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Title:
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The Baltic banking system in the enlarged European Union: the effect of the financial crisis on efficiency
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Author:
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Gallizo Larraz, José Luis; Moreno Gené, Jordi; Salvador Figueras, Manuel
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Notes:
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The main objective of this study is to analyse the evolution of
banking efficiency in the Baltic countries after their accession to
the EU and during the financial crisis, and to check whether there
are significant differences between these countries as a
consequence of their particular characteristics. To that end, we
have estimated the evolution of cost and profit efficiency in the
Baltic countries in the context of the enlarged EU during the
period 2000–2013 using Bayesian stochastic frontier models. Our
results show the greater robustness of Estonian banking in terms
of profits during the financial crisis in comparison to their
neighbours. Additionally, Baltic banking has recovered its profit
efficiencies very quickly after the financial crisis. However, cost
efficiency is still at low levels in line with the other European
countries.
This work was supported by The Spanish Ministry of Economy and Competitiveness under Research Project ECO2012-35029 and ECO2016-79392-P; the DGA Project 269189/3 (Grupo Consolidado S11); Universidad de Zaragoza Project UZ-2016-SOC 07 269209, and Institut de Desenvolupament Social i Territorial (INDEST). |
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Subject(s):
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-Banking efficiency
-Economic crisis
-Stochastic frontier models
-Bayesian inference |
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Rights:
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cc-by (c) Gallizo et al., 2017
http://creativecommons.org/licenses/by/4.0/
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Document type:
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article
publishedVersion |
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Published by:
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Taylor & Francis
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Share:
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