Work detail

Impact of the Great Recession on the European banking sector: The stochastic frontier approach

Author: Bc. Josef Obořil
Year: 2012 - summer
Leaders: doc. PhDr. Zuzana Havránková Ph.D.
Consultants:
Work type: Bachelors
Language: English
Pages: 67
Awards and prizes:
Link:
Abstract: This thesis investigates the impact of the Great Recession on cost eficiency
of panel data of 4291 banks of the eurozone in the years 2003 - 2010, using the
stochastic frontier approach. The main finding is that recession in Europe
has a positive impact on cost eficiency; however, there was a decline already
connected with the outbreak of the Great Recession in the US. Secondly,
significant determinants of cost eficiency in the eurozone are total assets,
total business, interest margin, and equity, however its signi cance changes
over time. Moreover, there were significant diferences found in cost eficiency
among eurozone countries and among bank types and types of ownership.
Thirdly, through comparison to the Czech Republic we found that monetary
policy stabilizes the impact of the crisis on cost eciency. Finally, features of
most cost-eficient and least cost-eficient banks were documented. Result of
the investigation is that total business is the major diference between them.
Downloadable: Bachelor Theses of Oboril
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