ESM Research seminar: Banking without branches (Bo Becker)
Agenda
The ESM Research team is pleased to invite you to attend the hybrid seminar on:
Banking without branches
Held by:
Bo Becker
Stockholm School of Economics
Friday, 16 June from 10:00 until 11:30 CEST
Please let us know If you will attend virtually or in person.
If you attend virtually, please join via Teams link below
If you attend in person, please send an email confirmation to ESMResearch@esm.europa.eu
The event will take place in Visitor room 4, make sure to come 15 minutes before the event allowing for a timely start!
Abstract: When Digital delivery of retail bank services has recently boomed, dramatically reducing the need for physical bank branches. In business lending, where technology has had less impact, this closure may reduce the availability of bank services, including reducing the supply of loans. Using the closing of two thirds of Swedish branches as a laboratory, we document large and rapid declines in loan volumes, employment and the number of local firms, following branch closures.