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Persistent and transient inefficiency: Explaining the low efficiency of Chinese big banks
Fungáčová, Zuzana; Klein, Paul-Olivier; Weill, Laurent - 2018
Considering the evidence that China's five largest state-owned banks (the Big Five) suffer from low cost efficiency …, this paper decomposes overall efficiency of Chinese banks into: persistent efficiency and transient efficiency components …. Low persistent efficiency reflects structural problems, while low transient efficiency is associated with short …
Persistent link: https://www.econbiz.de/10012148832
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The role of banks in monetary policy transmission: Empirical evidence from Russia
Juurikkala, Tuuli; Solanko, Laura; Karas, Alexei - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2009
This paper focuses on the role of the banking sector in monetary policy transmission in an emerging economy with a rapidly developing financial system. Specifically, we exam whether the central bank's monetary policy stance affects banks' lending behaviour. Based on a comprehensive quarterly...
Persistent link: https://www.econbiz.de/10004969115
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The effects of focus versus diversification on bank performance: Evidence from Chinese banks
Berger, Allen N.; Hasan, Iftekhar; Zhou, Mingming - 2010
This paper investigates the effects of focus versus diversification on bank performance using data on Chinese banks during the 1996-2006 period. We construct a new measure, economies of diversi-fication, and compare the results to those of the more conventional focus indices, which are based on...
Persistent link: https://www.econbiz.de/10012148603
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Is bank competition detrimental to efficiency? Evidence from China
Fungáčová, Zuzana; Pessarossi, Pierre; Weill, Laurent - 2012
This paper addresses the relationship between bank competition and efficiency by computing Lerner indices and cost … efficiency scores for a sample of Chinese banks over the period 2002-2011. Granger-causality tests are performed in a dynamic GMM … competition over the period, even as cost efficiency improves. In a departure from the empirical literature showing that …
Persistent link: https://www.econbiz.de/10012148686
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Do capital requirements affect bank efficiency? Evidence from China
Pessarossi, Pierre; Weill, Laurent - 2013
between capital ratio and bank efficiency for Chinese banks over the period 2004?2009, taking advantage of the profound … the capital ratio on banks' cost efficiency. We find that such an increase has a positive effect on cost efficiency, the … can improve bank efficiency. …
Persistent link: https://www.econbiz.de/10012148714
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The effects of focus versus diversification on bank performance: Evidence from Chinese banks
Berger, Allen N.; Hasan, Iftekhar; Zhou, Mingming - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2010
This paper investigates the effects of focus versus diversification on bank performance using data on Chinese banks during the 1996-2006 period. We construct a new measure, economies of diversification, and compare the results to those of the more conventional focus indices, which are based on...
Persistent link: https://www.econbiz.de/10008540685
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Do capital requirements affect bank efficiency? Evidence from China
Pessarossi, Pierre; Weill, Laurent - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2013
This paper contributes to the debate on the effect of capital requirements on bank efficiency. We study the relation … between capital ratio and bank efficiency for Chinese banks over the period 2004-2009, taking advantage of the profound … the capital ratio on banks’ cost efficiency. We find that such an increase has a positive effect on cost efficiency, the …
Persistent link: https://www.econbiz.de/10010818558
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Is bank competition detrimental to efficiency? Evidence from China
Fungácová, Zuzana; Pessarossi, Pierre; Weill, Laurent - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2012
This paper addresses the relationship between bank competition and efficiency by computing Lerner indices and cost … efficiency scores for a sample of Chinese banks over the period 2002-2011. Granger-causality tests are performed in a dynamic GMM … competition over the period, even as cost efficiency improves. In a departure from the empirical literature showing that …
Persistent link: https://www.econbiz.de/10010818570
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Where has all the dynamism gone? Productivity growth in China's manufacturing sector, 1998-2013
Brandt, Loren; Van Biesebroeck, Johannes; Wang, Luhang; … - 2023
China's manufacturing sector has been a key source of the economy's dynamism. Analysis after 2007 however is hampered by problems in the key data source for empirical analysis, the National Bureau of Statistics' (NBS) annual survey of industrial firms. Issues include missing information on value...
Persistent link: https://www.econbiz.de/10014438432
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Bilateral equilibrium exchange rates of EU accession countries against the euro
Rahn, Jörg - 2003
We apply BEER and PEER approaches to calculate real equilibrium exchange rates for five EU accession countries in central and east Europe.Bilateral nominal equilibrium exchange rates against the euro are obtained through algebraic transformation of the results. Panel cointegration techniques are...
Persistent link: https://www.econbiz.de/10012148456