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Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the … fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic …
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This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank deregulation, we find that exogenous increases in...
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