Showing 1 - 10 of 503
Because California was a pioneer in the development of intrastate branching, we use its experience during the 1920s and … 1930s to assess the effects of the expansion of large-scale, branch-banking networks on competition and the stability of … banks responded to increased competition from branch banks by changing their operations in ways consistent with efforts to …
Persistent link: https://www.econbiz.de/10012465718
findings. Using data on national banks from the 1920s and 1930s, we show that branch banking increases competition and forces … strengthening the branch banks themselves. Our empirical results suggest that the effects that branching had on competition were …
Persistent link: https://www.econbiz.de/10012467393
Maintaining sufficient liquidity in the financial system is vital for its stability. However, since returns on liquid assets are typically low, individual financial institutions may seek to hold fewer such assets, especially if they believe they can rely on other institutions for liquidity...
Persistent link: https://www.econbiz.de/10012482132
New data reveals that bank distress peaked in New York City, at the center of the United States money market, in July and August 1931, when the banking crisis peaked in Germany and before Britain abandoned the gold standard. This paper tests competing theories about the causes of New York's...
Persistent link: https://www.econbiz.de/10012464524
We examine whether examiners were informed and contributed to the health of the banking sector. Information included quantitative information that was eventually made public, quantitative information that remained private, and subjective information dependent on the examiner's production of...
Persistent link: https://www.econbiz.de/10012453254
We investigate the origins and growth of the Financial Stability Mandate (FSM) to examine why bank supervisors, inside and outside of central banks succeeded or failed to meet their FSM. Three issues inform this study: (1) what drives changes in the FSM, (2) whether supervision should be...
Persistent link: https://www.econbiz.de/10012457822
as the structural shift from note-issuing to deposit-taking commercial banks and competition with national banks …
Persistent link: https://www.econbiz.de/10012458062
appearance of the Fed as an additional supervisor led to more "competition in laxity" among regulators and "regulatory arbitrage … failures of competition and market valuation. In response, the New Deal shifted to a regime of discretion-based supervision …
Persistent link: https://www.econbiz.de/10012461832
We study time-consistent bank resolution mechanisms. When interventions are ex post efficient, a government cannot commit not to inject capital into the banking system. Contrary to common wisdom, we show that the government may still avoid moral hazard and implement the first best allocation by...
Persistent link: https://www.econbiz.de/10012794588
This paper studies the impact of technological change and regulatory competition on governmental efforts to generate …
Persistent link: https://www.econbiz.de/10012471631