; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Consolidation in U.S. Banking: Implications for Efficiency and Risk"; ; "batchuser@example.com"; "Boyd, John H.", "Graham, Stanley L."; "Federal Reserve Bank of Minneapolis"; "Total asset", "Bank market", "Large bank", "Small bank", "Banking industry"; "We don’t really know why the U.S. banking industry is consolidating rapidly, as it has been doing for the last decade or so. After a large number of studies on the topic including this one, what seems clear is that consolidation is not producing significant efficiencies — at least not on average. Other dimensions of the consolidation trend — such as its heavy concentration in large banks — are just as poorly understood. Given this ignorance as to the “why” of consolidation, it is extremely risky to predict its future effects. Based on past experience and data, at least, we can conclude the following."^^; "1996-12"; "2019-07-30T15:15:11.723619076+00:00"^^; "https://doi.org/10.21034/wp.572"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Wed Oct 23 17:58:42 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "290", "96"; "Working paper (Federal Reserve Bank of Minneapolis. Research Department)"; "572"; "Large bank", "Total asset", "Bank market", "Small bank", "Banking industry"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _Bank Mergers and Acquisitions_, Amihud, Y. and Miller, G., eds. The New York University Salomon Center Series on Financial Markets and Institutions, Vol. 3, Ch. 6, pp. 113-135, https://doi.org/10.1007/978-1-4757-2799-9_6."^^; ; "Publication" . ; .