-Neal Interstate Banking and Branching Efficiency Act of 1994 removed many of the restrictions on opening bank branches across state … lines. We interpret the Riegle-Neal act as lowering the cost of expanding a bank's funding base. In this paper, we build an …

one large, universal bank remained. We explore the extent to which that merger resulted in monopoly rents for the combined …

Motivated by public policy debates about bank consolidation and conflicting theoretical predictions about the … relationship between the market structure of the banking industry and bank fragility, this paper studies the impact of bank … concentration, bank regulations, and national institutions on the likelihood of suffering a systemic banking crisis. Using data on …

. Second, did diffuse ownership systematically alter bank risk taking? It did. Banks with less concentrated ownership followed …