Banking inefficiency in Central and Eastern European countries under a quadratic loss function

Koutsomanoli-Fillipaki, Anastasia, Mamatzakis, Emmanuel and Staikuras, Christos (2009) Banking inefficiency in Central and Eastern European countries under a quadratic loss function. Emerging Markets Review, 10 (3). pp. 167-178. ISSN 1566-0141

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Abstract

We employ a quadratic loss function using a forward-looking rational expectations model to estimate the dynamics of banking inefficiency scores in Central and Eastern Europe (CEE) over the period 1998–2005. Results show that there is heterogeneity in the speed of adjustment to the long run equilibrium across countries and over time, while it appears that the recent accession to the EU has not led to an increase in the speed of adjustment, as it would be expected in light of the integration process prior to the accession. Ownership asserts certain influence on the speed at which banks correct past-period inefficiency.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Business and Management
Subjects: H Social Sciences
Depositing User: Janet Snow
Date Deposited: 03 Jul 2012 14:12
Last Modified: 03 Jul 2012 14:12
URI: http://sro.sussex.ac.uk/id/eprint/40019
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