Eurozone bank productivity growth fell over last decade – ECB paper

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Total factor productivity growth at eurozone banks halved between 2006 and 2017, a working paper published by the European Central Bank finds.

In The cost-efficiency and productivity growth of euro area banks, Ivan Huljak, Reiner Martin and Diego Moccero use data on banks in 17 eurozone countries between 2006 and 2017.

The authors use an industrial organisation approach to quantify the total factor productivity growth for eurozone banks after the global financial crisis. They attempt to break

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