Financial restructuring and regional economic activity

Brian A. Cromwell

Economic Review, 1990, vol. 26, issue Q III, 13-25

Abstract: An empirical analysis that links employment changes resulting from the birth, death, expansion, and contraction of various-sized banks with the local economic performance of 217 SMSAs over the 1980-82 and 1984-86 periods. Results suggest that the deaths of midsized banks have a negative, but short-lived, impact on economic activity.

Date: 1990
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