dependence in the bank cost efficiency rankings constructed with the revaluations being kept or dropped. We relate this … show that the revaluations are positively associated with (corporate) bank lending. We then find that keeping the … revaluations when estimating bank cost efficiency leads to a misleading conclusion that the credit market is inefficient; we show …

We analyze bank survival on large dataset covering 17 CEE markets during the period of 2007-2015 by estimating the Cox … progress in banking reforms positively affects bank survival. During global financial crisis, banking reform progress is not … determinants is largest for average banks measured by their soundness. Financial indicators predict bank survival rate with …

This paper exploits the Financial Accounts of the United States to derive long time series of bank and nonbank credit … cycle, (ii) recessions and recoveries, and (iii) systemic financial crises. We find that bank and nonbank credit exhibit … different dynamics throughout the business cycle. This diverging cyclical behavior of output and bank and nonbank credit argues …