measurement of bank efficiency, competition, and liquidity creation a critical issue for both policy makers and bank managers … measurement of bank efficiency, competition, and liquidity creation a critical issue for both policy makers and bank managers … other rapid advances in banking and finance. This has increased competition between domestic and foreign banks, and made the …

) leading to efficiency gains in the banking market. Our findings suggest that the more frequent bank failures occurring in a … removing barriers to bank entry on bank competition and economic growth. As governments were not concerned about systemic … stability in this period, we are able to isolate the effects of bank competition from those of state implicit guarantees. We …