In recent years, the increased concentration of activity in the banking system has received much attention. This paper studies the implications of concentration in the banking sector for economic activity. Changes in the competitive structure affect investment, risk-sharing, and social welfare. A key aspect of our analysis is that banks in more concentrated systems allocate a lot of resources t...

The aim of this paper is to estimate the efficiency of the Slovak commercial banks employing the Data Envelopment Analysis (DEA) window analysis approach during the period 20032012. The research is based on unbalanced panel data of the Slovak commercial banks. Undesirable output was included into analysis of banking efficiency. It was found that most efficient banks were Postovabanka, UniCredit...

This paper investigates credit supply endogeneity in the Italian environment from 1999 to 2009. The study aims to shed more light on the relationship between securitization and the Italian monetary transmission mechanism during the two most recent financial crashes: the dot-com bubble burst (1998-1999) and the subprime mortgage crisis (2008-2009). Recently many works are focused on how securiti...

Money is the balance sheet counterpart to bank lending. As such, highly procyclical components of money reflect incremental bank lending that may reverse abruptly as financial conditions deteriorate. Components of monetary aggregates that correspond to cross-border banking sector flows depend sensitively on both domestic and global financial factors and display a procyclical pattern that may be...

The work to improve bank crisis management and resolution frameworks is ongoing in several jurisdictions worldwide after the fi nancial crisis revealed serious shortcomings in the respective regimes. The development of an effective framework is particularly challenging in the EU. This complexity arises owing to the objective of achieving stability in a highly integrated fi nancial system, where...

The aim of this paper is to view the current financial crisis through the prism of conceptual models of the basic relationships between the commercial banking sector on the one hand and the public sector authorities, comprising the government, especially the ministry of finance, central bank and specialist regulatory/supervisory authorities, on the other. In Section II, I set out my interpretat...

This paper develops a tractable macroeconomic model with a banking sector in which banks face endogenous borrowing constraints. There is no uncertainty about economic fundamentals. Banking bubbles can emerge through a positive feedback loop mechanism. Changes in household confidence can cause the bubbles to burst, resulting in a financial crisis. Credit policy can mitigate economic downturns. T...

The financial liberalization in the four Nordic countries (Denmark, Finland, Norway, and Sweden) that took place mostly in the 1980s led to a major financial crisis in three of those countries. The crises in Finland, Norway, and Sweden are among the deepest financial crises in advanced market economies since World War II. Denmark experienced some banking problems but managed to avoid a systemic...

The concept of banking crises is a global phenomenon and many nations the world has suffered one or more crises. economy Ghana in recent times been greatly shaken due to that overwhelmed it’s sector. Over past decade, hit by diverse crisis seen some banks savings loans institutions being collapsed with others also consolidated. This paper outlines main causes occurred Ghana, such as poor corpor...

Democratic elections must necessarily be about change1 Events change between elections, and thus newgovernment responses are required. Voters’ preferences may change in reaction to events and their changing life circumstances. And political parties also may reevaluate their positions in the light of new circumstances or the positions of competing parties. This potential for change contributes t...