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article4 - Fin 3403 Article Summary #4 Chapter 21: Mergers,...

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Fin 3403 Article Summary #4 Chapter 21: Mergers, Acquisitions and Corporate Control Beck, Thorsten. "Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States." The American Finance Association . Web. 20 Apr. 2010. <http://www.afajof.org/>. The paper’s major finding is that deregulation of branching restrictions tightened the distribution of income by raising incomes in the lower half of the income distribution. While income inequality widened in the overall U.S. economy during the sample period, branch deregulation lowered inequality relative to this national trend. This finding is fit to using different measures of income inequality, controlling for time-varying state characteristics, and controlling for both state and year fixed effects. We find no evidence that reverse causality or prior trends in the distribution of income account for these findings. I believe that this correlates to what we have learned in class due to the fact that a lot of banks, due to the economic
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This note was uploaded on 06/05/2011 for the course BUS 101 taught by Professor T.mcgee during the Spring '08 term at FSU.

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article4 - Fin 3403 Article Summary #4 Chapter 21: Mergers,...

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