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developing countries. It also offers an empirical estimation for a unique sample of Latin American CUs. …
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estimated translog profit function is generalized using a slack variable concept that prameterizes any systemic deviation from … profit- maximizing behavior exhibited within the sample, as predicted by previous research on credit unions. Two types of … and outputs) than would be profit-maximizing at the observed vector of netput prices, possibly reflecting administrative …
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developing countries. It also offers an empirical estimation for a unique sample of Latin American CUs. …
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Banks' ratio of the market value to book value of their equity was close to 1 until the 1990s, then more than doubled during the 1996-2007 period, and fell again to values close to 1 after the 2008 financial crisis. Sarin and Summers (2016) and Chousakos and Gorton (2017) argue that the drop in...
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