REGIONAL VARIATIONS IN TECHNOLOGICAL CHANGE AND IN POTENTIAL GAINS FROM CONSOLIDATION AMONG U.S. COMMERCIAL BANKS

ABSTRACT. This paper investigates the regional variations in the impact of technological change and in gains from consolidation among U.S. commercial banks. We estimate a multiproduct translog cost function with the appropriate regional dummy variables. Technological change, ray scale economies and scale biases in technological change are estimated for each region. Furthermore, pairwise expansion path economies between all the regions are calculated to evaluate the potential gains from interregional consolidation. In general Southwest banks had the worst and Southeast the best technological change. There is substantial disparity across regions. It also appears that technological change increased the efficient size in the Midwest and Southwest regions and reduced it in the West, Northeast and Southeast. Banks in all regions show ray economies of scale, affirming the need for larger banks if output mix remains constant. Finally, the results support takeover of regional banks by the Money Center banks but not vice-versa, and favor consolidation among regional banks. The biggest potential gains accrue from mergers of Southeast banks with either Midwest or Southwest banks and the least gains are derived from mergers between Midwest and Southwest banks.     

Seismic Performance Assessment of Non-Compliant SMRF-Reinforced Concrete Frame: Shake-Table Test Study

Seismic performance assessment is carried out for reinforced concrete structure built in low-strength concrete lacking confining ties in beam-column joint. Shake-table tests were performed on 1/3rd scaled two-story frame using design-spectrum-compatible accelerogram, scaled to various target levels. The frame is observed with beam longitudinal bar slip and pullout. Joints with no confining ties experienced extensive damage, observed with cover/core concrete spalling. The frame could resist 70% of the design ground motion to remain within the code-specified drift limit. The code requirement for minimum column depth will not avoid joint damageability in case of low-strength concrete and joints lacking confining ties.     

Malay women as discerning viewers: Asian soap operas,consumer culture and negotiating modernity

This article examines how Malay women in remote Malaysian villages engage with images of transnational modernity shown in popular soap operas imported from other Asian countries. While the government promoted these Asian soap operas at first as appropriate vehicles for the cultural project of modernising the mindsets and attitudes of the masses, authorities have now expressed some discomfort and ambivalence about the excessive representation of consumer culture in these soaps, which they fear will compromise the cultural values of Malay women. However, I argue that Malay women are discerning viewers who are able to critically negotiate the images of consumer culture in these soaps without necessarily ignoring their cultural values or social responsibilities. This debate about whether these soaps broaden the mindsets of Malay women viewers or teach them degenerate values of consumerist culture is part of an ongoing contestation over the cultural ramifications of modernity in Malaysia. This television genre of Asian soaps can be conceptualised as a site for negotiating modernity, where Malay women derive pleasure from the consumerist modernity depicted in the Asian soap operas while remaining mindful of the strictures posed by local culture.