SoleCRISTransition linkFrontpageTransition linkInstructionsTransition linkLogin Bank of Finland

A Peer-reviewed scientific articles/A1 Journal article (refereed), original research
      
This is the view page of publication. On this page you can view basic information of publication or go back on previous page using back-action on the bottom of the page. If you want to move to edit the information of publication, use the actions on the bottom of the page or continue using the system from menu.


Regional growth and finance in Europe: Is there a quality effect of bank efficiency?, Journal of Banking and Finance 8, (August) (2009). Hasan, Iftekhar; Koetter, Michael; Wedow, Michael


Category A Peer-reviewed scientific articles
Sub-category A1 Journal article (refereed), original research
auki Internal authors
All authors as text Hasan, Iftekhar; Koetter, Michael; Wedow, Michael 
Number of authors
Status Published
Year of publication 2009 
Date 11.03.2009 
Name of article Regional growth and finance in Europe: Is there a quality effect of bank efficiency? 
Name of journal Journal of Banking and Finance
Volume of issue 33 
Number of issue 8, (August) 
Pages 1446-1453 
Abstract In this study, we test whether regional growth in 11 European countries depends on financial development and suggest the use of cost- and profit-efficiency estimates as quality measures of financial institutions. Contrary to the usual quantitative proxies of financial development, the quality of financial institutions is measured in this study as the relative ability of banks to intermediate funds. An improvement in bank efficiency spurs five times more regional growth then an identical increase in credit does. More credit provided by efficient banks exerts an independent growth effect in addition to direct quantity and quality channel effects.
Free text descriptor in English Bank performance; Regional growth; Bank efficiency; Europe 
JEL-codes G21; O16; O47; O52 
ISSN / e-ISSN 0378-4266 
auki Internet addresses
Notes BoF DP 13/2009 


Related publications