search query: @author Pulley, L. B. / total: 6
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| Author: | Humphrey, D. B. Pulley, L. B. |
| Title: | Banks' responses to deregulation: Profits, technology, and efficiency |
| Journal: | Journal of Money, Credit and Banking
1997 : FEB, VOL. 29:1, p. 73-93 |
| Index terms: | BANKS DEREGULATION COSTS PROFIT |
| Language: | eng |
| Abstract: | There were three main forms in the early 1980s for bank-initiated adjustments to the deregulation: revenue augmentation, cost offset and reduction and cost shifting. The responses limited the reduction in profits but the rare of return was lower than it had existed previously. The cost offset, cost reduction and cost shifting responses to deregulation were successful, but attempts to augment loan revenues were more than completely reversed by large loan losses. This paper outlines briefly the responses to deregulation, and it uses a profit function to separate statistically the internal bank-initiated adjustments to deregulation from the external, contemporaneous changes in banks' business environment. |
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