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The European Central Bank (ECB) carried out a study of the social and private costs of different payment instruments with the participation of 13 national central banks in the European System of Central Banks (ESCB). It shows that the costs to society of providing retail payment services are...
Persistent link: https://www.econbiz.de/10010688317
The European Central Bank (ECB) carried out a study of the social and private costs of different payment instruments with the participation of 13 national central banks in the European System of Central Banks (ESCB). It shows that the costs to society of providing retail payment services are...
Persistent link: https://www.econbiz.de/10010693506
In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in … emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and … rankings by applying a range of measurement techniques. The study finds that expenditure efficiency across new EU member states …
Persistent link: https://www.econbiz.de/10005530687
economies. We also assess the efficiency of public spending in redistributing income by using a DEA (Data Envelopment Analysis …
Persistent link: https://www.econbiz.de/10005530992
We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … relationship. We model the inter-temporal relationships among efficiency, capital and risk for a large sample of commercial banks … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements …
Persistent link: https://www.econbiz.de/10008568193
In a cross section of OECD countries we replace the macroeconomic production function by a production possibility … frontier, TFP being the composite effect of efficiency scores and possibility frontier changes. We consider, for the periods …
Persistent link: https://www.econbiz.de/10008541284
tests to establish the link between competition and measures of profit efficiency in banking, and find that competition … based approach to large data sets for European and U.S. banks, we offer new empirical evidence that efficiency plays a key … indeed increases bank efficiency. Second, building on these results, we examine the relation between the Boone indicator …
Persistent link: https://www.econbiz.de/10005344858
investment, innovation). The paper addresses the approaches used to assess the performance and efficiency of public spending, and …
Persistent link: https://www.econbiz.de/10005162890
We compute public sector performance (PSP) and efficiency (PSE) indicators, comprising a composite and seven sub …, distribution, and stabilisation. The input and output efficiency of public sectors across countries is then measured via a non …-parametric production frontier technique. JEL Classification: C14, H50 …
Persistent link: https://www.econbiz.de/10005816157
We study bidder bahavior and performance in 53 main refinancing operations (repo auctions) of the European Central Bank (ECB). The data set starts with the first auctions after the ECB changed from fixed rate tenders to variable rate tenders. We find that private information and the winnner's...
Persistent link: https://www.econbiz.de/10005816220