Bank supervisors spend a great deal of resources collecting information on banks, information that would be useful to investors and other market participants. Given that duplicating these efforts is expensive, why not require bank supervisors to disclose this information? In this article, the...

This article documents the large changes in the size distribution and size dynamics of banks from 1960 to 2005. The authors find that neither the lognormal distribution nor the Pareto distribution fit the entire distribution, though they each do better with subsets of the distribution. Gibrat's...

A multi-agent, moral-hazard model of a bank operating under deposit insurance and limited liability is used to analyze the connection between compensation of bank employees (below CEO) and bank risk. Limited liability with deposit insurance is a force that distorts effort down. However, the need...

Deterministic and stochastic auditing is introduced into a model of bank capital regulation. Low-capital banks are audited the most. Safe banks hold less capital than risky banks, so, counterintuitively, safe banks are audited more intensively than risky banks. The importance of auditing by...

This is the supplemental material to the paper titled "Branch Expansion versus Digital Banking: The Dynamics of Growth and Inequality in a Spatial Equilibrium Model." It includes additional empirical, theoretical, and quantitative results. It also includes illustration for the numerical...

We develop a heterogeneous-agent model with local spatial markets to study the relationships among bank expansion, growth, and inequality. In the model, households choose their occupations, consumption, and holdings of loans and portfolio assets that vary by liquidity. Banks choose the locations...