LEADER 00917nam a2200229 i 4500 001 991000668239707536 008 100401s2007 it 000 0 ita d 035 $ab13892678-39ule_inst 040 $aDip.to Filologia Class. e Scienze Filosofiche$bita 245 00$aEarly Christian identities =$bIdentità cristiane in formazione 246 31$aIdentità cristiane in formazione 260 $aBologna :$bedizioni Dehoniane, [2007] 300 $a262 p. ;$c22 cm 440 0$aAnnali di storia dell'esegesi ;$v24 (2007) 505 $aContiene riferimenti bibliografici 787 0 $tAnnali di storia dell'esegesi 907 $a.b13892678$b02-04-14$c01-04-10 912 $a991000668239707536 945 $aLE007 PER Ann. Esegesi 2007$g1$lle007$o-$pE0.00$q-$rn$s- $t0$u0$v0$w0$x0$y.i15103018$z01-04-10 996 $aEarly Christian identities$9224567 997 $aUNISALENTO 998 $ale007$b01-04-10$cm$da $e-$fita$git $h0$i0 LEADER 05156oam 22010814 450 001 9910961803703321 005 20250426110129.0 010 $a9786612843839 010 $a9781462399154 010 $a1462399150 010 $a9781452704661 010 $a145270466X 010 $a9781282843837 010 $a1282843834 010 $a9781451873177 010 $a1451873174 035 $a(CKB)3170000000055323 035 $a(EBL)1608399 035 $a(SSID)ssj0001475058 035 $a(PQKBManifestationID)11890019 035 $a(PQKBTitleCode)TC0001475058 035 $a(PQKBWorkID)11472632 035 $a(PQKB)11475031 035 $a(OCoLC)649487947 035 $a(MiAaPQ)EBC1608399 035 $a(IMF)WPIEE2009170 035 $a(IMF)WPIEA2009170 035 $aWPIEA2009170 035 $a(EXLCZ)993170000000055323 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aDoes Good Financial Performance Mean Good Financial Intermediation in China? /$fTarhan Feyzioglu 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a1 online resource (34 p.) 225 1 $aIMF Working Papers 300 $aDescription based upon print version of record. 311 08$a9781451917451 311 08$a1451917457 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction and Summary; II. Financial Performance of Chinese Banks; III. Bank Efficiency; A. Modeling Bank Efficiency; B. Estimation and Results; IV. Explaining Profitability; V. Conclusions; References 330 3 $aChinese banks generate large profits and have relatively low nonperforming loans. However, good financial performance does not, in itself, guarantee that banks efficiently intermediate the economy's financial resources. This paper first examines how efficient Chinese banks are in financial intermediation, using the stochastic production frontier approach. Quality of loans are controlled for by focusing on net loans and correcting for nonperforming loans; Hong Kong SAR banks are included in the sample to have a more universally representative production frontier. The results suggest that Chinese banks indeed became more efficient during 2001-07. Nevertheless, a majority of banks remain quite inefficient, including several large state owned banks and many city banks. Large banks tend to hoard deposits and operate beyond the point of diminishing returns to scale, while smaller banks operate at increasing returns to scale. This suggests that reallocating deposits from large to smaller banks would increase overall efficiency. The paper finds no significant correlation between bank efficiency and profitability. Possible factors leading to large profits in the banking system, despite wide-spread inefficiencies, are low deposit interest rates, large interest margins, and high market concentration. Moving to indirect monetary policy and deepening capital markets to channel some of the savings to productive investment would help improve the efficiency of financial intermediation. This may spur loan growth, however, which will need to be handled with monetary policy and regulatory/supervisory tools. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/170 606 $aBanks and banking$zChina 606 $aBank credit$2imf 606 $aBanking$2imf 606 $aBanks and Banking$2imf 606 $aBanks and banking$2imf 606 $aBanks$2imf 606 $aCommercial banks$2imf 606 $aCredit$2imf 606 $aDepository Institutions$2imf 606 $aFinance$2imf 606 $aIndustries: Financial Services$2imf 606 $aLoans$2imf 606 $aMicro Finance Institutions$2imf 606 $aMonetary economics$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aMoney and Monetary Policy$2imf 606 $aMortgages$2imf 606 $aNonperforming loans$2imf 607 $aChina$xEconomic conditions 607 $aChina, People's Republic of$2imf 615 0$aBanks and banking 615 7$aBank credit 615 7$aBanking 615 7$aBanks and Banking 615 7$aBanks and banking 615 7$aBanks 615 7$aCommercial banks 615 7$aCredit 615 7$aDepository Institutions 615 7$aFinance 615 7$aIndustries: Financial Services 615 7$aLoans 615 7$aMicro Finance Institutions 615 7$aMonetary economics 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aMoney and Monetary Policy 615 7$aMortgages 615 7$aNonperforming loans 676 $a332.1;332.1/532;332.1532 700 $aFeyzioglu$b Tarhan$01168803 712 02$aInternational Monetary Fund. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910961803703321 996 $aDoes Good Financial Performance Mean Good Financial Intermediation in China$94371772 997 $aUNINA