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| Author | : Cevdet Denizer |
| Publisher | : World Bank Publications |
| Total Pages | : 64 |
| Release | : 2000 |
| Genre | : Banks and banking |
| ISBN | : |
Banking efficiency in Turkey was expected to improve after liberalization. Instead, it declined, perhaps because of increasing macroeconomic instability.
| Author | : John Williamson |
| Publisher | : Princeton University International Finance Section, Department of Econmics |
| Total Pages | : 86 |
| Release | : 1998 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Ali Ataullah |
| Publisher | : |
| Total Pages | : |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
This paper provides a comparative analysis of evolution of technical efficiency in commercial banking industry in India and Pakistan during 1988-1998, a period characterised by far-reaching changes in financial sector brought about by financial liberalisation. Data Envelopment Analysis is applied to two alternative input-output specifications to measure technical efficiency, and to decompose technical efficiency into its two components, pure technical efficiency and scale efficiency. We also check the consistency of our estimated efficiency scores by examining their relationship with three traditional non-frontier measures of bank performance. In addition, we examine the relationship between bank size and technical efficiency. Our main findings are: (1) technical efficiency of overall commercial banking industry improved in both the countries; (2) public sector banks in India witnessed improvement in both pure technical efficiency and scale efficiency, (3) public sector banks in Pakistan witnessed improvement in scale efficiency only; (4) pure technical efficiency and scale efficiency of private sector banks, foreign and domestic, in both the countries improved after liberalisation; (5) due to high non-performing loans, banks are more efficient in generating loans and advances than in generating income from these assets, and (6) importance of size has declined after the implementation of financial liberalisation.
| Author | : Nanne Praamstra |
| Publisher | : LAP Lambert Academic Publishing |
| Total Pages | : 60 |
| Release | : 2012-02 |
| Genre | : |
| ISBN | : 9783848410354 |
This work investigates the effect of the financial liberalization programs of the 1990s on bank efficiency in transition economies for the period 1993-2005. Using data from nearly 6000 bank/year combinations for 16 countries, individual bank efficiency scores are computed, which are then aggregated to obtain a national efficiency score for each country per year. These calculations are performed using a non-parametric input-orientated frontier analysis with constant returns to scale. Strong evidence is found that suggests financial deregulation programs have a positive influence on the efficiency of banks. Within these liberalization programs, banking regulations and policies on securities markets seem to have the strongest positive effect, while credit controls negatively influence bank efficiency. Inspired by Ernestine Numan.
| Author | : Ms.Petya Koeva Brooks |
| Publisher | : International Monetary Fund |
| Total Pages | : 34 |
| Release | : 2003-07-01 |
| Genre | : Business & Economics |
| ISBN | : 1451856989 |
This paper provides new empirical evidence on the impact of financial liberalization on the performance of Indian commercial banks. The analysis focuses on examining the behavior and determinants of bank intermediation costs and profitability during the liberalization period. The empirical results suggest that ownership type has a significant effect on some performance indicators and that the observed increase in competition during financial liberalization has been associated with lower intermediation costs and profitability of the Indian banks.
| Author | : P. Arestis |
| Publisher | : Springer |
| Total Pages | : 231 |
| Release | : 2008-07-24 |
| Genre | : Business & Economics |
| ISBN | : 0230227740 |
This book discusses the relationship between financial liberalization, financial deepening and economic performance from both a theoretical and a policy perspective, comparing several 'big' emerging countries: Argentina, Brazil, China, India, Russia, South Africa and India, amongst others.
| Author | : Cevdet Denizer |
| Publisher | : World Bank Publications |
| Total Pages | : 60 |
| Release | : 1997 |
| Genre | : Banks and banking |
| ISBN | : |
| Author | : Cevdet Denizer |
| Publisher | : |
| Total Pages | : 58 |
| Release | : 2016 |
| Genre | : |
| ISBN | : |
Banking efficiency in Turkey was expected to improve after liberalization. Instead, it declined, perhaps because of increasing macroeconomic instability.Denizer, Dinc, and Tarimcilar examine banking efficiency before and after liberalization, drawing on Turkey's experience. They also investigate the scale effect on efficiency by type of ownership.Their findings suggest that liberalization programs were followed by an observable decline in efficiency, not an improvement. During the study period Turkish banks did not operate at the optimum scale.Another unexpected result was that efficiency was no different between state-owned and privately owned banks. Banks that were privately owned or foreign owned had been expected to respond better to liberalization, because they were smaller and more dynamically structured, but they were no more efficient than state-owned banks.One reason for the systemwide decline in efficiency might have been the general increase in macroeconomic instability during the period studied.This paper - a joint product of the Poverty Reduction and Economic Management Sector Unit, Europe and Central Asia Region, and the Development Data Group - is part of a larger effort in the Bank to understand banking efficiency after financial liberalization in Europe and Central Asia. The authors may be contacted at [email protected], mdinc@worldbankorg or [email protected].
| Author | : Asli Demirgüç-Kunt |
| Publisher | : World Bank Publications |
| Total Pages | : 53 |
| Release | : 1998-06-01 |
| Genre | : Bancos |
| ISBN | : |
A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant institutional characteristics. the data also show that, after liberalization, financially repressed countries tend to have improved financial development even if they experience a banking crisis. This is not true for financially restrained countries. This paper’s results support a cautious approach to financial liberalization where institutions are weak, even if macroeconomic stabilization has been achieved.
| Author | : Mrs.Poonam Gupta |
| Publisher | : International Monetary Fund |
| Total Pages | : 46 |
| Release | : 2011-03-01 |
| Genre | : Business & Economics |
| ISBN | : 1455218928 |
Do financial sector reforms necessarily result in expansion of credit to the private sector? How does bank ownership affect the availability of credit to the private sector? Empirical evidence is somewhat mixed on these issues. We use the Indian experience with liberalization of the financial sector to inform this debate. Using bank-level data from 1991-2007, we ask whether public and private banks deployed resources freed up by reduced state preemption to increase credit to the private sector. We find that even after liberalization, public banks allocated a larger share of their assets to government securities than did private banks. Crucially, we also find that public banks were more responsive in allocating relatively more resources to finance the fiscal deficit even during periods when state pre-emption (measured in terms of the requirement to hold government securities as a share of assets) formally declined. These findings suggest that in developing countries, where alternative channels of financing may be limited, government ownership of banks, combined with high fiscal deficits, may limit the gains from financial liberalization.
