natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by …We provide evidence that a weak banking sector has contributed to low productivity growth following the European … the resulting increase in factor misallocation accounts for 20% of the decline in productivity in Portugal in 2012. …

The paper studies the productivity change of the commercial banks in the CEE countries over the post-crisis period 2013 …-2018. The productivity change is measured by the Malmquist Productivity Index and its sub-components, applying two approaches … banks in 11 CEE countries. We find that commercial banks' productivity, measured with the asset-oriented intermediation …