%0 Unpublished work %T U.S. Banking Integration and State-Level Exports %+ Groupement de Recherche et d'Etudes en Gestion à HEC (GREGH) %A Michalski, Tomasz Kamil %A Ors, Evren %Z FIN-2014-1066 %8 2014-11-20 %D 2014 %K exports %K international trade %K interstate banking deregulation %Z Humanities and Social Sciences/Business administrationPreprints, Working Papers, ... %X We use US interstate banking deregulations to identify the bank finance-trade channel while controlling for state-country bank links. A 1% increase in banking integration between states caused a 0.23% increase in the state-country level foreign exports/domestic shipments ratio between 1992-1996. The observed effect is due to banks with foreign assets, while the US expansion of banks with only domestic assets has no impact on exports/domestic shipments ratio. Our findings support the bank finance channel of international trade. %G English %Z HEC Paris Research Paper Series %L hal-02018528 %U https://hec.hal.science/hal-02018528 %~ SHS %~ HEC %~ CNRS