The aim of the paper is to account for the choice of a definition of the banking output suitable for the efficiency analysis of the italian banking system. A short survey of the literature allows to underline that the variety of definitions is linked to the empirical background and or to the...

The problem of taking into account the quality attributes of different goods has a long tradition in economics A strand of literature deals with the environmental impacts in the measurement of efficiency and productivity growth. Färe et al. (1989) indeed started what has become now a relatively...

The problem of taking into account the quality attributes of different goods has a long tradition in economics A strand of literature deals with the environmental impacts in the measurement of efficiency and productivity growth. Färe et al. (1989) indeed started what has become now a relatively...

The aim of the paper is to account for the choice of a definition of the banking output suitable for the efficiency analysis of the italian banking system. A short survey of the literature allows to underline that the variety of definitions is linked to the empirical background and or to the...

Monetary unions generally boost financial markets. But European private capital markets have progressed at an unsatisfactory pace even with the euro. What accounts for this? We focus on an increasingly key financial infrastructure: Rating Agencies (RAs). Taking an international perspective, we...