Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/156209 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
ROME Discussion Paper Series No. 15-07
Verlag: 
Research On Money in the Economy (ROME), s.l.
Zusammenfassung: 
The financial crisis affected regions in Europe in a different magnitude. This is why we examine whether regions which incorporate banks with a higher intermediation quality grow faster in 'normal' times and are more resilient in 'bad' ones. For this purpose, we measure the intermediation quality of a bank by estimating its profit and cost efficiency while taking the changing banking environment after the financial crisis into account. Next, we aggregate the efficiencies of all banks within a NUTS 2 region to obtain a regional proxy for financial quality in twelve European countries. Our results show that relatively more profit efficient banks foster growth in their region. The link between financial quality and growth is valid in 'normal' and in 'bad' times. These results provide evidence to the importance of swiftly restoring bank pro_tability in euro area crisis countries through addressing high nonperforming loans ratios and decisive actions on bank recapitalization.
Schlagwörter: 
bank efficiency
financial development
regional growth
Europe
JEL: 
G21
O47
O52
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
2.38 MB





Publikationen in EconStor sind urheberrechtlich geschützt.