All participants in capital markets are asking how to finance investments or to invest money available. The answer to these questions depends on the situation you have: deficit or surplus capital. This article addresses issues concerning the place and role of capital market within the financial...

All participants in capital markets are asking how to finance investments or to invest money available. The answer to these questions depends on the situation you have: deficit or surplus capital. This article addresses issues concerning the place and role of capital market within the financial...

In this paper, we analyze the efficiency of the main banks in Romania, the Czech Republic and Hungary for the period 2000-2006, by using the frontier analysis. For the estimation of efficiency of banking we used a nonparametric method – the DEA Method (Data Envelopment Analysis) and a...

Financial crises mainly manifest themselves at the level of financial institutions. Although financial crises can also be generated within non-financial institutions, the role of banking institutions in the occurrence, transmitting and solving of financial crises is a deciding one. Banks play a...

In this paper we propose to make a presentation of the main theories on financial intermediation and financial intermediaries. Modern theory of financial intermediation examine the main functions of financial intermediation, how the financial intermediation affect the economy as a whole and the...

The economic literature grants a great attention to bank performance analysis, expressed in terms of competition, concentration, efficiency, productivity and profitability. The main reason for this special attention is the central role of banks in financial intermediation. The efficiency and...

In our study we investigate the impact of the European Union integration process on banks' efficiency and the convergence of cost efficiency across banking systems from Central and Eastern European countries from 2004 to 2010. We observe large differences in the level of cost efficiency between...