VOLUME IX
|
SPRING 2001
|
OFF-BALANCE SHEET ACTIVITIES IN THE SPANISH BANKING SYSTEM
|
JUAN FERNANDEZ DE GUEVARA
Instituto Valenciano de Investigaciones Económicas |
This paper focuses on an activity that has received little attention in the banking literature, namely Off-Balance Sheet (OBS) activities. The main purpose of the paper is to test the sensitivity of profit efficiency measures when the OBS activities are included in the output definition. An important increase in the efficiency scores is be found when the definition of production is extended. Furthermore, the measures of efficiency are calculated taking into account the different specialisation of the institutions by grouping them in clusters.
|
Keywords: off-balance sheet activities, efficiency, specialisation, banks. JEL classification: G00, G21. |
TO DOWNLOAD THIS PAPER
|