bank Branch Density and Bank Runs

Benmelech, Efraim; Yang, Jun; Zator, Michal - National Bureau of Economic Research - 2023

prices of banks with low branch density plummeted during the 2023 Banking Crisis as these banks experienced larger outflows … of uninsured deposits. Our results suggest that digital banking enabled banks to grow faster and attract uninsured …

Persistent link: https://www.econbiz.de/10014322849