This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United … States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank …

savings, and bank profitability and efficiency. It also examines the benefits of public involvement and governance in the …

the lowest feasible level of bank risk. Conversely, if the intermediation technology exhibits constant returns to scale …, or is relatively inefficient, then imperfect competition and intermediate levels of bank risks are optimal. These results …

An important role for bank capital is that of a buffer against unexpected losses. As uncertainty about these losses … increases, the theory predicts an increase in the optimal level of bank capital. This paper investigates this implication … reduction in bank capital ratios of slightly over 1 percentage point. However, I also find suggestive evidence that the …

This paper investigates the degree of bank competition in the euro area, the U.S. and U.K. before and after the recent … financial crisis, and revisits the issue whether the introduction of EMU and the euro have had any impact on bank competition …. The results suggest that the level of bank competition converged across euro area countries in the wake of the EMU. The …