The paper presents and evaluates the experience of New Europe Countries with respect to foreign banks by looking into both first-order and second-order effects. After a brief descriptive amalysis of the role played by international competitors we investigate the firs-order effects comparing the performances of foreign and local institutions through a panel estimate of the determinants of banking profitability and cost efficiency. To analyse the second-order effects of foreign ownership we investigate international banks' growth strategies and investments in the region usung a microeconomic approach to gain insights into future market developments.
New Europe Banking: The Role of International Players / Papi, Luca; F., Mucci; D., Revoltella. - (2004), pp. 158-180.
New Europe Banking: The Role of International Players.
PAPI, LUCA;
2004-01-01
Abstract
The paper presents and evaluates the experience of New Europe Countries with respect to foreign banks by looking into both first-order and second-order effects. After a brief descriptive amalysis of the role played by international competitors we investigate the firs-order effects comparing the performances of foreign and local institutions through a panel estimate of the determinants of banking profitability and cost efficiency. To analyse the second-order effects of foreign ownership we investigate international banks' growth strategies and investments in the region usung a microeconomic approach to gain insights into future market developments.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
