Similar Search Results

Modeling the Components of Market Discipline

Kalfaoglou, Faidon; Sarris, Alexandros - Bank of Greece - 2006

This paper evaluates the role of inflation-forecast heterogeneity in US monetary policy making. The deviation between private and central bank inflation forecasts is identified as a factor increasing inflation persistence and thus calling for a policy reaction. An optimal policy rule is derived...

Persistent link: https://www.econbiz.de/10005523512

Institutions Matter: Financial Supervision Architecture, Central Bank and Path Dependence. General Trends and the South Eastern European Countries

Masciandaro, Donato; Quintyn, Marc - Bank of Greece - 2008

the existing institutional setting in a systematic way: the more the central bank is actually involved in supervision, the … central bank in supervision is correlated with a multi–authority regime, while in one case a high degree of financial … supervision unification is related with low central bank involvement. …

Persistent link: https://www.econbiz.de/10005523536

Procyclicality in the banking industry: causes, consequences and response

Athanasoglou, Panayiotis P.; Daniilidis, Ioannis - Bank of Greece - 2011

Procyclicality is an inherent feature of the real and especially the financial sector of an economy, which has been highlighted by the recent crisis. Due to procyclicality, banks are transformed from mitigation mechanisms to amplifiers of changes in economic activity potentially affecting...

Persistent link: https://www.econbiz.de/10009391600

Banking Transformation (1989 - 2006) in Central and Eastern Europe - With Special Reference to Balkans

Barisitz, Stephan - Bank of Greece - 2008

This paper provides an overview of the history of banking transition (1989-2006) in 13 CEE countries – with particular emphasis on four relatively large Balkan countries (Bulgaria, Croatia, Romania, Serbia and Montenegro). Two “banking reform waves” are distinguished, salient features of...

Persistent link: https://www.econbiz.de/10005523500

Cost Efficiency in Greek Banking

Kamberoglou, Nicos C.; Liapis, Elias; Simigiannis, George T. - Bank of Greece - 2004

TThis study uses the distribution free approach to investigate cost efficiency in a panel of Greek banks over 1993-1999, a period characterized by major changes in the banking sector brought about by gradual financial deregulation. These reforms were supposed to provide an opportunity to Greek...

Persistent link: https://www.econbiz.de/10005523510

The Regulation and Supervision of the Belgian Financial System (1830 - 2005)

Buyst, Erik; Maes, Ivo - Bank of Greece - 2008

This paper provides an overview of the regulation and supervision of the Belgian financial system from the creation of …

Persistent link: https://www.econbiz.de/10005162299

Determinants of Bank Profitability in the South Eastern European Region

Athanasoglou, Panayiotis P.; Delis, Matthaios D.; … - Bank of Greece - 2006

The aim of this study is to examine the profitability behaviour of bank-specific, industryrelated and macroeconomic determinants, using an unbalanced panel dataset of South Eastern European (SEE) credit institutions over the period 1998-2002. The estimation results indicate that, with the...

Persistent link: https://www.econbiz.de/10005321926

Regional Integration Challenges in South East Europe: Banking Sector Trends

Stubos, George; Tsikripis, Ioannis - Bank of Greece - 2005

This study reviews and evaluates a particular aspect of the institution building process in the transition countries of Southeast Europe. The focus is the development of the banking sector. It is argued that banking sector development plays an integral and pivotal role in the successful...

Persistent link: https://www.econbiz.de/10005321938

Bank capital and risk in the South Eastern European region

Athanasoglou, Panayiotis P. - Bank of Greece - 2011

This paper examines the simultaneous relationship between bank capital and risk. A model is set up which assumes that banks’ decisions regarding capital and risk are made endogenously in a dynamic pattern. A simultaneous equation system was estimated using an unbalanced panel of SEE banks from...

Persistent link: https://www.econbiz.de/10009364234

Banking Performance in South-Eastern Europe During the Interwar Period

Lazarevic, Zarko - Bank of Greece - 2008

In the framework of the broader political and economic development of the individual states on Balkan Peninsula the author has made the comparison between the performance of the banking sector in Yugoslavia, Romania, Greece and Bulgaria. The analysis was carried out on the sample of balance...

Persistent link: https://www.econbiz.de/10005129449