Search Results
Conference Paper
Assessing innovations in banking
Working Paper
Inflation and financial sector size
Traditionally, the cost of expected inflation has been seen as the "shoeleather cost" of going to the bank more often. This paper focuses on the other side of these transactions--i.e., on the increased production of financial services by financial firms. I construct a model in which households must make purchases either with cash or with costly transactions services produced by firms in the financial services sector. Higher inflation leads households to substitute purchased transactions services for money balances, increasing the size of the financial sector. A test of the model using ...
Journal Article
Home-ownership preservation initiative comes to Dallas
Journal Article
Can low oil prices cripple the Texas banking system?
Journal Article
Native American Bank: banking the unbanked
In 2001, 21 tribes formed Native American Bancorporation, the first nationally focused tribal bank. A Chippewa Cree and former assistant vice president of commercial lending explains why NAB?s understanding of tribal law has helped the bank serve customers better.
Working Paper
Real output of bank services: what counts is what banks do, not what they own
The measurement of bank output, a difficult and contentious issue, has become even more important in the aftermath of the devastating financial crisis of recent years. In this paper, we argue that models of banks as processors of information and transactions imply a quantity measure of bank service output based on transaction counts instead of balances of loans and deposits. Compiling new and comparable output measures for the United States and a range of European countries, we show that our counts-based output series exhibit significantly different growth patterns from those of our ...
Journal Article
New rules aim to clarify overdraft information
New amendments to Regulation DD address how banks inform their customers about bounced-check protection services.
Journal Article
Tu Banco opens the mainstream to new customers
Journal Article
In banking, less can equal more
Though consolidation continues, banking services have nonetheless expanded considerably throughout the Ninth District