The Benefits of Branching Deregulation

[...]Our analysis suggests that much of the efficiencyimprovement brought about by branching was attributable to a selection process whereby better performing banksexpanded at the expense of poorer performers. It appears thatthe branching restrictions acted as a ceiling on the size ofwell-managed banks, preventing their expansion andretarding a process of industry evolution in which less efficientfirms routinely lose ground to more efficient ones.[...]

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Year of publication:	1997-12-01
Authors:	Jayaratne, Jith ; Strahan, Philip E.
Institutions:	Federal Reserve Bank <New York, NY>
Published in:	London School of Economics and Political Science - Publications FRBNY ECONOMIC POLICY REVIEW / DECEMBER 1997, 13-29
Subject:	Kreditwesen \| Bank \| Portfoliomanagement \| portfolio management \| Bankfiliale \| Deregulierung

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Extent:	92160 bytes 17 p. application/pdf
Type of publication:	Article
Language:	English
Classification:	Financial theory ; Management of financial services: stock exchange and bank management science (including saving banks) ; Individual Articles ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005870220