1930s to assess the effects of the expansion of large-scale, branch-banking networks on competition and the stability of … banks responded to increased competition from branch banks by changing their operations in ways consistent with efforts to … face competition from branching networks. Our statistical findings thus support the hypothesis that branch banking produces …

findings. Using data on national banks from the 1920s and 1930s, we show that branch banking increases competition and forces … strengthening the branch banks themselves. Our empirical results suggest that the effects that branching had on competition were …

1930s to assess the effects of the expansion of large-scale, branch-banking networks on competition and the stability of … banks responded to increased competition from branch banks by changing their operations in ways consistent with efforts to … face competition from branching networks. Our statistical findings thus support the hypothesis that branch banking produces …

findings. Using data on national banks from the 1920s and 1930s, we show that branch banking increases competition and forces … strengthening the branch banks themselves. Our empirical results suggest that the effects that branching had on competition were …