factors, such as network density, substantially changes parameter estimates and, hence, leads to biased estimation results …

this purpose, we measure the intermediation quality of a bank by estimating its profit and cost efficiency while taking the … “normal” and in “bad” times. These results provide evidence to the importance of swiftly restoring bank protability in euro … area crisis countries through addressing high non-performing loans ratios and decisive actions on bank recapitalization. …