TY  - CHAP
AB  - Abstract This paper examines the effect of bank expansion on credit access and terms of credit in early America. The bank records from Plymouth Bank, Massachusetts and the Census records provide detailed information on borrowers, endorser, types and terms of loans, and borrower characteristics. The results show that the introduction of new banks did broaden credit access. However, after competition was introduced, the Bank focused more on short-term bills of exchange. In other words, the Bank shifted its emphasis from long-term accommodation paper to short-term bills of exchange.
VL  - 32
SN  - 978-1-78635-276-7, 978-1-78635-275-0/0363-3268
DO  - 10.1108/S0363-326820160000032006
UR  - https://doi.org/10.1108/S0363-326820160000032006
AU  - Wang Ta-Chen
PY  - 2016
Y1  - 2016/01/01
TI  - Entry, Competition, and Terms of Credit in Early American Banking
T2  - Research in Economic History
T3  - Research in Economic History
PB  - Emerald Group Publishing Limited
SP  - 363
EP  - 386
Y2  - 2024/04/25
ER  -