Joseph P. Hughes

Professor of Economics

Microeconomics, Financial Intermediation, Governance and Market Discipline

New Jersey Hall 420 |

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Joseph P. Hughes is Professor of Economics.  His research has been published in such journals as the American Economic Review, the Journal of Banking and Finance, the Journal of Economic Theory, the Journal of Financial Services Research, the Journal of Money, Credit, and Banking, and the Review of Economics and Statistics.  He has been a Visiting Scholar at the Office of the Comptroller of the Currency, the Federal Reserve Bank of Philadelphia, and the Federal Reserve Bank of New York.  He received his Ph. D. from the University of North Carolina at Chapel Hill.

 Selected Publications

• "Who Said Large Banks Don't Experience Scale Economies" Evidence from a Risk-Return-Driven Cost Function," with Loretta J. Mester, Wharton Financial Institutions Center, Working Paper 11-47, July 2011, and Rutgers Economics Working Paper 2011-27 (Revised May 2013).

• “A Primer on Market Discipline and Governance of Financial Institutions for Those in a State of Shocked Disbelief,” with Loretta J. Mester, for Efficiency and Productivity Growth in the Financial Services Industry, edited by Fotios Pasiouras, pp. 19-47, John Wiley and Sons, 2013.

• "Efficiency in Banking: Theory, Practice, and Evidence," with Loretta J. Mester, Chapter 19 inThe Oxford Handbook of Banking, edited by Allen N. Berger, Philip Molyneux, and John Wilson,Oxford University Press, December 2009.

• "Do Bankers Sacrifice Value to Build Empires? Managerial Incentives, Industry Consolidation,
  and Financial Performance," with William Lang Loretta Mester, Choon-Geol Moon, and Michael Pagano, Journal of Banking and Finance, 2003.

• "Recovering Risky Technologies Using the Almost Ideal Demand System: An Application to U.S. Banking,"
   with William Lang, Loretta Mester, and Choon-Geol Moon, Journal of Financial Services Research, 2000.

•  "Bank Capitalization and Cost: Evidence of Scale Economies in Risk Management and Signaling,"
   with Loretta J. Mester, Review of Economics and Statistics,1998.
  
  
•  Syllabus: Research Seminar on Market Discipline