Duqi, Andi; McGowan, Danny; Onali, Enrico; Torluccio, … - 2021
Following a natural disaster, the rate of economic growth recovers faster in less competitive banking markets. A 10 …% reduction in competition increases the rate of economic growth by 0.3%. In less competitive markets, banks respond to a disaster … consumers. Instead, government agencies provide disaster loans to affected businesses and households. Smaller, profitable and …