We study the spatial expansion of banks in response to banking deregulation in the 1980s and 90s. During this period …

associated with a stronger relationship between premiums and local disaster risk: A one standard-deviation increase in disaster … risk is associated with $500 higher premiums in 2023, up from $300 in 2018. Second, using the rapid rise in reinsurance … prices as a natural experiment, we show that the increase in the risk-to-premium gradient was largely caused by the pass …

We study the impact of digital banking on the value of the deposit franchise and the stability of the banking sector …. Using the classification of digital banking in Koont (2023), we find that when the Fed funds rate increases, deposits flow …

A nationwide banking panic forced President Franklin Roosevelt to declare a nationwide banking holiday immediately … concerning the conventional wisdom regarding intervening in a banking system amidst a systemic crisis …

We ask whether banks use interest rate swaps to hedge the interest rate risk of their assets, primarily loans and … significant extent to which swap positions offset each other, the average bank has essentially no net interest rate risk from … of the banking system reveals that most swap exposures are offsetting. Therefore, as a description of prevailing practice …