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

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

Loretta J. Mester, Allen N. Berger

50 pages • missing pub info (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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