This paper assesses and tests the response of banks operating in financial centers to the financial crisis by investigating the actual productivity change and its components — pure efficiency change, scale efficiency change and technological change (innovation). The heterogeneity in the...

This study analyses the impact of OBS on banking productivity growth using a sample of 752 banks from 87 countries to calculate their productivity growth between 1999 and 2006. Our international setting allows us to analyse differences on the performance on banking institutions among various...