KaydedilenlerDerginizi ekleyin

Dergiler / Reforma / 2026 / Volume: 2 Issue: 70

VARIATON OF BANKING COST EFFICIENCIES IN CENTRAL ASIA AND MONGOLIA

Dastan Aseinov(KYRGYZ - TURKISH MANAS UNIVERSITY)
Dergi
Reforma
Sayfa
—
Yayın Tarihi
2016-05-01
DOI
—
🏛️Bu makalenin bibliyografik verileri ve tam metin bağlantısı DergiPark üzerinden sağlanmıştır.
DergiPark Kaydı ↗
✨

Yapay Zeka Hızlı Bakış & Çıkarımlar

AI Insight
⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

Monopolization along with the relative abundance of financial resources accumulated through the export of natural resources and constraints on banking activity may lead to a situation described as “quiet life hypothesis”.

📌 3 Maddede Bu Makale

🎯
Amaç & Hipotez:In this paper we seek to investigate differences between banking cost efficiencies among commercial banks in Central Asian countries and Mongolia.
📊
Temel Bulgular & Veri:Cost efficiency scores estimations are based on transcendental logarithmic stochastic frontier panel data model proposed by Battese & Coelli (1995).
💡
Sonuç & Katkı:Monopolization along with the relative abundance of financial resources accumulated through the export of natural resources and constraints on banking activity may lead to a situation described as “quiet life hypothesis”.
🔬Tür:Modelleme & Sayısal Simülasyon
📍Kapsam:2007-2013 Verileri
⚙️Değişkenler:liberalization · frontier efficiency · banking

Özet

In this paper we seek to investigate differences between banking cost efficiencies among commercial banks in Central Asian countries and Mongolia. In analysis different approaches to liberalization and natural resources exporting characteristics of these countries have been focused as one of the main determinants for cost efficiency variation. Cost efficiency scores estimations are based on transcendental logarithmic stochastic frontier panel data model proposed by Battese & Coelli (1995). Dataset used in the study includes period of 2007-2013. Results indicate that less liberalization policy in the banking systems cause low intensity of competition, which in turn characterized by monopolization of banking sectors by large state owned banks. This tendency results in the low efficiency of commercial banks. Monopolization along with the relative abundance of financial resources accumulated through the export of natural resources and constraints on banking activity may lead to a situation described as “quiet life hypothesis”.

Abstract

In this paper we seek to investigate differences between banking cost efficiencies among commercial banks in Central Asian countries and Mongolia. In analysis different approaches to liberalization and natural resources exporting characteristics of these countries have been focused as one of the main determinants for cost efficiency variation. Cost efficiency scores estimations are based on transcendental logarithmic stochastic frontier panel data model proposed by Battese & Coelli (1995). Dataset used in the study includes period of 2007-2013. Results indicate that less liberalization policy in the banking systems cause low intensity of competition, which in turn characterized by monopolization of banking sectors by large state owned banks. This tendency results in the low efficiency of commercial banks. Monopolization along with the relative abundance of financial resources accumulated through the export of natural resources and constraints on banking activity may lead to a situation described as “quiet life hypothesis”

🔖

Bu Makaleye Atıf Yap

Aseinov, D. (2016). VARIATON OF BANKING COST EFFICIENCIES IN CENTRAL ASIA AND MONGOLIA. Reforma, Volume: 2 Issue: 70. https://ajindex.com/articles/1135242

📄 Tam Metin PDF Okuyucu

📄

PDF görüntüleyici hazırlanıyor...

Kaynakça (32)

  1. Aigner, D., Lovell, C. K., & Schmidt, P. (1977). Formulation and estimation of stochastic frontier production function models. Journal of Econometrics, 6(1), 21-37.
  2. Al-Jarrah, I. M., & Gharaibeh, H. (2009). The efficiency cost of market power in banking: a test of the “quiet life” and related hypotheses in the Jordan’s banking industry. Jordan: Investment Management and Financial Innovations.
  3. Asian Development Bank Institute (ADBI) (2014). Connecting Central Asia with Economic Centers. Kasumigaseki, Japan
  4. Barra, C., Bimonte, G., & Zotti, R. (2016). On the relationship among efficiency, capitalization and risk: does management matter in local banking market?. Applied Economics, 1-23.
  5. Battese, G. E., & Coelli, T. J. (1995). A model for technical inefficiency effects in a stochastic frontier production function for panel data. Empirical economics, 20(2), 325-332.
  6. Berger, A. N., & DeYoung, R. (1997). Problem loans and cost efficiency in commercial banks. Journal of Banking & Finance, 21(6), 849-870.
  7. Berger, A. N., & Mester, L. J. (1997). Efficiency and productivity change in the US commercial banking industry: A comparison of the 1980s and 1990s (No. 97-5).
  8. Bonin, J. P., Hasan, I., & Wachtel, P. (2005). Privatization matters: Bank efficiency in transition countries. Journal of Banking & Finance, 29(8), 2155-2178.
  9. Coleman, B.E., Goffe, V., Perolli, B., Usupova, M., Castillo, L.V., Holzhacker, H., Orlova, N., Sologoub, D., Frewer, G., Hacibedel, B. and Kappeler, A. (2012). Banking in the Eastern neighbours and Central Asia: Challenges and opportunities. Regional Studies and Roundtables, European Investment Bank (EIB).
  10. Djalilov, K., & Piesse, J. (2011). Financial development and growth in transition countries: A study of Central Asia. Emerging Markets Finance and Trade, 47(6), 4-23.
  11. Djalilov, K., & Piesse, J. (2014). The determinants of bank efficiency in Central Asia. Corporate Ownership and Control, 12(1), 656-670.
  12. Dowling, M., & Wignaraja, G. (2006). Mapping Future Prospects to 2015. Central Asia – Caucasus Institute, Silk Road Studies Program, A Joint Transatlantic Research and Policy Center,
  13. Di Patti, E. B., & Hardy, D. C. (2005). Financial sector liberalization, bank privatization, and efficiency: Evidence from Pakistan. Journal of Banking & Finance, 29(8), 2381-2406.
  14. Fiordelisi, F., Marques-Ibanez, D., & Molyneux, P. (2011). Efficiency and risk in European banking. Journal of Banking & Finance, 35(5), 1315-1326.
  15. Fries, S., & Taci, A. (2005). Cost efficiency of banks in transition: Evidence from 289 banks in 15 post-communist countries. Journal of Banking & Finance, 29(1), 55-81.
  16. Fiorentino, E., Karmann, A., & Koetter, M. (2006). The cost efficiency of German banks: a comparison of SFA and DEA. Available at SSRN 947340.
  17. Fleming, A., Bokros, L., & Votava, C. (Eds.). (2001). Financial transition in Europe and Central Asia: challenges of the new decade. World Bank Publications.
  18. Hasan, I., & Marton, K. (2003). Development and efficiency of the banking sector in a transitional economy: Hungarian experience. Journal of Banking & Finance, 27(12), 2249-2271.
  19. Hahm, H., & Yenier, D. (1998). Financial Sector Reforms ECONOMIC in Mongolia Development. World Bank, EDI Working Papers 18873
  20. Hicks, J. (1935): “The Theory of Monopoly.” Econometrica, 3, 1–20.
  21. IMF, (2014). The Caucasus and Central Asia: transitioning to emerging markets, Middle East and Central Asia Department, Washington
  22. IMF, (2015). Reginal Economic Outlook: Middle East and Central Asia., Washington
  23. Khalova, G.O., & Talmy, V. (1999). The Banking System and Monetary Policy in Turkmenistan. Russian & East European Finance and Trade, 35, 5, pp. 45-74
  24. Košak, M., & Zajc, P. (2006). Determinants of bank efficiency differences in the new EU member countries. Financial Stability Report, 29.
  25. Kraft, E., Hofler, R., & Payne, J. (2006). Privatization, foreign bank entry and bank efficiency in Croatia: a Fourier-flexible function stochastic cost frontier analysis. Applied Economics, 38(17), 2075-2088.
  26. Khongorzul, D. (2007). Mongolia and Central Asia in Transition. Ritsemeikan Asia Pacific, 3, pp. 117-149.
  27. OECD, (2011). Competitiveness and Private Sector Development Competitiveness and Private Sector Development: Central Asia 2011 Competitiveness Outlook: Competitiveness Outlook, OECD Publishing
  28. Pomfret, R. (2009). Central Asia and the Global Economic Crisis. EUCAM policy Brief No. 7, June 2009
  29. Pruteanu-Podpiera, A., Weill, L., & Schobert, F. (2007). Market Power and Efficiency in the Czech Banking Sector. CNB.
  30. Sealey, C. W., & Lindley, J. T. (1977). Inputs, outputs, and a theory of production and cost at depository financial institutions. The Journal of Finance, 32(4), 1251-1266.
  31. Shagdar, E. (2007). Neo-liberal ‘shock therapy’policy during the Mongolian economic transition (No. 0703e). ERINA discussion paper.
  32. Uyanik, T., & Segni, C. (2001). Evolution of the Banking Sector in Central Asia. Financial Transition in Europe and Central Asia: Challenges of the New Decade, 97.