of deregulation: in states that opened their banking markets to out-of-state banks earlier, house prices were more … sensitive to capital inflows. We provide evidence that global imbalances were a major positive funding shock for US wide banks …: different from local banks, these banks held a geographically diversified portfolio of mortgages which allowed them to tap the …

of deregulation: in states that opened their banking markets to out-of-state banks earlier, house prices were more … sensitive to capital inflows. We provide evidence that global imbalances were a major positive funding shock for US wide banks …: different from local banks, these banks held a geographically diversified portfolio of mort- gages which allowed them to tap the …

of deregulation: in states that opened their banking markets to out-of-state banks earlier, house prices were more … sensitive to capital inflows. We provide evidence that global imbalances were a major positive funding shock for US wide banks …: different from local banks, these banks held a geographically diversified portfolio of mortgages which allowed them to tap the …

of deregulation: in states that opened their banking markets to out-of-state banks earlier, house prices were more … sensitive to capital inflows. We provide evidence that global imbalances were a major positive funding shock for US wide banks …: different from local banks, these banks held a geographically diversified portfolio of mortgages which allowed them to tap the …

opened their banking markets to out-of-state banks earlier, house prices were more sensitive to aggregate U.S. capital ….S. banks more than those of local banks. Therefore, integrated banks absorbed a larger share of capital inflows and expanded …

open areas, because geographically diversified banks were more elastic in their lending response to household’s increased …

open areas, because geographically diversified banks were more elastic in their lending response to household's increased …

open areas, because geographically diversified banks were more elastic in their lending response to household’s increased …

open areas, because geographically diversified banks were more elastic in their lending response to household’s increased …

open areas, because geographically diversified banks were more elastic in their lending response to household’s increased …