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 …

ability of banks to take recourse to central bank credit operations through changes of the collateral framework (e.g. CGFS … economy in which we illustrate the relevant trade-offs, derive optimal central bank collateral policies, and show why in a … to allow for greater potential recourse of banks to central bank credit. The model also illustrates that the credit …

economies. We also assess the efficiency of public spending in redistributing income by using a DEA (Data Envelopment Analysis …

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 …

Does the level of deposits matter for bank fragility and efficiency? In a banking model with endogenous bank runs and a … consumption-saving decision, we show that the level of deposits has opposite effects on bank fragility depending on the nature of … bank runs. In an economy with panic-driven runs, higher deposits make banks less fragile, while the opposite is true when …

study the trade-off between efficiency (proxied by real GDP per capita and TFP) and equity (proxied by the labour share of …

indeed increases bank efficiency. Second, building on these results, we examine the relation between the Boone indicator … bank soundness. We find evidence that competition robustly increases bank soundness, via the efficiency channel. …A growing body of literature indicates that competition increases bank soundness. Applying an industrial organization …

We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …

We study bidder bahavior and performance in 53 main refinancing operations (repo auctions) of the European Central Bank …