Search Results
Working Paper
Efficiency of financial institutions: international survey and directions for future research
This paper surveys 130 studies that apply frontier efficiency analysis to financial institutions in 21 countries. The primary goals are to summarize and critically review empirical estimates of financial institution efficiency and to attempt to arrive at a consensus view. We find that the various efficiency methods do not necessarily yield consistent results, and we suggest some ways that these methods might be improved to bring about findings that are more consistent, accurate, and useful. Secondary goals are to address the implications of efficiency results for financial institutions in the ...
Discussion Paper
Determinants of commercial bank liability structure, 1970-75
Discussion Paper
Bank examination data as predictors of bank net loan losses
Working Paper
The effects of megamergers on efficiency and prices: evidence from a bank profit function
This paper examines the efficiency and price effects of mergers by applying a frontier profit function to data on bank ``megamergers.'' We find that merged banks experience a statistically significant 16 percentage point average increase in profit-efficiency rank relative to other large banks. Most of the improvement is from increasing revenues, including a shift in outputs from securities to loans, a higher-valued product. Improvements were greatest for the banks with the lowest efficiencies prior to merging, who therefore had the greatest capacity for improvement. By comparison, the effects ...
Discussion Paper
Scale economies at automated clearinghouses
Journal Article
Cost dispersion and the measurement of economies in banking
An abstract for this article is not available
Journal Article
The economics of electronic benefit transfer payments