2008workingpapers_41_OBJ.pdf (270.55 kB)
2008-05 An examination of entry and competitive performance in rural banking markets
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posted on 2023-08-05, 07:49 authored by Robert FeinbergRobert Feinberg, Kara ReynoldsKara ReynoldsThis paper explores the change in the level of competition in rural banking markets since the deregulation that occurred following passage of the Riegle Neal Act of 1994. Using an empirical model that utilizes both the number of banks and the value of deposits in a cross-section of rural markets, we decompose the impact of the entry of new banks into resulting changes in per capita demand and the costs/profits of local banks in both 1994 and 2004. We conclude that the banking market is more competitive today despite the fact that the number of banks may have declined; on average fewer banks are now needed to make rural banking markets competitive than were needed in 1994.
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American University (Washington, D.C.). Department of EconomicsLanguage
EnglishNotes
Working Paper No. 2008-05Handle
http://hdl.handle.net/1961/5009Usage metrics
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