메뉴 건너뛰기




Volumn 27, Issue 12, 2003, Pages 2249-2271

Development and efficiency of the banking sector in a transitional economy: Hungarian experience

Author keywords

Banking sector; Efficiency; Hungary; Transitional economy

Indexed keywords


EID: 0142118655     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0378-4266(02)00328-X     Document Type: Article
Times cited : (308)

References (71)
  • 1
    • 0001910177 scopus 로고    scopus 로고
    • Bank privatization in Poland: The case of Bank Slaski
    • Abarbanell J. Bonin J. Bank privatization in Poland: The case of Bank Slaski Journal of Comparative Economics 25 1 1997 34-51
    • (1997) Journal of Comparative Economics , vol.25 , Issue.1 , pp. 34-51
    • Abarbanell, J.1    Bonin, J.2
  • 3
    • 0040038818 scopus 로고
    • Financial sector reform in the economies of transition: On the way to privatizing commercial banks
    • J. P. Bonin, I. Szekely (Eds.), Cheltenham: Edward Elgar
    • Abel I. Bonin J. Financial sector reform in the economies of transition: On the way to privatizing commercial banks In: Bonin J.P. Szekely I. (Eds.), The Development and Reform of Financial Systems in Central and Eastern Europe 1994 Edward Elgar Cheltenham
    • (1994) The Development and Reform of Financial Systems in Central and Eastern Europe
    • Abel, I.1    Bonin, J.2
  • 4
    • 49449120922 scopus 로고
    • Formulation and estimation of stochastic frontier production function models
    • Aigner D.J. Lovell C.A. Schmidt P. Formulation and estimation of stochastic frontier production function models Journal of Econometrics 6 1977 21-37
    • (1977) Journal of Econometrics , vol.6 , pp. 21-37
    • Aigner, D.J.1    Lovell, C.A.2    Schmidt, P.3
  • 6
    • 0041685046 scopus 로고    scopus 로고
    • Commercial banks and corporate governance in the Czech Republic and Hungary
    • Barlett D. Commercial banks and corporate governance in the Czech Republic and Hungary Post Soviet Geography and Economics 37 8 1996 503-510
    • (1996) Post Soviet Geography and Economics , vol.37 , Issue.8 , pp. 503-510
    • Barlett, D.1
  • 7
    • 44949289174 scopus 로고
    • Recent developments in the econometric estimation of frontiers
    • Bauer P.W. Recent developments in the econometric estimation of frontiers Journal of Econometrics 46 1990 39-56
    • (1990) Journal of Econometrics , vol.46 , pp. 39-56
    • Bauer, P.W.1
  • 8
    • 34250079083 scopus 로고
    • Distribution-free estimates of efficiency in the US banking industry and tests of the standard distributional assumptions
    • Berger A.N. Distribution-free estimates of efficiency in the US banking industry and tests of the standard distributional assumptions Journal of Productivity Analysis 4 1993 261-292
    • (1993) Journal of Productivity Analysis , vol.4 , pp. 261-292
    • Berger, A.N.1
  • 9
    • 0031161387 scopus 로고    scopus 로고
    • Problem loans and cost efficiency in commercial banks
    • Berger A. DeYoung R. Problem loans and cost efficiency in commercial banks Journal of Banking and Finance 21 1997 919-944
    • (1997) Journal of Banking and Finance , vol.21 , pp. 919-944
    • Berger, A.1    DeYoung, R.2
  • 10
    • 0000786043 scopus 로고    scopus 로고
    • Efficiency of financial institutions: International survey and directions of future research
    • Berger A.N. Humphrey D.B. Efficiency of financial institutions: International survey and directions of future research European Journal of Operational Research 98 1997 175-212
    • (1997) European Journal of Operational Research , vol.98 , pp. 175-212
    • Berger, A.N.1    Humphrey, D.B.2
  • 12
    • 0000572904 scopus 로고
    • The efficiency of financial institutions: A review and preview of research past, present, and future
    • Berger A.N. Hunter W.C. Timme S.G. The efficiency of financial institutions: A review and preview of research past, present, and future Journal of Banking Finance 17 2-3 1993 221-250
    • (1993) Journal of Banking Finance , vol.17 , Issue.2-3 , pp. 221-250
    • Berger, A.N.1    Hunter, W.C.2    Timme, S.G.3
  • 13
  • 14
    • 0030295075 scopus 로고    scopus 로고
    • Do consumers pay for one-stop banking? Evidence from an alternative revenue function
    • Berger A.N. Humphrey D.B. Pulley L.B. Do consumers pay for one-stop banking? Evidence from an alternative revenue function Journal of Banking and Finance 20 1996 1601-1625
    • (1996) Journal of Banking and Finance , vol.20 , pp. 1601-1625
    • Berger, A.N.1    Humphrey, D.B.2    Pulley, L.B.3
  • 15
    • 0041111122 scopus 로고    scopus 로고
    • The coexistence of multiple distribution systems for financial services: The case of property-liability insurance
    • Berger A.N. Cummins D.J. Weiss M.A. The coexistence of multiple distribution systems for financial services: The case of property-liability insurance Journal of Business 70 1997 515-546
    • (1997) Journal of Business , vol.70 , pp. 515-546
    • Berger, A.N.1    Cummins, D.J.2    Weiss, M.A.3
  • 16
    • 0031185036 scopus 로고    scopus 로고
    • Inside the black box: What explains differences in the efficiencies of financial institutions?
    • Berger A.N. Mester L.J. Inside the black box: What explains differences in the efficiencies of financial institutions? Journal of Banking and Finance 21 1997 895-947
    • (1997) Journal of Banking and Finance , vol.21 , pp. 895-947
    • Berger, A.N.1    Mester, L.J.2
  • 17
    • 0012872372 scopus 로고    scopus 로고
    • Retail banking in Hungary: A foreign affair?
    • Working Paper, Budapest University and Wesleyan University
    • Bonin J.P. Istvan A. 2000 Retail banking in Hungary: A foreign affair? Working Paper, Budapest University and Wesleyan University
    • (2000)
    • Bonin, J.P.1    Istvan, A.2
  • 18
    • 0030215535 scopus 로고    scopus 로고
    • Polish bank consolidation and foreign competition: Creating a market-oriented banking system
    • Bonin J. Leven B. Polish bank consolidation and foreign competition: Creating a market-oriented banking system Journal of Comparative Economics 23 1 1996 52-72
    • (1996) Journal of Comparative Economics , vol.23 , Issue.1 , pp. 52-72
    • Bonin, J.1    Leven, B.2
  • 19
    • 38249001872 scopus 로고
    • Financial structure and reform in Central and Eastern Europe in the 1980s
    • Catte P. Mastropasqua C. Financial structure and reform in Central and Eastern Europe in the 1980s Journal of Banking and Finance 17 1993 785-817
    • (1993) Journal of Banking and Finance , vol.17 , pp. 785-817
    • Catte, P.1    Mastropasqua, C.2
  • 22
    • 0142014060 scopus 로고
    • The Hungarian financial sector
    • World Economics Institute, Budapest, Mimeo. (in Hungarian)
    • Csaki A. 1993 The Hungarian financial sector. World Economics Institute, Budapest, Mimeo. (in Hungarian)
    • (1993)
    • Csaki, A.1
  • 23
    • 0002265371 scopus 로고    scopus 로고
    • Financial liberalization and financial fragility
    • J. Stiglitz, B. Pleskovic (Eds.), Washington, DC, April 20-21
    • Demirguc-Kunt A. Detragiache E. Financial liberalization and financial fragility In: Stiglitz J. Pleskovic B. (Eds.), Annual World Bank Conference on Development Economics, Washington, DC, April 20-21 1998 1-48
    • (1998) Annual World Bank Conference on Development Economics , pp. 1-48
    • Demirguc-Kunt, A.1    Detragiache, E.2
  • 24
    • 0000110390 scopus 로고    scopus 로고
    • The performance of Denovo commercial banks: A profit efficiency approach
    • DeYoung R. Hasan I. The performance of Denovo commercial banks: A profit efficiency approach Journal of Banking and Finance 22 1998 565-587
    • (1998) Journal of Banking and Finance , vol.22 , pp. 565-587
    • DeYoung, R.1    Hasan, I.2
  • 25
    • 0040456893 scopus 로고    scopus 로고
    • Foreign-owned banks in the US: Earning market share or buying it?
    • DeYoung R. Nolle D.E. Foreign-owned banks in the US: Earning market share or buying it? Journal of Money, Credit, and Banking 28 1998 622-636
    • (1998) Journal of Money, Credit, and Banking , vol.28 , pp. 622-636
    • DeYoung, R.1    Nolle, D.E.2
  • 26
    • 0041834070 scopus 로고    scopus 로고
    • Financial reform and the efficiency of intermediation: Banking performance in Hungary
    • Working Papers, Institute of Social Studies, The Hague, The Netherlands
    • Dijkstra A.G. 1996 Financial reform and the efficiency of intermediation: Banking performance in Hungary. Working Papers, Institute of Social Studies, The Hague, The Netherlands
    • (1996)
    • Dijkstra, A.G.1
  • 28
    • 0142077798 scopus 로고    scopus 로고
    • EBRD - European Bank for Reconstruction and Development, Transition Report, London, various issues
    • EBRD - European Bank for Reconstruction and Development, Transition Report, London, various issues
  • 29
    • 0039835559 scopus 로고    scopus 로고
    • Banking in transition economies: Does efficiency require instability?
    • Gorton G. Winton A. Banking in transition economies: Does efficiency require instability? Journal of Money, Credit, and Banking 30 1998 621-650
    • (1998) Journal of Money, Credit, and Banking , vol.30 , pp. 621-650
    • Gorton, G.1    Winton, A.2
  • 30
    • 0003158026 scopus 로고
    • The multinational bank: A financial MNC?
    • Gray P. Gray J. The multinational bank: A financial MNC? Journal of Banking and Finance 5 1 1981 33-63
    • (1981) Journal of Banking and Finance , vol.5 , Issue.1 , pp. 33-63
    • Gray, P.1    Gray, J.2
  • 31
    • 0003584886 scopus 로고    scopus 로고
    • Winds of Change. Economic Transition in Central and Eastern Europe
    • London: Longman
    • Gros A. Steinherr A. Winds of Change. Economic Transition in Central and Eastern Europe 1997 Longman London
    • (1997)
    • Gros, A.1    Steinherr, A.2
  • 32
    • 0000942630 scopus 로고
    • Foreign bank activity in the United States: An analysis by country of origin
    • Grosse R. Goldberg L. Foreign bank activity in the United States: An analysis by country of origin Journal of Banking and Finance 15 6 1991 1093-1120
    • (1991) Journal of Banking and Finance , vol.15 , Issue.6 , pp. 1093-1120
    • Grosse, R.1    Goldberg, L.2
  • 33
    • 0000682720 scopus 로고    scopus 로고
    • Efficiency of Japanese multinational banks in the United States
    • Hasan I. Hunter W.C. Efficiency of Japanese multinational banks in the United States Research in Finance 14 1996 157-173
    • (1996) Research in Finance , vol.14 , pp. 157-173
    • Hasan, I.1    Hunter, W.C.2
  • 34
    • 0042213481 scopus 로고
    • An analysis of the foreign and domestic balance sheet strategies US of banks and their association to profitability performance
    • Haslem J.A. Scheraga C.A. Bedingfield J.A. An analysis of the foreign and domestic balance sheet strategies US of banks and their association to profitability performance Management International Review 32 1992 55-75
    • (1992) Management International Review , vol.32 , pp. 55-75
    • Haslem, J.A.1    Scheraga, C.A.2    Bedingfield, J.A.3
  • 35
    • 0142077797 scopus 로고    scopus 로고
    • Capital Markets in Central and Eastern Europe, Cheltenham UK and Northampton
    • MA, USA: Edward Elgar Publishing Ltd
    • Helmenstein C. Capital Markets in Central and Eastern Europe, Cheltenham UK and Northampton 1999 Edward Elgar Publishing Ltd. MA, USA
    • (1999)
    • Helmenstein, C.1
  • 36
    • 0041412985 scopus 로고    scopus 로고
    • Financial system development in transition economies
    • Hermes N. Lensink R. Financial system development in transition economies Journal of Banking and Finance 24 4 2000 507-524
    • (2000) Journal of Banking and Finance , vol.24 , Issue.4 , pp. 507-524
    • Hermes, N.1    Lensink, R.2
  • 37
    • 0011401165 scopus 로고
    • Free enterprise and central banking in formerly communist countries
    • May-June
    • Hetzel R.L. Free enterprise and central banking in formerly communist countries Economic Review, Federal Reserve Bank of Richmond 76 May-June 1990 1-19
    • (1990) Economic Review, Federal Reserve Bank of Richmond , vol.76 , pp. 1-19
    • Hetzel, R.L.1
  • 39
    • 0031540249 scopus 로고    scopus 로고
    • Bank's responses to deregulation: Profits, technology, and efficiency
    • Humphrey D. Pulley L. Bank's responses to deregulation: Profits, technology, and efficiency Journal of Money, Credit, and Banking 29 1997 73-93
    • (1997) Journal of Money, Credit, and Banking , vol.29 , pp. 73-93
    • Humphrey, D.1    Pulley, L.2
  • 41
    • 0142109380 scopus 로고
    • Banking reform and the transition to a market economy in Bulgaria: Problems and prospects
    • Hunter W.C. Banking reform and the transition to a market economy in Bulgaria: Problems and prospects Economic Review, Federal Reserve Bank of Atlanta 78 1993 15-22
    • (1993) Economic Review, Federal Reserve Bank of Atlanta , vol.78 , pp. 15-22
    • Hunter, W.C.1
  • 42
    • 0142045903 scopus 로고    scopus 로고
    • Banking in transition - The case of Poland, Hungary, and the Czech Republic
    • Working Paper, University of Hull, UK
    • Jelic R. Mallin C. 1997 Banking in transition - The case of Poland, Hungary, and the Czech Republic. Working Paper, University of Hull, UK
    • (1997)
    • Jelic, R.1    Mallin, C.2
  • 43
    • 49049139741 scopus 로고
    • On the estimation of technical inefficiency in the stochastic frontier production function model
    • Jondrow J. Lovell C.A. Materov I.S. Schmidt P. On the estimation of technical inefficiency in the stochastic frontier production function model Journal of Econometrics 19 2-3 1982 233-238
    • (1982) Journal of Econometrics , vol.19 , Issue.2-3 , pp. 233-238
    • Jondrow, J.1    Lovell, C.A.2    Materov, I.S.3    Schmidt, P.4
  • 44
    • 0032985407 scopus 로고    scopus 로고
    • Frontier production functions and technical efficiency measures
    • Kalirajan K.P. Shand R.T. Frontier production functions and technical efficiency measures Journal of Economic Surveys 13 1999 149-172
    • (1999) Journal of Economic Surveys , vol.13 , pp. 149-172
    • Kalirajan, K.P.1    Shand, R.T.2
  • 45
    • 0038856977 scopus 로고    scopus 로고
    • Bank efficiency in Croatia: A stochastic-frontier analysis
    • Kraft E. Tirtiroglu D. Bank efficiency in Croatia: A stochastic-frontier analysis Journal of Comparative Economics 26 1998 282-300
    • (1998) Journal of Comparative Economics , vol.26 , pp. 282-300
    • Kraft, E.1    Tirtiroglu, D.2
  • 48
    • 0142014059 scopus 로고
    • Corporate governance, banks, and fiscal reform in Russia
    • T. Ito, A. Krueger (Eds.), Chicago and London: University of Chicago Press
    • Litwack D. Corporate governance, banks, and fiscal reform in Russia In: Ito T. Krueger A. (Eds.), Financial Deregulation and Integration in East Asia 1995 266-301 University of Chicago Press Chicago and London
    • (1995) Financial Deregulation and Integration in East Asia , pp. 266-301
    • Litwack, D.1
  • 50
    • 0000393874 scopus 로고
    • Financial control in the transition from classical socialism to a market economy
    • McKinnon R.I. Financial control in the transition from classical socialism to a market economy Journal of Economic Perspective 5 1991 107-122
    • (1991) Journal of Economic Perspective , vol.5 , pp. 107-122
    • McKinnon, R.I.1
  • 51
    • 0142109381 scopus 로고    scopus 로고
    • Financial intermediation in the transitional economies of Central and Eastern Europe
    • Working Paper, Florida Atlantic University
    • McNulty J.E. 1999 Financial intermediation in the transitional economies of Central and Eastern Europe. Working Paper, Florida Atlantic University
    • (1999)
    • McNulty, J.E.1
  • 52
    • 0030194370 scopus 로고    scopus 로고
    • A study of bank efficiency taking into account risk-preferences
    • Mester L.J. A study of bank efficiency taking into account risk-preferences Journal of Banking and Finance 20 1996 1025-1045
    • (1996) Journal of Banking and Finance , vol.20 , pp. 1025-1045
    • Mester, L.J.1
  • 53
    • 0008700124 scopus 로고    scopus 로고
    • Transactional structure of bank privatizations in Central Europe and Russia
    • Meyendorff A. Snyder E. Transactional structure of bank privatizations in Central Europe and Russia Journal of Comparative Economics 25 1997 5-30
    • (1997) Journal of Comparative Economics , vol.25 , pp. 5-30
    • Meyendorff, A.1    Snyder, E.2
  • 54
    • 0001260667 scopus 로고    scopus 로고
    • Economies of scale and scope at large commercial banks: Evidence from the Fourier flexible functional form
    • Mitchell K. Onruval N.M. Economies of scale and scope at large commercial banks: Evidence from the Fourier flexible functional form Journal of Money, Credit, and Banking 28 1996 178-199
    • (1996) Journal of Money, Credit, and Banking , vol.28 , pp. 178-199
    • Mitchell, K.1    Onruval, N.M.2
  • 57
    • 0142045913 scopus 로고    scopus 로고
    • National Bank of Hungary, Annual Report, Budapest, various issues
    • National Bank of Hungary, Annual Report, Budapest, various issues
  • 58
    • 43949170125 scopus 로고
    • Bank lending in transition economies
    • Perotti E. Bank lending in transition economies Journal of Banking and Finance 17 1993 1021-1032
    • (1993) Journal of Banking and Finance , vol.17 , pp. 1021-1032
    • Perotti, E.1
  • 59
    • 0142077796 scopus 로고    scopus 로고
    • The financial system in Russia compared to other transition economies: The Anglo-American versus the German-Japanese model
    • XXXXI Spring
    • Popov V. The financial system in Russia compared to other transition economies: The Anglo-American versus the German-Japanese model Comparative Economic Studies XXXXI Spring 1999 1-42
    • (1999) Comparative Economic Studies , pp. 1-42
    • Popov, V.1
  • 60
    • 21144465405 scopus 로고
    • The role of fixed costs and cost complementarities in determining scope economies and the cost of narrow banking proposals
    • Pulley B.L. Humphrey D.B. The role of fixed costs and cost complementarities in determining scope economies and the cost of narrow banking proposals Journal of Business 66 1993 437-461
    • (1993) Journal of Business , vol.66 , pp. 437-461
    • Pulley, B.L.1    Humphrey, D.B.2
  • 61
    • 0030118599 scopus 로고    scopus 로고
    • Comparative analysis of foreign and domestic bank operations in Hungary
    • Sabi M. Comparative analysis of foreign and domestic bank operations in Hungary Journal of Comparative Economics 22 1996 179-188
    • (1996) Journal of Comparative Economics , vol.22 , pp. 179-188
    • Sabi, M.1
  • 62
    • 0142045912 scopus 로고    scopus 로고
    • An overview of stabilization issues facing economies in transition
    • W. Woo, S. Parker, S. D. Sachs (Eds.), Cambridge, MA: The MIT Press
    • Sachs J. An overview of stabilization issues facing economies in transition In: Woo W. Parker S. Sachs S.D. (Eds.), Economies in Transition: Comparing Asia and Eastern Europe 1997 The MIT Press Cambridge, MA
    • (1997) Economies in Transition: Comparing Asia and Eastern Europe
    • Sachs, J.1
  • 64
    • 0142014056 scopus 로고    scopus 로고
    • Bank privatization in transitional economies: A general framework with application to Hungary's Magyar Kulkereskedelmi bank transaction
    • Summer
    • Schnatterly R. Kormendi E. Bank privatization in transitional economies: A general framework with application to Hungary's Magyar Kulkereskedelmi bank transaction Financier Summer 1998 1-28
    • (1998) Financier , pp. 1-28
    • Schnatterly, R.1    Kormendi, E.2
  • 65
    • 0041686576 scopus 로고    scopus 로고
    • Financial regulations and financial system architecture in Central Europe
    • Scholtens B. Financial regulations and financial system architecture in Central Europe Journal of Banking and Finance 24 4 2000 525-553
    • (2000) Journal of Banking and Finance , vol.24 , Issue.4 , pp. 525-553
    • Scholtens, B.1
  • 66
    • 49149143458 scopus 로고
    • Likelihood functions for generalized stochastic frontier estimation
    • Stevenson R.E. Likelihood functions for generalized stochastic frontier estimation Journal of Econometrics 13 1980 58-66
    • (1980) Journal of Econometrics , vol.13 , pp. 58-66
    • Stevenson, R.E.1
  • 67
    • 0000245375 scopus 로고    scopus 로고
    • How did bank holding companies prosper in the 1990s?
    • Stiroh K.J. How did bank holding companies prosper in the 1990s? Journal of Banking and Finance 24 2000 1703-1745
    • (2000) Journal of Banking and Finance , vol.24 , pp. 1703-1745
    • Stiroh, K.J.1
  • 68
    • 0011447814 scopus 로고
    • Central banking reforms in formerly planned economies
    • Sundarajan V. Central banking reforms in formerly planned economies Finance and Development 29 3 1992 21-38
    • (1992) Finance and Development , vol.29 , Issue.3 , pp. 21-38
    • Sundarajan, V.1
  • 69
    • 0142109382 scopus 로고
    • Introduction on banks and capital markets in former planned countries: Their role in establishing a market economy
    • Szego G.P. Introduction on banks and capital markets in former planned countries: Their role in establishing a market economy Journal of Banking and Finance 17 1993 773-783
    • (1993) Journal of Banking and Finance , vol.17 , pp. 773-783
    • Szego, G.P.1
  • 70
    • 20744434519 scopus 로고
    • Eastern Europes's experience with banking reform: Is there a role for banks in the transition
    • Thorne A. Eastern Europes's experience with banking reform: Is there a role for banks in the transition Journal of Banking and Finance 17 1993 959-1000
    • (1993) Journal of Banking and Finance , vol.17 , pp. 959-1000
    • Thorne, A.1
  • 71
    • 0004193790 scopus 로고    scopus 로고
    • From Plan to the Market
    • World Bank, Washington, DC
    • World Bank, 1996. From Plan to the Market, Washington, DC
    • (1996)


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.