id	sid	tid	token	lemma	pos
79407w64d66	1	1	this	this	DET
79407w64d66	1	2	dissertation	dissertation	NOUN
79407w64d66	1	3	examines	examine	VERB
79407w64d66	1	4	how	how	SCONJ
79407w64d66	1	5	regulatory	regulatory	ADJ
79407w64d66	1	6	requirements	requirement	NOUN
79407w64d66	1	7	cause	cause	VERB
79407w64d66	1	8	banks	bank	NOUN
79407w64d66	1	9	to	to	PART
79407w64d66	1	10	reduce	reduce	VERB
79407w64d66	1	11	pass	pass	VERB
79407w64d66	1	12	-	-	PUNCT
79407w64d66	1	13	through	through	NOUN
79407w64d66	1	14	of	of	ADP
79407w64d66	1	15	expansionary	expansionary	ADJ
79407w64d66	1	16	monetary	monetary	ADJ
79407w64d66	1	17	policy	policy	NOUN
79407w64d66	1	18	into	into	ADP
79407w64d66	1	19	the	the	DET
79407w64d66	1	20	interest	interest	NOUN
79407w64d66	1	21	rates	rate	NOUN
79407w64d66	1	22	on	on	ADP
79407w64d66	1	23	bank	bank	NOUN
79407w64d66	1	24	loans	loan	NOUN
79407w64d66	1	25	.	.	PUNCT
79407w64d66	2	1	the	the	DET
79407w64d66	2	2	first	first	ADJ
79407w64d66	2	3	chapter	chapter	NOUN
79407w64d66	2	4	investigates	investigate	VERB
79407w64d66	2	5	the	the	DET
79407w64d66	2	6	market	market	NOUN
79407w64d66	2	7	structure	structure	NOUN
79407w64d66	2	8	of	of	ADP
79407w64d66	2	9	the	the	DET
79407w64d66	2	10	banking	banking	NOUN
79407w64d66	2	11	sector	sector	NOUN
79407w64d66	2	12	in	in	ADP
79407w64d66	2	13	the	the	DET
79407w64d66	2	14	united	united	PROPN
79407w64d66	2	15	states	states	PROPN
79407w64d66	2	16	.	.	PUNCT
79407w64d66	3	1	since	since	SCONJ
79407w64d66	3	2	2001	2001	NUM
79407w64d66	3	3	,	,	PUNCT
79407w64d66	3	4	the	the	DET
79407w64d66	3	5	largest	large	ADJ
79407w64d66	3	6	500	500	NUM
79407w64d66	3	7	commercial	commercial	ADJ
79407w64d66	3	8	banks	bank	NOUN
79407w64d66	3	9	(	(	PUNCT
79407w64d66	3	10	out	out	ADP
79407w64d66	3	11	of	of	ADP
79407w64d66	3	12	over	over	ADP
79407w64d66	3	13	7,400	7,400	NUM
79407w64d66	3	14	)	)	PUNCT
79407w64d66	3	15	have	have	AUX
79407w64d66	3	16	increased	increase	VERB
79407w64d66	3	17	their	their	PRON
79407w64d66	3	18	market	market	NOUN
79407w64d66	3	19	shares	share	NOUN
79407w64d66	3	20	in	in	ADP
79407w64d66	3	21	the	the	DET
79407w64d66	3	22	markets	market	NOUN
79407w64d66	3	23	for	for	ADP
79407w64d66	3	24	bank	bank	NOUN
79407w64d66	3	25	assets	asset	NOUN
79407w64d66	3	26	and	and	CCONJ
79407w64d66	3	27	bank	bank	NOUN
79407w64d66	3	28	loans	loan	NOUN
79407w64d66	3	29	from	from	ADP
79407w64d66	3	30	roughly	roughly	ADV
79407w64d66	3	31	50	50	NUM
79407w64d66	3	32	%	%	NOUN
79407w64d66	3	33	to	to	PART
79407w64d66	3	34	well	well	ADV
79407w64d66	3	35	over	over	ADP
79407w64d66	3	36	90	90	NUM
79407w64d66	3	37	%	%	NOUN
79407w64d66	3	38	.	.	PUNCT
79407w64d66	4	1	using	use	VERB
79407w64d66	4	2	the	the	DET
79407w64d66	4	3	panzar	panzar	NOUN
79407w64d66	4	4	and	and	CCONJ
79407w64d66	4	5	rosse	rosse	PROPN
79407w64d66	4	6	(	(	PUNCT
79407w64d66	4	7	1987	1987	NUM
79407w64d66	4	8	)	)	PUNCT
79407w64d66	4	9	h	h	PROPN
79407w64d66	4	10	-	-	PUNCT
79407w64d66	4	11	statistic	statistic	PROPN
79407w64d66	4	12	,	,	PUNCT
79407w64d66	4	13	the	the	DET
79407w64d66	4	14	u.s	u.s	PROPN
79407w64d66	4	15	.	.	PROPN
79407w64d66	4	16	banking	banking	NOUN
79407w64d66	4	17	sector	sector	NOUN
79407w64d66	4	18	is	be	AUX
79407w64d66	4	19	found	find	VERB
79407w64d66	4	20	to	to	PART
79407w64d66	4	21	be	be	AUX
79407w64d66	4	22	monopolistically	monopolistically	ADV
79407w64d66	4	23	competitive	competitive	ADJ
79407w64d66	4	24	.	.	PUNCT
79407w64d66	5	1	as	as	ADP
79407w64d66	5	2	such	such	ADJ
79407w64d66	5	3	,	,	PUNCT
79407w64d66	5	4	banks	bank	NOUN
79407w64d66	5	5	appear	appear	VERB
79407w64d66	5	6	to	to	PART
79407w64d66	5	7	have	have	VERB
79407w64d66	5	8	market	market	NOUN
79407w64d66	5	9	power	power	NOUN
79407w64d66	5	10	in	in	ADP
79407w64d66	5	11	setting	set	VERB
79407w64d66	5	12	interest	interest	NOUN
79407w64d66	5	13	rates	rate	NOUN
79407w64d66	5	14	.	.	PUNCT
79407w64d66	6	1	chapter	chapter	NOUN
79407w64d66	6	2	2	2	NUM
79407w64d66	6	3	,	,	PUNCT
79407w64d66	6	4	adapted	adapt	VERB
79407w64d66	6	5	from	from	ADP
79407w64d66	6	6	joint	joint	ADJ
79407w64d66	6	7	work	work	NOUN
79407w64d66	6	8	with	with	ADP
79407w64d66	6	9	thomas	thomas	PROPN
79407w64d66	6	10	cosimano	cosimano	PROPN
79407w64d66	6	11	and	and	CCONJ
79407w64d66	6	12	dalia	dalia	PROPN
79407w64d66	6	13	hakura	hakura	NOUN
79407w64d66	6	14	,	,	PUNCT
79407w64d66	6	15	examines	examine	VERB
79407w64d66	6	16	whether	whether	SCONJ
79407w64d66	6	17	bank	bank	NOUN
79407w64d66	6	18	capital	capital	NOUN
79407w64d66	6	19	plays	play	VERB
79407w64d66	6	20	a	a	DET
79407w64d66	6	21	role	role	NOUN
79407w64d66	6	22	in	in	ADP
79407w64d66	6	23	decision	decision	NOUN
79407w64d66	6	24	-	-	PUNCT
79407w64d66	6	25	making	making	NOUN
79407w64d66	6	26	by	by	ADP
79407w64d66	6	27	bank	bank	NOUN
79407w64d66	6	28	holding	hold	VERB
79407w64d66	6	29	companies	company	NOUN
79407w64d66	6	30	(	(	PUNCT
79407w64d66	6	31	bhcs	bhcs	PROPN
79407w64d66	6	32	)	)	PUNCT
79407w64d66	6	33	.	.	PUNCT
79407w64d66	7	1	bhcs	bhcs	AUX
79407w64d66	7	2	optimally	optimally	ADV
79407w64d66	7	3	choose	choose	VERB
79407w64d66	7	4	the	the	DET
79407w64d66	7	5	amount	amount	NOUN
79407w64d66	7	6	of	of	ADP
79407w64d66	7	7	capital	capital	NOUN
79407w64d66	7	8	relative	relative	ADJ
79407w64d66	7	9	to	to	ADP
79407w64d66	7	10	the	the	DET
79407w64d66	7	11	regulatory	regulatory	ADJ
79407w64d66	7	12	requirement	requirement	NOUN
79407w64d66	7	13	.	.	PUNCT
79407w64d66	8	1	the	the	DET
79407w64d66	8	2	finding	finding	NOUN
79407w64d66	8	3	that	that	SCONJ
79407w64d66	8	4	higher	high	ADJ
79407w64d66	8	5	target	target	NOUN
79407w64d66	8	6	capital	capital	NOUN
79407w64d66	8	7	-	-	PUNCT
79407w64d66	8	8	to	to	ADP
79407w64d66	8	9	-	-	PUNCT
79407w64d66	8	10	asset	asset	NOUN
79407w64d66	8	11	ratios	ratio	NOUN
79407w64d66	8	12	cause	cause	VERB
79407w64d66	8	13	bhcs	bhcs	NOUN
79407w64d66	8	14	to	to	PART
79407w64d66	8	15	raise	raise	VERB
79407w64d66	8	16	loan	loan	NOUN
79407w64d66	8	17	rates	rate	NOUN
79407w64d66	8	18	rejects	reject	VERB
79407w64d66	8	19	the	the	DET
79407w64d66	8	20	modigliani	modigliani	PROPN
79407w64d66	8	21	-	-	PUNCT
79407w64d66	8	22	miller	miller	PROPN
79407w64d66	8	23	theorem	theorem	NOUN
79407w64d66	8	24	that	that	PRON
79407w64d66	8	25	debt	debt	NOUN
79407w64d66	8	26	versus	versus	ADP
79407w64d66	8	27	equity	equity	NOUN
79407w64d66	8	28	financing	financing	NOUN
79407w64d66	8	29	should	should	AUX
79407w64d66	8	30	not	not	PART
79407w64d66	8	31	be	be	AUX
79407w64d66	8	32	a	a	DET
79407w64d66	8	33	factor	factor	NOUN
79407w64d66	8	34	in	in	ADP
79407w64d66	8	35	corporate	corporate	ADJ
79407w64d66	8	36	decision	decision	NOUN
79407w64d66	8	37	-	-	PUNCT
79407w64d66	8	38	making	making	NOUN
79407w64d66	8	39	.	.	PUNCT
79407w64d66	9	1	furthermore	furthermore	ADV
79407w64d66	9	2	,	,	PUNCT
79407w64d66	9	3	higher	high	ADJ
79407w64d66	9	4	loan	loan	NOUN
79407w64d66	9	5	rates	rate	NOUN
79407w64d66	9	6	result	result	VERB
79407w64d66	9	7	in	in	ADP
79407w64d66	9	8	lower	low	ADJ
79407w64d66	9	9	amounts	amount	NOUN
79407w64d66	9	10	of	of	ADP
79407w64d66	9	11	lending	lending	NOUN
79407w64d66	9	12	.	.	PUNCT
79407w64d66	10	1	as	as	ADP
79407w64d66	10	2	a	a	DET
79407w64d66	10	3	result	result	NOUN
79407w64d66	10	4	,	,	PUNCT
79407w64d66	10	5	raising	raise	VERB
79407w64d66	10	6	the	the	DET
79407w64d66	10	7	capital	capital	NOUN
79407w64d66	10	8	requirements	requirement	NOUN
79407w64d66	10	9	on	on	ADP
79407w64d66	10	10	bhcs	bhcs	PROPN
79407w64d66	10	11	is	be	AUX
79407w64d66	10	12	likely	likely	ADJ
79407w64d66	10	13	to	to	PART
79407w64d66	10	14	lead	lead	VERB
79407w64d66	10	15	to	to	ADP
79407w64d66	10	16	higher	high	ADJ
79407w64d66	10	17	loan	loan	NOUN
79407w64d66	10	18	rates	rate	NOUN
79407w64d66	10	19	,	,	PUNCT
79407w64d66	10	20	and	and	CCONJ
79407w64d66	10	21	a	a	DET
79407w64d66	10	22	reduction	reduction	NOUN
79407w64d66	10	23	in	in	ADP
79407w64d66	10	24	lending	lending	NOUN
79407w64d66	10	25	.	.	PUNCT
79407w64d66	11	1	the	the	DET
79407w64d66	11	2	final	final	ADJ
79407w64d66	11	3	chapter	chapter	NOUN
79407w64d66	11	4	examines	examine	VERB
79407w64d66	11	5	why	why	SCONJ
79407w64d66	11	6	bank	bank	NOUN
79407w64d66	11	7	loan	loan	NOUN
79407w64d66	11	8	rates	rate	NOUN
79407w64d66	11	9	tend	tend	VERB
79407w64d66	11	10	to	to	PART
79407w64d66	11	11	adjust	adjust	VERB
79407w64d66	11	12	well	well	ADV
79407w64d66	11	13	when	when	SCONJ
79407w64d66	11	14	the	the	DET
79407w64d66	11	15	monetary	monetary	ADJ
79407w64d66	11	16	policy	policy	NOUN
79407w64d66	11	17	rate	rate	NOUN
79407w64d66	11	18	rises	rise	VERB
79407w64d66	11	19	,	,	PUNCT
79407w64d66	11	20	but	but	CCONJ
79407w64d66	11	21	not	not	PART
79407w64d66	11	22	when	when	SCONJ
79407w64d66	11	23	the	the	DET
79407w64d66	11	24	policy	policy	NOUN
79407w64d66	11	25	rate	rate	NOUN
79407w64d66	11	26	falls	fall	VERB
79407w64d66	11	27	.	.	PUNCT
79407w64d66	12	1	a	a	DET
79407w64d66	12	2	dynamic	dynamic	ADJ
79407w64d66	12	3	banking	banking	NOUN
79407w64d66	12	4	model	model	NOUN
79407w64d66	12	5	shows	show	VERB
79407w64d66	12	6	that	that	SCONJ
79407w64d66	12	7	this	this	DET
79407w64d66	12	8	asymmetry	asymmetry	NOUN
79407w64d66	12	9	in	in	ADP
79407w64d66	12	10	interest	interest	NOUN
79407w64d66	12	11	rate	rate	NOUN
79407w64d66	12	12	pass	pass	VERB
79407w64d66	12	13	-	-	PUNCT
79407w64d66	12	14	through	through	ADP
79407w64d66	12	15	can	can	AUX
79407w64d66	12	16	be	be	AUX
79407w64d66	12	17	explained	explain	VERB
79407w64d66	12	18	by	by	ADP
79407w64d66	12	19	the	the	DET
79407w64d66	12	20	presence	presence	NOUN
79407w64d66	12	21	of	of	ADP
79407w64d66	12	22	regulatory	regulatory	ADJ
79407w64d66	12	23	requirements	requirement	NOUN
79407w64d66	12	24	imposed	impose	VERB
79407w64d66	12	25	on	on	ADP
79407w64d66	12	26	banks	bank	NOUN
79407w64d66	12	27	.	.	PUNCT
79407w64d66	13	1	if	if	SCONJ
79407w64d66	13	2	the	the	DET
79407w64d66	13	3	regulatory	regulatory	ADJ
79407w64d66	13	4	constraint	constraint	NOUN
79407w64d66	13	5	is	be	AUX
79407w64d66	13	6	binding	bind	VERB
79407w64d66	13	7	,	,	PUNCT
79407w64d66	13	8	banks	bank	NOUN
79407w64d66	13	9	will	will	AUX
79407w64d66	13	10	raise	raise	VERB
79407w64d66	13	11	loan	loan	NOUN
79407w64d66	13	12	rates	rate	NOUN
79407w64d66	13	13	relative	relative	ADJ
79407w64d66	13	14	to	to	ADP
79407w64d66	13	15	the	the	DET
79407w64d66	13	16	monetary	monetary	ADJ
79407w64d66	13	17	policy	policy	NOUN
79407w64d66	13	18	rate	rate	NOUN
79407w64d66	13	19	.	.	PUNCT
79407w64d66	14	1	when	when	SCONJ
79407w64d66	14	2	the	the	DET
79407w64d66	14	3	central	central	ADJ
79407w64d66	14	4	bank	bank	NOUN
79407w64d66	14	5	lowers	lower	VERB
79407w64d66	14	6	its	its	PRON
79407w64d66	14	7	policy	policy	NOUN
79407w64d66	14	8	rate	rate	NOUN
79407w64d66	14	9	,	,	PUNCT
79407w64d66	14	10	the	the	DET
79407w64d66	14	11	critical	critical	ADJ
79407w64d66	14	12	value	value	NOUN
79407w64d66	14	13	at	at	ADP
79407w64d66	14	14	which	which	PRON
79407w64d66	14	15	the	the	DET
79407w64d66	14	16	constraint	constraint	NOUN
79407w64d66	14	17	becomes	become	VERB
79407w64d66	14	18	binding	bind	VERB
79407w64d66	14	19	is	be	AUX
79407w64d66	14	20	lowered	lower	VERB
79407w64d66	14	21	.	.	PUNCT
79407w64d66	15	1	this	this	PRON
79407w64d66	15	2	makes	make	VERB
79407w64d66	15	3	it	it	PRON
79407w64d66	15	4	more	more	ADV
79407w64d66	15	5	likely	likely	ADJ
79407w64d66	15	6	that	that	SCONJ
79407w64d66	15	7	banks	bank	NOUN
79407w64d66	15	8	become	become	VERB
79407w64d66	15	9	constrained	constrained	ADJ
79407w64d66	15	10	,	,	PUNCT
79407w64d66	15	11	and	and	CCONJ
79407w64d66	15	12	hence	hence	ADV
79407w64d66	15	13	reduce	reduce	VERB
79407w64d66	15	14	pass	pass	NOUN
79407w64d66	15	15	-	-	PUNCT
79407w64d66	15	16	through	through	NOUN
79407w64d66	15	17	.	.	PUNCT
79407w64d66	16	1	empirical	empirical	ADJ
79407w64d66	16	2	evidence	evidence	NOUN
79407w64d66	16	3	corroborates	corroborate	VERB
79407w64d66	16	4	the	the	DET
79407w64d66	16	5	model	model	NOUN
79407w64d66	16	6	predictions	prediction	NOUN
79407w64d66	16	7	that	that	SCONJ
79407w64d66	16	8	(	(	PUNCT
79407w64d66	16	9	i	i	NOUN
79407w64d66	16	10	)	)	PUNCT
79407w64d66	16	11	more	more	ADJ
79407w64d66	16	12	banks	bank	NOUN
79407w64d66	16	13	are	be	AUX
79407w64d66	16	14	capital	capital	NOUN
79407w64d66	16	15	constrained	constrain	VERB
79407w64d66	16	16	during	during	ADP
79407w64d66	16	17	falling	fall	VERB
79407w64d66	16	18	than	than	ADP
79407w64d66	16	19	rising	rise	VERB
79407w64d66	16	20	rate	rate	NOUN
79407w64d66	16	21	periods	period	NOUN
79407w64d66	16	22	;	;	PUNCT
79407w64d66	16	23	(	(	PUNCT
79407w64d66	16	24	ii	ii	X
79407w64d66	16	25	)	)	PUNCT
79407w64d66	16	26	constrained	constrain	VERB
79407w64d66	16	27	banks	bank	NOUN
79407w64d66	16	28	adjust	adjust	VERB
79407w64d66	16	29	loan	loan	NOUN
79407w64d66	16	30	rates	rate	NOUN
79407w64d66	16	31	less	less	ADV
79407w64d66	16	32	relative	relative	ADJ
79407w64d66	16	33	to	to	ADP
79407w64d66	16	34	the	the	DET
79407w64d66	16	35	federal	federal	ADJ
79407w64d66	16	36	funds	fund	NOUN
79407w64d66	16	37	rate	rate	NOUN
79407w64d66	16	38	,	,	PUNCT
79407w64d66	16	39	and	and	CCONJ
79407w64d66	16	40	(	(	PUNCT
79407w64d66	16	41	iii	iii	X
79407w64d66	16	42	)	)	PUNCT
79407w64d66	16	43	the	the	DET
79407w64d66	16	44	loan	loan	NOUN
79407w64d66	16	45	rates	rate	NOUN
79407w64d66	16	46	of	of	ADP
79407w64d66	16	47	constrained	constrain	VERB
79407w64d66	16	48	banks	bank	NOUN
79407w64d66	16	49	are	be	AUX
79407w64d66	16	50	more	more	ADV
79407w64d66	16	51	sensitive	sensitive	ADJ
79407w64d66	16	52	to	to	PART
79407w64d66	16	53	demand	demand	VERB
79407w64d66	16	54	side	side	NOUN
79407w64d66	16	55	fluctuations	fluctuation	NOUN
79407w64d66	16	56	,	,	PUNCT
79407w64d66	16	57	compared	compare	VERB
79407w64d66	16	58	to	to	ADP
79407w64d66	16	59	unconstrained	unconstrained	ADJ
79407w64d66	16	60	banks	bank	NOUN
79407w64d66	16	61	.	.	PUNCT