Motivated by the theoretical prediction of the opportunistic behaviour of large banks that face expected public intervention, we test a <italic>full</italic> and a <italic>partial</italic> form of the too-big-to-fail (TBTF) hypothesis. The full form of the hypothesis implies the increase in the risk undertakings <italic>and</italic>...

The paper compares the efficiency of the European banking systems in view of the constitution of the European Monetary Union. Since competition among banks will increase, it is important to identify the most efficient banking system able to play a role in that market. A parametric approach is...

A nivel mundial se observa un aumento en la liberalización de los mercados nacionales de capital. Este trabajo se propone analizar la movilidad del capital entre los países que integran el acuerdo ASEAN (Asociación de Naciones Asiáticas Sudorientales) en orden a estudiar el rol desempeñado...

Abstract Constant Market Share Analysis (CMSA) is a method which decomposes the variation of market shares of any trader country. The more recent version is proposed by Fagerberg and Sollie (1985) that avoids some limits deriving from previously specifications. After explicating how CMSA works,...

One learns two main lessons from studying the great quantity of banking efficiency literature. These lessons regard the heterogeneity in results and the absence of a comprehensive review aimed at understanding the reasons for this variability. Surprisingly, although this issue is well-known, it...

The objective of this paper is to analyze the efficiency of the Italian Banking System over the period 2006-2010. By applying the Stochastic Frontier Approach (SFA) to a panel of 700 banks, the analysis is based on the joint estimation of a cost function and an efficiency equation (Battese and...

Are Information and Communication Technology (ICT) and Research & Development (R&D) inputs or efficiency determinants? This is the topic of the paper which is developed by analysing a sample of 2691 Italian manufacturing firms over the period 2007-2009. The empirical setting is based on a...

This study evaluates the cost and the profit efficiency of Italian banking sector over the period 2006-2011. Translog stochastic frontiers are used for this purpose. Following the intermediation approach, efficiency scores are computed from estimating a model with three inputs and three outputs....