Fiorentino, Elisabetta; Vincenzo, Alessio De; Heid, Frank; … - Deutsche Bundesbank - 2009
directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state … activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change … and scale economies. We find that privatized banks experienced a significant increase in productivity, especially if they …
