BANK MANAGEMENT
AND PORTFOLIO BEHAVIOR

by
DONALD D. HESTER and JAMES L. PIERCE
Yale University Press, New Haven and London
1975
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TABLE OF CONTENTS

Chapter  Page 
Preliminary Pages
1.  Introduction
2.  Underpinnings for a Theory of Bank Behavior 11 
3.  Models of Bank Portfolio Behavior 38 
4.  Estimation of the Models: Problems and Techniques 73 
5.  Data Resources, Sample Selection, and the Profile of a Typical Observation 101 
6.  Estimates for the Input-Output Model from a Sample of Commercial Banks 117 
7.  Estimates for the Input-Output Model from a Sample of Mutual Savings Banks 146 
8.  On Forecasting Bank Deposits 184 
9.  The Adaptive-Expectations Formulation 202 
10.  Bank Earnings, Costs, and Rates of Return 213 
11.  Some Prescriptive Conclusions for Improving Commerical Bank Earnings 231 
12.  Bank Bahvior and Macroeconomic Credit Flows 250 
Postscript 285 
Selected Bibliography 289 
Index 297