We develop a heterogeneous-agent model with local spatial markets to study the relationships among bank expansion … households across regions. We calibrate the model using a geographic information system to evaluate the rapid bank expansion in …

By comparing uncollateralized business loans made by a big tech lending program with conventional bank loans, we find … far before maturity and borrow more frequently. These patterns remain for borrowers with access to bank credit. Our …

) electronic payments system. We construct an equilibrium model of customer and bank adoption of ACH. We structurally estimate the …

fees, foreign fees and surcharges applied to transactions by customers at other than an own-bank ATM. Surcharging raises … typically not possible between a bank and a non-bank. A high cost of teller transactions modifies the tendency towards high ATM …

analysis to the case of Silicon Valley Bank (SVB) and find that the reduced value of the deposit franchise can explain why SVB … was insolvent in early March 2023, even before the bank run occurred …

We examine the effect of negative nominal interest rates on bank profitability and behavior using a cross-country panel …

The largest commercial bank stocks, ranked by total size of the balance sheet, have significantly lower risk …-adjusted returns than small- and medium-sized bank stocks, even though large banks are significantly more levered. We uncover a size … factor in the component of bank returns that is orthogonal to the standard risk factors, including small-minus-big, which has …