Template-Type: ReDIF-Article 1.0

Author-Name: Péter Asztalos
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: asztalosp@mnb.hu

Author-Name: Gábor Horváth
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: horvathga@mnb.hu

Author-Name: Štefan Krakovský
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: krakovskys@mnb.hu

Author-Name: Tamás Tóth
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: tothtamas1@mnb.hu

Title: Resolving Conflicts in Measuring Banking System Competitiveness – 
MNB Banking System Competitiveness Index

Abstract: The competitiveness of a national economy structurally depends on the efficiency
and quality of financial intermediation, which is in a close relationship with
the competitiveness of the banking system. In our opinion, banking system
competitiveness can best be captured through the sustained supportive role of the
banking system in economic growth, which in practice is implemented through the
efficient allocation of financial resources. In the course of our research we developed
an index designed to measure the competitiveness of European banking systems
which, in our understanding, is the first of its kind. It models competitiveness from
two different or even conflicting perspectives – from the consumer and from the
investor side alike – and synthesizes the results received. Our analysis points out
that the Hungarian banking system lags significantly behind its peers with respect
to the price-setting of loans to households, digitalisation and operational efficiency,
and presents the sources of competitive advantage in national economies with
a competitive banking system in place.

Classification-JEL: E51, O40, E44
Keywords: finance, capital attractiveness, stability, growth, competitiveness
Pages: 5–31
Volume: 16
Issue: 3
Year: 2017
File-URL: http://english.hitelintezetiszemle.hu/letoltes/peter-asztalos-gabor-horvath-tefan-krakovsk-tamas-toth.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:16:y:2017:i:3:p:5-31