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Bank takeovers result on average in little improvements in performance. This may be due to conflicting driving forces behind them; however these have seldom been studied. We study directly the motivations for bank acquisitions by analyzing the prices paid for them, under the assumption that...
Persistent link: https://www.econbiz.de/10005113643
This paper analyzes the effect of information technologies (IT) in the financial sector using micro-data on a panel of over 600 Italian banks over the period 1989-2000. We estimate stochastic cost and profit functions allowing for individual banks� displacements from the efficient frontier...
Persistent link: https://www.econbiz.de/10005467298
Persistent link: https://www.econbiz.de/10005611765
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Macro-stress testing studies often rely on rather short sample periods due to the limited availability of banking data …. They may fail to appropriately account for the cyclicality in the interaction between the banking system and macroeconomic … to model the interaction between the banking sector and the macroeconomy. Our identified-VAR analysis indicates that the …
Persistent link: https://www.econbiz.de/10005818895
Persistent link: https://www.econbiz.de/10005605607
, the paper bridges the gulf between (1) the banking literature that studies moral hazard effects of bank regulation without …
Persistent link: https://www.econbiz.de/10005800319
California during the National Banking Era (1864-1914). This period has been intensively analyzed at the macroeconomic level, but …
Persistent link: https://www.econbiz.de/10005800327
between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature …
Persistent link: https://www.econbiz.de/10005800381
the banking system. In both cases their deviation from free market orthodoxy was based on a careful reading of financial … conclusion that banking requires government regulation. …
Persistent link: https://www.econbiz.de/10008557294