A Primer on Unconventional Energy and Deposit Shocks

25 Pages Posted: 21 Dec 2013

See all articles by Matthew C. Plosser

Matthew C. Plosser

Federal Reserve Banks - Federal Reserve Bank of New York

Date Written: December 19, 2013

Abstract

Unconventional energy development requires large payments to landowners resulting in significant increases in local bank deposits. This paper identifies counties impacted by unconventional energy development in the United States in order to analyze these unsolicited increases in bank deposits. I outline the methodology used to classify impacted counties and I characterize the behavior of local deposits. I conclude that the deposit shock is meaningful in magnitude, persistent, and unsolicited by banks.

Keywords: banks, natural experiement, deposits

JEL Classification: G21 G32

Suggested Citation

Plosser, Matthew C., A Primer on Unconventional Energy and Deposit Shocks (December 19, 2013). Available at SSRN: https://ssrn.com/abstract=2370082 or http://dx.doi.org/10.2139/ssrn.2370082

Matthew C. Plosser (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
82
Abstract Views
1,354
rank
356,362
PlumX Metrics