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
i
1.
Introduction
3
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