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Bank heterogeneity and capital alloc...

Plosser, Matthew Charles.

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Bank heterogeneity and capital allocation: Evidence from 'fracking' shocks.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Bank heterogeneity and capital allocation: Evidence from 'fracking' shocks./
Author:	Plosser, Matthew Charles.
Description:	69 p.
Notes:	Source: Dissertation Abstracts International, Volume: 73-11(E), Section: A.
Contained By:	Dissertation Abstracts International73-11A(E).
Subject:	Business Administration, Banking. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3513617
ISBN:	9781267439741

Bank heterogeneity and capital allocation: Evidence from 'fracking' shocks.
Plosser, Matthew Charles.

Bank heterogeneity and capital allocation: Evidence from 'fracking' shocks. - 69 p.

Source: Dissertation Abstracts International, Volume: 73-11(E), Section: A.

Thesis (Ph.D.)--The University of Chicago, 2012.

This paper empirically investigates how banks of varying size invest an unsolicited inflow of deposits over the business cycle. I generate exogenous shocks to bank deposits by exploiting the development of new oil and gas fields using 'fracking' technologies that result in significant cash windfalls to landowners and large increases in local deposits. I compare the investment decisions of small- and medium-sized banks in response to these shocks and find that in normal times both types lend in response to a supply shock. The composition of their lending portfolio varies, with smaller banks investing more in 'soft' information intensive assets relative to larger banks. However, during the financial crisis small banks invest significantly less of their incremental deposits in loans, purchasing liquid assets instead. My findings suggest that during adverse times, even in a developed economy like the U.S., capital may become trapped inside small banks.

ISBN: 9781267439741Subjects--Topical Terms:

1018458
Business Administration, Banking.

Bank heterogeneity and capital allocation: Evidence from 'fracking' shocks.
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100 1 $a Plosser, Matthew Charles. $3 2100385
245 1 0 $a Bank heterogeneity and capital allocation: Evidence from 'fracking' shocks.
300 $a 69 p.
500 $a Source: Dissertation Abstracts International, Volume: 73-11(E), Section: A.
500 $a Adviser: Anil Kashyap.
502 $a Thesis (Ph.D.)--The University of Chicago, 2012.
520 $a This paper empirically investigates how banks of varying size invest an unsolicited inflow of deposits over the business cycle. I generate exogenous shocks to bank deposits by exploiting the development of new oil and gas fields using 'fracking' technologies that result in significant cash windfalls to landowners and large increases in local deposits. I compare the investment decisions of small- and medium-sized banks in response to these shocks and find that in normal times both types lend in response to a supply shock. The composition of their lending portfolio varies, with smaller banks investing more in 'soft' information intensive assets relative to larger banks. However, during the financial crisis small banks invest significantly less of their incremental deposits in loans, purchasing liquid assets instead. My findings suggest that during adverse times, even in a developed economy like the U.S., capital may become trapped inside small banks.
590 $a School code: 0330.
650 4 $a Business Administration, Banking. $3 1018458
650 4 $a Economics, Finance. $3 626650
690 $a 0770
690 $a 0508
710 2 $a The University of Chicago. $b Business. $3 1671506
773 0 $t Dissertation Abstracts International $g 73-11A(E).
790 $a 0330
791 $a Ph.D.
792 $a 2012
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3513617