Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/153135
Authors: 
Bos, Jaap W. B.
Schmiedel, Heiko
Year of Publication: 
2006
Series/Report no.: 
ECB Working Paper 701
Abstract: 
This paper attempts to estimate comparable efficiency scores for European banks operating in the Single Market in the EU. Using a data set of more than 5000 large commercial banks from all major European banking markets over the period 1993-2004, the application of meta-frontiers enables us to assess the existence of a single and integrated European banking market. We find evidence in favor of a single European banking market characterized by cost and profit meta-frontiers. However, compared to the meta-frontier estimations, pooled frontier estimations tend to underestimate efficiency levels and correlate poorly with country-specific frontier efficiency ranks.
Subjects: 
banking
meta-frontiers
stochastic frontiers
technology gap ratios
X-efficiency
JEL: 
G21
L11
L22
L23
Document Type: 
Working Paper

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