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Financial restructuring and regional economic activity

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  • Brian A. Cromwell

Abstract

An empirical analysis that links employment changes resulting from the birth, death, expansion, and contraction of various-sized banks with the local economic performance of 217 SMSAs over the 1980-82 and 1984-86 periods. Results suggest that the deaths of midsized banks have a negative, but short-lived, impact on economic activity.

Suggested Citation

  • Brian A. Cromwell, 1990. "Financial restructuring and regional economic activity," Economic Review, Federal Reserve Bank of Cleveland, vol. 26(Q III), pages 13-25.
    • Handle: RePEc:fip:fedcer:y:1990:i:qiii:p:13-25:n:v.26no.3
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    File URL: http://www.clevelandfed.org/Research/Review/1990/90-q3-cromwell.pdf
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    Cited by:

    1. Steven Ongena, 1999. "Lending Relationships, Bank Default and Economic Activity," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 6(2), pages 257-280.
    2. Steven Ongena, 1995. "Monetary policy and credit conditions: new evidence," Macroeconomics 9503001, University Library of Munich, Germany.

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