Economic and commercial relations between the countries of the southern Mediterranean and the European Union (EU) have been profoundly affected by the recent ‘EU Initiative for the Mediterranean’ and conditioned by the creation of European Monetary Union (EMU). The paper discusses the costs,...

This paper offers a methodological contribution to the empirical analysis of the relationship between banking and economic growth by suggesting a new indicator for the state of development of the banking system based on a measure of bank microeconomic efficiency. This choice helps to overcome...

In questo lavoro si oltre un contributo metodologico all'analisi empirica dei rapporti tra sistema bancario e crescita economica, proponendo una nuova proxy per lo sviluppo del sistema bancario che consente di catturare la funzione allocativa delle banche e di superare in parte il problema della...

This paper offers a methodological contribution to empirical analysis of the relationships between banking and economic growth by proposing the microeconomic efficiency of banks as a new proxy for the state of development of the banking system. This measure is partly able to overcome the problem...

This paper offers a methodological contribution to the empirical analysis of the relationships between banking and economic growth by suggesting a new indicator for the state of development of the banking system based on a measure of bank microeconomic efficiency. This choice helps to overcome...