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Changes in Twelfth District local banking market structure during a period of industry consolidation

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  • Elizabeth S. Laderman
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    Abstract

    A main public policy concern regarding the massive consolidation of the banking industry between 1984 and 2003 is the consolidation's potential effect on competition in local banking markets. Examining this period for the Twelfth Federal Reserve District, I find, on the whole, moderate increases in concentration in urban markets and decreases in concentration in rural markets, although a number of local markets have shown large increases in concentration to high levels. However, consistent with antitrust enforcement and competition, I find negative and highly statistically significant effects of concentration on the long-run change in concentration and, for high enough levels of initial concentration, actual decreases in concentration.

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    File URL: http://www.frbsf.org/economic-research/publications/economic-review/2005/laderman.pdf
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    Bibliographic Info

    Article provided by Federal Reserve Bank of San Francisco in its journal Economic Review.

    Volume (Year): (2005)
    Issue (Month): ()
    Pages: 15-27

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    Handle: RePEc:fip:fedfer:y:2005:p:15-27

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    Related research

    Keywords: Banking market ; Federal Reserve District; 12th ; Bank mergers;

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    1. Dean F. Amel & Martha Starr-McCluer, 2001. "Market definition in banking: recent evidence," Finance and Economics Discussion Series 2001-16, Board of Governors of the Federal Reserve System (U.S.).
    2. Allen N. Berger & Timothy H. Hannan, 1987. "The price-concentration relationship in banking," Research Papers in Banking and Financial Economics 100, Board of Governors of the Federal Reserve System (U.S.).
    3. Stephen A. Rhoades, 1992. "Evidence on the size of banking markets from mortgage loan rates in twenty cities," Staff Studies 162, Board of Governors of the Federal Reserve System (U.S.).
    4. Stephen A. Rhoades, 1992. "Evidence on the size of banking markets from mortgage loan rates in twenty cities," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Feb, pages 117-118.
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