Financial Sector Efficiency: Concepts, Measurement, Theoretical and Empirical Evidence

FINANCIAL MARKETS IN CENTRAL AND EASTERN EUROPE, M. Balling, F. Lierman, A. Mullineux, eds., pp. 61-98, Routledge, 2004

Posted: 19 Dec 2008

See all articles by Gerhard Fink

Gerhard Fink

Dept of International Business and Trade

Peter R. Haiss

WU Vienna University of Economics and Business; UniCredit Bank Austria; IES Vienna - Institute for the International Education of Students

Hans C. Mantler

Vienna University of Economics and Business - Research Institute for European Affairs (IEF)

Date Written: 2004

Abstract

We provide a decision-oriented literature review on (1) the perception of financial efficiency (in a macroeconomic sense) and its measurement (2) theoretical as well as empirical findings on the setup of efficient financial systems and (3) possible interaction between financial sector efficiency, instability and regulation. This contribution provides a basis for policy makers, market participants and other relevant institutions to be able to tap the financial sector's full growth enhancing potential. With regard to EU-enlargement this may be of special relevance to the accession countries in securing long-term growth and in speeding up real convergence to the EU. Additionally this paper identifies aspects in the financial efficiency debate that need more attention then hitherto given and therefore represents also a valuable guideline for future research.

Suggested Citation

Fink, Gerhard and Haiss, Peter R. and Mantler, Hans C., Financial Sector Efficiency: Concepts, Measurement, Theoretical and Empirical Evidence (2004). FINANCIAL MARKETS IN CENTRAL AND EASTERN EUROPE, M. Balling, F. Lierman, A. Mullineux, eds., pp. 61-98, Routledge, 2004, Available at SSRN: https://ssrn.com/abstract=1317619

Gerhard Fink

Dept of International Business and Trade ( email )

Welthandelsplatz 1, Building D1
Wien, 1020
Austria
+43/1/313364331 (Phone)

Peter R. Haiss (Contact Author)

WU Vienna University of Economics and Business ( email )

Institute for Production Management
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Vienna, A-1020
Austria
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UniCredit Bank Austria ( email )

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++43-(0)50505 89 44214 (Fax)

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IES Vienna - Institute for the International Education of Students

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Vienna, A-1010
Austria

Hans C. Mantler

Vienna University of Economics and Business - Research Institute for European Affairs (IEF) ( email )

Forschungsinstitut fuer Europafragen
Althanstrasse 39-45
A-1090 Vienna
Austria

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