Department of Economics Seminar Series
"Do Bank Branches Still Matter for Local Economic Activity?"
An extensive literature documents that physical bank branches are still important for credit access, especially in information-intensive environments. This observation is surprising and potentially concerning given the advancement of information technology that pushed (and is continuing to push) many bank services onto online platforms leading to branch closures. The move to close physical branches might have important implications for local economic activity. Previous work documents that areas with branch closures see reductions in small business lending and to a smaller extent mortgage originations.
Thursday, April 18, 2019 at 11:00am to 12:30pm
Purnell Hall, Room 450
Purnell Hall, University of Delaware, Newark, DE 19716, USA