Conference Paper
Moral hazard, equity issuance and recoveries of undercapitalized banks
Spivey, Michael F.; Dahl, Drew (1991)
Proceedings , Paper 323

Conference Paper
Community Reinvestment Act rating downgrades and changes in bank lending behavior
Spivey, Michael F.; Evanoff, Douglas D.; Dahl, Drew (1999)
Proceedings , Paper 634

Working Paper
Does the Community Reinvestment Act influence lending? an analysis of changes in bank low-income mortgage activity
Spivey, Michael F.; Evanoff, Douglas D.; Dahl, Drew (2000)
Anecdotal evidence that the Community Reinvestment Act (CRA) influences the lending behavior of financial institutions has not been uniformly supported by empirical research. We revisit this issue by evaluating changes in low-income mortgage lending at commercial banks over the 1992-96 period. Our empirical results fail to support a hypothesis that banks respond to public and regulatory pressure exerted as a result of a downgrade in CRA rating by increasing low-income mortgage lending. The findings are consistent with the contention that during this period regulators stressed adjustments in ...
Working Paper Series , Paper WP-00-6