Entry restrictions, industry evolution, and dynamic efficiency: Evidence from commercial banking

Journal of Law and Economics

Volumn 41, Issue 1, 1998, Pages 239-273

  Jayaratne, Jith ^a   Strahan, Philip E ^a  

^a FEDERAL RESERVE BANK OF NEW YORK   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0000550561     PISSN: 00222186     EISSN: None     Source Type: Journal    
DOI: 10.1086/467390     Document Type: Article

References (34)

1. Amel, Dean F. "State Laws Affecting the Geographic Expansion of Commercial Banks." Unpublished manuscript. Washington, D.C.: Board of Governors of the Federal Reserve System, 1993.
2. Amel, Dean F., and Liang, J. Nellie. "The Relationship between Entry into Banking Markets and Changes in Legal Restrictions on Entry." Antitrust Bulletin 37 (1992): 631-49.
3. Berger, Allen N., and de Young, Robert. "Problem Loans and Cost Efficiency in Commercial Banks." Journal of Banking and Finance 21 (1997): 849-70.
4. Berger, Allen N., and Hannan, Timothy H. "The Price-Concentration Relationship in Banking." Review of Economics and Statistics 71 (1989): 291-99.
5. Berger, Allen N.; Hunter, William C.; and Timme, Stephen G. "The Efficiency of Financial Institutions: A Review and Preview of Research Past, Present and Future." Journal of Banking and Finance 17 (1993): 221-49.
6. Berger, Allen N.; Kashyap, Anil K; and Scalise, Joseph M. "The Transformation of the U.S. Banking Industry: What a Long Strange Trip It's Been." Brookings Papers on Economic Activity, No. 2 (1995), pp. 55-201.
7. Calem, Paul. "The Impact of Geographic Deregulation on Small Banks." Business Review: Federal Reserve Bank of Philadelphia (December 1994), pp. 17-31.
8. Calomiris, Charles. "Regulation, Industrial Structure, and Instability in U.S. Banking: An Historical Perspective." In Structural Change in Banking, edited by Michael Klausner and Lawrence J. White, pp. 19-116. Homewood, III.: Business 1 Irwin, 1993.
9. Caves, Douglas; Christensen, Laurits; and Swanson, Joseph. "Economic Performance in Regulated and Unregulated Environments: A Comparison of U.S. and Canadian Railroads." Quarterly Journal of Economics 96 (1981): 559-81.
10. Chapman, John, and Westerfield, Ray. Branch Banking. New York: Harper & Brothers, 1942.
11. Demsetz, Rebecca S.; Saidenberg, Marc R,; and Strahan, Philip E. "Banks with Something to Lose: The Disciplinary Role of Franchise Value." Federal Reserve Bank of New York Economic Policy Review 2 (1996): 1-14.
12. Demsetz, Rebecca S., and Strahan, Philip E. "Size, Diversification and Risk at U.S. Bank Holding Companies." Journal of Money, Credit and Banking 29 (1997): 300-313.
13. Economides, Nicholas; Hubbard, R. Glenn; and Palia, Darius. "The Political Economy of Branching Restrictions and Deposit Insurance: A Model of Monopolistic Competition among Small and Large Banks." Journal of Law and Economics 39 (1996): 667-704.
14. Evanoff, Douglas D., and Fortier, Diana L. "Reevaluation of the StructureConduct-Performance Paradigm in Banking." Journal of Financial Research 1 (June 1988): 277-94.
15. Federal Deposit Insurance Corporation. Historical Statistics on Banking. Washington, D.C.: Federal Deposit Insurance Corporation, 1993.
16. Flannery, Mark J. "The Social Costs of Unit Banking Restrictions." Journal of Monetary Economics 13 (1984): 237-49.
17. Hsiao, Cheng. Analysis of Panel Data. Cambridge: Cambridge University Press, 1986.
18. Hubbard, R. Glenn, and Palia, Darius. "Executive Pay and Performance: Evidence from the U.S. Banking Industry." Journal of Financial Economics 39 (1995): 105-30.
19. Jayaratne, Jith, and Strahan, Philip E. "The Finance-Growth Nexus: Evidence from Bank Branch Deregulation." Quarterly Journal of Economics 111 (1996): 639-70.
20. Joskow, Paul L. Controlling Hospital Costs: The Role of Government Regulation. Cambridge, Mass.: MIT Press, 1981.
21. Kane, Edward. "De Jure Interstate Banking: Why Only Now?" Journal of Money, Credit and Banking 28 (May 1996): 141-61.
22. Keeley, Michael C. "Deposit Insurance, Risk and Market Power in Banking." American Economic Review 80 (1990): 1183-1200.
23. Kroszner, Randall S., and Strahan, Philip E. "The Political Economy of Deregulation: Evidence from the Relaxation of Bank Branching Restrictions in the United States." Research Paper No. 9720. New York: Federal Reserve Bank of New York, June 1997.
24. McLaughlin, Susan. "The Impact of Interstate Banking and Branching Reform: Evidence from the States." Current Issues in Economics and Finance 1 (1995): 1-5.
25. Moore, Robert R. "Does Geographic Liberalization Really Hurt Small Banks?" Financial Industry Studies: Federal Reserve Bank of Dallas (December 1995), pp. 1-12.
26. Morrison, Steven, and Winston, Clifford. The Economic Effects of Airline Deregulation. Washington, D.C.: Brookings Institution, 1986.
27. Peristiani, Stavros. "Do Mergers Improve the X-Efficiency and Scale Efficiency of U.S. Banks? Evidence from the 1980s." Journal of Money, Credit, and Banking 29 (1997): 326-37.
28. Prowse, Stephen. "Alternative Methods of Corporate Control in Commercial Banks." Federal Reserve Bank of Dallas Economic Review (3d quarter, 1995), pp. 24-36.
29. Rhoades, Stephen. "Welfare Loss, Redistribution Effects and Restriction of Output Due to Monopoly in Banking." Journal of Monetary Economics 9 (1982): 375-87.
30. Rhoades, Stephen. "The Operating Performance of Acquired Firms in Banking before and after Acquisitions." Federal Reserve Board of Governors Staff Study No. 149. Washington, D.C.: Board of Governors of the Federal Reserve System, 1986.
31. Rhoades, Stephen. "Bank Mergers and Industrywide Structure, 1980-94." Federal Reserve Board of Governors Staff Study No. 169. Washington, D.C.: Board of Governors of the Federal Reserve System, 1996.
32. Schranz, Mary S. "Takeovers Improve Firm Performance: Evidence from the Banking Industry." Journal of Political Economy 101 (1993): 299-326.
33. White, Halbert. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity." Econometrica 48 (1980): 817-38.
34. Winston, Clifford. "Economic Deregulation: Days of Reckoning for Microeconomists." Journal of Economic Literature 31 (1993): 1263-89.