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most from policies that expand access to banking. …
Persistent link: https://www.econbiz.de/10014480378
On 23rd February 2017, SUERF and EY organized a conference on "Brexit and the Implications for Financial Services" at EY's offices, Churchill Place, Canary Wharf, London. While the outcome of the Brexit negotiations remains highly uncertain, the conference discussed the burning questions for...
Persistent link: https://www.econbiz.de/10011985209
Financial inclusion is the broad based delivery of banking and other financial services at affordable cost to the … banking services to maximum number of people is unsuccessful as a poverty reduction strategy. As a poverty reduction strategy …
Persistent link: https://www.econbiz.de/10010269187
In this paper we deal with the measurement of technical efficiency (or X-efficiency) of institutions whose operations might be significantly affected by macroeconomic, environmental and non-controllable factors. For this purpose we introduce a four-stage DEA methodology based on the approach...
Persistent link: https://www.econbiz.de/10011435139
determinant of banking efficiency. Thus, not controlling for market conditions may substantially bias the measurement of …-efficiency) of the Austrian banking sector with the focus on environmental and non-controllable factors critical to banking markets …
Persistent link: https://www.econbiz.de/10011435159
, participated in a domestic intra-banking merger or acquisition operation since 1995. For this purpose we apply the DEA methodology … 800 Austrian banks ranging over 1999 to 2002. The empirical findings support the view that intra-banking merger and … acquisition activities have a positive influence on banking efficiency. …
Persistent link: https://www.econbiz.de/10011435163
theory of banking and the literature on digital transformation. It provides an explanation for existing trends and, by … extending the theory of the banking firm, it illustrates how financial intermediation will be impacted by innovative financial … banking and the all-digital banks. The paper contributes to an understanding of the future of banking, providing a framework …
Persistent link: https://www.econbiz.de/10012602928
This paper studies how comparing can be used to provide information in financial markets in the presence of a hidden characteristics problem.Although an investor cannot precisely estimate the future returns of an entrepreneur's projects, the investor can mitigate the asymmetric information...
Persistent link: https://www.econbiz.de/10012147957
Consider a setting where a treatment that starts at some point during a spell (e.g. in unemployment) may impact on the hazard rate of the spell duration, and where the impact may be heterogeneous across subjects. We provide Monte Carlo evidence on the feasibility of estimating the distribution...
Persistent link: https://www.econbiz.de/10010277332
Counterfactual policy evaluation often requires computation of game-theoretic equilibria. We provide new algorithms for computing pure-strategy Nash equilibria of games on networks with finite action spaces. The algorithms exploit the fact that many agents may be endowed with types such that a...
Persistent link: https://www.econbiz.de/10013189750