Koutsomanoli-Filippaki, Anastasia; Mamatzakis, Emmanuel; … - In: Emerging Markets Review 10 (2009) 3, pp. 167-178
We employ a quadratic loss function using a forward-looking rational expectations model to estimate the dynamics of banking inefficiency scores in Central and Eastern Europe (CEE) over the period 1998-2005. Results show that there is heterogeneity in the speed of adjustment to the long run...