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http://hdl.handle.net/10419/19779
  

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dc.contributor.authorCraig, Ben R.en_US
dc.contributor.authorDinger, Valeriyaen_US
dc.coverage.temporal1997-2006en_US
dc.date.accessioned2009-01-28T16:05:41Z-
dc.date.available2009-01-28T16:05:41Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/19779-
dc.description.abstractDespite extensive research interest in the last decade, the banking literature has not reached a consensus on the impact of bank mergers on deposit rates. In particular, results on the dynamics of deposit rates surrounding bank mergers vary substantially across studies. In this paper, we aim for a comprehensive empirical analysis of a bank merger's impact on deposit rate dynamics. We base the analysis on a unique dataset comprising deposit rates of 624 US banks with a monthly frequency for the time period 1997-2006. These data are matched with individual bank and local market characteristics and the complete list of bank mergers in the US. The data allow us to track the dynamics of bank mergers while controlling for the rigidity of the deposit rates and for a range of merger, bank and local market features. An innovation of our work is the introduction of an econometric approach of estimating the change of the deposit rates given their rigidity.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion Paper, Series 2: Banking and Financial Supervision 2008,02en_US
dc.subject.jelL11en_US
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.keywordDeposit rate dynamicsen_US
dc.subject.keywordbank mergersen_US
dc.subject.keyworddeposit rate rigidityen_US
dc.subject.stwBanken_US
dc.subject.stwFusionen_US
dc.subject.stwEinlagengeschäften_US
dc.subject.stwZinsen_US
dc.subject.stwStruktur-Performance-Modellen_US
dc.subject.stwUSAen_US
dc.titleBank mergers and the dynamics of deposit interest ratesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn561203555en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp2:7218-
Appears in Collections:Discussion Paper Series 2: Banking and Financial Studies, Deutsche Bundesbank

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