Bank mergers and crime: the real and social effects of credit market competition
"Using a unique sample of commercial loans and mergers between large banks, we provide microlevel (within-county) evidence linking credit conditions to economic development and find a spillover effect on crime. Neighborhoods that experienced more bank mergers are subjected to higher interest ra...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2004
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11006 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | "Using a unique sample of commercial loans and mergers between large banks, we provide microlevel (within-county) evidence linking credit conditions to economic development and find a spillover effect on crime. Neighborhoods that experienced more bank mergers are subjected to higher interest rates, diminished local construction, lower prices, an influx of poorer households, and higher property crime in subsequent years. The elasticity of property crime with respect to merger-induced banking concentration is 0.18. We show that these results are not likely due to reverse causation, and confirm the central findings using state branching deregulation to instrument for bank competition"--National Bureau of Economic Research web site. |
| Physical Description: | 46 S. graph. Darst. |
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| id | DE-604.BV019883973 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T20:08:21Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-013208072 |
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| physical | 46 S. graph. Darst. |
| publishDate | 2004 |
| publishDateSearch | 2004 |
| publishDateSort | 2004 |
| publisher | National Bureau of Economic Research |
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| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Garmaise, Mark J. Verfasser (DE-588)129714186 aut Bank mergers and crime the real and social effects of credit market competition Mark J. Garmaise ; Tobias J. Moskowitz Cambridge, Mass. National Bureau of Economic Research 2004 46 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11006 "Using a unique sample of commercial loans and mergers between large banks, we provide microlevel (within-county) evidence linking credit conditions to economic development and find a spillover effect on crime. Neighborhoods that experienced more bank mergers are subjected to higher interest rates, diminished local construction, lower prices, an influx of poorer households, and higher property crime in subsequent years. The elasticity of property crime with respect to merger-induced banking concentration is 0.18. We show that these results are not likely due to reverse causation, and confirm the central findings using state branching deregulation to instrument for bank competition"--National Bureau of Economic Research web site. Gesellschaft Bank mergers Social aspects Crime Economic aspects Moskowitz, Tobias J. 1971- Verfasser (DE-588)129714224 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11006 (DE-604)BV002801238 11006 http://papers.nber.org/papers/w11006.pdf kostenfrei Volltext |
| spellingShingle | Garmaise, Mark J. Moskowitz, Tobias J. 1971- Bank mergers and crime the real and social effects of credit market competition National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Gesellschaft Bank mergers Social aspects Crime Economic aspects |
| title | Bank mergers and crime the real and social effects of credit market competition |
| title_auth | Bank mergers and crime the real and social effects of credit market competition |
| title_exact_search | Bank mergers and crime the real and social effects of credit market competition |
| title_full | Bank mergers and crime the real and social effects of credit market competition Mark J. Garmaise ; Tobias J. Moskowitz |
| title_fullStr | Bank mergers and crime the real and social effects of credit market competition Mark J. Garmaise ; Tobias J. Moskowitz |
| title_full_unstemmed | Bank mergers and crime the real and social effects of credit market competition Mark J. Garmaise ; Tobias J. Moskowitz |
| title_short | Bank mergers and crime |
| title_sort | bank mergers and crime the real and social effects of credit market competition |
| title_sub | the real and social effects of credit market competition |
| topic | Gesellschaft Bank mergers Social aspects Crime Economic aspects |
| topic_facet | Gesellschaft Bank mergers Social aspects Crime Economic aspects |
| url | http://papers.nber.org/papers/w11006.pdf |
| volume_link | (DE-604)BV002801238 |
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