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taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …
Persistent link: https://www.econbiz.de/10012463912
This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...
Persistent link: https://www.econbiz.de/10012467161
more bank mergers are subjected to higher interest rates, diminished local construction, lower prices, an influx of poorer … findings using state branching deregulation to instrument for bank competition …
Persistent link: https://www.econbiz.de/10012467681
increases a bank's likelihood of providing a loan. Companies may benefit from these relationships through more favorable loan …
Persistent link: https://www.econbiz.de/10012468158
We develop a quantitative equilibrium model of financial crises to assess the interaction between ex-post interventions in credit markets and the buildup of risk ex ante. During a systemic crisis, bailouts relax balance sheet constraints and mitigate the severity of the recession. Ex ante, the...
Persistent link: https://www.econbiz.de/10012460074
Evolution of Bank Boards of Directors in New York, 1840-1950 - Howard Bodenhorn and Eugene N. White -- II. Bank Behavior and …
Persistent link: https://www.econbiz.de/10011681706
-century Massachusetts / Eric Hilt ; comment: Claudia Rei ; The evolution of bank boards of directors in New York,1840-1950 / Howard … Bodenhorn and Eugene N. White -- Bank behavior and credit markets. Did railroads make antebellum U.S. banks more sound? / Jeremy …
Persistent link: https://www.econbiz.de/10011381927
This paper looks at why bank consolidation has been taking place in the United States and what the structure of the … banking industry might look like in the future. It then discusses the implications of bank consolidation for the economy and …
Persistent link: https://www.econbiz.de/10012472979
This paper examines the impact of the Asian crisis on bank stocks across four Western countries and six Asian countries …. In the second half of 1997, Western banks experienced positive returns. In contrast East Asian bank indices incurred … market impact only in Indonesia and the Philippines. Except for the Korean program, IMF programs had little effect on bank …
Persistent link: https://www.econbiz.de/10012471423
representatives on corporate boards. If a banking relationship is a substitute for the stock market, then interaction with a bank … monopolistic control over access to external capital markets, then bank interests may conflict with those of other equityholders … structure of the firms' equity. We test for conflicts-of-interest in bank behavior and ask whether the relationship between …
Persistent link: https://www.econbiz.de/10012473409