The purpose of our paper is to evaluate the effectiveness of monetary policy transmission mechanism in Romania, via interest rate channel. Using a Vector Error Correction Model and impulse response analysis, we study the impact of a positive monetary policy shock via short term interest rate on...

The purpose of this paper is to analyze the impact of mergers and acquisitions on the performance of the two categories of banks involved in this operation: the bidder bank and the target bank. Our analysis is performed on the case of M&A operations performed during 2001-2009 across Central and...

This paper investigates the major determinants of bank performance in the European sector, taking into consideration the most important financial groups from this region. To account for performance, we have applied two fixed-effects regression models to a panel of European banks that covers the...

In our study, we investigate competition in the banking systems of the EU27 as a whole, but also in both old EU member states and new EU member states, in the context of European Union integration and enlargement. Specifically, we construct 2 measures of competition, the Lerner Index and...

In this paper, we investigate competition in banking systems in the EU27 as a whole for the period 2004–2010, but also for old members’ banking systems compared with new members’ banking systems and for banking systems from countries member of euro zone compares with banking systems from...

The main objective of this paper is to investigate whether empirical support for the monetary independence hypothesis can be found from eight EU new member countries. Thus, we will analyze which are the consequences of the euro interest rate movements over the interest rates in selected EU new...