Bank performance and convergence during the financial crisis: Evidence from the 'old' European Union and Eurozone
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F15%3A%230003523" target="_blank" >RIV/47813059:19520/15:#0003523 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1016/j.jbankfin.2014.08.012" target="_blank" >http://dx.doi.org/10.1016/j.jbankfin.2014.08.012</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.jbankfin.2014.08.012" target="_blank" >10.1016/j.jbankfin.2014.08.012</a>
Alternative languages
Result language
angličtina
Original language name
Bank performance and convergence during the financial crisis: Evidence from the 'old' European Union and Eurozone
Original language description
This paper investigates the process of banking integration in the EU15 countries and the Eurozone by testing for convergence in bank efficiency among commercial banks. We use a two-step approach: First we estimate efficiency by applying an innovative methodological approach that treats banks' non-performing loans as an undesirable output. Second, we apply the Phillips and Sul (2007) panel convergence methodology to assess the convergence process in European banking. Our results indicate an overall decline in efficiency and no evidence of group convergence following the financial crisis. However, we find the presence of club formation with typically weak convergence. The heterogeneity displayed by the transition parameters for the individual countries and the notable decrease in competition levels post 2008 highlight the impact of the financial crisis on the integration process. (C) 2014 Elsevier B.V. All rights reserved.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA13-03783S" target="_blank" >GA13-03783S: Banking Sector and Monetary Policy: Lessons from New EU Countries after Ten Years of Membership</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
JOURNAL OF BANKING @ FINANCE
ISSN
0378-4266
e-ISSN
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Volume of the periodical
2015
Issue of the periodical within the volume
52
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
9
Pages from-to
28-2016
UT code for WoS article
000351961700018
EID of the result in the Scopus database
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