This paper ana1yzes the behavior of productive efficiency in the Spanish Regions for the period 1964-1989. From a growth accounting approach, it describes the regional evolution of total factor productivity (TFPs), based on a private input production function. A more strict efficiency measure is...

The aim of this paper is to analyze the effect of new transaction technologies on thedemand for money in Spain elaborating weighted Divisia aggregates corrected by the effect ofthese technologies. Specifically, the weights used in the elaboration of monetary Divisiaaggregates are corrected...

The aim of this paper is to analyse the technical efficiency of the productive sectors of the Spanish regions over the period 1980-91. We estimate a production function using an stochastic frontier approach for the productive sectors under three different distributional assumptions for the...

This paper tries to precisely date the change of monetary policy regimeoccurred in Spain along the year 1984 moving away from controlling monetaryaggregates into interest rate targeting. The most likely date for the changeis estimated and, surprisingly, there is evidence that agents learn...

Over the last decade, the Spanish banking sector has undergone a radical structural change. The old bank statu quo has broken down due both to the impact of technical change and to a strong deregulation process, that has given way to a much freer and competitive economic environment. Similarly,...

This paper analyzes the relationship between market structure and performance within the Spanish banking industry. Three different stochastic measures of efficiency are used (based on three alternative distributional assumptions for inefficiency: half-normal, normal-truncated and exponential)....

This paper analyses the degree of competition among banks and savings banks during the 1992-99 period using two industrial organisation tools: the Panzar and Rosse contrast (1987) and Lerner¿s estimation of indices. Panzar and Rosse¿s contrast does not allow to reject the monopolistic...

This paper tests the different hypotheses explaining profitability in the generic framework of hypotheses of collusion versus efficiency, presenting as its main contribution the use of a direct measurement of efficiency. This measurement is obtained by applying frontier techniques using the...

In this paper the deterrnining factors of the diffusion intensity of the automatic teller machines (ATM) in the Cajas de Ahorros Confederadas Españolas (CECA) are analyzed, using panel data for the 1985-1990 period. It develops a theoretical model of technology adoption in presence of network...

This paper analyses the evolution of competition in the Mexican banking system in the period 1993-2005, a period of deregulation, liberalization and consolidation of the sector. For this purpose we use two indicators of competition from the theory of industrial organization (the Lerner index and...