We develop and estimate a new model of endogenous growth in bank efficiency and firm productivity in which banks adopt …-good-producing entrepreneurs. In this framework, bank efficiency influences firm productivity by affecting agents' occupational choices, while firm … productivity affects bank efficiency through the relative price of capital goods. We find that increasing technology adoption in …

We study U.S. bank branch openings and closings from 2001 to 2023. Both are more common in areas with low deposit …

bank that can infuse liquidity cheaply may be motivated to intervene in the face of fire sales. If so, it can crowd out the …

We demonstrate the passthrough of Treasury supply to bank deposits through bank market power. We show that a larger … further curtails bank lending and affects bank funding structure. The explanatory power of Treasury supply is not driven by …

Economic theories posit that bank liability insurance is designed as serving the public interest by mitigating systemic … private interests of banks, bank borrowers, and depositors, potentially at the expense of the public interest. Empirical …-through subsidy targeted to particular classes of bank borrowers …