Although efficiency has been tested previously in Colombia, studies mislead the main element which is faced by the system: risk. Most studies assume banks are risk neutral, this fact tends to underestimate efficiency, especially when a country faces an economic crisis, like the one of the late...

The wave of consolidation and the rapid increase in market concentration that took place in most Latin American countries has generated concerns about the rise in banks' market power and its potential effects on consumers. This paper advances the existing literature by testing the market power...

В статье рассматривается существующая проблема отсутствия единого подхода к определению понятия «эффективность» в рамках банковской деятельности....

This study investigates the evolution of banking efficiency of post-communist new EU member countries over a time span 1998 to 2003. In these transition economies major strides were taken during this period to establish functioning market economies and financial systems for their EU membership...

Within most organizations, agents may spend time on a variety of tasks, productive and redistributive. In this paper, I derive an optimal multi-task incentive scheme under the realistic assumption that agents have limited liability. The wage level is shown to increase with an agent's discretion...