| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26838 |
| 来源ID | Working Paper 26838 |
| Rising Bank Concentration | |
| Dean Corbae; Pablo D'; Erasmo | |
| 发表日期 | 2020-03-09 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Concentration of insured deposit funding among the top four commercial banks in the U.S. has risen from 15% in 1984 to 44% in 2018, a roughly three-fold increase. Regulation has often been attributed as a factor in that increase. The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 removed many of the restrictions on opening bank branches across state lines. We interpret the Riegle-Neal act as lowering the cost of expanding a bank's funding base. In this paper, we build an industry equilibrium model in which banks endogenously climb a funding base ladder. Rising concentration occurs along a transition path between two steady states after branching costs decline. |
| 主题 | Macroeconomics ; Money and Interest Rates ; Financial Economics ; Financial Institutions ; Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w26838 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584511 |
| 推荐引用方式 GB/T 7714 | Dean Corbae,Pablo D',Erasmo. Rising Bank Concentration. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26838.pdf（951KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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