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Banking inefficiency in Central and Eastern European countries under a quadratic loss function
journal contribution
posted on 2023-06-08, 12:02 authored by Anastasia Koutsomanoli-Fillipaki, Emmanuel Mamatzakis, Christos StaikurasWe 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.
History
Publication status
- Published
Journal
Emerging Markets ReviewISSN
1566-0141Publisher
ElsevierExternal DOI
Issue
3Volume
10Page range
167-178Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-07-03Usage metrics
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