matched to U.S. data, we propose a market structure where big banks with market power interact with small, competitive fringe … banks. Banks face idiosyncratic funding shocks in addition to aggregate shocks which affect the fraction of performing loans … in their portfolio. A nontrivial bank size distribution arises out of endogenous entry and exit, as well as banks’ buffer …

risk of branch closure, and the effects are stronger for neighborhoods with fewer branches, for larger banks, and for major … is consistent with the notion that the CRA helps banks meet the credit needs of underserved communities and populations …

taking, commercial bank failure, and market structure. We propose a market structure where big, dominant banks interact with … small, competitive fringe banks. Banks accumulate securities like Treasury bills and undertake short-term borrowing when … there are cash flow shortfalls. A nontrivial size distribution of banks arises out of endogenous entry and exit, as well as …

also the case that research on banks in this area has not received adequate attention. The authors model controls for risk … characteristics of the target banks, the deal characteristics, and the economic environment. Their results are robust. They support …