The Effects of Deregulation on the Performance of Financial Institutions: The Case of Spanish Savings Banks
研究放松管制对西班牙储蓄银行绩效的影响，发现技术效率下降但技术进步显著，生产率呈增长趋势。
This paper examines the impact of regulatory reform on the performance of Spanish savings banks. The focus is whether increased competition brought on by deregulation affected performance of banks over time. Output technical efficiency, which is defined in terms of the production possibility frontier, is also examined. Empirical results show declining levels of output technical efficiency along with a significantly high rate of technical progress. In spite of declining technical efficiency during this period, evidence of an increasing trend in productivity growth is found.