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Financial Sanctions and Iranian Banks' Performance

Sajjad Faraji Dizaji ()
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Sajjad Faraji Dizaji : Department of Economics, Tarbiat Modarres University

Journal of Money and Economy, 2013, vol. 8, issue 4, 99-136

Abstract: In this study, we use Stochastic Frontier analysis approach to estimate cost efficiency, economies of scale, and technological progress among Iranian banks from 1999 to 2012. The results show that there is a marked difference in cost efficiency before and after the recent financial sanctions against Iranian banking industry. Moreover, the results indicate that specialized government-owned banks are less efficient than commercial government owned banks and non-government owned banks after the imposed financial sanctions. Furthermore, we could not find a logical relationship between cost efficiency and Iranian banks' size. Cost reductions attributed to technological progress and economies of scale were greater prior to recent financial sanctions.

Keywords: Cost efficiency; Technological progress; Banking; Sanctions; Iran (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2013
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