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Giustiniani, A. Bank competition and efficiency in the FYR Macedonia [Text] [Текст] / A. Giustiniani, K. Ross // South-Eastern Europe Journal of Economics (SEEJE). – Thessaloniki : University of Macedonia Press, 2008. – Vol. 6, № 2. – P. 145-167.
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.
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