L
Loretta J. Mester
Researcher at Federal Reserve System
Publications - 170
Citations - 13188
Loretta J. Mester is an academic researcher from Federal Reserve System. The author has contributed to research in topics: Economies of scale & Monetary policy. The author has an hindex of 52, co-authored 170 publications receiving 12688 citations. Previous affiliations of Loretta J. Mester include University of Pennsylvania & Rutgers University.
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Inside the Black Box: What Explains Differences in the Efficiencies of Financial Institutions?
TL;DR: This article examined several possible sources, including differences in efficiency concept, measurement method, and a number of bank, market, and regulatory characteristics, and provided new evidence using data on US banks over the period 1990-1995.
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A study of bank efficiency taking into account risk-preferences
TL;DR: In this paper, the authors used the stochastic cost frontier approach to investigate efficiency of banks operating in the Third Federal Reserve District, accounting for the quality and riskiness of bank output.
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Deposits and Relationship Lending
TL;DR: The authors empirically examined whether access to deposits with inelastic rates (core deposits) permits a bank to make contractual agreements with borrowers that are infeasible if the bank must pay market rates for funds.
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Explaining the dramatic changes in performance of US banks: technological change, deregulation, and dynamic changes in competition
TL;DR: This paper investigated the effects of technological change, deregulation, and dynamic changes in competition on the performance of US banks and found that during 1991-1997, cost productivity worsened while profit productivity improved.
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Bank Capitalization and Cost: Evidence of Scale Economies in Risk Management and Signaling
TL;DR: In this paper, the standard cost model is modified to account for the role of financial capital in banking and the cost function is conditioned on the level of capital, but the demand for financial capital is modeled as a cushion against insolvency for potentially risk-averse managers and as a signal of risk for less informed outsiders.