Jeon, Yongil; Miller, Stephen M. - Department of Economics, University of Connecticut - 2002
, culminating with the Interstate Banking and Branching Efficiency Act of 1994. Significant consolidations have occurred in the … average bank profitability within a state, finding strong support for a positive correlation. Moreover, temporal causality … tests imply that bank concentration leads bank profitability. Our finding suggests that bank regulators need to monitor the …