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Bank Competition and Efficiency in the FYR Macedonia

Author

Listed:
  • Alessandro Giustiniani

    (International Monetary Fund)

  • Kevin Ross

    (International Monetary Fund)

Abstract

This paper assesses the degree of competition and relative efficiency of the FYR Macedonia's banking system - a sector which has undergone a substantial amount of change since the mid-1990s. In general, the results indicate that competition in the banking sector remains relatively weak and that improvements in bank efficiency have been limited to date. However, the presence of a small number of "pocket banks", which may pursue different objectives than those of standard banking businesses, suggest that these results should be interpreted with caution.

Suggested Citation

  • Alessandro Giustiniani & Kevin Ross, 2008. "Bank Competition and Efficiency in the FYR Macedonia," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 6(2), pages 145-167.
    • Handle: RePEc:seb:journl:v:6:y:2008:i:2:p:145-167
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    File URL: http://www.asecu.gr/Seeje/issue11/GIUSTINIANI_ROSS.pdf
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    References listed on IDEAS

    as
    1. International Monetary Fund, 2000. "Former Yugoslav Republic of Macedonia Banking Soundness and Recent Lessons," IMF Working Papers 2000/145, International Monetary Fund.
    2. Stijn Claessens & Luc Laeven, 2004. "What drives bank competition? Some international evidence," Proceedings, Federal Reserve Bank of Cleveland, pages 563-592.
    3. Berger, Allen N. & Humphrey, David B., 1997. "Efficiency of financial institutions: International survey and directions for future research," European Journal of Operational Research, Elsevier, vol. 98(2), pages 175-212, April.
    4. Jacob A. Bikker, 2004. "Competition and Efficiency in a Unified European Banking Market," Books, Edward Elgar Publishing, number 2830.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Nikolas Hourvouliades & Ljupco Davcev, 2014. "Banking concentration and developments in FYROM: A country in transition," Cogent Economics & Finance, Taylor & Francis Journals, vol. 2(1), pages 1-12, December.
    2. Ronald Kumar & Arvind Patel, 2014. "Exploring competitiveness in banking sector of a small island economy: a study of Fiji," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(6), pages 3169-3183, November.
    3. Sinha, Pankaj & Sharma, Sakshi & Ghosh, Sayan, 2015. "An empirical analysis of competition in the Indian Banking Sector in dynamic panel framework," MPRA Paper 68556, University Library of Munich, Germany, revised 28 Dec 2015.
    4. Bojat Milica & Rebić Mladen, 2020. "Degree of Concentration of the Banking Sector in B&H and the Impact on the Prices of Banking Products," Economic Themes, Sciendo, vol. 58(2), pages 219-234, June.
    5. Vesna Micajkova, 2015. "Determinants of Macedonian Banks Efficiency," International Journal of Empirical Finance, Research Academy of Social Sciences, vol. 4(2), pages 123-130.
    6. Noor Shazreen Mortadza & Rossazana Ab-Rahim, 2022. "Digital Cashless Payments and Economic Growth: Evidence from CPMI Countries," Capital Markets Review, Malaysian Finance Association, vol. 30(2), pages 91-106.
    7. Katerina Fotova Čiković & Ivana Martinčević & Joško Lozić, 2022. "Application of Data Envelopment Analysis (DEA) in the Selection of Sustainable Suppliers: A Review and Bibliometric Analysis," Sustainability, MDPI, vol. 14(11), pages 1-30, May.
    8. Mohammed, Nafisah & Muhammad, Junaina & ismail, abdul & Jauhari, Azmafazilah Binti, 2019. "Does Efficiency Matter for Competition? A Case of Dual Banking Industry," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 53(3), pages 163-177.

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    More about this item

    Keywords

    Panzar-Rosse; Malmquist; data envelopment analysis;
    All these keywords.

    JEL classification:

    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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