Hughes, Joseph P.; Mester, Loretta J.; Moon, Choon-geol - 2000 - This draft: May 2000
, the paper bridges the gulf between (1) the banking literature that studies moral hazard effects of bank regulation without … the microeconomics of bank production without explicitly considering how banks' production decisions influence their … bank managers cost minimization versus value maximization are estimated using U.S. data on highest-level bank holding …