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We study the effects of bank mergers and acquisitions in the U.K. from 1885 to 1925. The lack of a regulatory authority …
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We investigate the impact of increasing bank concentration on bank loan contracts in a lightly regulated environment … competition on bank lending. We study over 30,000 British bank loans over the period 1885 to 1925. Borrowers in counties with high … bank concentration received smaller loans and posted more collateral than borrowers in low concentration counties. In high …
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