The goal of this paper is to investigate the efficiency of the banking systems in eight European countries over the period 1994 to 2008 by using the production frontier methodology. The paper shows that risk factors along with a size variable should be taken into account, otherwise inefficiency...

This paper contributes to the existing empirical literature of inflation persistence by providing results on the level of inflation persistence for the Greek economy using an inflation series on both the aggregated and the disaggregated level. The empirical findings reveal substantial...