THE IMPACT OF THE 2008 GLOBAL CRISIS ON THE EFFICIENCY OF THE FINANCIAL SYSTEM
ct This study examines the impact of the 2008 Global Crisis on the efficiency of the financial institutions around the world. We focus on 203 countries and examine nine efficiency measures which include net interest margin, lendingdeposit spread, non-interest income, overhead costs, return on asse...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2021-10-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2021-05/10_Halil2.pdf |
| _version_ | 1797989062928236544 |
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| author | HALIL D. KAYA |
| author_facet | HALIL D. KAYA |
| author_sort | HALIL D. KAYA |
| collection | DOAJ |
| description | ct
This study examines the impact of the 2008 Global Crisis on the efficiency of the financial institutions around
the world. We focus on 203 countries and examine nine efficiency measures which include net interest margin, lendingdeposit spread, non-interest income, overhead costs, return on assets, return on equity, cost to income ratio, credit to
government and state-owned enterprises, and stock market turnover ratio. We document how each of these efficiency
measures had changed during the run-up to the crisis, during the crisis, and after the crisis. Our results show that,
during the run-up to the crisis, there was no sign of an upcoming crisis in terms of these efficiency measures. During
the crisis period, both return on assets and return on equity went down significantly. There was no change in the other
variables during this period. During the post-crisis period, we find that return on assets and return on equity continued
to go down. Also, cost to income ratio went up significantly post-crisis. On the other hand, credit to government and
state-owned enterprises went up significantly post-crisis. There was no significant change in the other variables. These
findings should help policymakers to devise strategies that would protect their country’s financial system.
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| first_indexed | 2024-04-11T08:14:16Z |
| format | Article |
| id | doaj.art-ea3784a2acf5491d8f1fc40bfd9e2eb9 |
| institution | Directory Open Access Journal |
| issn | 1844-7007 |
| language | English |
| last_indexed | 2024-04-11T08:14:16Z |
| publishDate | 2021-10-01 |
| publisher | Academica Brâncuşi |
| record_format | Article |
| series | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| spelling | doaj.art-ea3784a2acf5491d8f1fc40bfd9e2eb92022-12-22T04:35:15ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70072021-10-0158697THE IMPACT OF THE 2008 GLOBAL CRISIS ON THE EFFICIENCY OF THE FINANCIAL SYSTEMHALIL D. KAYA0NORTHEASTERN STATE UNIVERSITYct This study examines the impact of the 2008 Global Crisis on the efficiency of the financial institutions around the world. We focus on 203 countries and examine nine efficiency measures which include net interest margin, lendingdeposit spread, non-interest income, overhead costs, return on assets, return on equity, cost to income ratio, credit to government and state-owned enterprises, and stock market turnover ratio. We document how each of these efficiency measures had changed during the run-up to the crisis, during the crisis, and after the crisis. Our results show that, during the run-up to the crisis, there was no sign of an upcoming crisis in terms of these efficiency measures. During the crisis period, both return on assets and return on equity went down significantly. There was no change in the other variables during this period. During the post-crisis period, we find that return on assets and return on equity continued to go down. Also, cost to income ratio went up significantly post-crisis. On the other hand, credit to government and state-owned enterprises went up significantly post-crisis. There was no significant change in the other variables. These findings should help policymakers to devise strategies that would protect their country’s financial system. https://www.utgjiu.ro/revista/ec/pdf/2021-05/10_Halil2.pdffinancial systemefficiencyinterest margincreditturnover ratioglobal crisisfinancial crises |
| spellingShingle | HALIL D. KAYA THE IMPACT OF THE 2008 GLOBAL CRISIS ON THE EFFICIENCY OF THE FINANCIAL SYSTEM Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie financial system efficiency interest margin credit turnover ratio global crisis financial crises |
| title | THE IMPACT OF THE 2008 GLOBAL CRISIS ON THE EFFICIENCY OF THE FINANCIAL SYSTEM |
| title_full | THE IMPACT OF THE 2008 GLOBAL CRISIS ON THE EFFICIENCY OF THE FINANCIAL SYSTEM |
| title_fullStr | THE IMPACT OF THE 2008 GLOBAL CRISIS ON THE EFFICIENCY OF THE FINANCIAL SYSTEM |
| title_full_unstemmed | THE IMPACT OF THE 2008 GLOBAL CRISIS ON THE EFFICIENCY OF THE FINANCIAL SYSTEM |
| title_short | THE IMPACT OF THE 2008 GLOBAL CRISIS ON THE EFFICIENCY OF THE FINANCIAL SYSTEM |
| title_sort | impact of the 2008 global crisis on the efficiency of the financial system |
| topic | financial system efficiency interest margin credit turnover ratio global crisis financial crises |
| url | https://www.utgjiu.ro/revista/ec/pdf/2021-05/10_Halil2.pdf |
| work_keys_str_mv | AT halildkaya theimpactofthe2008globalcrisisontheefficiencyofthefinancialsystem AT halildkaya impactofthe2008globalcrisisontheefficiencyofthefinancialsystem |