Financial integration and credit democratization: Linking banking deregulation to economic growth

被引：10

作者：

Berger, Elizabeth A. ^{[1
]}

Butler, Alexander W. ^{[2
]}

Hu, Edwin ^{[3
]}

Zekhnini, Morad ^{[4
]}

机构：

[1] Cornell Univ, Johnson Grad Sch Business, 401H Sage Hall, Ithaca, NY 14850 USA

[2] Rice Univ, Jones Grad Sch Business, 6100 S Main St,MS-531, Houston, TX 77005 USA

[3] US Secur & Exchange Commiss, 100 F St NE, Washington, DC 20549 USA

[4] Tulane Univ, 7 McAlister Dr, New Orleans, LA 70118 USA

来源：

JOURNAL OF FINANCIAL INTERMEDIATION | 2021年 / 45卷

关键词：

BRANCHING DEREGULATION; IMPACT; COMPETITION;

D O I：

10.1016/j.jfi.2020.100857

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We use a matching method that constructs synthetic counterfactual states to identify the channels that link bank deregulation to financial integration, and thereby to economic growth. We document a positive, but conditional, effect of financial integration on economic growth. We explore the heterogeneous effects of financial integration across states depending on the capital mobility in each state. Our results reveal a correlation between financial integration and subsequent banking sector changes related to an expansion in loan recipients. We show that financial integration democratizes lending and spurs economic growth.

引用

页数：14

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