U.S. Banking Integration and State-Level Exports

Tomasz Michalski and Evren Ors ()
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Evren Ors: GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique

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Abstract: We use US interstate banking deregulations to identify the bank finance-trade channel while controlling for state-country bank links. A 1% increase in banking integration between states caused a 0.23% increase in the state-country level foreign exports/domestic shipments ratio between 1992-1996. The observed effect is due to banks with foreign assets, while the US expansion of banks with only domestic assets has no impact on exports/domestic shipments ratio. Our findings support the bank finance channel of international trade.

Keywords: exports; international trade; interstate banking deregulation (search for similar items in EconPapers)
Date: 2014-11-20
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Related works:
Working Paper: U.S. Banking Integration and State-Level Exports (2014)
Working Paper: U.S. Banking Integration and State-Level Exports (2012)
Working Paper: U.S. Banking Integration and State-Level Exports (2012)
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