By F. Pasiouras
From a interval of development and significantly excessive degrees of profitability, Greek banks lately chanced on themselves struggling with an immense reduce famous within the neighborhood marketplace, and a rise in non-performing loans. How is the Greek banking procedure capable of live on the predicament? this is often mentioned via the final 15 years of the Greek banking procedure.
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Additional resources for Greek Banking: From the Pre—Euro Reforms to the Financial Crisis and Beyond
Example text
Using a sample from the period 1998–2007, Vergos and Christopoulos (2008) illustrate that the abnormal returns differ with bank ownership. More particularly, they find that the cumulative abnormal returns in the short run (0, 20 day) are positive when the target is a Greek bank, but negative when the target is a foreign bank. These results do not differ much when looking at longer periods. Liargovas and Repousis (2011) examine an overlapping period (1996–2009), but they follow both an event study approach and an operational performance approach.
Source: Based on data from the World Bank. 17 A closer look at the most recent World Bank Doing Business study shows that Greece improved its overall rank by just one position in 2012 (2012: 100 out of 183 economies, 2011: 101); however, it made significant progress in the starting a business component, improving its rank by 14 positions (2012: 135, 2011: 149). 16 EU-15 average USA Australia Canada Heritage economic freedom index, Greece and selected countries Source: Based on data from Heritage Foundation.
Data for 2001 are not available in the WB database. Source: Based on data from the World Bank. 17 A closer look at the most recent World Bank Doing Business study shows that Greece improved its overall rank by just one position in 2012 (2012: 100 out of 183 economies, 2011: 101); however, it made significant progress in the starting a business component, improving its rank by 14 positions (2012: 135, 2011: 149). 16 EU-15 average USA Australia Canada Heritage economic freedom index, Greece and selected countries Source: Based on data from Heritage Foundation.