145-167

• Giustiniani, Alessandro
• Ross, Kevin

This paper assesses the degree of competition and relative efficiency of the FYR Macedonia’s banking system – a sector which has undergone a substantial amount of change since the mid-1990s. In general, the results indicate that competition in the banking sector remains relatively weak and that improvements in bank efficiency have been limited to date. However, the presence of a small number of “pocket banks”, which may pursue different objectives than those of standard banking businesses, suggest that these results should be interpreted with caution.

• Economics and Business
• Computer and information sciences

• Finance
• Statistics

Panzar-Rosse, Malmquist, data envelopment analysis

Περιέχει σημειώσεις, πίνακες και βιβλιογραφία, We are grateful to the editor and to a referee for useful comments. The views expressed in this paper are those of the authors and do not necessarily reflect those of the International Monetary Fund., JEL classification : C4, G21