Economists debated the latest in banking research at a conference early this month sponsored by the Federal Reserve Bank of Cleveland and the Journal of Money, Credit, and Banking. For copies of the following papers, call 216-579-3079.

Universal banks are better than commercial banks at working out problem loans during economic downturns, University of Washington professors Alan C. Hess and Kathryn L. Dewenter write in "An International Comparison of Banks' Equity Returns."

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