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Branch Banking as a Device for Discipline : Competition and Bank Survivorship During the Great Depression
Carlson, Mark A. - 2007
Because California was a pioneer in the development of intrastate branching, we use its experience during the 1920s and … 1930s to assess the effects of the expansion of large-scale, branch-banking networks on competition and the stability of … banks responded to increased competition from branch banks by changing their operations in ways consistent with efforts to …
Persistent link: https://www.econbiz.de/10012777583
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Branch Banking, Bank Competition, and Financial Stability
Carlson, Mark A. - 2005
findings. Using data on national banks from the 1920s and 1930s, we show that branch banking increases competition and forces … strengthening the branch banks themselves. Our empirical results suggest that the effects that branching had on competition were …
Persistent link: https://www.econbiz.de/10012784687
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Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the Early 1900s
Carlson, Mark A.; Jaremski, Matthew - 2022
Maintaining sufficient liquidity in the financial system is vital for its stability. However, since returns on liquid assets are typically low, individual financial institutions may seek to hold fewer such assets, especially if they believe they can rely on other institutions for liquidity...
Persistent link: https://www.econbiz.de/10013293885
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"To Establish a More Effective Supervision of Banking" : How the Birth of the Fed Altered Bank Supervision
White, Eugene N. - 2011
appearance of the Fed as an additional supervisor led to more "competition in laxity" among regulators and "regulatory arbitrage … failures of competition and market valuation. In response, the New Deal shifted to a regime of discretion-based supervision …
Persistent link: https://www.econbiz.de/10013129130
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The Evolution of Bank Supervision : Evidence from U.S. States
Mitchener, Kris James - 2014
as the structural shift from note-issuing to deposit-taking commercial banks and competition with national banks …
Persistent link: https://www.econbiz.de/10013045278
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Bank Examiners’ Information and Expertise and Their Role in Monitoring and Disciplining Banks Before and During the Panic of 1893
Calomiris, Charles W. - 2018
We examine whether examiners were informed and contributed to the health of the banking sector. Information included quantitative information that was eventually made public, quantitative information that remained private, and subjective information dependent on the examiner's production of...
Persistent link: https://www.econbiz.de/10012922979
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The Evolution of the Financial Stability Mandate : From its Origins to the Present Day
Toniolo, Gianni - 2015
We investigate the origins and growth of the Financial Stability Mandate (FSM) to examine why bank supervisors, inside and outside of central banks succeeded or failed to meet their FSM. Three issues inform this study: (1) what drives changes in the FSM, (2) whether supervision should be...
Persistent link: https://www.econbiz.de/10013030142
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Selling Failed Banks
Granja, Joao - 2014
We study the recent episode of bank failures and provide simple facts to better understand who acquires failed banks and which forces drive the losses that the FDIC realizes from these sales. We document three distinct forces related to the allocation of failed banks to potential acquirers....
Persistent link: https://www.econbiz.de/10013048587
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In the Eye of a Storm : Manhattan's Money Center Banks During the International Financial Crisis of 1931
Richardson, Gary - 2011
In the summer of 1931, a financial crisis began in Austria, spread to Germany, forced Britain to abandon the gold standard, crossed the Atlantic, and afflicted financial institutions in the United States. This article describes how banks in New York City, the central money market of the United...
Persistent link: https://www.econbiz.de/10013120280
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The Development of Opacity in U.S. Banking
Gorton, Gary B. - 2013
An examination of U.S. banking history shows that economically efficient private bank money requires that information-revealing securities markets for bank liabilities be closed. That is, banks are optimally opaque, which is why they are regulated and examined. I show this by examining the...
Persistent link: https://www.econbiz.de/10013074293