generates a distribution of bank sizes arising from differences in banks' ability to generate revenue from loans and from …

Whether bank failures have adverse effects on local economies is an important question for which there is conflicting … and relatively scarce evidence. In this study, I use county-level data to examine the effect of bank failures and … resolutions on local economies. Using quasi-experimental techniques as well as cross-sectional variation in bank failures, I show …

distress on bank solvency and financing. It then highlights the notable cost to the real economy of the close connection …