Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/60681 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorMorgan, Donalden
dc.contributor.authorRime, Bertranden
dc.contributor.authorStrahan, Philipen
dc.date.accessioned2012-08-17T14:28:45Z-
dc.date.available2012-08-17T14:28:45Z-
dc.date.issued2000-
dc.identifier.urihttp://hdl.handle.net/10419/60681-
dc.description.abstractWe investigate how bank migration across state lines over the last quarter century has affected the size and covariance of business fluctuations within states. Starting with a two-state version of the unit banking model in Holmstrom and Triocole (1997), we conclude that the theoretical effect of integration on business cycle size is ambiguous, because some shocks are dampened by integration while others are amplified. Empirically, we find that integration diminishes employment growth fluctuations within states, and decreases the deviations in employment growth across states. In other words, business cycles within states become smaller with integration, but more alike. Our results for the United States bear on the financial convergence under way in Europe, where banks remain highly fragmented across nations.en
dc.language.isoengen
dc.publisher|aFederal Reserve Bank of New York |cNew York, NYen
dc.relation.ispartofseries|aStaff Report |x129en
dc.subject.jelN1en
dc.subject.jelG2en
dc.subject.jelE3en
dc.subject.ddc330en
dc.subject.stwBankensystemen
dc.subject.stwStrukturwandelen
dc.subject.stwMarktintegrationen
dc.subject.stwFusionen
dc.subject.stwRegionaler Konjunkturzyklusen
dc.subject.stwTheorieen
dc.subject.stwUSAen
dc.titleBank integration and business volatility-
dc.typeWorking Paperen
dc.identifier.ppn331604477en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
102.95 kB





Publikationen in EconStor sind urheberrechtlich geschützt.