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The Effect of Removing Geographic Restrictions on Banking in the United States: Lessons for Europe

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  • Randall S. Kroszner

Abstract

In this paper the author argues that cross‐border, intra‐European bank mergers are likely to generate benefits similar to those enjoyed in the United States when interstate banking restrictions were removed. These benefits include greater banking efficiency, higher economic and employment growth, more entrepreneurial activity, and reduced economic volatility.

Suggested Citation

  • Randall S. Kroszner, 2008. "The Effect of Removing Geographic Restrictions on Banking in the United States: Lessons for Europe," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 17(1), pages 5-18, February.
    • Handle: RePEc:wly:finmar:v:17:y:2008:i:1:p:5-18
    DOI: 10.1111/j.1468-0416.2007.00128.x
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    References listed on IDEAS

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    1. Jith Jayaratne & Philip E. Strahan, 1996. "The Finance-Growth Nexus: Evidence from Bank Branch Deregulation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(3), pages 639-670.
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