lower efficiency compared with central banks in emerging markets and advanced economies. Factors such as central bank … calculate a score for operational expense efficiency based on a stochastic frontier analysis. In addition, we offer potential … explanations for the observed variations in efficiency levels across central banks. Our analysis reveals significant heterogeneity …

Intro -- Contents -- I. INTRODUCTION -- II. SUSCEPTIBILITY OF BANKING REGULATION TO CAPTURE -- III. A MODEL OF BANK …

identified late, solutions are much more costly. Until recently, Europe has seen only a small number of outright bank failures …, which made the estimation of early warning models for bank supervision very difficult. This paper presents a unique database … of individual bank distress across the European Union from mid-1990s to 2008. Using this data set, we analyze the causes …

outside of the central bank, and the twin-peaks model, with a systemic risk regulator (central bank) on the one hand and a …

supervisory implementation, making use of data from IMF-World Bank assessments of compliance with international standards and …

resulting in an acceleration of bank lending. In particular, regulatory reforms pertaining to loan classification and …

With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure … costs and other pressures. Estimating investment efficiency, however, presents many methodological pitfalls. Using various … methods--stochastic frontier analysis, data envelopment analysis (DEA), and bootstrapped DEA-this paper estimates efficiency …

The paper presents a methodology for measuring the clarity of central bank communication, illustrating it with the case … of the European Central Bank (ECB) in 1999-2007. The analysis identifies the ECB's written communication as clear about …