Finance and Economics Discussion Series: What Explains the Dramatic Changes in Cost and Profit Performance of the U.S. Banking Industry by Allen N. Berger, Loretta J. Mester

Finance and Economics Discussion Series: What Explains the Dramatic Changes in Cost and Profit Performance of the U.S. Banking Industry

Allen N. Berger, Loretta J. Mester

50 pages missing pub info (view editions)

nonfiction politics challenging informative reflective medium-paced
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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 ...

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