LIBROS DEL AUTOR: loretta j mester

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  • Finance and Economics Discussion Series
    Allen N. Berger / Loretta J. Mester / United States Federal Reserve Board
    We investigate the sources of recent changes in the performance of U.S. banks using concepts and techniques borrowed from the cross-section efficiency literature. Our most striking result is that during 1991-1997, cost productivity worsened while profit productivity improved substantially, particularly for banks engaging in mergers. The data are consistent with the hypothesis t...
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