Search Results
Speech
Ending too big to fail
Remarks at the Global Economic Policy Forum, New York City.
Journal Article
Drive to efficiency leaves smallest banks behind
With higher overhead costs and lower fee income, small banks are in serious danger of getting lapped by their larger competitors. Can community banks find a way to stay on the track?
Conference Paper
Succeeding with size: maintaining growth in large banks
Working Paper
The effect of market size structure on competition: the case of small business lending
Banking industry consolidation has raised concern about the supply of small business credit since large banks generally invest lower proportions of their assets in small business loans. However, we find that the likelihood that a small business borrows from a bank of a given size is roughly proportional to the local market presence of banks of that size, although there are exceptions. Moreover, small business loan interest rates depend more on the size structure of the market than on the size of the bank providing the credit, with markets dominated by large banks generally charging lower ...
Journal Article
In-depth: the big banks: too complex to manage?
Five years after the financial crisis, regulators and lawmakers are still attempting to deal with the big banks?those considered ?too big to fail?. Recent ?misbehaviors? associated with big banks have invigorated the debate: Are these organizations too complex to effectively manage?
Journal Article
Too big to fail: the pros and cons of breaking up big banks
Many people want to put size limits on ?too big to fail? banks, given their risks to the broader economy. Such limits, however, could raise the cost of providing banking services by preventing banks from exploiting economies of scale.
Working Paper
The Differential Impact of Bank Size on Systemic Risk
We examine whether financial stress at larger banks has a different impact on the real economy than financial stress at smaller banks. Our empirical results show that stress experienced by banks in the top 1 percent of the size distribution leads to a statistically significant and negative impact on the real economy. This impact increases with the size of the bank. The negative impact on quarterly real GDP growth caused by stress at banks in the top 0.15 percent of the size distribution is more than twice as large as the impact caused by stress at banks in the top 0.75 percent, and more than ...