Earlier studies found little evidence of scale economies at large banks; later studies using data from the 1990s uncovered such evidence, providing a rationale for very large banks seen worldwide. Using more recent data, the authors estimate scale economies using two production models. The...

While the goals that guide monetary policy in different countries are very similar, central banks diverge in their methods of implementing policy. This study of the policy frameworks of four central banks—the Federal Reserve, the European Central Bank, the Bank of England, and the Swiss...

Testimony before the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, Committee on Oversight and Government Reform, U.S. House of Representatives.

We consider it critical that the voice of “main street” lending institutions be considered in the formulation of good supervisory policy.

The largest national banks apparently have turned the corner on asset quality issues, but this improving trend has not yet emerging across the Eighth District.

The demise of the community bank business model has been prognosticated by many, especially with the recent financial crisis. But what do the numbers suggest for the future?

After a large increase in the first quarter of 2011, earnings growth at District banks came to a standstill in the second quarter.