The Baltic banking system in the enlarged European Union: the effect of the financial crisis on efficiency

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 characterist...

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Autores: Gallizo Larraz, José Luis, Moreno Gené, Jordi, Salvador Figueras, Manuel
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2017
País:España
Institución:Universitat de Lleida (UdL)
Repositorio:Repositori Obert UdL
OAI Identifier:oai:repositori.udl.cat:10459.1/62676
Acceso en línea:https://doi.org/10.1080/1406099X.2017.1376430
http://hdl.handle.net/10459.1/62676
Access Level:acceso abierto
Palabra clave:Banking efficiency
Economic crisis
Stochastic frontier models
Bayesian inference
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spelling The Baltic banking system in the enlarged European Union: the effect of the financial crisis on efficiencyGallizo Larraz, José LuisMoreno Gené, JordiSalvador Figueras, ManuelBanking efficiencyEconomic crisisStochastic frontier modelsBayesian inferenceThe 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).Taylor & Francis2017info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttps://doi.org/10.1080/1406099X.2017.1376430http://hdl.handle.net/10459.1/62676reponame:Repositori Obert UdL instname:Universitat de Lleida (UdL)Inglésinfo:eu-repo/grantAgreement/MINECO//ECO2012-35029info:eu-repo/grantAgreement/MINECO//ECO2016-79392-PReproducció del document publicat a https://doi.org/10.1080/1406099X.2017.1376430Baltic Journal of Economics, 2017, vol. 18, núm. 1, p. 1–24cc-by (c) Gallizo et al., 2017info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/4.0/oai:repositori.udl.cat:10459.1/626762026-06-24T12:42:17Z
dc.title.none.fl_str_mv The Baltic banking system in the enlarged European Union: the effect of the financial crisis on efficiency
title The Baltic banking system in the enlarged European Union: the effect of the financial crisis on efficiency
spellingShingle The Baltic banking system in the enlarged European Union: the effect of the financial crisis on efficiency
Gallizo Larraz, José Luis
Banking efficiency
Economic crisis
Stochastic frontier models
Bayesian inference
title_short The Baltic banking system in the enlarged European Union: the effect of the financial crisis on efficiency
title_full The Baltic banking system in the enlarged European Union: the effect of the financial crisis on efficiency
title_fullStr The Baltic banking system in the enlarged European Union: the effect of the financial crisis on efficiency
title_full_unstemmed The Baltic banking system in the enlarged European Union: the effect of the financial crisis on efficiency
title_sort The Baltic banking system in the enlarged European Union: the effect of the financial crisis on efficiency
dc.creator.none.fl_str_mv Gallizo Larraz, José Luis
Moreno Gené, Jordi
Salvador Figueras, Manuel
author Gallizo Larraz, José Luis
author_facet Gallizo Larraz, José Luis
Moreno Gené, Jordi
Salvador Figueras, Manuel
author_role author
author2 Moreno Gené, Jordi
Salvador Figueras, Manuel
author2_role author
author
dc.subject.none.fl_str_mv Banking efficiency
Economic crisis
Stochastic frontier models
Bayesian inference
topic Banking efficiency
Economic crisis
Stochastic frontier models
Bayesian inference
description 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.
publishDate 2017
dc.date.none.fl_str_mv 2017
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://doi.org/10.1080/1406099X.2017.1376430
http://hdl.handle.net/10459.1/62676
url https://doi.org/10.1080/1406099X.2017.1376430
http://hdl.handle.net/10459.1/62676
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv info:eu-repo/grantAgreement/MINECO//ECO2012-35029
info:eu-repo/grantAgreement/MINECO//ECO2016-79392-P
Reproducció del document publicat a https://doi.org/10.1080/1406099X.2017.1376430
Baltic Journal of Economics, 2017, vol. 18, núm. 1, p. 1–24
dc.rights.none.fl_str_mv cc-by (c) Gallizo et al., 2017
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by/4.0/
rights_invalid_str_mv cc-by (c) Gallizo et al., 2017
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Taylor & Francis
publisher.none.fl_str_mv Taylor & Francis
dc.source.none.fl_str_mv reponame:Repositori Obert UdL
instname:Universitat de Lleida (UdL)
instname_str Universitat de Lleida (UdL)
reponame_str Repositori Obert UdL
collection Repositori Obert UdL
repository.name.fl_str_mv
repository.mail.fl_str_mv
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