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Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets
Mitchener, Kris James - 2012
). Because regulations affecting bank entry varied considerably across states and the industrial organization of the U.S. banking …
Persistent link: https://www.econbiz.de/10013115288
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Bank deregulation, competition and economic growth : the US free banking experience
Ager, Philipp; Spargoli, Fabrizio - 2013
removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We … find that the introduction of free banking laws stimulated the creation of new banks and led to more bank failures. Our …
Persistent link: https://www.econbiz.de/10010227307
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Disclosure Regulation in the Commercial Banking Industry : Lessons From the National Banking Era
Granja, Joao - 2018
I exploit variation in the adoption of disclosure and supervisory regulation across U.S. states to examine their impact on the development and stability of commercial banks. The empirical results suggest that the adoption of state‐level requirements to report financial statements in local...
Persistent link: https://www.econbiz.de/10012921156
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Banking System : The State Rushes to Rescue
Khromov, Michael - 2016
The volume of state support to the banking sector totaled Rb 1.7 trillion in 2015. In particular, recapitalization of major banks has exceeded Rb 1.1 trillion of which major state banks received Rb 800bn. These measures maintained capital adequacy at the required level
Persistent link: https://www.econbiz.de/10012995640
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Differences in African banking systems : causes and consequences
Mutarindwa, Samuel; Schäfer, Dorothea; Stephan, Andreas - 2021
This paper links banking system development to the colonial and legal history of African countries. Based on a sample of 40 African countries from 2000 to 2018, our empirical findings show a significant dependence of current financial institutions on the inherited legal origin and the...
Persistent link: https://www.econbiz.de/10012430264
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New Bank and Transportation Stock Indexes from 1793 to 1871, with Comparisons Across Region and Sector, and Against Prior Indexes
McQuarrie, Edward F. - 2019
Good data on US stock market returns before the advent of the Cowles' (1939) dataset in 1871 have been scarce. Small samples and an inability to observe dividends render current estimates suspect. I report total return for a much larger sample of stocks before 1871 than heretofore seen. I...
Persistent link: https://www.econbiz.de/10012859998
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Liquidity requirements, free-riding, and the implications for financial stability evidence from the early 1900s
Carlson, Mark; Jaremski, Matthew - 2018
Maintaining sufficient liquidity in the financial system is vital for financial stability. However, since returns on liquid assets are typically low, individual financial institutions may seek to hold fewer such assets, especially if they believe they can rely on other institutions for liquidity...
Persistent link: https://www.econbiz.de/10011927091
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Community, Mega, and Goldilocks Banks in U.S. History
Wright, Robert E. - 2015
Three types of banks, community (small, relationship-based), mega (very large, transaction-based), and goldilocks (middling, mix of relationship and transaction-based) are surveyed throughout U.S. banking history. Megabanks are relatively new and while they pose threats to macroeconomic...
Persistent link: https://www.econbiz.de/10013026222
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Corporate Governance and Risk Management at Unprotected Banks : National Banks in the 1890s
Calomiris, Charles W. - 2014
Managers' incentives may conflict with those of shareholders or creditors, particularly at leveraged, opaque banks. Bankers may abuse their control rights to give themselves excessive salaries, favored access to credit, or to take excessive risks that benefit themselves at the expense of...
Persistent link: https://www.econbiz.de/10013059443
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Corporate Governance and Risk Management at Unprotected Banks : National Banks in the 1890s
Calomiris, Charles W. - 2014
Managers' incentives may conflict with those of shareholders or creditors, particularly at leveraged, opaque banks. Bankers may abuse their control rights to give themselves excessive salaries, favored access to credit, or to take excessive risks that benefit themselves at the expense of...
Persistent link: https://www.econbiz.de/10013060937