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Keywords:financial services industry OR Financial services industry 

Working Paper
Conglomeration versus strategic focus: evidence from the insurance industry

We use data on U.S. insurance companies to examine the validity of the conglomeration hypothesis versus the strategic focus hypothesis for financial institutions. We distinguish between the hypotheses using profit scope economies, which measures the relative efficiency of joint versus specialized production, taking both costs and revenues into account. The results suggest that the conglomeration hypothesis dominates for some types of financial service providers and the strategic focus hypothesis dominates for other types. This may explain the empirical puzzle of why joint producers and ...
Finance and Economics Discussion Series , Paper 1999-40

Journal Article
Spotlight: Financial services: Banking within reach of more Mexicans

In 2008-09, Mexico was wracked by the global financial crisis, suffering its largest one-year economic contraction since at least the 1930s. But the banking sector withstood the shock and made important strides in one area--bringing previously unbanked households into the financial system. Boosting Mexico's economic development by helping small businesses fulfill their potential depends on improving access to finance and fully linking these engines of economic growth and opportunity to the formal economy.
Southwest Economy , Issue Q4 , Pages 15

Journal Article
Statement to Congress, June 6, 1995 (views on the Financial Services Competitiveness Act of 1995)

Federal Reserve Bulletin , Issue Aug

Journal Article
Economic history : Opening the vault

Econ Focus , Volume 11 , Issue Spr , Pages 46-49

Speech
Financial system robustness

Presentation at the Financial Executives International, St. Louis - Nov. 27, 2001
Speech , Paper 52

Journal Article
Eleventh District banking industry weathers financial storms

In 2009, the banking industry continued to feel the fallout from the financial crisis that began in mid-2007. Some good news was revealed in recently available first-quarter data, however, which showed profitability rebounding and increases in asset-quality problems slowing down. Whether measured by profits or problems, Eleventh District banks were roughly "twice as good and half as bad" as their counterparts across the nation. Most likely, this reflects the fact that the economic downturn was less severe in the district than in other parts of the nation. ; Another noticeable difference ...
Southwest Economy , Issue Q2 , Pages 3-7

Conference Paper
Estimating policy-invariant deep parameters in the financial sector when risk and growth matter

Proceedings

Journal Article
Technology: driving specialization or enabling diversification (or both)?

Economic Policy Review , Issue Oct , Pages 67-72

Journal Article
Banks serve more customers

Cross Sections , Issue Sum , Pages 5+

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