A spatial analysis of state banking regulation

Thomas Garrett, Gary A. Wagner and David Wheelock

No 2003-044, Working Papers from Federal Reserve Bank of St. Louis

Abstract: We use a spatial model to investigate a state?s choice of branch banking and interstate banking regimes as a function of the regime choices made by other states and other variables suggested in the literature. We extend the basic spatial econometric model by allowing spatial dependence to vary by geographic region. Our findings reveal that spatial effects have a large, statistically significant impact on state regulatory regime decisions. The importance of spatial correlation in the setting of state banking policies suggests the need to consider spatial effects in empirical models of state policies in general.

Keywords: Banks and banking; Bank supervision (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-dcm, nep-mac and nep-ure
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Citations: View citations in EconPapers (10)

Published in Papers in Regional Science, November 2005, 84(4), pp. 575-95

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DOI: 10.20955/wp.2003.044

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