search query: @author Strahan, P. E. / total: 5
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| Author: | McAndrews, J. J. Strahan, P. E. |
| Title: | Deregulation, correspondent banking, and the role of the Federal Reserve |
| Journal: | Journal of Financial Intermediation
2002 : JUL, VOL. 11:3, p. 320-343 |
| Index terms: | DEREGULATION |
| Freeterms: | CORRESPONDENT BANKING FEDERAL RESERVE |
| Language: | eng |
| Abstract: | Intrastate branching deregulation allowed correspondent banks to enter downstream retail deposit markets. Integrated correspondent banks may engage in vertical foreclosure, raising prices to downstream rivals or extracting valuable competitive information. The Federal Reserve would then tend to gain market share from private correspondent banks. Deregulation of restrictions on the formation of multibank holding companies, in contrast, allowed other correspondents to enter, increasing competition. The authors test these hypotheses using a panel data set of respondent account balances. |
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