We study the effects of structural changes in banking markets on the supply of credit to small businesses. Specifically, we examine whether bank mergers and acquisitions (M&As) and entry have "external" effects on small business loans by other banks in the same local markets.

This paper explores the relationship between the Australian real estate andequity market between 1980 and 1999. The results from this study showthree specific outcomes that extend the current literature on real estatefinance. First, it is shown that structural shifts in stock and property...