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Author:Wolken, John D. 

Working Paper
Do consumers \"cluster\" their banking services? (An economic exegesis with evidence)

Working Papers in Banking, Finance and Microeconomics , Paper 86-4

Working Paper
Does distance matter in banking?

Deregulation and technological change have reduced the transactions costs that led to the dominance of local financial service suppliers, leading some to question if distance still matters in banking. This debate has been particularly acute in small business banking, where transactions costs are believed to be particularly high. This paper provides a detailed review of the literature on distance in banking markets, highlighting the reasons why geographic proximity is believed to be important and examining the changes that may have affected its importance. Relying on new data from the 2003 ...
Finance and Economics Discussion Series , Paper 2008-34

Working Paper
Returns to bidders and targets in the acquisition process: evidence from the banking industry

Finance and Economics Discussion Series , Paper 64

Journal Article
Financial services used by small businesses: evidence from the 1998 survey of small business finances

Using newly available data from the 1998 Survey of Small Business Finances, this article offers preliminary findings regarding the characteristics of small businesses in the United States and their use of credit and other financial services. The main goals of the survey are to provide information on credit accessibility for small businesses, their use of financial services, and the sources of those services. The survey also provides a general-purpose database that can be used to study small business financing. Preliminary findings suggest that although the financial landscape has changed ...
Federal Reserve Bulletin , Volume 87 , Issue Apr

Discussion Paper
Banking markets and the use of financial services by small and medium- sized businesses

Staff Studies , Paper 160

Journal Article
Financial services used by small businesses: evidence from the 2003 Survey of Small Business Finances

Federal Reserve Bulletin , Volume 92 , Issue Oct

Working Paper
Competition, small business financing, and discrimination: evidence from a new survey

Using data from the 1993 National Survey of Small Business Finances, we examine some of the factors influencing differences in small business credit market experiences across demographic groups. We analyze credit applications, loan denials, and interest rates paid across gender, race and ethnicity of small business owners. In addition, we analyze data gathered from small business owners who said they did not apply for credit because they believed that their application would have been turned down. This set of analyses, in combination with important new information on the personal credit ...
Finance and Economics Discussion Series , Paper 1999-25

Working Paper
Small business loan turndowns, personal wealth and discrimination

Using newly available data from the Federal Reserve, we examine the impact of personal wealth on small business loan turndowns across demographic groups. Information on home ownership, home equity, and personal net worth excluding the business owner's home, in combination with data on the personal credit history of the principal owner, the business credit history of the firm, a rich set of additional explanatory variables, and information on the competitiveness of local banking markets, contributes to our understanding of the credit market experiences of small businesses across demographic ...
Finance and Economics Discussion Series , Paper 2002-35

Working Paper
Starting small and ending big -- the effect of monetary incentives on response rates in the 2003 Survey of Small Business Finances: an observational experiment

In 2003, the Survey of Small Business Finances (SSBF), conducted by the Federal Reserve Board, implemented the use of incentives to increase response rates. This study examines the effects of some of the characteristics of the implementation - such as level of effort, time in queue, and consecutively-increasing incentive amounts - on unit response. Our estimates suggest that as the number of days increase between the initial screener and main interview, the probability of completion decreases. Similarly, as the number of days increases between each consecutive incentive offer the probability ...
Finance and Economics Discussion Series , Paper 2008-26

Journal Article
Banking markets and the use of financial services by households

Federal Reserve Bulletin , Issue Mar , Pages 169-181

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