Problem
(U.S. Banking Structure )The Federal Reserve Bank of Philadelphia often runs informative articles that are accessible to introductory economics students. Read the Working Paper titled "Do Bankers Sacrifice Value to Build Empires? Managerial Incentives, Industry Consolidation, and Financial Performance" by Joseph P. Hughes, William W. Lang, Loretta J. Mester, Choon-Geol Moon, and Michael S. Pagano. Consider the numerous bank mergers of the early 2000s. Are bank mergers a good thing? What are the authors' conclusions about this?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.