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Mester, Loretta J.

Overview
Works: 53 works in 117 publications in 1 language and 257 library holdings
Roles: Author, Honoree
Classifications: HG136, 332.1068
Publication Timeline
Key
Publications about Loretta J Mester
Publications by Loretta J Mester
Most widely held works by Loretta J Mester
What explains the dramatic changes in cost and profit performance of the U.S. banking industry by Allen N Berger( Book )
13 editions published between 1998 and 1999 in English and held by 29 libraries worldwide
Inside the black box : what explains differences in the efficiencies of financial institutions? by Allen N Berger( Book )
9 editions published in 1997 in English and held by 23 libraries worldwide
Consumer behavior and the stickiness of credit card interest rates by Paul S Calem( Book )
6 editions published between 1994 and 1995 in English and held by 18 libraries worldwide
Efficiency of banks in the third federal reserve district by Loretta Jean Mester( Book )
5 editions published between 1993 and 1994 in English and held by 17 libraries worldwide
A positive analysis of bank closure by George Joseph Mailath( Book )
3 editions published in 1993 in English and held by 16 libraries worldwide
Search, switching costs, and the stickiness of credit card interest rates by Paul S Calem( Book )
3 editions published between 1992 and 1993 in English and held by 14 libraries worldwide
Bank capitalization and cost : evidence of scale economies in risk management and signaling by Joseph P Hughes( Book )
4 editions published between 1995 and 1996 in English and held by 14 libraries worldwide
Measuring efficiency at U.S. banks : accounting for heterogeneity is important by Loretta Jean Mester( Book )
3 editions published in 1996 in English and held by 14 libraries worldwide
Traditional and nontraditional banking : an information-theoretic approach by Loretta Jean Mester( Book )
3 editions published between 1990 and 1991 in English and held by 11 libraries worldwide
Why is the banking sector shrinking? by Mitchell Berlin( Book )
3 editions published in 1996 in English and held by 11 libraries worldwide
Recovering technologies that account for generalized managerial preferences : an application to non-risk-neutral banks by Joseph P Hughes( Book )
2 editions published in 1997 in English and held by 6 libraries worldwide
Evidence on the objectives of bank managers by Joseph P Hughes( Book )
4 editions published in 1994 in English and held by 5 libraries worldwide
Core measures of inflation as predictors of total inflation by Theodore M Crone( Computer File )
5 editions published between 2008 and 2011 in English and held by 5 libraries worldwide
Two rationales offered for policymakers' focus on core measures of inflation as a guide to underlying inflation are that core inflation omits food and energy prices, which are thought to be more volatile than other components, and that core inflation is thought to be a better predictor of total inflation over time horizons of import to policymakers. The authors' investigation finds little support for either rationale. They find that food and energy prices are not the most volatile components of inflation and that depending on which inflation measure is used, core inflation is not necessarily the best predictor of total inflation. However, they do find that combining CPI and PCE inflation measures can lead to statistically significant more accurate forecasts of each inflation measure, suggesting that each measure includes independent information that can be exploited to yield better forecasts
Central bank institutional structure and effective central banking: cross-country empirical evidence ( file )
2 editions published in 2008 in English and held by 4 libraries worldwide
Optimal industrial structure in banking by Loretta J Mester( Computer File )
3 editions published between 2005 and 2008 in English and held by 3 libraries worldwide
This paper discusses the research agenda on optimal bank productive efficiency and industrial structure. One goal of this agenda is to answer some fundamental questions in financial industry restructuring, such as what motivates bank managers to engage in mergers and acquisitions, and to evaluate the costs and benefits of consolidation, which is essentially an empirical question. The paper reviews the recent literature, including techniques for modeling bank production and the empirical results on scale economies, scope economies, and efficiency in banking
A multiproduct cost study of savings and loans ( Article )
1 edition published in 1987 in English and held by 3 libraries worldwide
This paper investigates the cost structure of savings and loans. Most studies of financial institutions have failed to take into account the multiproduct nature of these institutions. Using the multiproduct approach, the existence of subadditivity, multiproduct global and product-specific economies of scale and scope, and substitutability between inputs is investigated. A translogarithmic cost function is estimated using 1982 data on California savings and loans.--SCAD summary
Large capital infusions, investor reactions, and the return and risk performance of financial institutions over the business cycle and recent finanical crisis by Elyas Elyasiani( Book )
4 editions published between 2011 and 2013 in English and held by 3 libraries worldwide
We examine investors' reactions to announcements of large capital infusions by U.S. financial institutions (FIs) from 2000 to 2009. These infusions include private market infusions (seasoned equity offerings (SEOs)) as well as injections of government capital under the Troubled Asset Relief Program (TARP). The sample period covers both business cycle expansions and contractions, and the recent financial crisis. We present evidence on the factors affecting FIs' decisions to raise capital, the determinants of investor reactions, and post-infusion risk-taking of the recipients, as well as a sample of matching FIs. Investors reacted negatively to the news of private market SEOs by FIs, both in the immediate term (e.g., the two days surrounding the announcement) and over the subsequent year, but positively to TARP injections. Reactions differed depending on the characteristics of the FIs, and the stage of the business cycle. More financially constrained institutions were more likely to have raised capital through private market offerings during the period prior to TARP, and firms receiving a TARP injection tended to be riskier and more levered. In the case of TARP recipients, they appeared to finance an increase in lending (as a share of assets) with more stable financing sources such as core deposits, which lowered their liquidity risk. However, we find no evidence that banks' capital adequacy increased after the capital injections.increased after the capital injections
Special issue: Financing community reinvestment and development ( Book )
1 edition published in 2008 in English and held by 3 libraries worldwide
Central bank institutional structure and effective central banking : cross-country empirical evidence by Iftekhar Hasan( Book )
3 editions published in 2008 in English and held by 2 libraries worldwide
Over the last decade, the legal and institutional frameworks governing central banks and financial market regulatory authorities throughout the world have undergone significant changes. This has created new interest in better understanding the roles played by organizational structures, accountability, and transparency, in increasing the efficiency and effectiveness of central banks in achieving their objectives and ultimately yielding better economic outcomes. Although much has been written pointing out the potential role institutional form can play in central bank performance, little empirical work has been done to investigate the hypothesis that institution form is related to performance. This paper attempts to help fill this void
A primer on market discipline and governance of financial institutions for those in a state of shocked disbelief by Joseph P Hughes( Computer File )
3 editions published in 2012 in English and held by 2 libraries worldwide
Self regulation encouraged by market discipline constitutes a key component of Basel II's third pillar. But high-risk investment strategies may maximize the expected value of some banks. In these cases, does market discipline encourage risk-taking that undermines bank stability in economic downturns? This paper reviews the literature on corporate control in banking. It reviews the techniques for assessing bank performance, interaction between regulation and the federal safety net with market discipline on risk-taking incentives and stability, and sources of market discipline, including ownership structure, capital market discipline, product market competition, labor market competition, boards of directors, and compensation. -- banking
 
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Alternative Names
Mester, L. J.
Mester, Loretta
Languages
English (80)
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