This paper presents a new mechanism through which the geography of bank deposits increases financial fragility. We document the within-bank geographic concentration of deposits -- 30% of bank deposits are concentrated in a single county. We combine this within-bank geographic concentration of...

Government intervention in the housing market was partially driven by research showing that foreclosures lower neighboring housing values and thus increase neighbors' risk of foreclosure. While prior research has consistently identified a negative spillover effect of foreclosures on nearby...

We incorporate arguments from the Tiebout model into the regulatory competition equilibrium and study cross-fertilization in the productivity growth of banks between those in a state and others in this state's neighboring states. Empirically, we focus on two time periods: before (i.e.,...

This study investigates the mortgage lending of banks operating in multiple U.S. metropolitan areas during the housing market collapse of 2007-2009. We show that multimarket banks reduced local portfolio lending in response to high overall mortgage delinquencies in their other markets,...

For the impartial observer of German regions, differences in regional industrial structures and prosperity are quite obvious. On the one hand, there are regions characterised by different industries, firm structures and labour qualification profiles. On the other hand, some of these regions are...

The paper suggests and studies count data models corresponding to previously studied spatial econometric models for continuous variables. A novel way of incorporating spatial weights is considered for both time and space dynamic models with or without simultaneity. The paper also contains a...

For the impartial observer of German regions, differences in regional industrial structures and prosperity are quite obvious. On the one hand, there are regions characterised by different industries, firm structures and labour qualification profiles. On the other hand, some of these regions are...

Research over the past several years has led to development of models characterizing equilibrium in a system of local jurisdictions. More recently, there have been a number of studies which have tried to estimate these models. The evidence suggests that simple parametric models can explain the...

The paper deals with the question which determinants can explain regional differences in the number of start-ups in Austrian and Western German districts when observing the business related service sector. We separate our sample in firms operating in knowledge intensive sectors and start-ups...