This paper was prepared as a background document to the OECD-European Commission Seminar on ‘When to use financial instruments” held on 28 June 2017 at the OECD Headquarters in Paris, France. It sets a basis for reflection and discussion. This seminar is part of a five-part seminar series in...

This study examines the firm size distribution of US financial institutions. A truncated lognormal distribution describes the size distribution, measured using assets data, of a large population of small, community-based commercial banks. The size distribution of a smaller but increasingly...

We investigate the entry, exit and growth of commercial banks in the United States (US) during the period 1984-2012. Hazard function estimations for the probability of exit via acquisition and failure, and cross-sectional growth regressions examine the impact of exit through merger and...