This paper identifies how bank branching benefited local economies during the Great Depression. Using archival data and … narrative evidence, I show how Bank of America's branch network in 1930s California created an internal capital market to … competing banking offices. The bank's presence caused smaller city property value contractions and stronger recoveries through …

their compensation to remain in the bank. We isolate withdrawals due to liquidity needs, deterioration of fundamentals, and … expiration of time deposits around unexpected uncertainty events and high-frequency microdata from a large Greek bank. Deposit … remain in the bank during episodes of high uncertainty. Our findings provide new insights into the design of interventions …

We examine banking regulation in a macroeconomic model of bank runs. We construct a general equilibrium model where … banks may default because of fundamental or self-fulfilling runs. With only fundamental defaults, we show that the … competitive equilibrium is constrained efficient. However, when banks are vulnerable to runs, banks' leverage decisions are not ex …

banks in individual EU countries help to explain the nature of cross-border merger activity. If they wish to protect …Banks are in the business of taking calculated risks. Expanding the geographic footprint of an organization's profit …

one large, universal bank remained. We explore the extent to which that merger resulted in monopoly rents for the combined …The merger of Fleet and BankBoston in September 1999 resulted in a regional New England lending market in which only … merger, Fleet and BankBoston charged unusually low loan interest rates, reflecting their ability to realize economies of …

results are broadly consistent with the predictions of a benign view of the role of investment banks in advising acquisition … targets. Fees to investment banks are correlated with attributes of transactions and target firms in ways that make sense if … banks are being paid for processing information. The more contingent (and, therefore, risky) the fees, the higher they tend …

merge and post-merger value creation and synergies? We compile comprehensive information on U.S. bank acquisitions from 1986 …Does the pre-deal geographic overlap of the subsidiaries and branches of two banks affect the probability that they … that greater pre-deal network overlap (1) increases the likelihood that two banks merge, (2) boosts the cumulative abnormal …

Over the past two decades, banks have increasingly focused on offering contingent credit in the form of credit lines as … a primary means of corporate borrowing. We review the existing body of research regarding the rationales for banks … repay credit lines are put options issued by banks, which are exercised by firms in a correlated manner during periods of …