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| Tekijä: | Vera, D. Onji, K. |
| Otsikko: | Changes in the banking system and small business lending |
| Lehti: | Small business economics
2010 : APR, VOL. 34:3, p. 293-308 |
| Asiasana: | banking financing small business USA loans |
| Kieli: | eng |
| Tiivistelmä: | Since small businesses (here as: smbs.) typically turn on small banks as their primary source of financing, there are concerns that the bank consolidation wave of the 1990s may have reduced the loan availability to smbs. in the United States (U.S). Based on a panel of state-level banking information from 1993 to 2002, it is shown herein that the RiegleNeal Interstate Banking and Branching Efficiency Act of 1994 reduced the number of small banks, but not the amount of smbs. lending. It is also shown that small banks are participating less in smbs. lending. These results imply that the bank-lending channel of the monetary transmission mechanism became less important in the U.S. in the late 1990s as a result of more firms borrowing from large banks, being less sensitive to monetary shocks. |
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