Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/145586
Authors: 
Stewen, Iryna
Year of Publication: 
2016
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2016: Demographischer Wandel - Session: Bank Regulation and Credit Channel E03-V1
Abstract: 
This paper builds on a large literature that has exploited the experiment of US bank branching and inter-state banking deregulation since the 1970s as a natural laboratory that allows to study the real effects of liberalization and financial integration. Whereas most of the literature presented sizable effects of intra-state deregulation on a wide range of economic outcomes, interstate deregulation has generally been found to be much less important. Exploring the interaction between financial development, financial integration and long-term growth we suggest that it is the state-specific chronological order between inter-state banking and intra-state branching deregulations that has interesting implications for the patterns of growth and industrial structure. On the one hand, intra-state branching deregulation was especially important in states that had not yet deregulated their interstate banking regime and for the manufacturing sector. On the other hand, abolishing inter-state banking restrictions had a pronounced effect in states that integrated prior to intrastate branching deregulation and for the financial sector.
JEL: 
G21
F36
O47
Document Type: 
Conference Paper

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