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2010 to the last quarter of 2019. In order to investigate this relationship, determinants of bank profitability are split … Montenegro does not give enough argument to support such explanation, and bank profitability can be explained by bank efficiency …
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competition, of which the most common are the concentration ratio and the Herfindahl-Hirschman index. It is important to emphasize … that when calculating the value of these indices, the National Bank of Serbia most often uses the absolute value of assets … competition. Although market changes are reflected in a reduced number of banks while a change in the dispersion of market shares …
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