Showing 1 - 6 of 6
We study the determinants of value creation within U.S. commercial banks. We focus on three theoretically-motivated drivers of bank value: screening and monitoring, "safe" deposit production, and synergies between deposit-taking and lending. To assess the relative contributions of each, we...
Persistent link: https://www.econbiz.de/10012959377
We develop a structural empirical model of the U.S. banking sector. Insured depositors and run-prone uninsured depositors choose between differentiated banks. Banks compete for deposits and endogenously default. The estimated demand for uninsured deposits declines with banks' financial distress,...
Persistent link: https://www.econbiz.de/10013017755
We study the determinants of value creation in the cross section of U.S. commercial banks. We develop novel measures of individual bank's productivities at collecting deposits and making loans. We relate these measures to bank market values and find that variation in deposit productivity...
Persistent link: https://www.econbiz.de/10012934415
Persistent link: https://www.econbiz.de/10011643484
Persistent link: https://www.econbiz.de/10011649374
We study the determinants of value creation within U.S. commercial banks. We focus on three theoretically-motivated drivers of bank value: screening and monitoring, "safe" deposit production, and synergies between deposit-taking and lending. To assess the relative contributions of each, we...
Persistent link: https://www.econbiz.de/10012455390