Banking Deregulation and Growth: A Reappraisal

Konferenzbeitrag

This paper builds on a large literature that has exploited the experiment of US bank branching and inter-state banking deregulation since the 1970s as a natural laboratory that allows to study the real effects of liberalization and financial integration. Whereas most of the literature presented sizable effects of intra-state deregulation on a wide range of economic outcomes, interstate deregulation has generally been found to be much less important. Exploring the interaction between financial development, financial integration and long-term growth we suggest that it is the state-specific chronological order between inter-state banking and intra-state branching deregulations that has interesting implications for the patterns of growth and industrial structure. On the one hand, intra-state branching deregulation was especially important in states that had not yet deregulated their interstate banking regime and for the manufacturing sector. On the other hand, abolishing inter-state banking restrictions had a pronounced effect in states that integrated prior to intrastate branching deregulation and for the financial sector.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2016: Demographischer Wandel - Session: Bank Regulation and Credit Channel ; No. E03-V1

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Financial Aspects of Economic Integration ; Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Stewen, Iryna
• Ereignis: Veröffentlichung
• (wer): ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
• (wo): Kiel und Hamburg
• (wann): 2016

Weitere Informationen

• Handle: http://hdl.handle.net/10419/145586
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ