Fletcher v. Security Pacific National Bank: Unfair Bank Practices and Consumer Class Actions

Formal Enforcement Actions and Bank Behavior

Employing a unique data set for the period 2000-2010, this paper examines the impact of formal enforcement actions targeting the core of the banks’ financial safety and soundness in terms of bank capital, risk, and performance. We find that, on average, these actions reduce both the risk-weighted assets and the non-performing loans ratios of punished banks, but there is no increase in the level...

The National Medical Knowledge Bank

This paper describes an advanced development program to create a medical information system called the National Medical Knowledge Bank (NMKB). This five year program is sponsored in part by a grant from the National Institute of Standards and Technology Advanced Technology Program. The goals of the program, covering computer-assisted diagnosis, medical training, remote consultation, and medical...

Of the Czech National Bank

With EU accession looming, a new chapter has been opened in the debate about the candidate countries’ exchange rate strategies. A heated discussion has arisen in relation to ERM2 membership. The experience of the present eurozone members with ERM/ERM2 membership shows that none of them faced a significant challenge in the two-year “evaluation” period in terms of the exchange rate stability conv...

Asian Development Bank Strategy for the Pacific

Assessing bank competition for consumer loans

We assess the competitiveness of the $400 billion dollar U.S. bank consumer loan market by comparing results from different competition measures–HHI, Lerner Index, H-Statistic along with three others, two of which are related to frontier analysis. These measures are typically weakly related to one another and only half of them identify banks with the highest loan price and spread as also being ...