Exploiting differential interstate branching deregulation across contiguous counties of adjacent states, we investigate …

deregulation is weak or non-existent. Considering the role of bank loan commitments, these results provide one route though which …This paper uses branching and interstate banking deregulation as a natural experiment to explore the effect of agency … cost on the use of bank loan commitments. A simple inventory-based model shows that lower agency cost facilitates more …

We use a matching method that constructs synthetic counterfactual states to identify the channels that link bank … deregulation to financial integration, and thereby to economic growth. We document a positive, but conditional, effect of financial …

branching deregulation decreased syndicated loan issuance but spurred bilateral lending to corporations. This shift is also …