Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/27686 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Discussion Paper Series 2 No. 2009,03
Verlag: 
Deutsche Bundesbank, Frankfurt a. M.
Zusammenfassung: 
The Italian and German banking systems shared similar characteristics early in the 1990s but have evolved in different directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state-owned savings banks. Contemporaneously, banks in both markets engaged heavily in mergers and acquisitions. We analyze how these activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change and scale economies. We find that privatized banks experienced a significant increase in productivity, especially if they subsequently merged with other banks. German banks were still able to increase their productivity through consolidation.
Schlagwörter: 
Banking market integration
deregulation
total factor productivity
Italy
Germany
JEL: 
D24
G21
G28
L33
ISBN: 
978-3-86558-494-6
Dokumentart: 
Working Paper

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