Inflation persistence during periods of structural change: an assessment using Greek data

Hondroyiannis, George; Λαζαρέτου, Σοφία

doi:10.1007/s10663-007-9043-2

Cited by 28 publications

(34 citation statements)

References 48 publications

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“…13 Theory suggests that increased exposure to credit risk is normally associated with decreased firm profitability and, hence, we expect a negative relationship between ROA (ROE) and PL. Banks would, therefore, improve profitability by improving screening and monitoring of credit risk and such policies involve the forecasting of future levels of risk.…”

Section: Bank-specific Profitability Determinantsmentioning

confidence: 88%

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Bank-specific, industry-specific and macroeconomic determinants of bank profitability

Athanasoglou¹,

Brissimis

Delis

2008

Journal of International Financial Markets, Institutions and Mo

1,457

207

1,447

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The aim of this study is to examine the effect of bank-specific, industry-specific and macroeconomic determinants of bank profitability, using an empirical framework that incorporates the traditional Structure-Conduct-Performance (SCP) hypothesis. To account for profit persistence, we apply a GMM technique to a panel of Greek banks that covers the period 1985-2001. The estimation results show that profitability persists to a moderate extent, indicating that departures from perfectly competitive market structures may not be that large. All bank-specific determinants, with the exception of size, affect bank profitability significantly in the anticipated way. However, no evidence is found in support of the SCP hypothesis. Finally, the business cycle has a positive, albeit asymmetric effect on bank profitability, being significant only in the upper phase of the cycle.

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Section: Bank-specific Profitability Determinantsmentioning

confidence: 88%

“…12 This model and the relaxation of its assumptions are comprehensively described in Berger (1995b). 13 Other ratios used to measure credit risk and/or liquidity risk (that produced inferior results) were loans/assets, loans/deposits and provisions/assets.…”

Section: Bank-specific Profitability Determinantsmentioning

confidence: 99%

Bank-specific, industry-specific and macroeconomic determinants of bank profitability

Athanasoglou¹,

Brissimis

Delis

2008

Journal of International Financial Markets, Institutions and Mo

1,457

207

1,447

View full text Add to dashboard Cite

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“…4 Differences in the dynamic relationship between core and headline inflation across a 1979 or early 1980s sample split have been identified by other authors as well: Blinder and Reis (2005), Ball andMazumder (2011), Clark (2001), Mishkin (2007), Rosengren (2011), Rich and Steindel (2005), and Smith (2005). 5 See also Benati (2008), Dossche and Everaert (2005), Hondroyiannis and Lazaretou (2004), Lansing (2009), Levin and Piger (2002), Leduc, Keith, andTom, 2007. See Fuhrer (2009) for a comprehensive review of the literature on inflation persistence.…”

Section: Introductionmentioning

confidence: 88%

The dynamic relationship between core and headline inflation

Gamber

Smith

Eftimoiu

2015

Journal of Economics and Business

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“…Some of the largest European banking institutions as well as the five largest Greek banks 13 and their plans to expand into that country.…”

Section: Eu Countries' Ownership In the See Countries' Banking Sectormentioning

confidence: 99%

Regional Integration Challenges in South East Europe: Banking Sector Trends

Stubos¹,

Tsikripis²

2007

Southeast European and Black Sea Studies

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This study reviews and evaluates a particular aspect of the institution building process in the transition countries of Southeast Europe. The focus is the development of the banking sector. It is argued that banking sector development plays an integral and pivotal role in the successful completion of the transition process. It functions as a very strong integrating force contributing to the broader institution building process and as a pillar of future growth and development in the new market environment of the Balkan economies. This study concentrates on three main issues. First, it undertakes a brief literature review of regional integration approaches in the Balkans. Second, it provides an overview of the most significant changes that have taken place in the banking sector. Third, it reviews some structural characteristics and performance indicators, all of which point to considerable advancements made in this sector in recent years. Empirical evidence is provided showing that a substantial harmonisation of ownership structures and performance indicators has been achieved in the banking sectors of these countries initiating a convergence process toward EU banking structures and functions. In this regard, this study complements the findings of other studies focusing on various sectors of economic activity, which clearly show that a de facto regional and, even more so, continental integration of the Southeast European countries is under way.

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Inflation persistence during periods of structural change: an assessment using Greek data

Cited by 28 publications

References 48 publications

Bank-specific, industry-specific and macroeconomic determinants of bank profitability

Bank-specific, industry-specific and macroeconomic determinants of bank profitability

The dynamic relationship between core and headline inflation

Regional Integration Challenges in South East Europe: Banking Sector Trends

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