Journal Article

Has antitrust policy in banking become obsolete?


Abstract: The authors analyze the effect of bank mergers on deposit interest rates, using data on banks responding to the Federal Reserve's Monthly Survey of Selected Deposits over an 11-year period. Their results suggest that banks exercise market power in pricing money market deposits and CD's in their local markets.

Keywords: Antitrust law; Bank mergers; Interest rates;

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File(s): File format is application/pdf http://www.bostonfed.org/economic/neer/neer1998/neer298b.pdf

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: New England Economic Review

Publication Date: 1998

Issue: Mar

Pages: 13-26