Kasman, Adnan; Carvallo, Oscar - In: Emerging Markets Finance and Trade 49 (2013) 2, pp. 105-130
Using an unbalanced panel of 272 commercial banks, we estimate cost and revenue efficiency scores for fifteen Latin American and Caribbean countries over the period 2001-8. Using Granger causality techniques, we find evidence that in the face of increased risk and lowered capital, banks have...