The aim of this study is to examine the relationship between banking sector reform and bank performance – measured in terms of efficiency, total factor productivity growth and net interest margin – accounting for the effects through competition and bank risk-taking. To this end, we develop...

Regulatory stress tests have become the primary tool for setting capital requirements at the largest U.S. banks. The Federal Reserve uses confidential models to evaluate bank-specific outcomes for bank-specific portfolios in shared stress scenarios. As a matter of policy, the same models are...

A large finance literature has documented an important role for aggregate credit supply. However, there has only been a small amount of research on the role competition plays in influencing the overall importance of credit. This paper explores the possibility that changes in credit market...

This paper examines the driving effect of economic policy uncertainty on bank systemic risk with a distinction between systemic linkage and bank tail risk. Using bank-level data of 25 economies during the period 2010-2020, we find consistent and robust evidence that policy uncertainty is...

Digital transformation in the financial industries is a continuous process affecting products and services provided to end users, internal processes and existing service models. Newly developed and implemented technologies are changing the conventional understanding of the business as well as...

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...

Despite their significant decline in recent years, bank interest rates in Greece continue to stand above euro area averages and in the case of some banking products the differential is considerable. This paper reviews the literature on the determinants of bank interest rates and spreads...

This paper builds a macro-finance model with endogenous bankruptcy of intermediaries to analyze the dynamics of financial crises. The model features leveraged intermediaries who face stochastic costs to intermediate assets, and possess franchise value that they lose upon bankruptcy, trapping the...

This paper made an attempt to measure the abnormal return on share-price due to merger announcement. Event study methodology had been applied for getting the result. The estimated window period taken is +60 to -60 days from the date of merger announcement. In the particular the present paper...

The purpose of this paper is to re-examine the profitability of Greek banks (updating Eichengreen and Gibson (2001)) using a panel of Greek banks over the extended period to 2003 instead of 1993-1998 as in the original paper. We argue that the period since 1998 has largely been one of...