作者：Santa Clara University
摘要：Even after controlling for local economic conditions, differences in supervision and regulation help explain the large variation in state bank suspension rates across U.S. counties during the Great Depression. More stringent capital requirements lowered suspension rates whereas laws prohibiting branch banking and imposing high reserve requirements raised them. States whose bank supervisors could liquidate banks minimized contagion and credit-channel dislocations and experienced lower suspensio...
作者：University of California System; University of California Santa Barbara
作者：University of North Carolina; University of North Carolina Chapel Hill
作者：Louisiana State University System; Louisiana State University
作者：Grand Valley State University
摘要：This article studies the effects of branch banking restrictions on American firm investment and growth. Authors have suggested that the lack of widespread branching bank networks hindered the development of large-scale industrial firms. This article presents a model that implies that restrictions on branch banking cause the severity of external finance constraints to increase with firm size. This hypothesis is tested using a panel data set of over 250 firms for 1911-1922. Investment and growth...
作者：University of Wisconsin System; University of Wisconsin Madison
