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Regular version of the site

Working paper

Bank ownership and cost efficiency in Russia, revisited

Mamonov M. E., Vernikov A. V.
This paper adds to the literature on banking in transition with regard to the comparative efficiency of different bank groups. We conclude that, to prevent the distoring effect of currency and securities revaluations, a refined definition of bank revenue is proper in comparative bank efficiency computations for countries with substantial volatility in financial markets.