This paper investigates the cost efficiency of 1974 credit institutions across 15 European countries over the five-year period following the implementation of the Second Banking Directive in 1993. The Recursive Thick Frontier Approach is employed to estimate a Augmented Cobb-Douglas cost...

This paper presents and analyses the results of a survey of some 400 credit institutions in the European Union carried out by the European Investment Bank in the summer of 2003. An indepth analysis of the survey responses of 74 participating banks leads to the following conclusions: (1) despite...