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change borders to estimate treatment effects for 23 separate deregulation events taking place between 1975 and 1990. To … at a 4 90% confidence level in five (and none prior to 1985) out of the 23 deregulation events examined. "Hinterland … consider and reject the possibility that cross-border spillover of deregulation effects may invalidate the empirical design …
Persistent link: https://www.econbiz.de/10013158565
We exploit the introduction of free banking laws in US states during the 1837-1863 period to examine the impact of 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...
Persistent link: https://www.econbiz.de/10010227307
This paper examines the impact of banking deregulation on growth in the U.S. Many states relaxed restrictions on intra … on external financing should grow faster in the post-deregulation period. While this issue had been partly examined in a … case for the U.S.; industries that borrow less from banks in fact grew at a faster rate after deregulation. This could be …
Persistent link: https://www.econbiz.de/10013101782
change borders to estimate treatment effects for 23 separate deregulation events. To distinguish real treatment effects from … in five out of the 23 deregulation events examined. “Hinterland counties” within the still-regulated states, but farther …-border spillover of deregulation effects may invalidate the empirical design. …
Persistent link: https://www.econbiz.de/10011604834
On June 4-5, 2014, SUERF and Baffi Finlawmetrics jointly organised a Colloquium/Conference "Money, Regulation and Growth: Financing New Growth in Europe" at Bocconi University, Milan. The present SUERF Study includes a selection of papers based on the authors’ contributions to the Milan event....
Persistent link: https://www.econbiz.de/10011711957
We explore empirically how capital inflows into the US and financial deregulation within the United States interacted … measure of financial liberalization, we focus on the history of interstate-banking deregulation during the 1980s, i.e. prior … of deregulation: in states that opened their banking markets to out-of-state banks earlier, house prices were more …
Persistent link: https://www.econbiz.de/10010515411
We explore empirically how capital inflows into the US and financial deregulation within the United States interacted … measure of financial liberalization, we focus on the history of interstate-banking deregulation during the 1980s, i.e. prior … of deregulation: in states that opened their banking markets to out-of-state banks earlier, house prices were more …
Persistent link: https://www.econbiz.de/10010459858
We examine the political dynamics which led to the codification of the Principles and Standards for sound compensation practices at financial institutions at international (G 20) level and to their subsequent implementation on both sides of the Atlantic. We show that the regulation of bankers'...
Persistent link: https://www.econbiz.de/10013091649
We assess the impact of bank deregulation on the distribution of income in the United States. From the 1970s through … performance. Exploiting the cross-state, cross-time variation in the timing of branch deregulation, we find that deregulation … little impact on incomes above the median. Bank deregulation tightened the distribution of income by increasing the relative …
Persistent link: https://www.econbiz.de/10013152550
This study investigates the effects of banking deregulation on county-level economic growth in the U.S. during the 1970 … deregulation on local economic growth. For the regions South, West and Northeast, we find significantly positive long-run direct … effects of intrastate branching deregulation on the expected growth rates of counties in the deregulated state itself, up to …
Persistent link: https://www.econbiz.de/10012860307