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

disclose to the public? By integrating the gravity model of investment with the state-specific process of bank deregulation … that occurred in the United States from the 1980s through the 1990s, we develop a bank-specific, time-varying measure of … and the frequency with which banks restate financial statements. The results suggest that competition reduces bank opacity …

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 …

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