Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Working Paper
Do Small Businesses Still Prefer Community Banks?
Goulding, William; Rice, Tara N.; Berger, Allen N. (2013-12-01)
We formulate and test hypotheses about the role of bank type ? small versus large, single-market versus multimarket, and local versus nonlocal banks ? in banking relationships. The conventional paradigm suggests that "community banks" ? small, single market, local institutions ? are better able to form strong relationships with informationally opaque small businesses, while "megabanks" ? large, multimarket, nonlocal institutions ? tend to serve more transparent firms. Using the 2003 Survey of Small Business Finance (SSBF), we conduct two sets of tests. First, we test for the type of bank ...
International Finance Discussion Papers , Paper 1096

Working Paper
Unexpected Effects of Bank Bailouts: Depositors Need Not Apply and Need Not Run
Schoors, Koen; Lamers, Martien; Berger, Allen N.; Roman, Raluca (2020-03-05)
A key policy issue is whether bank bailouts weaken or strengthen market discipline. We address this by analyzing how bank bailouts influence deposit quantities and prices of recipients versus other banks. Using the Troubled Asset Relief Program (TARP) bailouts, we find both deposit quantities and prices decline, consistent with substantially reduced demand for deposits by bailed-out banks that dominate market discipline supply effects. Main findings are robust to numerous checks and endogeneity tests. However, diving deeper into depositor heterogeneity suggests nuances. Increases in uninsured ...
Working Papers , Paper 21-10

Working Paper
Do bank bailouts reduce or increase systemic risk? the effects of TARP on financial system stability
Sedunov, John; Berger, Allen N.; Roman, Raluca (2016-10-04)
Theory suggests that bank bailouts may either reduce or increase systemic risk. This paper is the first to address this issue empirically, analyzing the U.S. Troubled Assets Relief Program (TARP). Difference-in-difference analysis suggests that TARP significantly reduced contributions to systemic risk, particularly for larger and safer banks located in better local economies. This occurred primarily through a capital cushion channel. {{p}} Results are robust to additional tests, including accounting for potential endogeneity and selection bias. Findings yield policy conclusions about the ...
Research Working Paper , Paper RWP 16-8

Conference Paper
Lines of credit and relationship lending in small firm finance
Berger, Allen N.; Udell, Gregory F. (1994)
Proceedings , Paper 52

Working Paper
Some red flags concerning market value accounting
Kuester, Kathleen A.; Berger, Allen N.; O'Brien, James M. (1989)
Finance and Economics Discussion Series , Paper 85

Discussion Paper
Economies of scale and scope in banking
Benston, George J.; Hanweck, Gerald A.; Berger, Allen N.; Humphrey, David B. (1983)
Research Papers in Banking and Financial Economics , Paper 64

Working Paper
Efficiency of financial institutions: international survey and directions for future research
Berger, Allen N.; Humphrey, David B. (1997)
This paper surveys 130 studies that apply frontier efficiency analysis to financial institutions in 21 countries. The primary goals are to summarize and critically review empirical estimates of financial institution efficiency and to attempt to arrive at a consensus view. We find that the various efficiency methods do not necessarily yield consistent results, and we suggest some ways that these methods might be improved to bring about findings that are more consistent, accurate, and useful. Secondary goals are to address the implications of efficiency results for financial institutions in the ...
Finance and Economics Discussion Series , Paper 1997-11

Working Paper
A Tale of Two Bailouts: Effects of TARP and PPP on Subprime Consumer Debt
Berger, Allen N.; Roman, Raluca; Epouhe, Onesime (2021-09-23)
High levels of subprime consumer debt can create social problems. We test the effects of the Troubled Asset Relief Program (TARP) and Paycheck Protection Program (PPP) bailouts during the Global Financial Crisis and COVID-19 crisis, respectively, on this debt. We use over 11 million credit bureau observations of individual consumer debt combined with banking, bailout, and local market data. We find that subprime consumers with more TARP institutions in their markets had significantly increased debt burdens following these bailouts. In contrast, PPP bailouts were associated with reduced ...
Working Papers , Paper 21-32

Working Paper
The effect of market size structure on competition: the case of small business lending
Rosen, Richard J.; Udell, Gregory F.; Berger, Allen N. (2001)
Banking industry consolidation has raised concern about the supply of small business credit since large banks generally invest lower proportions of their assets in small business loans. However, we find that the likelihood that a small business borrows from a bank of a given size is roughly proportional to the local market presence of banks of that size, although there are exceptions. Moreover, small business loan interest rates depend more on the size structure of the market than on the size of the bank providing the credit, with markets dominated by large banks generally charging lower ...
Working Paper Series , Paper WP-01-10

Working Paper
The profit-concentration relationship in banking
Berger, Allen N. (1991)
Finance and Economics Discussion Series , Paper 176

show more (19)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords