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http://hdl.handle.net/10908/18488
Título : | Rising bank concentration |
Autor/a: | D'Erasmo, Pablo |
Mentor/a: | Corbae, Dean |
Fecha de publicación : | dic-2020 |
Editor: | Universidad de San Andrés. Departamento de Economía |
Resumen : | 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. |
Descripción : | Fil: D'Erasmo, Pablo. Universidad de San Andrés. Departamento de Economía; Argentina. |
URI : | http://hdl.handle.net/10908/18488 |
Aparece en las colecciones: | Tesis de Maestría en Economía |
Ficheros en este ítem:
Fichero | Tamaño | Formato | |
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[P][W] T.M. Eco. D'Erasmo, Pablo.pdf | 1.33 MB | Adobe PDF | Visualizar/Abrir |
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