Search Results
Journal Article
Bank consolidation and merger activity following the crisis.
Michal Kowalik, Troy Davig, Charles S. Morris, and Kristen Regehr analyze the financial characteristics of acquired community banks from 2011 to 2014.
Journal Article
Banking market structure in Tenth District states, 1973-83
Journal Article
Does money still forecast economic activity?
Journal Article
Managing stock market risk with stock index futures
Journal Article
Why do banks' loan losses differ?
Journal Article
Competition in Local Agricultural Lending Markets: The Effect of the Farm Credit System
Charles S. Morris, James Wilkinson, and Eric Hogue assess the effects of Farm Credit Association lending on measures of competition in agricultural banking markets.
Working Paper
The determinants of banking market structure
Journal Article
What explains low net interest income at community banks?
Community bank performance has improved significantly since the financial crisis but is still below pre-crisis levels. One key concern is net interest income, which rose early in the recovery but now is near a 40-year low. Net interest income is important to the long-term viability of community banks because it is their core source of revenue. Given community banks' significance to local households and businesses, policymakers, bankers, and other stakeholders would like to know whether low net interest income is the "new normal" or if it will reverse when the economy improves. Morris and ...
Journal Article
Fiscal policies aimed at spurring capital formation: a framework for analysis
In recent years, policymakers have proposed various fiscal policies to spur long-run economic growth through increased capital formation. The Bush Administration, for example, proposed lowering the capital gains tax rate. The Clinton Administration, among other measures in its economic package, proposed reinstituting the investment tax credit. These proposals stem from heightened concerns that the U.S. economy has been growing by less than its long-run potential, and from the judgment that this subpar growth is due in part to deficient capital formation.> Chirinko and Morris present a ...