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SUMMARY:Banking Without Branches
DTSTART:20241011T114500
DTEND:20241011T130000
DTSTAMP:20260313T054238Z
UID:5087ef7545047411e38930a15a4ccbdf2fb552bd3deb04ff30e03903
CATEGORIES:Conferences - Seminars
DESCRIPTION:Bo Becker - Stockholm School of Economics\nBanks’ branch net
 works are contracting rapidly in many countries. We study the effects of t
 hese large-scale branch closures on firms’ access to credit and real eco
 nomic activity. Our empirical setting is Sweden\, where two thirds of all 
 bank branches have closed in the past two decades. Using a shift-share ins
 trument and micro data comprising the near-universe of Swedish firms and b
 ank branches\, we document that corporate lending declines rapidly followi
 ng branch closures\, mainly via reduced lending to small\, collateral-poor
 \, and risky firms. The reduced credit supply has substantial real effects
 : local firms experience a decline in employment and sales and an increase
  in exit risk after branch closures. Our results thus  demonstrate that t
 he disappearance of bank branches have far-reaching implications for the e
 conomy.
LOCATION:UniL Campus\, Room Extra 126
STATUS:CONFIRMED
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