La Crisis Subprime Y Sus Efectos En La Eficiencia Del Sector Bancario Chileno (The Subprime Crisis and its Effects on the Efficiency of the Chilean Banking Sector)

Abstract

Spanish Abstract: Este trabajo mide los efectos de la crisis subprime en la producción de eficiencia y la eficiencia técnica de la banca chilena. Se aplica el método de fronteras estocásticas de producción a un panel de datos balanceados de 14 bancos que operaban en territorio chileno entre 2004 y 2015. Los principales resultados indican que durante la crisis la producción de eficiencia y la eficiencia técnica fueron menores que en los periodos anterior y posterior, con mayores diferencias respecto del periodo posterior.

English Abstract: The objective of the research is to measure the effects of the subprime crisis on the production of efficiency and on the technical efficiency of the banking industry in Chile. For this, stochastic frontier production function methodology was used for a balanced data panel that collected information from 14 banks operating in Chilean territory for the period 2004-2015. The main results of the investigation indicate that during the crisis period, the production of efficiency and technical efficiency of the banking industry is lower, finding more important differences with respect to the period after the crisis.

Note: Downloadable document is in Spanish.

Keywords: technical efficiency, banking industry, stochastic frontier production functions

JEL Classification: E44, O49