The authors address the issue of size efficiency, also using econometric techniques, of a representative sample of European banks and its changes following the current financial crisis. The study, which comes after a previous paper based on data as at 2006, reveals persistent economies of scale, albeit more limited compared to the previous study, whenever the production mix of the banking system is specified in the estimates. More significant results are obtained when the higher or lower weight of bad credit is expressly taken into account.
Return of scale in the European banking sector and crisis : innovations and verifications / G. Goisis, P. Parravicini, G. Tagliabue - In: Real and financial issues in the international economic downturn / G. Goisis, P. Parravicini, G. Tagliabue, A. Karmann, A. Montesano, R. Motto, G. Palmerio, F. Passacantando, B. Rossignoli, F. Arnaboldi ; [a cura di] G. Goisis, P. Parravicini. - Milano : McGraw-Hill, 2011. - ISBN 9788838673009. - pp. I-138 (( Intervento presentato al 9. convegno L'economia reale e finanziaria a due anni dalla crisi tenutosi a Milano nel 2010.
Return of scale in the European banking sector and crisis : innovations and verifications
G. GoisisPrimo
;P. ParraviciniSecondo
;G. TagliabueUltimo
2011
Abstract
The authors address the issue of size efficiency, also using econometric techniques, of a representative sample of European banks and its changes following the current financial crisis. The study, which comes after a previous paper based on data as at 2006, reveals persistent economies of scale, albeit more limited compared to the previous study, whenever the production mix of the banking system is specified in the estimates. More significant results are obtained when the higher or lower weight of bad credit is expressly taken into account.
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