| Revista: | Journal of applied economics |
| Base de datos: | CLASE |
| Número de sistema: | 000430454 |
| ISSN: | 1667-6726 |
| Autores: | Kasman, Adnan1 Carvallo, Oscar2 |
| Instituciones: | 1Dokuz Eylul University, Izmir. Turquía 2Banco Central de Venezuela, Caracas, Distrito Federal. Venezuela |
| Año: | 2014 |
| Periodo: | Nov |
| Volumen: | 17 |
| Número: | 2 |
| Paginación: | 301-324 |
| País: | Argentina |
| Idioma: | Inglés |
| Tipo de documento: | Artículo |
| Enfoque: | Aplicado |
| Resumen en inglés | Using a sample of 272 commercial banks from fifteen Latin American countries for the period 2001-2008, we estimate cost and revenue efficiency scores, financial stability scores (Z-scores) and competition scores (Lerner indexes and Boone indicators) at the bank level. The Granger causality technique in dynamic panels is used to establish dynamic relationships among these variables. We find evidence that strongly supports the “quite life” hypothesis, while we also find partial support for causality running in the opposite direction. Moreover, the results suggest that more competition is conducive to greater financial stability (when the revenue efficiency score is used). Banks seem to achieve market power through better efficiency, leverage and earning ability. As size and complexity increase, however, agency problems and increasing risk-taking might start gaining momentum, generating inefficiency and fragility |
| Disciplinas: | Economía |
| Palabras clave: | Banca, Economía descriptiva, Condiciones económicas, Banca comercial, Eficiencia económica, Estabilidad financiera, Competencia económica, América Latina, Caribe |
| Texto completo: | Texto completo (Ver PDF) |
