Exporting Liquidity: Branch Banking and Financial Integration
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Using exogenous deposit windfalls from oil and natural gas shale discoveries, we demonstrate that bank branch networks help integrate U.S. lending markets. We find that banks exposed to shale booms increase their mortgage lending in non-boom counties by 0.93% per 1% increase in deposits. This effect
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美国国家经济研究局创建时间:
2013-09-01



