We show that stricter bank liquidity standards can trigger unintended credit booms when there is heterogeneity in …

It is often argued that branching stabilizes banking systems by facilitating diversification of bank portfolios … quantitatively more important than geographical diversification for bank stability in the 1920s and 1930s …

taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …

process of interstate bank deregulation that lowered barriers to competition across U.S. states over the 1980s and 1990s with … facing each individual bank. We find that regulatory-induced competition reduced liquidity creation. Consistent with some …

competition reduces bank opacity, enhancing the ability of markets and regulators to monitor banks …

averse banks. The effects of changes in bank net worth and bank's risk perceptions are also analyzed. In deep recessions …

Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … competition materially boosts bank risk. With respect to the mechanisms, we find that competition reduces bank profits, charter …