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The costs of traditional and nontraditional banking

Mester, Loretta J. - Federal Reserve Bank of Chicago - 1990

Persistent link: https://www.econbiz.de/10010724108

Debt covenants and renegotiation

Berlin, Mitchell; Mester, Loretta J. - Federal Reserve Bank of Philadelphia - 1990

Persistent link: https://www.econbiz.de/10005717315

Financial intermediation as vertical integration

Berlin, Mitchell; Mester, Loretta J. - Federal Reserve Bank of Philadelphia - 1993

Persistent link: https://www.econbiz.de/10005717413

Intermediation and vertical integration

Berlin, Mitchell; Mester, Loretta J. - In: Proceedings (1998) Aug, pp. 500-523

Persistent link: https://www.econbiz.de/10005526161

Deposits and relationship lending

Berlin, Mitchell; Mester, Loretta J. - Federal Reserve Bank of Philadelphia - 1997

against exogenous credit shocks. Using a large sample of loans from the Survey of the Terms of Bank Lending, the authors find … more smoothing of loan rates in response to exogenous changes in aggregate credit risk. This suggests that a distinctive … period by period. It also partially explains the declining share of bank loans (or near substitutes for bank loans) in credit …

Persistent link: https://www.econbiz.de/10005389657

Deposits and relationship lending

Berlin, Mitchell; Mester, Loretta J. - Federal Reserve Bank of Philadelphia - 1998

against exogenous credit shocks. The authors find that, controlling for competitive conditions in loan markets, banks funded … more heavily with core deposits provide more smoothing of loan rates in response to exogenous changes in aggregate credit … near substitutes for bank loans) in credit markets. As banks have increasingly been forced to pay market rates for an …

Persistent link: https://www.econbiz.de/10005389714

Transactions accounts and loan monitoring

Mester, Loretta J.; Nakamura, Leonard I. - Federal Reserve Bank of Philadelphia - 2005

The authors provide evidence that transactions accounts help financial intermediaries monitor borrowers by offering lenders a continuous stream of data on borrowers’ account balances. This information is most readily available to commercial banks, but other intermediaries, such as finance...

Persistent link: https://www.econbiz.de/10005389718

Optimal financial contracts for large investors: the role of lender liability

Berlin, Mitchell; Mester, Loretta J. - Federal Reserve Bank of Philadelphia - 2000

This paper explores the optimal financial contract for a large investor with potential control over a firm's investment decisions. The authors show that an optimally designed menu of claims for a large investor will include features resembling a U.S. version of lender liability doctrine,...

Persistent link: https://www.econbiz.de/10005389742

Inside the black box: what explains differences in the efficiencies of financial institutions?

Berger, Allen N.; Mester, Loretta J. - Federal Reserve Board (Board of Governors of the … - 1997

Over the past several years, substantial research effort has gone into measuring the efficiency of financial institutions. Many studies have found that inefficiencies are quite large, on the order of 20 percent or more of total banking industry costs and about half of the industry's potential...

Persistent link: https://www.econbiz.de/10005393842

Checking accounts and bank monitoring.

Mester, Loretta J.; Nakamura, Leonard I.; Renault, Micheline - Federal Reserve Bank of Philadelphia - 2001

credit ratings of borrowers and adjust the intensity of its monitoring activity. …

Persistent link: https://www.econbiz.de/10005512333