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The Elusive Scale Economies of the Largest Banks and their Implications for Global Competitiveness. (2011). Hughes, Joseph.
In: Departmental Working Papers.
RePEc:rut:rutres:201134.

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  3. Brewer, E. and Jagtiani, J., 2009, “How much did banks pay to become too-big-to-fail and to become systemically important?” Federal Reserve Bank of Philadelphia Working Paper No. 0934.

  4. DeYoung, R. E., Hughes, J. P., and Moon, C.-G., 2001, “Efficient risk-taking and regulatory covenant enforcement in a deregulated banking industry,” Journal of Economics and Business, Vol. 53, pp. 255–82.

  5. Feng, G. and Serletis, A., 2010, “Efficiency, technical change, and returns to scale in large US banks: Panel data evidence from an output distance function satisfying theoretical regularity,” Journal of Banking and Finance, Vol. 34, pp. 127-138.

  6. Financial Oversight Council, 2011, Study of the Effects of Size and Complexity of Financial Institutions on Capital Market Efficiency and Economic Growth.
    Paper not yet in RePEc: Add citation now
  7. Greenspan, Alan, 2010, “The crisis,” Brookings Papers on Economic Activity, Spring, pp. 201246.

  8. Grossman, R.S., 1992, “Deposit insurance, regulations, and moral hazard in the thrift industry: evidence from the 1930’s,” American Economic Review, Vol. 82, pp. 800-821.

  9. Hughes, J. P., 1999, “Incorporating risk into the analysis of production,” Presidential Address, Atlantic Economic Society, Atlantic Economic Journal, Vol. 27, pp. 1-23.

  10. Hughes, J.P. and Mester, L.J., 1998, “Bank capitalization and cost: evidence of scale economies in risk management and signaling,” Review of Economics and Statistics, Vol. 80, pp. 314-325.

  11. Hughes, J.P. and Mester, L.J., 2010, “Efficiency in banking: theory, practice, and evidence,” Chapter 19 in The Oxford Handbook of Banking, edited by A.N. Berger, P. Molyneux, and J. Wilson, Oxford University Press.

  12. Hughes, J.P. and Mester, L.J., 2011, “Who said large banks don’t experience scale economies? Evidence from a risk-return-driven cost function,” Wharton Financial Institutions Working Paper 11-47.

  13. Hughes, J.P., Lang, W., Mester, L.J. and Moon C.-G., 1996, “Efficient banking under interstate branching,” Journal of Money, Credit, and Banking, Vol. 28, pp. 1045-1071.

  14. Hughes, J.P., Lang, W., Mester, L.J. and Moon C.-G., 2000, “Recovering risky technologies using the almost ideal demand system: an application to U.S. banking,” Journal of Financial Services Research, Vol. 18, pp. 5-27.

  15. Hughes, J.P., Lang, W., Moon C.-G. and Pagano, M., 1997, “Measuring the efficiency of capital allocation in commercial banking,” Working Paper 98-2, Federal Reserve Bank of Philadelphia (revised as Working Paper 2004-1, Rutgers University Economics Department).

  16. Hughes, J.P., Mester, L.J. and Moon C.-G., 2001, “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 and Finance, Vol. 25, pp. 2169-2208.

  17. Keeley, M. C., 1990, “Deposit insurance, risk, and market power in banking,” American Economic Review, Vol. 80, pp. 1183-1200.

  18. Marcus, A.J., 1984, “Deregulation and bank financial policy,” Journal of Banking and Finance, Vol. 8, pp. 557-565.
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  19. Tarullo, D., 2011, “Industrial organization and systemic risk: an agenda for further research,” Conference on the Regulation of Systemic Risk, Federal Reserve Board, Washington, DC.
    Paper not yet in RePEc: Add citation now
  20. Tufano, P., 1996, “Who manages risk? An empirical examination of risk management practices in the gold mining industry,” Journal of Finance, Vol. 50, pp. 1097-1137.

  21. Wheelock, D. C. and P. W. Wilson., 2009 (revised 2010), “Do large banks have lower costs? New estimates of returns to scale for U. S. banks,” Federal Reserve Bank of St. Louis, Working Paper 2009-054C.
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