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severely regulated. We identify the latter two groups as falling in "liberalization traps". Institutional quality interacts …
Persistent link: https://www.econbiz.de/10012030889
The global financial crisis in 2008-09 has caused great turmoil in the banking sectors of the developed world. As a result, the importance of banks from developing economies, represented by BRIC banks, in the global banking market is rising. This paper investigates bank performance and its...
Persistent link: https://www.econbiz.de/10013066361
This paper uses a Latent Class Stochastic Frontier Approach to factor out the heterogeneity in the data and to provide evidence on the existence of different bank technologies in international banking with different response schedules to external shocks and diverse constraints. We use an...
Persistent link: https://www.econbiz.de/10009775651
This research aims at examining the differences between Islamic and conventional banks in terms of business orientation, stability, and efficiency. Data for this research are collected from 48 conventional banks and 28 Islamic banks of the Gulf Cooperative Council (GCC) countries over the period...
Persistent link: https://www.econbiz.de/10011862276
. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015 … liberalization process restarts a few years after a financial crisis. One decade later, financial markets have returned to their pre …-crisis level of liberalization. In the EU sample, however, we do not find sufficient evidence to support these observations. …
Persistent link: https://www.econbiz.de/10012022690
The observed high levels of banks' operating efficiency, profi ts and market values in the years before the fi nancial crisis raise reasonable doubts about the information content of conventional performance measures for the accurate assessment of the effi ciency of banking intermediation. In...
Persistent link: https://www.econbiz.de/10013096527
Total factor productivity (TFP) is considered the key determinant of long-term and sustainable economic growth. The dismal evolution of TFP characterized the Spanish economy since the foundation of the Eurozone until the outbreak of the Global Financial Crisis [see García- Santana et al....
Persistent link: https://www.econbiz.de/10012908966
The Global Financial Crisis creates liquidity shocks, banks failures and a global economic downturn while led to significant supervisory and regulatory reforms affecting banks efficiency performance. We offer new insights investigating overall inefficiency and by decomposing into transient and...
Persistent link: https://www.econbiz.de/10013219779
Substitution elasticities quantify the extent to which the demand for inputs responds to changes in input prices. They are considered particularly relevant from the perspective of cost management. Because the crisis has drastically altered the economic environment in which banks operate, we...
Persistent link: https://www.econbiz.de/10012995211
This paper assesses and tests the response of banks operating in financial centers to the financial crisis by investigating the actual productivity change and its components — pure efficiency change, scale efficiency change and technological change (innovation). The heterogeneity in the...
Persistent link: https://www.econbiz.de/10012913355