Arbeitspapier
Regional growth and finance in Europe: is there a quality effect of bank efficiency?
In this study, we test whether regional growth in 11 European countries depends on financial development and suggest the use of cost- and profit-efficiency estimates as quality measures for financial institutions. Contrary to the usual quantitative proxies for financial development, the quality of financial institutions is measured in this study as the relative ability of banks to intermediate funds. An improvement in bank efficiency spurs five times more regional growth than does an identical increase in credit. More credit provided by efficient banks exerts an independent growth effect in addition to the direct quantity and quality channel effects.
- ISBN
-
978-952-462-509-8
- Sprache
-
Englisch
- Erschienen in
-
Series: Bank of Finland Research Discussion Papers ; No. 13/2009
- Klassifikation
-
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Economywide Country Studies: Europe
- Thema
-
bank performance
regional growth
bank efficiency
Europe
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hasan, Iftekhar
Koetter, Michael
Wedow, Michael
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland
- (wo)
-
Helsinki
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hasan, Iftekhar
- Koetter, Michael
- Wedow, Michael
- Bank of Finland
Entstanden
- 2009
Ähnliche Objekte (12)
The transparency of the banking industry and the efficiency of information-based bank runs
Do networks in the stock exchange industry pay off? European evidence
Pricing risky bank loans in the new Basel II environment
Subordinated debt, market discipline, and bank risk
Credit default swaps and bank loan sales: evidence from bank syndicated lending
Banks' option to lend, interest rate sensitivity, and credit availability
Real effects of bank capital regulations: Global evidence
Secrecy, information shocks, and corporate investment: Evidence from European Union countries
Should competition policy in banking be amended during crises? Lessons from the EU
Friends for the benefits: The effects of political ties on sovereign borrowing conditions
How large banks use CDS to manage risks: bank-firm-level evidence
Central bank institutional structure and effective central banking: cross-country empirical evidence
The transparency of the banking industry and the efficiency of information-based bank runs
Do networks in the stock exchange industry pay off? European evidence
Pricing risky bank loans in the new Basel II environment
Subordinated debt, market discipline, and bank risk
Credit default swaps and bank loan sales: evidence from bank syndicated lending
Banks' option to lend, interest rate sensitivity, and credit availability
Real effects of bank capital regulations: Global evidence
Secrecy, information shocks, and corporate investment: Evidence from European Union countries
Should competition policy in banking be amended during crises? Lessons from the EU
Friends for the benefits: The effects of political ties on sovereign borrowing conditions
How large banks use CDS to manage risks: bank-firm-level evidence
Central bank institutional structure and effective central banking: cross-country empirical evidence
The transparency of the banking industry and the efficiency of information-based bank runs
Do networks in the stock exchange industry pay off? European evidence
Pricing risky bank loans in the new Basel II environment
Subordinated debt, market discipline, and bank risk
Credit default swaps and bank loan sales: evidence from bank syndicated lending
Banks' option to lend, interest rate sensitivity, and credit availability
Real effects of bank capital regulations: Global evidence
Secrecy, information shocks, and corporate investment: Evidence from European Union countries
Should competition policy in banking be amended during crises? Lessons from the EU
Friends for the benefits: The effects of political ties on sovereign borrowing conditions
How large banks use CDS to manage risks: bank-firm-level evidence