The Evolution of Bulgarian Banks' Efficiency During the Twenties: A Dea Approach

Nikolay Nenovsky (), Martin Ivanov and Gergana Mihaylova-Borisova
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Martin Ivanov: Institute of History, Sofia

No 82, Working Papers from Bank of Greece

Abstract: This paper studies the dynamics of the bank efficiency in Bulgaria in the years 1923 and 1928. In the course of research several interdependencies were detected, related mainly to the reaction of different types of banks to the financial crisis and the financial stabilization. Official bank balance sheets were used as well as the profit and loss statements of 50 Bulgarian credit institutions. After their classification into subgroups different variations of DEA (data envelopment analysis), in particular the intermediation approach, were applied to the banks’ financial positions. The DEA overcomes several deficiencies in the traditional accounting measurement of bank efficiency, which has made it very popular in latest literature. To our knowledge this method has not been applied so far to historical data.

Keywords: Bulgarian monetary history; Banking system; Âanking efficiency; DEA modelling. (search for similar items in EconPapers)
JEL-codes: G21 N24 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2008-07
New Economics Papers: this item is included in nep-ban, nep-eff and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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