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Author:Amel, Dean F. 

Working Paper
The effects of local banking market structure on the banking-lending channel of monetary policy

We study the relationship between banking competition and the transmission of monetary policy through the bank lending channel. Using business small loan origination data provided from the Community Reinvestment Act from 1996-2002 in our analysis, we are able to reaffirm the existence of the bank lending channel of monetary transmission. Moreover, we find that the impact of monetary policy on loan originations is weaker in more concentrated markets.
Finance and Economics Discussion Series , Paper 2005-16

Working Paper
The effects of past entry, market consolidation, and expansion by incumbents on the probability of entry

The threat of entry is an important factor in the evaluation of the potential competitive effects of proposed mergers and acquisitions. In the evaluation of proposed bank mergers, a high probability of entry, or strong potential competition, is often found to mitigate the potential anticompetitive effect of a proposed horizontal merger. Because the probability of entry is not directly observed for each local market, variables such as per capita income, population growth and past entry are typically used to predict the probability of future entry. This study extends previous research on the ...
Finance and Economics Discussion Series , Paper 2007-51

Journal Article
Trends in banking structure since the mid-1970's

Federal Reserve Bulletin , Issue Mar , Pages 120-133

Discussion Paper
On the Geographic Scope of Retail Mortgage Markets

In this note, we first discuss why markets for mortgage originations are likely to be national in scope. We then show that even if mortgage markets were local, they would be unconcentrated. Finally, we test for an empirical relationship between the local concentration of mortgage lending and changes in mortgage rates and find essentially no correlation of concentration and rates.
FEDS Notes , Paper 2018-06-15

Working Paper
Banking market definition: evidence from the Survey of Consumer Finances

This paper uses data from the triennial waves of the Survey of Consumer Finances from 1992 to 2004 to examine changes in the use of financial services with implications for the definition of banking markets. Despite powerful technological and regulatory shifts over this period, households' banking markets overall remained largely local--the median distance to a provider of financial services remained under four miles. However, there has been rapid growth in the use of non-depository financial institutions over the period, particularly non-local ones. This increase occurred across a wide ...
Finance and Economics Discussion Series , Paper 2008-35

Working Paper
Dynamics of market concentration

Finance and Economics Discussion Series , Paper 74

Working Paper
Market definition in banking: recent evidence

Antitrust analysis of bank mergers defines banking markets to be geographically local and to consist of the cluster of financial products supplied by commercial banks. This definition is based on assumptions about households' and small businesses' behavior in purchasing banking services. This article utilizes data from the Survey of Consumer Finances to examine how households' use of financial services and institutions changed between 1989 and 1998. We investigate the extent to which households still focus their purchases of financial services at local depository institutions, as opposed to ...
Finance and Economics Discussion Series , Paper 2001-16

Working Paper
Community Bank Performance: How Important are Managers?

Community banks have long played an important role in the U.S. economy, providing loans and other financial services to households and small businesses within their local markets. In recent years, technological and legal developments, as well as changes in the business strategies of larger banks and non-bank financial service providers, have purportedly made it more difficult for community banks to attract and retain customers, and hence to survive. Indeed, the number of community banks and the shares of bank branches, deposits, banking assets, and small business loans held by community banks ...
Finance and Economics Discussion Series , Paper 2014-26

Working Paper
Do firms differ much?

Finance and Economics Discussion Series , Paper 87

Working Paper
Strategic groups in banking

Working Papers in Banking, Finance and Microeconomics , Paper 87-1

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