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Bank Integration and State Business Cycles Author info | Abstract | Publisher info | Download info | Related research | Statistics Donald Morgan
Bertrand Rime
Philip E. Strahan
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We investigate how integration of bank ownership across states has affected economic volatility within states. In theory, bank integration could cause higher or lower volatility, depending on whether credit supply or credit demand shocks predominate. In fact, year-to-year fluctuations in a state's economic growth fall as its banks become more integrated (via holding companies) with banks in other states. As the bank linkages between any pair of states increase, fluctuations in those two states tend to converge. We conclude that interstate banking has made state business cycles smaller, but more alike. © 2004 MIT Press
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Article provided by MIT Press in its journal The Quarterly Journal of Economics .
Volume (Year): 119 (2004)
Issue (Month): 4 (November)
Pages: 1555-1584
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Handle: RePEc:tpr:qjecon:v:119:y:2004:i:4:p:1555-1584Contact details of provider: Web page: http://mitpress.mit.edu/journals/
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Paper Donald Morgan & Bertrand Rime & Philip Strahan, 2003.
"Bank Integration and State Business Cycles ,"
NBER Working Papers
9704, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Morgan, Donald & Rime, Bertrand & Strahan, Philip E., 2004.
"Bank Integration and State Business Cycles ,"
SIFR Research Report Series
30, Institute for Financial Research.
[Downloadable!] References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Donald Morgan & Bertrand Rime & Philip Strahan, 2003.
"Bank Integration and State Business Cycles ,"
NBER Working Papers
9704, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Morgan, Donald & Rime, Bertrand & Strahan, Philip E., 2004.
"Bank Integration and State Business Cycles ,"
SIFR Research Report Series
30, Institute for Financial Research.
[Downloadable!] Donald Morgan & Bertrand Rime & Philip E. Strahan, 2004.
"Bank Integration and State Business Cycles ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 119(4), pages 1555-1584, November.
[Downloadable!] (restricted) Houston, Joel & James, Christopher & Marcus, David, 1997.
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Jayaratne, Jith & Strahan, Philip E, 1996.
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