By F. Pasiouras
From a interval of progress and significantly excessive degrees of profitability, Greek banks lately came upon themselves fighting an important reduce prominent within the neighborhood marketplace, and a rise in non-performing loans. How is the Greek banking approach in a position to live on the drawback? this is often mentioned by way of taking a look at the final 15 years of the Greek banking procedure.
Read or Download Greek Banking: From the Pre—Euro Reforms to the Financial Crisis and Beyond PDF
Similar investing books
I'm beginning as on OTC dealer on Wall road, and this booklet is really juvenile. What the ebook needed to supply used to be no longer even simple, and unnecessary. .. for instance, in analyzing the extent II monitor part, they inform you to monitor Goldman Sachs (GSCO), yet to be cautious, considering the the GSCO industry maker understands that many investors watch.
On may possibly 27, 2003, common electrical stocks closed at $27. forty two. the easy procedure printed during this awesome publication projected on that day excessive of $31. sixty six will be completed on June seventeenth. three weeks later, on June seventeenth, as projected, GE reached an intraday excessive of $31. sixty six. This excessive marked a major intermediate turning element which used to be now not handed for months.
The legislations and perform during this paintings is that at tenth] anuary 1978. to accomplish this paintings in Autumn 1977, as initially meant, was once most unlikely. largely, this has been as a result adjustments within the Finance Act 1977, a few of the mini budgets and the alternate regulate alterations, a lot of that are appropriate to the subject material of this paintings.
From a interval of development and significantly excessive degrees of profitability, Greek banks lately discovered themselves fighting an incredible reduce sought after within the neighborhood marketplace, and a rise in non-performing loans. How is the Greek banking method in a position to live to tell the tale the drawback? this can be mentioned through taking a look at the final 15 years of the Greek banking process.
- How to Invest in Structured Products: A Guide for Investors and Asset Managers (The Wiley Finance Series)
- Clash of cultures
- Markets in profile
- Kroll on Futures Trading Strategy
- Financial Management and Real Options
- Mastering Trading Stress: Strategies for Maximizing Performance
Extra resources for Greek Banking: From the Pre—Euro Reforms to the Financial Crisis and Beyond
3). Operating with an optimum branch network is crucial for Greek banks. On the one hand, branches offer the comparative advantage of proximity to customers, especially private individuals and small and medium-sized enterprises (SMEs). On the other hand, the maintenance of an extensive network is associated with higher operating costs. 5 The number of employees in Greece increased from 56,722 in 1997 to 65,673 in 2009, a percentage change of 16 per cent. With an average number of 1,000 employees per credit institution over the period 1997–2009, Greece stands second only to the UK (average: 1,137) within the EU-15.
The problem with the proposed strategy is that while the government has direct control over salaries and pensions, making it a relatively easy job, a true reform of revenue-related mechanisms requires considerable efforts. This probably explains why 26 Greek Banking progress, in terms of long-term reforms, can be described at best as minimal, despite various announcements and the adoption of new laws concerning social security, healthcare, the opening of closed-shop professions, etc. It should be mentioned here that while the global crisis has definitely influenced Greece’s fiscal performance and prospects, the problems were pre-existing and they were never appropriately addressed.
Lensink et al. (2008) conclude that well-developed institutions are important for the efficient operations of foreign banks. Further, they find that while ownership negatively affects bank efficiency, this negative effect is less pronounced in countries with good governance. They also find that higher quality of the institutions in the home country and higher similarity between home and host country institutional quality reduce foreign bank inefficiency. 14 The first indicator, voice and accountability, reveals the extent to which a country’s citizens are able to participate in selecting their government, as well as freedom of expression, freedom of association and free media.