Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/55286
Type: | Journal article |
Title: | Deregulation, intensity of competition, industry evolution and the productivity growth of US commercial banks |
Author: | Tirtiroglu, D. Daniels, K. Tirtiroglu, E. |
Citation: | Journal of Money, Credit and Banking, 2005; 37(2):339-360 |
Publisher: | Ohio State Univ Press |
Issue Date: | 2005 |
ISSN: | 0022-2879 |
Statement of Responsibility: | Dogan Tirtiroglu, Kenneth N. Daniels and Ercan Tirtiroglu |
Abstract: | We study the influence of the evolution in intrastate and interstate deregulations on the total factor productivity growth of U.S. commercial banking during 1971–95. We consider statewide deregulations in intrastate branching, intrastate multibank holding company (MBHC), interstate multibank holding company, and interstate MBHC de novo branching regulations. Results indicate that (1) long-standing banking restrictions negatively affected banks’ productivity growth, and (2) relaxing restrictions on intrastate branching expansion had a positive long-run influence upon banks’ productivity growth. The effect of interstate MBHC deregulations is largely short run, and it is negative in the long run for interstate MBHC de novo branching deregulations. |
Keywords: | deregulation productivity growth commercial banks kalman filter |
Description (link): | http://muse.jhu.edu/journals/journal_of_money_credit_and_banking/ |
Appears in Collections: | Aurora harvest 5 Business School publications |
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