We examine the influence that geographic proximity to bank branches and (nonbank) alternative financial services providers has on use of financial transaction services among U.S. households. We specify a bivariate probit model of bank account ownership and use of nonbank transaction products to...

This study determines that the decisions to use nonbank financial services and to have a bank account are made jointly by immigrant and native born families. Immigrant families, especially those from Mexico or other Latin American countries, have a higher probability of using nonbank financial...

"The deregulation of the banking industry during the 1990s provides a natural (public policy) experiment for investigating how firms adjust their executive compensation contracts as the environment in which they operate becomes relatively more competitive. Using the Riegle-Neal Act of 1994 as a...