Are U.S. states' banks unique?

IF 1.9 4区经济学 Q2 ECONOMICS

Contemporary Economic Policy Pub Date : 2026-04-03 Epub Date: 2025-10-01 DOI:10.1111/coep.70014

Eduardo G. Minuci, Scott Schuh

引用次数: 0

Abstract

This paper documents widespread, persistent heterogeneity in the composition and financial behavior of banks across U.S. states since 1997 that cannot be explained well by econometric models of deposit-loan allocations with observable bank and regional characteristics. Despite faster consolidation, slow-growth states have more, smaller, and less profitable banks with customers and managers favoring liabilities (time deposits) and assets (real estate loans) with longer maturity and lower risk/returns. A theoretical model with joint determination of deposit and loan portfolios in the regional economy is needed to explain cross-state heterogeneity. Risk aversion of banks' customers and managers is a possible contributing factor.

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美国各州的银行是独一无二的吗？

本文记录了自1997年以来美国各州银行组成和金融行为中广泛而持续的异质性，这种异质性无法用具有可观察的银行和地区特征的存贷款分配计量经济学模型很好地解释。尽管整合速度更快，但增长缓慢的国家有更多、更小、利润更低的银行，客户和经理青睐期限较长、风险/回报较低的负债（定期存款）和资产（房地产贷款）。需要一个区域经济中存贷款组合共同决定的理论模型来解释跨州异质性。银行客户和管理人员的风险规避是一个可能的因素。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Contemporary Economic Policy Multiple-

CiteScore

3.10

自引率

6.70%

发文量

期刊介绍： Contemporary Economic Policy publishes scholarly economic research and analysis on issues of vital concern to business, government, and other decision makers. Leading western scholars, including three Nobel laureates, are among CEP"s authors. The objectives are to communicate results of high quality economic analysis to policymakers, focus high quality research and analysis on current policy issues of widespread concern, increase knowledge among economists of features of the economy key to understanding the impact of policy, and to advance methods of policy analysis.