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This paper investigates the relationship between the collapse timing of exchange rate regime and degree of substitutability of foreign currency for domestic currency as a medium of exchange. According to the spirit of Chen et al. (1981), Tsaur (1987), Chang et al. (1991), we set up a...
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cost efficiency and cost growth rate of Taiwanese banking industry during 1995 to 2005. The cost growth rate was decomposed … change and output scale change. Empirical results indicate 7.87% cost growth rates decline in the banking industry. Then we … efficiency and cost growth rates for these banks. The results show that the average scale of these banks is larger than optimal …
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