Failure in the Margins: Local Exposure to Non-local Bank Distress
Job market paper examining how local economies are affected when non-local banks with local branch operations fail. Uses FDIC data on US bank failures (1976-2016) to identify causal effects on credit supply and real economic outcomes through spatial branch networks.
Stress Tests on Main Street: Tracing Holding-Company Exposure Through Branch Networks
Examines how stress test results for bank holding companies transmit through branch networks to affect local lending and real economic outcomes. Uses Federal Reserve stress test data linked to branch-level lending outcomes.
Consolidation-Driven De-Branching: Overlap Effects in Quasi-Exogenous Bank M&A
Studies how bank mergers and acquisitions lead to branch closures in overlapping markets. Exploits exogenous variation in regulatory approval timing to identify causal impact on local banking competition and credit availability.