Bank Mergers and Deposit Rate Rigidity
Autor(en): | Dinger, Valeriya | Stichwörter: | Bank market structure; Bank mergers; Business & Economics; Business, Finance; COMPETITION; Hazard rate; INDUSTRY; Interest rate dynamics; LOAN; MARKET; PRICES; TRANSMISSION | Erscheinungsdatum: | 2015 | Herausgeber: | SPRINGER | Journal: | JOURNAL OF FINANCIAL SERVICES RESEARCH | Volumen: | 47 | Ausgabe: | 1 | Startseite: | 27 | Seitenende: | 56 | Zusammenfassung: | In this paper, I empirically explore the relation between bank mergers and the rigidity of banks' deposit rates. I find that merging banks are more likely to change their deposit rates in the first months following a merger. However, in the long term, merging banks change their deposit rates less frequently than non-merging banks. This finding is particularly true after mergers with large target banks and after mergers with a substantial geographical expansion of the bank's operations. The documented post-merger deposit rate rigidity has important implications for the evaluation of merger effects in the context of anti-trust and monetary policies. |
ISSN: | 09208550 | DOI: | 10.1007/s10693-013-0182-2 |
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geprüft am 15.05.2024