Bank performance and convergence during the financial crisis: Evidence from the 'old' European Union and Eurozone

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Bank performance and convergence during the financial crisis: Evidence from the 'old' European Union and Eurozone

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Bank performance and convergence during the financial crisis: Evidence from the 'old' European Union and Eurozone

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/GA13-03783S" target="_blank" >GA13-03783S: Bankovní sektor a měnová politika: Zkušenosti z nových členských zemí EU po desíti letech členství</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

JOURNAL OF BANKING @ FINANCE

ISSN

0378-4266

e-ISSN

—

Svazek periodika

2015

Číslo periodika v rámci svazku

52

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

9

Strana od-do

28-2016

Kód UT WoS článku

000351961700018

EID výsledku v databázi Scopus

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