Welfare analysis of bank mergers with financial instability

IF 0.8 4区经济学 Q3 ECONOMICS

Bulletin of Economic Research Pub Date : 2023-12-27 DOI:10.1111/boer.12434

Akio Ino, Yusuke Matsuki

引用次数: 0

Abstract

In this study, we analyze the effect of a merger between banks by extending a structural model of the banking industry with the possibility of bank runs developed by Egan et al. (2017; American Economic Review, 107, 169–216). We use our framework to analyze whether the 2008 merger between Wells Fargo and Wachovia was beneficial for social welfare. The results suggest that the stability of the financial system is critical for evaluating mergers in the banking industry.

查看原文本刊更多论文

金融不稳定情况下银行兼并的福利分析

在本研究中，我们通过扩展 Egan 等人（2017；《美国经济评论》，107，169-216）建立的具有银行挤兑可能性的银行业结构模型，来分析银行间合并的影响。我们利用我们的框架分析了 2008 年富国银行和华夏银行的合并是否有利于社会福利。结果表明，金融体系的稳定性对于评估银行业的兼并至关重要。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Bulletin of Economic Research ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

期刊介绍： The Bulletin of Economic Research is an international journal publishing articles across the entire field of economics, econometrics and economic history. The Bulletin contains original theoretical, applied and empirical work which makes a substantial contribution to the subject and is of broad interest to economists. We welcome submissions in all fields and, with the Bulletin expanding in new areas, we particularly encourage submissions in the fields of experimental economics, financial econometrics and health economics. In addition to full-length articles the Bulletin publishes refereed shorter articles, notes and comments; authoritative survey articles in all areas of economics and special themed issues.