Bank mergers and crime
Subtitle: the real and social effects of credit market competition
By: Mark J. Garmaise, Tobias J. Moskowitz.
Contributors: Moskowitz, Tobias J. 1971-; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11006; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11006.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Bank mergers.; Crime.
Description: "Using a unique sample of commercial loans and mergers between large banks, we provide microlevel (within-county) evidence linking credit conditions to economic development and find a spillover effect on crime.  Neighborhoods that experienced more bank mergers are subjected to higher interest rates, diminished local construction, lower prices, an influx of poorer households, and higher property crime in subsequent years.  The elasticity of property crime with respect to merger-induced banking concentration is 0.18.  We show that these results are not likely due to reverse causation, and confirm the central findings using state branching deregulation to instrument for bank competition"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 1/3/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.