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You searched for subject:(Riegle Neal Act). Showing records 1 – 2 of 2 total matches.

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Boston University

1. Park, Yang Shin. Three essays in bank mergers and market structure.

Degree: PhD, Economics, 2015, Boston University

I analyze the effects of bank mergers and competitive market structure after the Riegle-Neal Interstate Banking and Branching Efficiency Act. The first chapter studies the incentives to decide mergers and the effects of market competition. Nationwide branching from deregulation and the resulting bank consolidation have brought more a competitive market environment. In particular, branch networks play an important role in bank merger analysis. Using commercial banks' branch-level location data in Texas from 1994 to 2005, I estimate a two-sided matching model of merging and target banks with transferable utility. To study post-match values, I apply the maximum score estimator developed by Fox (2010). I find the positive assortative matching of bank sizes and I confirm that a bank prefers matching with target banks that have geographically overlapping markets. Moreover, I extend the standard matching model to incorporate externalities of market competition and the merger activities of rivals. Competitive rivals lessen the effects of mergers but mergers that increase market power have positive externalities on unmatched banks. The second chapter develops a structural model of demand and supply for retail banking to predict post-merger price. Ownership consolidation can affect not only price but also product characteristics. Once demand parameters and price elasticities are estimated, the adjustments in banking characteristics following mergers are considered in order to estimate marginal costs. I apply Peters’ (2006) simulation methods to account for the discrepancy between simulated merger changes and actual changes. The third chapter builds on an entry model of Berry and Waldfogel (1999) to quantify market competition. Significant consolidation waves after the Riegle-Neal Act brought a decrease in the number of banking institutions, while the relaxation of branching regulations almost doubled the number of bank branches and fortified market competition. When a new branch with high quality enters, I analyze the effects of market deposit expansion, business stealing from rival incumbent banks and cannibalization from other branches operated by the same bank. I find evidence that business stealing effects dominate cannibalization effects as market size increases. However, the impact of competition is localized and cannibalization effects are rather reversed at remote distances.

Subjects/Keywords: Economics; Riegle-Neal Act; Bank mergers; Market competition; Two-sided matching

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Park, Y. S. (2015). Three essays in bank mergers and market structure. (Doctoral Dissertation). Boston University. Retrieved from http://hdl.handle.net/2144/14067

Chicago Manual of Style (16th Edition):

Park, Yang Shin. “Three essays in bank mergers and market structure.” 2015. Doctoral Dissertation, Boston University. Accessed September 18, 2020. http://hdl.handle.net/2144/14067.

MLA Handbook (7th Edition):

Park, Yang Shin. “Three essays in bank mergers and market structure.” 2015. Web. 18 Sep 2020.

Vancouver:

Park YS. Three essays in bank mergers and market structure. [Internet] [Doctoral dissertation]. Boston University; 2015. [cited 2020 Sep 18]. Available from: http://hdl.handle.net/2144/14067.

Council of Science Editors:

Park YS. Three essays in bank mergers and market structure. [Doctoral Dissertation]. Boston University; 2015. Available from: http://hdl.handle.net/2144/14067


University of Georgia

2. Angrish, Devshree. Can macroeconomic fundamentals predict the performance of commercial banks?.

Degree: 2014, University of Georgia

The objective of this thesis is to evaluate the relative significance of macroeconomic fundamentals in predicting the performance of commercial banks in the United States. The performance of commercial banks is measured by the aggregate Return on Average Assets (ROA) of U.S. commercial banks from 1987-2007. I conduct an empirical investigation to explain the relation between macroeconomic fundamentals and commercial banks’ performance, and show how shocks to macroeconomic fundamentals affect forecast of commercial banks’ performance. The empirical analysis is performed using U.S. macroeconomic data and financial data from U.S. commercial banks. The results show that except for gross domestic product, all the macroeconomic fundamentals significantly predict the performance of commercial banks and can therefore be used by policy makers to measure the effect of macroeconomic policy shocks on the condition of the commercial banks.

Subjects/Keywords: Macroeconomic Fundamentals; Commercial Banks’ Performance; ROA; Recursive VAR; Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994.

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Angrish, D. (2014). Can macroeconomic fundamentals predict the performance of commercial banks?. (Thesis). University of Georgia. Retrieved from http://hdl.handle.net/10724/26557

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Angrish, Devshree. “Can macroeconomic fundamentals predict the performance of commercial banks?.” 2014. Thesis, University of Georgia. Accessed September 18, 2020. http://hdl.handle.net/10724/26557.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Angrish, Devshree. “Can macroeconomic fundamentals predict the performance of commercial banks?.” 2014. Web. 18 Sep 2020.

Vancouver:

Angrish D. Can macroeconomic fundamentals predict the performance of commercial banks?. [Internet] [Thesis]. University of Georgia; 2014. [cited 2020 Sep 18]. Available from: http://hdl.handle.net/10724/26557.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Angrish D. Can macroeconomic fundamentals predict the performance of commercial banks?. [Thesis]. University of Georgia; 2014. Available from: http://hdl.handle.net/10724/26557

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

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