fed speech, 2006-04-06
To recap, these benefits are likely to be- greater banking efficiency (as more-efficient banks acquire less-efficient banks) and greater diversification of banks- higher economic and employment growth, spurred by more-efficient and more-diverse banks- more entrepreneurial activity, as the more bank-dependent sectors of the economy, such as small businesses and entrepreneurs, achieve greater access to credit- reduced economic volatility, as the increase in their geographic diversification and efficiency allows banks to increase their portfolio diversification.
Sentiment: neutral
Topic: mp_economic_activity