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Branch Banking as a Device for Discipline : Competition and Bank Survivorship During the Great Depression
Carlson, Mark - 2007
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
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Branch Banking, Bank Competition, and Financial Stability
Carlson, Mark - 2005
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
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Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the early 1900s
Carlson, Mark - 2020
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
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Intensified Regulatory Scrutiny and Bank Distress in New York City During the Great Depression
Richardson, Gary - 2008
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
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Bank Examiners’ Information and Expertise and Their Role in Monitoring and Disciplining Banks Before and During the Panic of 1893
Calomiris, Charles W. - 2018
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
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The Evolution of the Financial Stability Mandate : From Its Origins to the Present Day
Toniolo, Gianni - 2015
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
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The Evolution of Bank Supervision : Evidence from U.S. States
Mitchener, Kris James - 2014
as the structural shift from note-issuing to deposit-taking commercial banks and competition with national banks …
Persistent link: https://www.econbiz.de/10012458062
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"To Establish a More Effective Supervision of Banking" : How the Birth of the Fed Altered Bank Supervision
White, Eugene N. - 2011
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
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Let the Worst One Fail : A Credible Solution to the Too-Big-To-Fail Conundrum
Philippon, Thomas; Wang, Olivier - National Bureau of Economic Research - 2021
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
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How Offshore Financial Competition Disciplines Exit Resistence by Incentive-Conflicted Bank Regulators
Kane, Edward J. - 1999
This paper studies the impact of technological change and regulatory competition on governmental efforts to generate …
Persistent link: https://www.econbiz.de/10012471631