Details about Loretta J. Mester

Homepage:	https://www.clevelandfed.org/people/profiles/m/mester-loretta-j
Workplace:	Finance Department, Wharton School of Business, University of Pennsylvania, (more information at EDIRC) Federal Reserve Bank of Cleveland, (more information at EDIRC)

Access statistics for papers by Loretta J. Mester.

Last updated 2024-05-30. Update your information in the RePEc Author Service.

Short-id: pme136

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Working Papers

2024

1. An Update on the U.S. Economy and Monetary Policy
   Speech, Federal Reserve Bank of Cleveland
   Also in Speech, Federal Reserve Bank of Cleveland (2022)
   Speech, Federal Reserve Bank of Cleveland (2020)
   Speech, Federal Reserve Bank of Cleveland (2022)
   Speech, Federal Reserve Bank of Cleveland (2023)
2. Brief Remarks About the U.S. Economy and Monetary Policy
   Speech, Federal Reserve Bank of Cleveland
3. Building Financial System Resilience
   Speech, Federal Reserve Bank of Cleveland
4. Forward Guidance and Monetary Policy Communications: Use Your Words and Connect the Dots
   Speech, Federal Reserve Bank of Cleveland
5. Returning to Price Stability: An Update on the Economy and Monetary Policy
   Speech, Federal Reserve Bank of Cleveland
6. Views on the Economy and Monetary Policy: In a Good Place and Ensuring We Reach an Even Better One
   Speech, Federal Reserve Bank of Cleveland

2023

7. A Diligent and Judicious Return to Price Stability
   Speech, Federal Reserve Bank of Cleveland
8. A Timely Journey Back to Price Stability: Are We There Yet? No. Will We Get There? Yes
   Speech, Federal Reserve Bank of Cleveland
9. An Update on the Federal Reserve’s Instant Payments Service: FedNow®
   Speech, Federal Reserve Bank of Cleveland
10. Comments on “Managing Disinflations” by Stephen G. Cecchetti, Michael E. Feroli, Peter Hooper, Frederic S. Mishkin, and Kermit L. Schoenholtz with Matthew Luzzetti and Justin Weidner
    Speech, Federal Reserve Bank of Cleveland
11. Financial System Resilience
    Speech, Federal Reserve Bank of Cleveland
12. Inflation: Four Questions Requiring Further Research to Inform Monetary Policy, Closing Remarks, Inflation: Drivers and Dynamics Conference 2023
    Speech, Federal Reserve Bank of Cleveland
13. Longer-Run Trends and the U.S. Economy
    Speech, Federal Reserve Bank of Cleveland View citations (1)
14. Monetary Policy in Word and Deed
    Speech, Federal Reserve Bank of Cleveland
15. Perseverance and Partnership Produce Progress in Community Development, a speech at the 2023 Policy Summit: Communities Thriving in a Changing Economy
    Speech, Federal Reserve Bank of Cleveland
16. Progress and Prudence: An Update on the Economy and Monetary Policy
    Speech, Federal Reserve Bank of Cleveland
17. Returning to Price Stability: In It to Win It
    Speech, Federal Reserve Bank of Cleveland

2022

18. A Diligent Return to Price Stability
    Speech, Federal Reserve Bank of Cleveland
19. An Update on the Economic Outlook and Monetary Policy
    Speech, Federal Reserve Bank of Cleveland
20. An Update on the Economy and Monetary Policy: Perseverance in Returning to Price Stability
    Speech, Federal Reserve Bank of Cleveland
21. An Update on the Federal Reserve’s Efforts to Modernize the Payment System
    Speech, Federal Reserve Bank of Cleveland
22. Inflation, Inflation Expectations, and Monetary Policymaking Strategy
    Speech, Federal Reserve Bank of Cleveland
23. Rebalancing the U.S. Economy and Monetary Policy
    Speech, Federal Reserve Bank of Cleveland
24. Returning to Price Stability
    Speech, Federal Reserve Bank of Cleveland
25. Successful Workforce Development Programs: Four Lessons from Four Decades of Federal Reserve Research and Outreach
    Speech, Federal Reserve Bank of Cleveland
26. The FOMC’s Plan for Significantly Reducing the Federal Reserve’s Securities Holdings
    Speech, Federal Reserve Bank of Cleveland
27. The Great Recalibration of U.S. Monetary Policy
    Speech, Federal Reserve Bank of Cleveland
28. The Role of Inflation Expectations in Monetary Policymaking: A Practitioner’s Perspective
    Speech, Federal Reserve Bank of Cleveland View citations (2)
29. Transitioning Monetary Policy
    Speech, Federal Reserve Bank of Cleveland
30. Views on the Economy and Monetary Policy
    Speech, Federal Reserve Bank of Cleveland

2021

31. A Bright Outlook for the U.S. Economy
    Speech, Federal Reserve Bank of Cleveland
32. Cybersecurity and the Federal Reserve
    Speech, Federal Reserve Bank of Cleveland
33. Financial Stability and Monetary Policy in a Low-Interest-Rate Environment
    Speech, Federal Reserve Bank of Cleveland
34. Moving Toward a Broad-Based Sustainable Economic Recovery in the U.S
    Speech, Federal Reserve Bank of Cleveland
35. Patience Will Be a Virtue in Fostering a Broad-Based Sustainable Recovery
    Speech, Federal Reserve Bank of Cleveland View citations (1)
36. Remarks for the Session: “Increasing Diversity in Economics: From Students to Professors”
    Speech, Federal Reserve Bank of Cleveland
37. The Cycle of Disparities in Economic Outcomes and Opportunities
    Speech, Federal Reserve Bank of Cleveland
38. The Federal Reserve’s Revised Monetary Policy Strategy and Its First Year of Practice
    Speech, Federal Reserve Bank of Cleveland
39. Toward a More Inclusive Labor Market and Stronger Economy
    Speech, Federal Reserve Bank of Cleveland
40. What’s Ahead for the U.S. Economy and Monetary Policy?
    Speech, Federal Reserve Bank of Cleveland

2020

41. An Update on the Economy and the Federal Reserve’s Policy Response; 05.12.20 Loretta J. Mester: POWER Series, CFA Society Chicago, Chicago, IL (via videoconference)
    Speech, Federal Reserve Bank of Cleveland
42. An Update on the Effects of the Pandemic on the Economy
    Speech, Federal Reserve Bank of Cleveland
43. An Update on the U.S. Economy and the Federal Reserve’s Review of Its Monetary Policy Framework; 03.03.2020; The Society of Professional Economists, Annual Dinner, London, United Kingdom
    Speech, Federal Reserve Bank of Cleveland
44. Fintech, Bigtech, and Financial Inclusion
    Speech, Federal Reserve Bank of Cleveland View citations (1)
45. Modernizing Our Payments System; Fourth Annual Financial Literacy Day: Understanding Global Markets and Finance
    Speech, Federal Reserve Bank of Cleveland View citations (1)
46. Payments and the Pandemic
    Speech, Federal Reserve Bank of Cleveland
47. Remarks for the Panel: “Transparency and Communications” 03.06.20; The Shadow Open Market Committee Conference, Current Monetary Policy: The Influence of Marvin Goodfriend, New York, NY
    Speech, Federal Reserve Bank of Cleveland
48. Statement Regarding My Dissenting Vote at the Meeting of the Federal Open Market Committee Held on March 15, 2020
    Speech, Federal Reserve Bank of Cleveland
49. The Economy and Monetary Policy in Our Challenging Times
    Speech, Federal Reserve Bank of Cleveland
50. The Federal Reserve’s New Monetary Policy Strategy
    Speech, Federal Reserve Bank of Cleveland
51. The Outlook for the Economy and Federal Reserve Policy
    Speech, Federal Reserve Bank of Cleveland
52. The Outlook for the Economy and Monetary Policy in 2020, 36th Annual NABE Economic Policy Conference
    Speech, Federal Reserve Bank of Cleveland View citations (1)
53. Toward a More Inclusive Economy
    Speech, Federal Reserve Bank of Cleveland
54. “Hall of Mirrors: Feedback Between Monetary Policy and Asset Prices” 02.21.20; Panel Remarks at the 2020 U.S. Monetary Policy Forum Sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business
    Speech, Federal Reserve Bank of Cleveland

2019

55. An Update on the Economic Outlook and Monetary Policy: 10-10-2019; Mellen Executive Speaker Series, John Carroll University, University Heights, OH
    Speech, Federal Reserve Bank of Cleveland
56. Cybersecurity and Financial Stability; 2019 Financial Stability Conference – Financial Stability: Risks, Resilience, and Policy, 11.21.19; Federal Reserve Bank of Cleveland and the Office of Financial Research, Cleveland, OH
    Speech, Federal Reserve Bank of Cleveland
57. Does Scale Matter in Community Bank Performance? Evidence Obtained by Applying Several New Measures of Performance
    Departmental Working Papers, Rutgers University, Department of Economics View citations (19)
    Also in Departmental Working Papers, Rutgers University, Department of Economics (2018) View citations (2)
    Working Papers, Federal Reserve Bank of Philadelphia (2018) View citations (2)
    See also Journal Article Does scale matter in community bank performance? Evidence obtained by applying several new measures of performance, Journal of Banking & Finance, Elsevier (2019) View citations (12) (2019)
58. Improving Our Monetary Policy Strategy; 05.03.19, The Hoover Institution, Stanford University, Stanford, CA
    Speech, Federal Reserve Bank of Cleveland
59. Increasing Diversity, Inclusion, and Opportunity in Economics: Perspectives of a Brown-Eyed Economist: 02.28.19 Second Annual Women in Economics Symposium, Federal Reserve Bank of St. Louis, St. Louis, MO
    Speech, Federal Reserve Bank of Cleveland
60. Perspectives on Cybersecurity, the Financial System, and the Federal Reserve; 04.04.19 Ohio Bankers Day, Ohio Division of Financial Institutions, Columbus, OH
    Speech, Federal Reserve Bank of Cleveland
61. Perspectives on the Economic Outlook and Monetary Policy in the Coming Year: 02-04-2019; The 50 Club, Cleveland, Ohio
    Speech, Federal Reserve Bank of Cleveland
62. The Outlook for the Economy and Monetary Policy; 02.12.19; Financial Executives International and Xavier University, Cincinnati, OH
    Speech, Federal Reserve Bank of Cleveland
63. The Outlook for the Economy and Monetary Policy; 02.13.19; University of Kentucky Gatton College of Business and Economics, 2019 Economic Outlook Conference, Lexington, KY
    Speech, Federal Reserve Bank of Cleveland
64. Transitions: The Economy, Monetary Policy, and Policy Communications; 02.19.19, Lyons Companies and the Center for Economic Education and Entrepreneurship, Alfred Lerner College of Business and Economics, University of Delaware, Newark, DE
    Speech, Federal Reserve Bank of Cleveland
65. Views on the U.S. Economy and Monetary Policy; 07.02.19 The European Economics and Financial Centre; Distinguished Speaker Seminar, London, UK
    Speech, Federal Reserve Bank of Cleveland

2018

66. A Practical Viewpoint on Financial System Resiliency and Monetary Policy; 05.18.18; Third Annual ECB Macroprudential Policy and Research Conference, European Central Bank, Frankfurt, Germany
    Speech, Federal Reserve Bank of Cleveland
67. Community Banking and the Community Reinvestment Act; Community Banking in the 21st Century Research and Policy Conference, Federal Reserve Bank of St. Louis, St. Louis, MO: 10.03.18
    Speech, Federal Reserve Bank of Cleveland
68. Community Development and the Federal Reserve; 11.29.18 Opening Remarks at the Collaboration for Inclusive Economic Development: A Forum for Philanthropies, Policymakers, and Practitioners, Federal Reserve Bank of Boston, Boston, MA
    Speech, Federal Reserve Bank of Cleveland
69. Financial Stability Framework; Panel Remarks for the International Banking, Economics, and Finance Association and American Economic Association Session, \"Integrating Financial Stability with Monetary Policy\", Allied Social Science Associations Annual Meeting, 01-06-2018; Philadelphia, PA
    Speech, Federal Reserve Bank of Cleveland
70. Issues for U.S. Monetary Policy; Global Interdependence Center Central Banking Series with Banque de France, Paris, France
    Speech, Federal Reserve Bank of Cleveland
71. Monetary Policy Frameworks; Panel Remarks for the National Association for Business Economics and American Economic Association Session, \"Coordinating Conventional and Unconventional Monetary Policies for Macroeconomic Stability\", Allied Social Science Associations Annual Meeting, Philadelphia, PA
    Speech, Federal Reserve Bank of Cleveland View citations (4)
72. Perspectives on the Economic Outlook and Monetary Policy. University of Pittsburgh Joseph M. Katz Graduate School of Business and Deloitte LLP, Pittsburgh, PA
    Speech, Federal Reserve Bank of Cleveland
73. Remarks on the FOMC’s Monetary Policy Framework; 02-23-2018: Panel Remarks at the 2018 U.S. Monetary Policy Forum, Sponsored by the Initiative on Global Markets at the University of Chicago Booth School of Business, New York, NY
    Speech, Federal Reserve Bank of Cleveland View citations (5)
74. The Economic Outlook, Monetary Policy, and Normal Policymaking Now and in the Future; 10.25.18 Money Marketeers of New York University, Inc., New York, NY
    Speech, Federal Reserve Bank of Cleveland
75. The Economic Outlook, Monetary Policy, and Some Future Considerations for the Monetary Policy Agenda; 03.26.18; The Julis-Rabinowitz Center for Public Policy and Finance, Princeton University, Princeton, NJ
    Speech, Federal Reserve Bank of Cleveland
76. The Federal Reserve and Monetary Policy Communications: The Tangri Lecture, Rutgers University, New Brunswick, NJ. 01/17/2018
    Speech, Federal Reserve Bank of Cleveland
77. The Outlook for the Economy and Monetary Policy; Vantage Point: Economists on the Economy Series, The Council for Economic Education, New York, NY
    Speech, Federal Reserve Bank of Cleveland
78. The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications
    Departmental Working Papers, Rutgers University, Department of Economics
79. Views on the Economy and Monetary Policy: Government Affairs Breakfast Series, Dayton Area Chamber of Commerce, Dayton, OH
    Speech, Federal Reserve Bank of Cleveland
80. Why I Want You to Study Economics: Increasing Diversity, Inclusion, and Opportunity in Economics; 04-04-18; Central State University College of Business, Wilberforce, OH
    Speech, Federal Reserve Bank of Cleveland

2017

81. A Serenity Prayer for Monetary Policymakers: Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland - The Global Interdependence Center, Central Banking Series, Singapore - February 20, 2017
    Speech, Federal Reserve Bank of Cleveland
82. Demographics and Their Implications for the Economy and Policy; 11.16.17; Cato Institute's 35th Annual Monetary Conference: The Future of Monetary Policy, Washington, DC
    Speech, Federal Reserve Bank of Cleveland View citations (1)
83. Guiding Principles for Financial Regulation; Panel Remarks at \"The Future of Global Finance: Populism, Technology, and Regulation\" Conference, Columbia University, New York, NY
    Speech, Federal Reserve Bank of Cleveland
84. Perspectives on the Economic Outlook and Banking Supervision and Regulation; 2017-08-02; The Community Bankers Association of Ohio Annual Convention, Cincinnati, OH
    Speech, Federal Reserve Bank of Cleveland View citations (1)
85. The Economic Outlook and Monetary Policy Communications 03.21.17 The Stanley S. Watts Lecture, The Robins School of Business, University of Richmond, Richmond, VA
    Speech, Federal Reserve Bank of Cleveland
86. The Economic Outlook and Some Longer-Run Issues 05-18-2017 Economic Club of Minnesota, Minneapolis, MN
    Speech, Federal Reserve Bank of Cleveland
87. The Federal Reserve System and Community Development: The Why, The How, and The What 2017 Policy Summit on Housing, Human Capital, and Inequality, Cleveland, OH
    Speech, Federal Reserve Bank of Cleveland
88. The Outlook for the Economy and Monetary Policy 05-08-2017 The Chicago Council on Global Affairs, Chicago, IL
    Speech, Federal Reserve Bank of Cleveland
89. Updates on the Economy and the Federal Reserve’s Payments System Improvement Initiative 03-30-2017 Tenth Annual Risk Conference: “Promise and Peril: Managing the Uncertainty of Rapid Innovation and a Changing Economy”, Co-hosted by the Federal Reserve Bank of Chicago and DePaul University’s Center for Financial Services, Chicago, IL
    Speech, Federal Reserve Bank of Cleveland
90. Views on the Economy and Monetary Policy Loretta J. Mester; The Economic Club of Pittsburgh, the World Affairs Council of Pittsburgh, CFA Society Pittsburgh, and the Pittsburgh Association for Financial Professionals, Pittsburgh, PA
    Speech, Federal Reserve Bank of Cleveland

2016

91. A Monetary Policymaker’s Lexicon at Market News International, New York, NY
    Speech, Federal Reserve Bank of Cleveland
92. Acknowledging Uncertainty, 10-07-2016; Shadow Open Market Committee Fall Meeting, New York, NY
    Speech, Federal Reserve Bank of Cleveland
93. Five Points About Monetary Policy and Financial Stability (06-04-2016) Sveriges Riksbank Conference on Rethinking the Central Bank’s Mandate, Stockholm, Sweden
    Speech, Federal Reserve Bank of Cleveland View citations (2)
94. Helping People and Communities Affected by Regional Economic Transitions 09.01.16 2016 Kentucky Summit on Philanthropy, The Kentucky Philanthropy Initiative, Lexington, Kentucky
    Speech, Federal Reserve Bank of Cleveland
95. Is Bigger Necessarily Better in Community Banking?
    Departmental Working Papers, Rutgers University, Department of Economics View citations (6)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2016) View citations (7)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2016) View citations (6)
    Working Papers (Old Series), Federal Reserve Bank of Cleveland (2016) View citations (5)
96. Market Discipline Working for and Against Financial Stability: The Two Faces of Equity Capital in U.S. Commercial Banking
    Departmental Working Papers, Rutgers University, Department of Economics View citations (6)
97. Measuring Agency Costs and the Value of Investment Opportunities of U.S. Bank Holding Companies with Stochastic Frontier Estimation
    Departmental Working Papers, Rutgers University, Department of Economics View citations (1)
    See also Chapter Measuring agency costs and the value of investment opportunities of US bank holding companies with stochastic frontier estimation, Chapters, Edward Elgar Publishing (2017) (2017)
98. Recent Inflation Developments and Challenges for Research and Monetary Policymaking: The 47th Konstanz Seminar on Monetary Theory and Monetary Policy, Insel Reichenau, Germany 5-12-2016
    Speech, Federal Reserve Bank of Cleveland
99. The Economic Outlook and Monetary Policy 09.28.16 Greater Cleveland Partnership Middle-Market Forum, Cleveland, OH
    Speech, Federal Reserve Bank of Cleveland
100. The Economy and Monetary Policy at the Global Interdependence Center, Sarasota, FL
     Speech, Federal Reserve Bank of Cleveland
101. The National and Regional Economic Outlook and Monetary Policy, 11-30-2016; The African American Chamber of Commerce of Western Pennsylvania Annual Business Luncheon, Pittsburgh, PA
     Speech, Federal Reserve Bank of Cleveland
102. The Outlook for the Economy and Monetary Policy: Low-Frequency Policymaking in a High-Frequency World
     Speech, Federal Reserve Bank of Cleveland View citations (2)
103. The Outlook for the National and Regional Economy and Monetary Policy: Low-Frequency Policymaking in a High-Frequency World
     Speech, Federal Reserve Bank of Cleveland View citations (1)
104. The U.S. Economic Outlook and Monetary Policy 07.13.16 Australian Business Economists, Sydney, Australia
     Speech, Federal Reserve Bank of Cleveland
105. The U.S. Economic Outlook and Monetary Policy: The European Economics and Financial Centre, Distinguished Speakers Seminar, London, U.K. - July 1, 2016
     Speech, Federal Reserve Bank of Cleveland
106. The U.S. Economy and Monetary Policy Remarks for the Panel Discussion, “The United States and the Global Economic Outlook” National Association for Business Economics/American Economic Association Meetings San Francisco, CA January 3, 2016
     Speech, Federal Reserve Bank of Cleveland

2015

107. Comments on \"Microprudential Versus Macroprudential Supervision\" by Paul Tucker 59th Economic Conference–Macroprudential Monetary Policy Federal Reserve Bank of Boston Boston, MA October 2, 2015
     Speech, Federal Reserve Bank of Cleveland
108. Comments on “The Equilibrium Real Funds Rate: Past, Present, and Future.”
     Speech, Federal Reserve Bank of Cleveland
     Also in Speech, Federal Reserve Bank of Cleveland (2015)
109. Community Development and Human Capital Loretta J Mester-President and CEO-Federal Reserve Bank of Cleveland-2015 Policy Summit on Housing, Human Capital, and Inequality
     Speech, Federal Reserve Bank of Cleveland
110. Consumer Credit: Suggested Directions for Policy-Relevant Research
     Speech, Federal Reserve Bank of Cleveland View citations (1)
111. Forward Guidance and Communications in U.S. Monetary Policy
     Speech, Federal Reserve Bank of Cleveland
112. Forward Guidance in Extraordinary Times, in Normal Times, and Betwixt the Two
     Speech, Federal Reserve Bank of Cleveland
113. Long-Run Economic Growth Loretta J. Mester New York University Stern Center for Global Economy and Business, New York, NY October 15, 2015
     Speech, Federal Reserve Bank of Cleveland
114. Perspectives on the Economy and Monetary Policy at the City Club of Cleveland, Cleveland, Ohio
     Speech, Federal Reserve Bank of Cleveland
115. Post-Crisis Financial System Regulation and Its Research Foundation, May 25, 2015
     Speech, Federal Reserve Bank of Cleveland
116. Recent Developments in U.S. Monetary Policy: From Extraordinary Back to Ordinary
     Speech, Federal Reserve Bank of Cleveland
117. The Economic Outlook and Monetary Policy Loretta J Mester-President and CEO-Federal Reserve Bank of Cleveland-The Forecasters Club of New York-New York, NY-April 16, 2015
     Speech, Federal Reserve Bank of Cleveland
118. The Economic Outlook, Monetary Policy, and Communications: Progress on Multiple Journeys
     Speech, Federal Reserve Bank of Cleveland
119. The Economic Outlook, Monetary Policy, and Getting Back to Normal
     Speech, Federal Reserve Bank of Cleveland
120. The Future of Large, Internationally Active Banks: Does Scale Define the Winners?
     Departmental Working Papers, Rutgers University, Department of Economics
     See also Chapter The Future of Large, Internationally Active Banks: Does Scale Define the Winners?, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2016) (2016)
121. The Nexus of Macroprudential Supervision, Monetary Policy, and Financial Stability
     Speech, Federal Reserve Bank of Cleveland
     See also Journal Article The nexus of macroprudential supervision, monetary policy, and financial stability, Journal of Financial Stability, Elsevier (2017) View citations (19) (2017)
122. The Outlook for the Economy and Bank Regulation
     Speech, Federal Reserve Bank of Cleveland
123. The Outlook for the Economy and Monetary Policy Communications
     Speech, Federal Reserve Bank of Cleveland View citations (3)
124. U.S. Payment System Improvement and the Federal Reserve 11.18.15 Loretta J. Mester The Clearing House Annual Conference, New York, NY
     Speech, Federal Reserve Bank of Cleveland

2013

125. Large Capital Infusions, Investor Reactions, and the Return and Risk-Performance of Financial Institutions over the Business Cycle
     Working Papers, University of Pennsylvania, Wharton School, Weiss Center
     See also Journal Article Large capital infusions, investor reactions, and the return and risk-performance of financial institutions over the business cycle, Journal of Financial Stability, Elsevier (2014) View citations (33) (2014)
126. Large capital infusions, investor reactions, and the return and risk performance of financial institutions over the business cycle and recent finanical crisis
     Working Papers, Federal Reserve Bank of Philadelphia
     Also in Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2011) View citations (9)
     Working Papers, Federal Reserve Bank of Philadelphia (2011) View citations (2)
127. Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications
     Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (6)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (2013) View citations (5)
     Departmental Working Papers, Rutgers University, Department of Economics (2013) View citations (6)
128. Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function
     Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (168)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (2011) View citations (7)
     Working Papers, Federal Reserve Bank of Philadelphia (2013) View citations (46)
     Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2011) View citations (16)
     Departmental Working Papers, Rutgers University, Department of Economics (2011) View citations (6)
     See also Journal Article Who said large banks don’t experience scale economies? Evidence from a risk-return-driven cost function, Journal of Financial Intermediation, Elsevier (2013) View citations (165) (2013)

2012

129. A Primer on Market Discipline and Governance of Financial Institutions for Those in a State of Shocked Disbelief
     Departmental Working Papers, Rutgers University, Department of Economics View citations (4)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (2012) View citations (3)

2011

130. Core measures of inflation as predictors of total inflation
     Working Papers, Federal Reserve Bank of Philadelphia View citations (7)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (2008) View citations (4)
     Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2011)
     See also Journal Article Core Measures of Inflation as Predictors of Total Inflation, Journal of Money, Credit and Banking, Blackwell Publishing (2013) View citations (10) (2013)

2008

131. Central bank institutional structure and effective central banking: cross-country empirical evidence
     Bank of Finland Research Discussion Papers, Bank of Finland View citations (4)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (2008) View citations (18)
     See also Journal Article Central Bank Institutional Structure and Effective Central Banking: Cross-Country Empirical Evidence, Comparative Economic Studies, Palgrave Macmillan (2008) View citations (19) (2008)
132. Efficiency in Banking: Theory, Practice, and Evidence
     Departmental Working Papers, Rutgers University, Department of Economics View citations (41)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (2008) View citations (45)

2007

133. Competitive effects of Basel II on U.S. bank credit card lending
     Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
     See also Journal Article Competitive effects of Basel II on US bank credit card lending, Journal of Financial Intermediation, Elsevier (2008) View citations (3) (2008)

2005

134. Optimal industrial structure in banking
     Working Papers, Federal Reserve Bank of Philadelphia View citations (12)
135. Potential competitive effects on U.S. bank credit card lending from the proposed bifurcated application of Basel II
     Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
136. Switching costs and adverse selection in the market for credit cards: new evidence
     Working Papers, Federal Reserve Bank of Philadelphia View citations (8)
     See also Journal Article Switching costs and adverse selection in the market for credit cards: New evidence, Journal of Banking & Finance, Elsevier (2006) View citations (57) (2006)
137. Transactions accounts and loan monitoring
     Working Papers, Federal Reserve Bank of Philadelphia View citations (5)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (2004) View citations (4)
     See also Journal Article Transactions Accounts and Loan Monitoring, The Review of Financial Studies, Society for Financial Studies (2007) View citations (90) (2007)

2003

138. Applying efficiency measurement techniques to central banks
     Working Papers, Federal Reserve Bank of Philadelphia View citations (16)

2002

139. Checking Accounts and Bank Monitoring
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (15)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (1998) View citations (33)
     Working Papers, Federal Reserve Bank of Philadelphia (2001) View citations (15)
140. Do Bankers Sacrifice Value to Build Empires? Managerial Incentives, Industry Consolidation and Financial Performance
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (5)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (2002) View citations (9)
     Departmental Working Papers, Rutgers University, Department of Economics (2001) View citations (1)
     See also Journal Article Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance, Journal of Banking & Finance, Elsevier (2003) View citations (79) (2003)
141. Explaining the dramatic changes in performance of U.S. banks: technological change, deregulation, and dynamic changes in competition
     Working Papers, Federal Reserve Bank of Philadelphia View citations (6)
     Also in Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (2001) View citations (30)
     See also Journal Article Explaining the dramatic changes in performance of US banks: technological change, deregulation, and dynamic changes in competition, Journal of Financial Intermediation, Elsevier (2003) View citations (294) (2003)

2000

142. Are All Scale Economies in Banking Elusive or Illusive: Evidence Obtained by Incorporating Capital Structure and Risk Taking into Models of Bank Production
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (5)
143. Are Scale Economies in Banking Elusive or Illusive?
     Departmental Working Papers, Rutgers University, Department of Economics View citations (27)
144. Are scale economies in banking elusive or illusive? Evidence obtained by incorporating capital structure and risk-taking into models of bank production
     Working Papers, Federal Reserve Bank of Philadelphia View citations (7)
     Also in Proceedings, Federal Reserve Bank of Chicago (2000) View citations (7)
     See also Journal Article Are scale economies in banking elusive or illusive?: Evidence obtained by incorporating capital structure and risk-taking into models of bank production, Journal of Banking & Finance, Elsevier (2001) View citations (215) (2001)
145. Optimal Financial Contracts for Large Investors: The Role of Lender Liability
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (2)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (2000) View citations (2)
146. Recovering Risky Technologies Using The Almost Ideal Demand System: An Application To U.S. Banking
     Departmental Working Papers, Rutgers University, Department of Economics View citations (57)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (2000) View citations (52)
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (2000) View citations (57)
     Working Papers, Federal Reserve Bank of Philadelphia (1997) View citations (25)
     See also Journal Article Recovering Risky Technologies Using the Almost Ideal Demand System: An Application to U.S. Banking, Journal of Financial Services Research, Springer (2000) View citations (52) (2000)

1999

147. Credit scoring and securitization of small business loans
     Proceedings, Federal Reserve Bank of Chicago View citations (1)
148. Financial contracts and the legal treatment of informed investors
     Working Papers, Federal Reserve Bank of Philadelphia
149. What Explains the Dramatic Changes in Cost and Profit Performance of the U.S. Banking Industry?
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (29)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (1999) View citations (33)
     Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1999) View citations (25)

1998

150. Deposits and Relationship Lending Review of Financial Studies
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (7)
151. Deposits and relationship lending
     Working Papers, Federal Reserve Bank of Philadelphia View citations (5)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (1997) View citations (4)
     See also Journal Article Deposits and Relationship Lending, The Review of Financial Studies, Society for Financial Studies (1999) View citations (273) (1999)
152. The Dollars and Sense of Bank Consolidation
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (7)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (1998) View citations (4)
     See also Journal Article The dollars and sense of bank consolidation, Journal of Banking & Finance, Elsevier (1999) View citations (159) (1999)

1997

153. Bank Managers' Objectives
     Departmental Working Papers, Rutgers University, Department of Economics
     Also in Working Papers, Federal Reserve Bank of Philadelphia (1994) View citations (6)
154. Bank capitalization and cost: evidence of scale economies in risk management and signaling
     Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
     See also Journal Article Bank Capitalization And Cost: Evidence Of Scale Economies In Risk Management And Signaling, The Review of Economics and Statistics, MIT Press (1998) View citations (249) (1998)
155. Efficiency and productivity change in the U.S. commercial banking industry: a comparison of the 1980s and 1990s
     Working Papers, Federal Reserve Bank of Philadelphia View citations (10)
156. Inside the Black Box: What Explains Differences in the Efficiencies of Financial Institutions?
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (1152)
     Also in Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) (1997) View citations (1089)
     Working Papers, Federal Reserve Bank of Philadelphia (1997) View citations (1104)
     See also Journal Article Inside the black box: What explains differences in the efficiencies of financial institutions?, Journal of Banking & Finance, Elsevier (1997) View citations (1136) (1997)
157. Intermediation and vertical integration
     Working Papers, Federal Reserve Bank of Philadelphia
     See also Journal Article Intermediation and Vertical Integration, Journal of Money, Credit and Banking, Blackwell Publishing (1998) View citations (1) (1998)
158. On the Profitability and Cost of Relationship Lending
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (14)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (1997) View citations (11)
     See also Journal Article On the profitability and cost of relationship lending, Journal of Banking & Finance, Elsevier (1998) View citations (99) (1998)

1996

159. Efficient banking under interstate branching
     Working Papers, Federal Reserve Bank of Philadelphia View citations (191)
     See also Journal Article Efficient banking under interstate branching, Proceedings, Board of Governors of the Federal Reserve System (U.S.) (1996) View citations (190) (1996)
160. Measuring efficiency at U.S. banks: accounting for heterogeneity is important
     Working Papers, Federal Reserve Bank of Philadelphia View citations (6)
     See also Journal Article Measuring efficiency at U.S. banks: Accounting for heterogeneity is important, European Journal of Operational Research, Elsevier (1997) View citations (95) (1997)
161. Safety in numbers? Geographic diversification and bank insolvency risk
     Working Papers, Federal Reserve Bank of Philadelphia View citations (28)
     Also in Proceedings, Federal Reserve Bank of Chicago (1996) View citations (9)

1995

162. Consumer behavior and the stickiness of credit card interest rates
     Working Papers, Federal Reserve Bank of Philadelphia View citations (133)
     Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (1994)
     Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
     See also Journal Article Consumer Behavior and the Stickiness of Credit-Card Interest Rates, American Economic Review, American Economic Association (1995) View citations (138) (1995)
163. Efficiency of banks in the Third Federal Reserve District: a study of bank efficiency taking into account risk-preferences
     Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
164. Recovering Technologies that Account for Generalized Managerial Preferences: An Application to Non-Risk-Neutral Banks
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (35)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (1995) View citations (38)
165. Recovering banking technologies when managers are not risk-neutral
     Proceedings, Federal Reserve Bank of Chicago View citations (3)

1994

166. Evidence on the objectives of bank managers
     Proceedings, Federal Reserve Bank of Chicago View citations (2)
     Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (9)
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (1992)
     Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (9)

1993

167. A positive analysis of bank closure
     Working Papers, Federal Reserve Bank of Philadelphia View citations (12)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (1993) View citations (2)
     See also Journal Article A Positive Analysis of Bank Closure, Journal of Financial Intermediation, Elsevier (1994) View citations (130) (1994)
168. Accounting for the demand for financial capital and risk-taking in bank cost functions
     Working Papers, Federal Reserve Bank of Philadelphia View citations (12)
169. Efficiency of Banks in the Third Federal Reserve District
     Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (5)
     Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research
     Working Papers, Federal Reserve Bank of Philadelphia (1993) View citations (6)
     Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (12)
170. Financial intermediation as vertical integration
     Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
171. When do regulators close banks? When should they?
     Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (1991)
172. Why are credit card rates sticky?
     Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
     See also Journal Article Why Are Credit Card Rates Sticky?, Economic Theory, Springer (1994) View citations (25) (1994)

1992

173. Debt covenants and renegotiation
     Working Papers, Federal Reserve Bank of Philadelphia View citations (148)
     Also in Working Papers, Federal Reserve Bank of Philadelphia (1990) View citations (11)
     See also Journal Article Debt covenants and renegotiation, Journal of Financial Intermediation, Elsevier (1992) View citations (151) (1992)
174. Efficiency in the savings and loan industry
     Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
     Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (1)
     See also Journal Article Efficiency in the savings and loan industry, Journal of Banking & Finance, Elsevier (1993) View citations (174) (1993)
175. Further evidence concerning expense preference and the Fed
     Working Papers, Federal Reserve Bank of Philadelphia
     See also Journal Article Further Evidence Concerning Expense Preference and the Fed, Journal of Money, Credit and Banking, Blackwell Publishing (1994) View citations (1) (1994)
176. Perfectual signaling with imperfectly correlated costs
     Working Papers, Federal Reserve Bank of Philadelphia
     Also in Working Papers, Federal Reserve Bank of Philadelphia (1990)
177. Search, switching costs, and the stickiness of credit card interest rates
     Working Papers, Federal Reserve Bank of Philadelphia View citations (1)

1991

178. A quality and risk-adjusted cost function for banks: evidence on the \" too-big-to-fail\" doctrine
     Working Papers, Federal Reserve Bank of Philadelphia
     Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (42)
179. Expense preference and the Fed revisited
     Working Papers, Federal Reserve Bank of Philadelphia

1990

180. The costs of traditional and nontraditional banking
     Proceedings, Federal Reserve Bank of Chicago
181. Traditional and nontraditional banking: an information-theoretic approach
     Working Papers, Federal Reserve Bank of Philadelphia View citations (3)
     See also Journal Article Traditional and nontraditional banking: An information-theoretic approach, Journal of Banking & Finance, Elsevier (1992) View citations (93) (1992)
182. When does the prime rate change?
     Working Papers, Federal Reserve Bank of Philadelphia
     See also Journal Article When does the prime rate change?, Journal of Banking & Finance, Elsevier (1995) View citations (58) (1995)
183. Who changes the prime rate?
     Working Papers, Federal Reserve Bank of Philadelphia

1989

184. Multiple-market contact in an incomplete-information model with imperfectly correlated cost
     Working Papers, Federal Reserve Bank of Philadelphia
185. Testing for expense preference behavior: mutual versus stock savings and loans
     Working Papers, Federal Reserve Bank of Philadelphia View citations (69)
     See also Journal Article Testing for Expense Preference Behavior: Mutual versus Stock Savings and Loans, RAND Journal of Economics, The RAND Corporation (1989) View citations (70) (1989)
186. Viability in multiproduct industries
     Working Papers, Federal Reserve Bank of Philadelphia
     See also Journal Article Viability in multiproduct industries, Economics Letters, Elsevier (1989) (1989)

1988

187. A testing strategy for expense preference behavior
     Working Papers, Federal Reserve Bank of Philadelphia
188. Are production economies a motive for mutual to stock conversions in the savings and loan industry?
     Working Papers, Federal Reserve Bank of Philadelphia
189. Credit card rate stickiness in a screening model of consumer credit
     Working Papers, Federal Reserve Bank of Philadelphia

1987

190. An analysis of the effect of ownership form on technology: stock versus mutual savings and loan associations
     Working Papers, Federal Reserve Bank of Philadelphia
191. Credit card rates and consumer search
     Working Papers, Federal Reserve Bank of Philadelphia
     See also Journal Article Credit card rates and consumer search, Review of Financial Economics, John Wiley & Sons (2004) (2004)
192. Testing for expense preference behavior using cost data
     Working Papers, Federal Reserve Bank of Philadelphia

1986

193. The effects of multimarket contact on savings and loan behavior
     Proceedings, Federal Reserve Bank of Chicago

Journal Articles

2022

1. Reflections: Now Is the Time to Close the Digital Divide
   Reflections by Loretta Mester, 2022, 2022, (02), 11
2. Reflections: Small Businesses
   Reflections by Loretta Mester, 2022, 2022, (01), 13

2021

3. Reflections from Loretta J. Mester
   Reflections by Loretta Mester, 2021, 2021, (01), 1
4. Reflections: Education
   Reflections by Loretta Mester, 2021, 2021, (02), 9
5. Reflections: Place Matters
   Reflections by Loretta Mester, 2021, 2021, (04), 12
6. Reflections: Workforce Development
   Reflections by Loretta Mester, 2021, 2021, (03), 9

2019

7. Does scale matter in community bank performance? Evidence obtained by applying several new measures of performance
   Journal of Banking & Finance, 2019, 106, (C), 471-499 View citations (12)
   See also Working Paper Does Scale Matter in Community Bank Performance? Evidence Obtained by Applying Several New Measures of Performance, Departmental Working Papers (2019) View citations (19) (2019)

2017

8. Introduction to Retail Payments: Mapping Out the Road Ahead
   Journal of Financial Services Research, 2017, 52, (1), 1-3 View citations (2)
9. The nexus of macroprudential supervision, monetary policy, and financial stability
   Journal of Financial Stability, 2017, 30, (C), 177-180 View citations (19)
   See also Working Paper The Nexus of Macroprudential Supervision, Monetary Policy, and Financial Stability, Speech (2015) (2015)

2014

10. Large capital infusions, investor reactions, and the return and risk-performance of financial institutions over the business cycle
    Journal of Financial Stability, 2014, 11, (C), 62-81 View citations (33)
    See also Working Paper Large Capital Infusions, Investor Reactions, and the Return and Risk-Performance of Financial Institutions over the Business Cycle, Working Papers (2013) (2013)

2013

11. Core Measures of Inflation as Predictors of Total Inflation
    Journal of Money, Credit and Banking, 2013, 45, (2‐3), 505-519 View citations (10)
    Also in Journal of Money, Credit and Banking, 2013, 45, (2-3), 505-519 (2013) View citations (32)
    See also Working Paper Core measures of inflation as predictors of total inflation, Working Papers (2011) View citations (7) (2011)
12. Has job quality been \\"job one\\" in the economic recovery?
    Research Rap Special Report, 2013, (Aug) View citations (1)
13. Who said large banks don’t experience scale economies? Evidence from a risk-return-driven cost function
    Journal of Financial Intermediation, 2013, 22, (4), 559-585 View citations (165)
    See also Working Paper Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function, Working Papers (2013) View citations (168) (2013)

2012

14. Changes in the use of electronic means of payment: 1995-2010
    Business Review, 2012, (Q3), 25-36

2009

15. Changes in the use of electronic means of payment: 1995-2007
    Business Review, 2009, (Q3), 29-37

2008

16. Central Bank Institutional Structure and Effective Central Banking: Cross-Country Empirical Evidence
    Comparative Economic Studies, 2008, 50, (4), 620-645 View citations (19)
    See also Working Paper Central bank institutional structure and effective central banking: cross-country empirical evidence, Bank of Finland Research Discussion Papers (2008) View citations (4) (2008)
17. Competitive effects of Basel II on US bank credit card lending
    Journal of Financial Intermediation, 2008, 17, (4), 478-508 View citations (3)
    See also Working Paper Competitive effects of Basel II on U.S. bank credit card lending, Working Papers (2007) View citations (1) (2007)
18. Financing community development: Learning from the past, looking to the future
    Business Review, 2008, (Q1), 34-50
19. Innovation and regulation in financial markets: A summary of the 2007 Philadelphia Fed Policy Forum
    Business Review, 2008, (Q3), 35-41
20. Introduction
    Journal of Economics and Business, 2008, 60, (1-2), 1-12

2007

21. Economic growth and development: perspectives for policy makers
    Business Review, 2007, (Q3), 30-39
22. Some thoughts on the evolution of the banking system and the process of financial intermediation
    Economic Review, 2007, (Q1-2), 67 - 75 View citations (9)
23. Transactions Accounts and Loan Monitoring
    The Review of Financial Studies, 2007, 20, (3), 529-556 View citations (90)
    See also Working Paper Transactions accounts and loan monitoring, Working Papers (2005) View citations (5) (2005)

2006

24. Changes in the use of electronic means of payment: 1995-2004
    Business Review, 2006, (Q2), 26-30 View citations (4)
25. Core inflation as a predictor of total inflation
    Research Rap Special Report, 2006, (Apr) View citations (8)
26. Fiscal imbalance: problems, solutions, and implications
    Business Review, 2006, (Q3), 31-39
27. Switching costs and adverse selection in the market for credit cards: New evidence
    Journal of Banking & Finance, 2006, 30, (6), 1653-1685 View citations (57)
    See also Working Paper Switching costs and adverse selection in the market for credit cards: new evidence, Working Papers (2005) View citations (8) (2005)

2005

28. Challenges and opportunities in a global economy: perspectives on outsourcing, exchange rates, and free trade: a summary of the 2004 Philadelphia Fed Policy Forum
    Business Review, 2005, (Q3), 36-48
29. Erratum to "Explaining the dramatic changes in performance of US banks: Technological change, deregulation, and dynamic changes in competition" [J. Fin. Intermed. 12 (2003) 57-95]
    Journal of Financial Intermediation, 2005, 14, (2), 278-279

2004

30. Credit card rates and consumer search
    Review of Financial Economics, 2004, 13, (1-2), 179-198
    Also in Review of Financial Economics, 2004, 13, (1-2), 179-198 (2004) View citations (11)
    See also Working Paper Credit card rates and consumer search, Working Papers (1987) (1987)
31. Managing the recovery in uncertain times: a summary of the 2003 Philadelphia Fed Policy Forum
    Business Review, 2004, (Q3), 44-53
32. Retail credit risk management and measurement: An introduction to the special issue
    Journal of Banking & Finance, 2004, 28, (4), 721-725
33. Was job quality “job one” in the tri-state region’s economic recovery?
    Research Rap Special Report, 2004, (Dec)

2003

34. Changes in the use of electronic means of payment: 1995-2001
    Business Review, 2003, (Q3), 18-28 View citations (1)
35. Crises, contagion, and coordination: a summary of the 2002 Philadelphia Fed Policy Forum
    Business Review, 2003, (Q3), 8-15
36. Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance
    Journal of Banking & Finance, 2003, 27, (3), 417-447 View citations (79)
    See also Working Paper Do Bankers Sacrifice Value to Build Empires? Managerial Incentives, Industry Consolidation and Financial Performance, Center for Financial Institutions Working Papers (2002) View citations (5) (2002)
37. Explaining the dramatic changes in performance of US banks: technological change, deregulation, and dynamic changes in competition
    Journal of Financial Intermediation, 2003, 12, (1), 57-95 View citations (294)
    See also Working Paper Explaining the dramatic changes in performance of U.S. banks: technological change, deregulation, and dynamic changes in competition, Working Papers (2002) View citations (6) (2002)

2002

38. Is the personal bankruptcy system bankrupt?
    Business Review, 2002, (Q1), 31-44 View citations (3)
39. The Philadelphia Fed Policy Forum: summary of the 2001 Policy Forum and announcement of the 2002 Policy Forum
    Business Review, 2002, (Q3), 6-15

2001

40. Are scale economies in banking elusive or illusive?: Evidence obtained by incorporating capital structure and risk-taking into models of bank production
    Journal of Banking & Finance, 2001, 25, (12), 2169-2208 View citations (215)
    See also Working Paper Are scale economies in banking elusive or illusive? Evidence obtained by incorporating capital structure and risk-taking into models of bank production, Working Papers (2000) View citations (7) (2000)
41. Changes in the use of electronic means of payment
    Business Review, 2001, (Q3), 10-12
42. Introduction: Special Issue on the Banking and Finance Workshop
    Journal of Financial Services Research, 2001, 19, (2), 93-97
43. Lender Liability and Large Investors
    Journal of Financial Intermediation, 2001, 10, (2), 108-137 View citations (6)

2000

44. Recovering Risky Technologies Using the Almost Ideal Demand System: An Application to U.S. Banking
    Journal of Financial Services Research, 2000, 18, (1), 5-27 View citations (52)
    See also Working Paper Recovering Risky Technologies Using The Almost Ideal Demand System: An Application To U.S. Banking, Departmental Working Papers (2000) View citations (57) (2000)
45. The changing nature of the payments system: should new players mean new rules?
    Business Review, 2000, (Mar), 3-26 View citations (2)

1999

46. Banking industry's consolidation: what's a small business to do?
    Business Review, 1999, (Jan), 3-16 View citations (3)
47. Deposits and Relationship Lending
    The Review of Financial Studies, 1999, 12, (3), 579-607 View citations (273)
    See also Working Paper Deposits and relationship lending, Working Papers (1998) View citations (5) (1998)
48. The dollars and sense of bank consolidation
    Journal of Banking & Finance, 1999, 23, (2-4), 291-324 View citations (159)
    See also Working Paper The Dollars and Sense of Bank Consolidation, Center for Financial Institutions Working Papers (1998) View citations (7) (1998)

1998

49. Bank Capitalization And Cost: Evidence Of Scale Economies In Risk Management And Signaling
    The Review of Economics and Statistics, 1998, 80, (2), 314-325 View citations (249)
    See also Working Paper Bank capitalization and cost: evidence of scale economies in risk management and signaling, Working Papers (1997) View citations (1) (1997)
50. Intermediation and Vertical Integration
    Journal of Money, Credit and Banking, 1998, 30, (3), 500-519 View citations (1)
    Also in Proceedings, 1998, (Aug), 500-523 (1998) View citations (1)
    See also Working Paper Intermediation and vertical integration, Working Papers (1997) (1997)
51. On the profitability and cost of relationship lending
    Journal of Banking & Finance, 1998, 22, (6-8), 873-897 View citations (99)
    See also Working Paper On the Profitability and Cost of Relationship Lending, Center for Financial Institutions Working Papers (1997) View citations (14) (1997)

1997

52. Inside the black box: What explains differences in the efficiencies of financial institutions?
    Journal of Banking & Finance, 1997, 21, (7), 895-947 View citations (1136)
    See also Working Paper Inside the Black Box: What Explains Differences in the Efficiencies of Financial Institutions?, Center for Financial Institutions Working Papers (1997) View citations (1152) (1997)
53. Measuring efficiency at U.S. banks: Accounting for heterogeneity is important
    European Journal of Operational Research, 1997, 98, (2), 230-242 View citations (95)
    See also Working Paper Measuring efficiency at U.S. banks: accounting for heterogeneity is important, Working Papers (1996) View citations (6) (1996)
54. What's the point of credit scoring?
    Business Review, 1997, (Sep), 3-16 View citations (65)

1996

55. A study of bank efficiency taking into account risk-preferences
    Journal of Banking & Finance, 1996, 20, (6), 1025-1045 View citations (315)
56. Efficient banking under interstate branching
    Proceedings, 1996, 1045-1075 View citations (190)
    See also Working Paper Efficient banking under interstate branching, Working Papers (1996) View citations (191) (1996)
57. Repealing Glass-Steagall: the past points the way to the future
    Business Review, 1996, (Jul), 3-18 View citations (1)

1995

58. Consumer Behavior and the Stickiness of Credit-Card Interest Rates
    American Economic Review, 1995, 85, (5), 1327-36 View citations (138)
    See also Working Paper Consumer behavior and the stickiness of credit card interest rates, Working Papers (1995) View citations (133) (1995)
59. There's more than one way to sell a security: the Treasury's auction experiment
    Business Review, 1995, (Jul), 3-17 View citations (4)
60. When does the prime rate change?
    Journal of Banking & Finance, 1995, 19, (5), 743-764 View citations (58)
    See also Working Paper When does the prime rate change?, Working Papers (1990) (1990)

1994

61. A Positive Analysis of Bank Closure
    Journal of Financial Intermediation, 1994, 3, (3), 272-299 View citations (130)
    See also Working Paper A positive analysis of bank closure, Working Papers (1993) View citations (12) (1993)
62. Borrower and Neighborhood Racial and Income Characteristics and Financial Institution Mortgage Application Screening: Comments
    The Journal of Real Estate Finance and Economics, 1994, 9, (3), 241-43 View citations (1)
63. Further Evidence Concerning Expense Preference and the Fed
    Journal of Money, Credit and Banking, 1994, 26, (1), 125-45 View citations (1)
    See also Working Paper Further evidence concerning expense preference and the Fed, Working Papers (1992) (1992)
64. How efficient are Third District banks?
    Business Review, 1994, (Jan), 3-18 View citations (19)
65. Why Are Credit Card Rates Sticky?
    Economic Theory, 1994, 4, (4), 505-30 View citations (25)
    See also Working Paper Why are credit card rates sticky?, Working Papers (1993) View citations (2) (1993)

1993

66. Discussants' comments on Berg. and McAllister and McManus
    Journal of Banking & Finance, 1993, 17, (2-3), 407-410 View citations (2)
67. Efficiency in the savings and loan industry
    Journal of Banking & Finance, 1993, 17, (2-3), 267-286 View citations (174)
    See also Working Paper Efficiency in the savings and loan industry, Working Papers (1992) View citations (2) (1992)

1992

68. Banking and commerce: a dangerous liaison?
    Business Review, 1992, (May), 17-29 View citations (4)
69. Debt covenants and renegotiation
    Journal of Financial Intermediation, 1992, 2, (2), 95-133 View citations (151)
    See also Working Paper Debt covenants and renegotiation, Working Papers (1992) View citations (148) (1992)
70. Perpetual Signalling with Imperfectly Correlated Costs
    RAND Journal of Economics, 1992, 23, (4), 548-563 View citations (14)
71. Traditional and nontraditional banking: An information-theoretic approach
    Journal of Banking & Finance, 1992, 16, (3), 545-566 View citations (93)
    See also Working Paper Traditional and nontraditional banking: an information-theoretic approach, Working Papers (1990) View citations (3) (1990)

1991

72. Agency costs among savings and loans
    Journal of Financial Intermediation, 1991, 1, (3), 257-278 View citations (64)

1990

73. Curing our ailing deposit-insurance system
    Business Review, 1990, (Sep), 13-24 View citations (4)

1989

74. Owners versus managers: who controls the bank?
    Business Review, 1989, (May), 13-23 View citations (8)
75. Testing for Expense Preference Behavior: Mutual versus Stock Savings and Loans
    RAND Journal of Economics, 1989, 20, (4), 483-498 View citations (70)
    See also Working Paper Testing for expense preference behavior: mutual versus stock savings and loans, Working Papers (1989) View citations (69) (1989)
76. Viability in multiproduct industries
    Economics Letters, 1989, 31, (3), 273-276
    See also Working Paper Viability in multiproduct industries, Working Papers (1989) (1989)

1988

77. Going, going, gone: setting prices with auctions
    Business Review, 1988, (Mar), 3-13 View citations (2)

1987

78. A Multiproduct Cost Study of Savings and Loans
    Journal of Finance, 1987, 42, (2), 423-45 View citations (75)
79. Efficient production of financial services: scale and scope economies
    Business Review, 1987, (Jan), 15-25 View citations (27)
80. Multiple Market Contact between Savings and Loans: A Note
    Journal of Money, Credit and Banking, 1987, 19, (4), 538-49 View citations (38)

Chapters

2017

1. Measuring agency costs and the value of investment opportunities of US bank holding companies with stochastic frontier estimation
   Chapter 11 in Handbook of Competition in Banking and Finance, 2017, pp 205-229
   See also Working Paper Measuring Agency Costs and the Value of Investment Opportunities of U.S. Bank Holding Companies with Stochastic Frontier Estimation, Rutgers University, Department of Economics (2016) View citations (1) (2016)

2016

2. The Future of Large, Internationally Active Banks: Does Scale Define the Winners?
   Chapter 6 in The Future of Large, Internationally Active Banks, 2016, pp 77-96
   See also Working Paper The Future of Large, Internationally Active Banks: Does Scale Define the Winners?, Rutgers University, Department of Economics (2015) (2015)

2011

3. Institutional Structure and Effectiveness of Central Banks during the Financial Crisis: An Empirical Analysis
   Chapter 7 in Handbook of Central Banking, Financial Regulation and Supervision, 2011

2010

4. Comment on "A New Metric for Banking Integration in Europe"
   A chapter in Europe and the Euro, 2010, pp 246-253

Editor

1. International Journal of Central Banking
   International Journal of Central Banking