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Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality

Yan Ji, Songyuan Teng and Robert Townsend

No 28582, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We propose a model with local spatial markets and heterogeneous agents to understand and evaluate the geographic expansion of bank branches after banking deregulation in Thailand. The model features heterogeneity in financial frictions across regions, with the costs of accessing credit and deposits depending on the distance from the nearest branch. Disciplined by micro estimates of the effects of branch openings, the model reproduces salient regional and aggregate patterns concerning occupational choice, financial access, and inequality. We apply the model to study two counterfactual financial sector policies in distant markets, one subsidizing branches and the other subsidizing household deposits.

JEL-codes: C54 E23 E44 F43 O11 O16 R11 R13 (search for similar items in EconPapers)
Date: 2021-03
New Economics Papers: this item is included in nep-fdg, nep-geo, nep-mac, nep-sea and nep-ure
Note: DEV EFG ME
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Published as Yan Ji & Songyuan Teng & Robert M. Townsend, 2023. "Dynamic Bank Expansion: Spatial Growth, Financial Access, and Inequality," Journal of Political Economy, vol 131(8), pages 2209-2275.

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