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. …

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 pro_tability in euro … area crisis countries through addressing high nonperforming loans ratios and decisive actions on bank recapitalization. …

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 profitability in euro … area crisis countries through addressing high non-performing loans ratios and decisive actions on bank recapitalization …

resources in the form of deposits. Therefore, bank credit needs to be modelled as a monetary phenomenon, which directly fuels … lend, the bank does not have to raise deposit rates or significantly increase borrowing from abroad as deposit dynamics … closely resembles that of credit, which allows us to analyse real and nominal consequences of bank credit (and money) creation. …