Regulatory Competition and Cross-Fertilization in the US Banking Markets
41 Pages Posted: 23 May 2014
Date Written: May 23, 2014
Abstract
We examine empirically cross-fertilization in the productivity growth of banks between a state and its neighboring and non-neighboring states before (1971-1977) and during (1982-1995) the interstate multibank holding company (IMBHC) deregulations, upon which, cross-border bank M&As, mainly among neighboring states, could enhance cross-fertilization by injecting new blood and awakening the market for corporate control. Results show that cross-fertilization in bank performance, observed among neighboring states during 1971-1977, gets stronger during 1982-1995.
Keywords: Bank deregulations, Commercial Banks, Contestability, Spatial Interaction, Tiebout Model, Productivity Growth, Kalman Filter
JEL Classification: G21, G28, G34, K23, D24, C23, R12
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Social Networks and Interactions in Cities
By Robert W. Helsley and Yves Zenou
-
Social Networks and Interactions in Cities
By Robert W. Helsley and Yves Zenou
-
Social Interactions and Labour Market Outcomes in Cities
By Yves Zenou
-
Social Interactions and Labor Market Outcomes in Cities
By Yves Zenou
-
Social Interactions and Labor Market Outcomes in Cities
By Yves Zenou
-
Spatial Versus Social Mismatch: The Strength of Weak Ties
By Yves Zenou
-
Do as the Neighbors Do: The Impact of Social Networks on Immigrant Employment
By Fredrik Andersson, Simon M. Burgess, ...
-
By Jean Gordon, Gábor Halász, ...
-
By Buly A. Cardak and Joe Vecci