DO EXCHANGE RATE REGIMES MATTER FOR BANK PERFORMANCE? THE CASE OF NON-EUROZONE EU MEMBERS

Iulian Ihnatov () and Bogdan Capraru
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Iulian Ihnatov: Alexandru Ioan Cuza University of Iaºi, Faculty of Economics and Business Administration, B-dul Carol 1 nr.22, Iaºi, Romania

Review of Economic and Business Studies, 2013, issue 12, 95-106

Abstract: This paper examines the effect of the exchange rate regimes on bank performance across 15 EU member countries outside the Eurozone for the period from 2001 to 2010. The period chosen allows the study of the regime relevance before and during the recent international financial crisis. The results suggest that the rigid exchange rate regimes may have a positive effect on the banks’ performance during the pre-adoption of the Euro. The adoption of the common currency should not determine a reversal of the performance effect. The results are not robust for all the performance measures employed. Moreover, the exchange rate regimes seem irrelevant for the bank performance during the financial turmoils.

Keywords: Banking; financial crisis; performance; Non-Eurozone countries (search for similar items in EconPapers)
JEL-codes: C14 G21 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:aic:revebs:y:2013:i:12:ihnatovi

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