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The effects of sector reforms on the productivity of Greek banks: a step-by-step analysis of the pre-Euro era

Panagiotis Tziogkidis, Kent Matthews, Dionisis Philippas
2016 Annals of Operations Research  
The paper analyses the effects on the productivity of Greek commercial banks of sector regulatory reforms in the pre-Euro era, using the Global Malmquist Index.  ...  In the context of a step-by-step approach, we demonstrate the contribution of deregulatory commercial freedoms to greater productivity and the negative effect of prudential controls.  ...  This paper contributes empirically by considering the effects of sector reforms on a step-by-step basis and by using data for all Greek banks during the period of the reforms.  ... 
doi:10.1007/s10479-016-2381-3 fatcat:ylfzu7ik3bftfcmh6ancjhelkq

Productivity Measuring In The Czech Banking Industry

Dimitrios Angelidis, Katerina Lyroudi, Athanasios Koulakiotis
2011 International Business & Economics Research Journal  
In this paper we investigate the productivity of the Czech banking industry for the period 1996-2002.  ...  Using the value added approach and calculating the geometric mean of the TFP, we find that the level of productivity of financial institutions meets a decline of 0.7%.  ...  Therefore, a first step in investigating the level of effectiveness for the economy of a given country is to explore the performance of its financial institutions.  ... 
doi:10.19030/iber.v4i12.3645 fatcat:7oqeyinzejfqljbcepgobqeam4

Building a Bank Resolution Fund Over Time: When Should Each Individual Bank Contribute?

Javier Villar Burke
2014 Social Science Research Network  
On the other hand, as the results of the empirical analysis suggest, the effective impact of the retention requirements (as well as of any reform of financial regulation) on the risk transfer behavior  ...  hypothesis about the impact of regulatory incentives by examining the effects of securitization on bank capital ratios for different types of structured products.  ...  Year Assets An additional argument to take into consideration the evolution of income is the competitive features of the banking sector.  ... 
doi:10.2139/ssrn.2535722 fatcat:rsh6qxi55zdu5dnmypbzmymfg4

Financial stability in a globalised world [chapter]

2020 Stable Banks in Challenging Times  
This means that the pre-crisis level of production would be reached at the end of 2011, and production would be back to full capacity at about the same time.  ...  Let me elaborate on this by referring to reforms of banks' compensation schemes.  ... 
doi:10.4337/9781839102219.00013 fatcat:lybqrrfvorfp3hxh4k5qrqtcsi

The Eurozone Debt Crisis and the European Banking Union: A Cautionary Tale of Failure and Reform

Emilios Avgouleas, Douglas W. Arner
2013 Social Science Research Network  
A central idea of this paper is that the design of institutions underpinning financial integration has to be a step-by-step process, as in the EU over several decades, starting with the European Coal and  ...  On the other hand, financial sector integration refers to the elimination of restrictions to cross-border capital flows that may involve transactions concerning loans, debt and equity securities, and of  ...  The most important of forthcoming reforms is the decision to move towards a banking union reflected by the legislative proposal for a single supervisory mechanism (SSM) for the euro area, the entry into  ... 
doi:10.2139/ssrn.2347937 fatcat:d4rhix34wvdnpcfz6oa65pswcq

The impact of the recovery and resilience facility on the Greek economy

Dimitris Malliaropulos, Bank of Greece, Dimitris Papageorgiou, Melina Vasardani, Evangelia Vourvachaki
2021 Economic bulletin  
This paper assesses the macroeconomic impact of the stimulus and the structural reforms supported by the Recovery and Resilience Facility (RRF) on the Greek economy.  ...  The set-up is a Dynamic Stochastic General Equilibrium (DSGE) model that is augmented to account for the main features of Greece's plan under the RRF framework.  ...  with a reversal of causality, pointing towards Friedman-Ball effects in the EMU era.  ... 
doi:10.52903/econbull20215301 fatcat:eg4lavnf2ffuna26ejpv5cyvjm

Brexit and new perspectives of an unconventional way of Eurozone revival

Nikolaos A. Kyriazis, Emmanouil M. L. Economou
2019 Journal of Central Banking Theory and Practice  
In the aftermath of the UK referendum on June 23rd, 2016 that resulted in a sonorous negative decision regarding the willingness of the British people to remain in the EU, a significant number of alarming  ...  Based on the main scenarios about the UK's relations to the European Union in the near future, we estimate how a new round of non-conventional measures could affect the Britons as well as the European  ...  Neither was the Single Supervisory Mechanism reform effective for banks.  ... 
doi:10.2478/jcbtp-2019-0021 fatcat:2gpg6tlmezb2jdlxbl3rksvosy

A Market Perspective on the European Sovereign Debt and Banking Crisis

Adrian Blundell-Wignall, Patrick Slovik
2011 OECD Journal Financial Market Trends  
It then explores the implications of the interaction between bank losses and fiscal deficits on the one hand, and the feedback that any debt haircuts anticipated by markets could have on bank solvency.  ...  The discussion highlights some implications for banking system balance sheets of expected losses and shows the potential impact on them of sovereign restructuring implicit in market analysis.  ...  Deposits banks 524.1 Table 4 . 4 Greek banking sector at the start of 2010 Euro (billion) and ratios Deposits banks 65.9 Loans 370.3 Other Deposits 276.5 Debt 68.7 Debt certificates & bonds  ... 
doi:10.1787/fmt-2010-5kggc0z2hm9r fatcat:bepo2ujrsrdqdfbka2t2tck3my

How False Beliefs About Exchange Rate Systems Threaten Global Growth and the Existence of the Eurozone

William R. White
2015 Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute Working Papers  
of such crises.  ...  At the global level, we still lack the instruments to do either effectively should current problems worsen.  ...  By definition the introduction of the euro was a one off event. It will not happen again.  ... 
doi:10.24149/gwp250 fatcat:2sdltlkafne77bkxdoeciio3ni

The Productive Efficiency of Banks in Developing Country With Special Reference to Banks & Financial Institution

2021 Zenodo  
Homogeneity gives off an impression of being one of the more grounded drivers of normal effectiveness.  ...  The normal bank is observed to be focused, however the low normal proficiency scores observed is by all accounts an aftereffect of a little level of banks that incidentally figure out how to accomplish  ...  Berger et al., (2014) gave a case of an early third era show.  ... 
doi:10.5281/zenodo.4896773 fatcat:a4ivyzlx2ralncm667m2p5cf3m

Greece debt crisis

2017 International Journal of Latest Trends in Engineering and Technology  
What we are currently experiencing is the total triumph of neoliberalism. It spells the end of humanity" -Yanis Varoufakis, Ex Finance Minister of Greece.  ...  Improve financial stability by strengthening the banking sector.  ...  The Greek performance: Emergence of two tales- Our analysis in the form of the figures below exhibit a vivid contrast between two Greece-the pre-and post-crisis of Greece.  ... 
doi:10.21172/1.ires.01 fatcat:mhdtfo2ytbdrnndugehpg7zt3a

Greece: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Greece

International Monetary Fund.
2017 IMF Staff Country Reports  
. 27 See March 2019 PPM report (Box 1) for analysis of the Greek bank-sovereign nexus  ...  Hercules is a bold step of the government's strategy to reboot the Greek financial system including far reaching reforms of its capital markets.  ... 
doi:10.5089/9781475575736.002 fatcat:ztxsqqv7nreqfm3bgsvqvsgb5m

The Theory of Banking: Why Banks Exist and Why We Fear Them

Niccolo Leo Caldararo
2011 Social Science Research Network  
Banks are generally considered by most people to be utilities that allow the transmission of value on a daily basis in modern society, but they also seem to create devastating events like credit crises  ...  by the manufacture of credit.  ...  One effect of the Reformation was the expropriation of church lands in the Protestant areas which greatly spurred economic development and production, along with the new wealth from the colonies and slave  ... 
doi:10.2139/ssrn.1908310 fatcat:fimw6nuuznezba4il6cir2auza

Managing the Crisis in Greece: The Missing Link between External Conditionality and Domestic Political Economy [chapter]

Dimitris Katsikas, Pery Bazoti
2020 Financial Crisis Management and Democracy  
The analysis takes place in three steps: (a) the outline of Greece's institutional profile and growth trajectory based on an analysis of formal and informal domestic institutions; (b) the description and  ...  While most attention has been paid to the weaknesses of the EMU, this analysis' emphasis is on the role of crucial domestic factors.  ...  The analysis will take place in three steps: (a) the establishment of Greece's political economy profile and growth trajectory before the crisis; (b) the description and analysis of the design, implementation  ... 
doi:10.1007/978-3-030-54895-7_8 fatcat:cyf6ntc2tvgejm32zppfwbp7la

Global Economic Prospects [chapter]

2015 The World Bank Group A to Z 2016  
Specifying rules of origin on a product by product basis offers opportunities for sectoral interests to influence the specification of the rules in a protectionist way.  ...  A first step for developing countries is to identify priority sectors for reform to keep costs low and gather momentum for further reform.  ...  Limits on equity shareholdings for companies in sectors other than those excluded from pre-establishment limitations. g.  ... 
doi:10.1596/978-1-4648-0484-7_global_economic_prospects fatcat:wrv5qpp275cfdijyvvg45tlnx4
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