Banking Consolidation and Correspondent Banking
研究了由跨州分行放松管制引发的银行合并如何影响代理行业务市场，为政策制定者和监管者提供参考。
Banking consolidation, spurred by interstate branching deregulation, is changing markets' competitive structure. Policymakers and regulators have focused on the implications for customers in retail and wholesale markets rather than consolidation's impact on correspondent banking markets (where banks buy and sell inputs used to produce banking services). By studying the era of intrastate branching deregulation, the authors provide some insights on the implications of interstate branching for correspondent banking.