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Persistent link: https://www.econbiz.de/10009581713
This study examines the efficiency of the Greek banking system for the period 1994-2006 using DEA. The findings suggest that total efficiency improved and this is mainly attributed to allocative efficiency. Large- and small-sized banks appear more efficient compared with medium-sized ones, while...
Persistent link: https://www.econbiz.de/10013404514
This paper studies the impact of recent mergers and acquisitions (M&As) on the cost and profit efficiency of banks in Greece. To this end, three methods have been applied: (i) analysis of developments in certain cost and profit indicators and their dispersion for bank groups according to their...
Persistent link: https://www.econbiz.de/10013404644
In this paper we suggest a VAR specification that proves to be successful in resolving the price puzzle featuring in VARs used for monetary policy analysis. We show that augmenting a standard VAR with a small number of variables that have forward-looking informational content is capable of...
Persistent link: https://www.econbiz.de/10013404659
In this paper we develop a method for testing the implications of the Bernanke-Blinder model for monetary policy transmission. Multivariate cointegration techniques are used in a sample that includes six major industrial countries with data covering the last 25 years. Moreover, we examine...
Persistent link: https://www.econbiz.de/10013404666
This paper examines empirically the role of bank market power as an internal factor influencing banks' reaction in terms of lending and risk taking to monetary policy impulses. The analysis is carried out for the U.S. and euro-area banking sectors over the period 1997–2010. Market power is...
Persistent link: https://www.econbiz.de/10012980616
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This paper analyses empirically the role of bank lending in monetary policy transmission on the basis of Greek bank level data. Two approaches have been taken. One employing a reduced form equation linking monetary policy and distributional variables to bank loans in the spirit of Kashyap and...
Persistent link: https://www.econbiz.de/10012786135
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