Impacts of sovereign risk premium on bank profitability: Evidence from euro area
Author
Abstract
Suggested Citation
DOI: 10.1016/j.irfa.2022.102110
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Alberto M. Ramos, 1996. "Deposit insurance, bank capital structures and the demand for liquidity," Working Paper Series, Issues in Financial Regulation WP-96-8, Federal Reserve Bank of Chicago.
- Berger, Allen N. & Bouwman, Christa H.S., 2013. "How does capital affect bank performance during financial crises?," Journal of Financial Economics, Elsevier, vol. 109(1), pages 146-176.
- Demirguc, Asli & Huizinga, Harry, 1999.
"Determinants of Commercial Bank Interest Margins and Profitability: Some International Evidence,"
The World Bank Economic Review, World Bank, vol. 13(2), pages 379-408, May.
- Demirguc-Kunt, Asli & Huizinga, Harry, 1998. "Determinants of commercial bank interest margins and profitability : some international evidence," Policy Research Working Paper Series 1900, The World Bank.
- David Roodman, 2009.
"How to do xtabond2: An introduction to difference and system GMM in Stata,"
Stata Journal, StataCorp LP, vol. 9(1), pages 86-136, March.
- David Roodman, 2006. "How to Do xtabond2: An Introduction to "Difference" and "System" GMM in Stata," Working Papers 103, Center for Global Development.
- Jens H. E. Christensen & Glenn D. Rudebusch, 2016.
"Modeling Yields at the Zero Lower Bound: Are Shadow Rates the Solution?,"
Advances in Econometrics, in: Dynamic Factor Models, volume 35, pages 75-125,
Emerald Group Publishing Limited.
- Jens H. E. Christensen & Glenn D. Rudebusch, 2013. "Modeling Yields at the Zero Lower Bound: Are Shadow Rates the Solution?," Working Paper Series 2013-39, Federal Reserve Bank of San Francisco.
- Jose M. Berrospide, 2013. "Bank liquidity hoarding and the financial crisis: an empirical evaluation," Finance and Economics Discussion Series 2013-03, Board of Governors of the Federal Reserve System (U.S.).
- Pelizzon, Loriana & Subrahmanyam, Marti G. & Tomio, Davide & Uno, Jun, 2015. "Sovereign credit risk, liquidity, and ECB intervention: Deus ex machina?," SAFE Working Paper Series 95, Leibniz Institute for Financial Research SAFE.
- Piergiorgio Alessandri & Benjamin D. Nelson, 2015.
"Simple Banking: Profitability and the Yield Curve,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(1), pages 143-175, February.
- Alessandri, Piergiorgio & Nelson, Benjamin, 2012. "Simple banking: profitability and the yield curve," Bank of England working papers 452, Bank of England.
- Piergiorgio Alessandri & Benjamin Nelson, 2014. "Simple banking: profitability and the yield curve," Temi di discussione (Economic working papers) 945, Bank of Italy, Economic Research and International Relations Area.
- Poghosyan, Tigran, 2013.
"Financial intermediation costs in low income countries: The role of regulatory, institutional, and macroeconomic factors,"
Economic Systems, Elsevier, vol. 37(1), pages 92-110.
- Mr. Tigran Poghosyan, 2012. "Financial Intermediation Costs in Low-Income Countries: The Role of Regulatory, Institutional, and Macroeconomic Factors," IMF Working Papers 2012/140, International Monetary Fund.
- Carlo Altavilla & Domenico Giannone & Michele Lenza, 2016.
"The Financial and Macroeconomic Effects of the OMT Announcements,"
International Journal of Central Banking, International Journal of Central Banking, vol. 12(3), pages 29-57, September.
- Michele Lenza, 2015. "The financial and macroeconomic effects of OMT announcements," Research Bulletin, European Central Bank, vol. 22, pages 12-16.
- Carlo Altavilla & Domenico Giannone & Michele Lenza, 2014. "The Financial and Macroeconomic Effects of the OMT Announcements," CSEF Working Papers 352, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Giannone, Domenico & Altavilla, Carlo & Lenza, Michele, 2014. "The financial and macroeconomic effects of OMT announcements," Working Paper Series 1707, European Central Bank.
- Giannone, Domenico & Lenza, Michele & Altavilla, Carlo, 2014. "The Financial and Macroeconomic Effects of OMT Announcements," CEPR Discussion Papers 10025, C.E.P.R. Discussion Papers.
- Carlo Altavilla & Domenico Giannone & Michèle Lenza, 2014. "The Financial and Macroeconomic Effects of OMT Announcements," Working Papers ECARES ECARES 2014-31, ULB -- Universite Libre de Bruxelles.
- Black, Fischer, 1995. "Interest Rates as Options," Journal of Finance, American Finance Association, vol. 50(5), pages 1371-1376, December.
- Jing Cynthia Wu & Fan Dora Xia, 2016.
"Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(2-3), pages 253-291, March.
- Jing Cynthia Wu & Fan Dora Xia, 2014. "Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound," NBER Working Papers 20117, National Bureau of Economic Research, Inc.
- Demirguc-Kunt, Asli & Laeven, Luc & Levine, Ross, 2004.
"Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(3), pages 593-622, June.
- Asli Demirgüč-Kunt & Luc Laeven & Ross Levine, 2004. "Regulations, market structure, institutions, and the cost of financial intermediation," Proceedings, Federal Reserve Bank of Cleveland, pages 593-626.
- Asli Demirguc-Kunt & Luc Laeven & Ross Levine, 2003. "Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation," NBER Working Papers 9890, National Bureau of Economic Research, Inc.
- Stiroh, Kevin J, 2004.
"Diversification in Banking: Is Noninterest Income the Answer?,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(5), pages 853-882, October.
- Kevin J. Stiroh, 2002. "Diversification in banking: is noninterest income the answer?," Staff Reports 154, Federal Reserve Bank of New York.
- Florian Urbschat, 2018. "The Good, the Bad, and the Ugly: Impact of Negative Interest Rates and QE on the Profitability and Risk-Taking of 1600 German Banks," CESifo Working Paper Series 7358, CESifo.
- Nucera, Federico & Lucas, André & Schaumburg, Julia & Schwaab, Bernd, 2017.
"Do negative interest rates make banks less safe?,"
Economics Letters, Elsevier, vol. 159(C), pages 112-115.
- Nucera, Federico & Lucas, André & Schaumburg, Julia & Schwaab, Bernd, 2017. "Do negative interest rates make banks less safe?," Working Paper Series 2098, European Central Bank.
- Federico Nucera & Andre Lucas & Julia Schaumburg & Bernd Schwaab, 2017. "Do Negative Interest Rates Make Banks Less Safe?," Tinbergen Institute Discussion Papers 17-041/IV, Tinbergen Institute.
- Florian Heider & Farzad Saidi & Glenn Schepens, 2019.
"Life below Zero: Bank Lending under Negative Policy Rates,"
The Review of Financial Studies, Society for Financial Studies, vol. 32(10), pages 3728-3761.
- Heider, Florian & Saidi, Farzad & Schepens, Glenn, 2018. "Life below zero: Bank lending under negative policy rates," CEPR Discussion Papers 13191, C.E.P.R. Discussion Papers.
- Heider, Florian & Saidi, Farzad & Schepens, Glenn, 2018. "Life below zero: bank lending under negative policy rates," Working Paper Series 2173, European Central Bank.
- Jeffrey M Wooldridge, 2010.
"Econometric Analysis of Cross Section and Panel Data,"
MIT Press Books,
The MIT Press,
edition 2, volume 1, number 0262232588, December.
- Jeffrey M. Wooldridge, 2001. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262232197, December.
- T. S. Breusch & A. R. Pagan, 1980.
"The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 47(1), pages 239-253.
- Breusch, T.S. & Pagan, A.R., 1980. "The Lagrange multiplier test and its applications to model specification in econometrics," LIDAM Reprints CORE 412, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Jacob A. Bikker & Tobias M. Vervliet, 2018. "Bank profitability and risk†taking under low interest rates," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 23(1), pages 3-18, January.
- Hausman, Jerry, 2015.
"Specification tests in econometrics,"
Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 38(2), pages 112-134.
- Hausman, Jerry A, 1978. "Specification Tests in Econometrics," Econometrica, Econometric Society, vol. 46(6), pages 1251-1271, November.
- J. A. Hausman, 1976. "Specification Tests in Econometrics," Working papers 185, Massachusetts Institute of Technology (MIT), Department of Economics.
- Alessandro Beber & Michael W. Brandt & Kenneth A. Kavajecz, 2009.
"Flight-to-Quality or Flight-to-Liquidity? Evidence from the Euro-Area Bond Market,"
The Review of Financial Studies, Society for Financial Studies, vol. 22(3), pages 925-957.
- Alessandro Beber & Michael W. Brandt & Kenneth A. Kavajecz, 2009. "Flight-to-Quality or Flight-to-Liquidity? Evidence from the Euro-Area Bond Market," The Review of Financial Studies, Society for Financial Studies, vol. 22(3), pages 925-957, March.
- Alessandro Beber & Michael W. Brandt & Kenneth A. Kavajecz, 2006. "Flight-to-Quality or Flight-to-Liquidity? Evidence From the Euro-Area Bond Market," NBER Working Papers 12376, National Bureau of Economic Research, Inc.
- Gabriele Angori & David Aristei & Manuela Gallo, 2019. "Determinants of Banks’ Net Interest Margin: Evidence from the Euro Area during the Crisis and Post-Crisis Period," Sustainability, MDPI, vol. 11(14), pages 1-20, July.
- Altavilla, Carlo & Boucinha, Miguel & Peydró, José-Luis, 2018.
"Monetary policy and bank profitability in a low interest rate environment,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 33(96), pages 531-586.
- Carlo Altavilla & Miguel Boucinha & José-Luis Peydró & Thorsten BeckManaging Editor, 2018. "Monetary policy and bank profitability in a low interest rate environment," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 33(96), pages 531-586.
- Altavilla, Carlo & Boucinha, Miguel & Peydró, José-Luis, 2017. "Monetary policy and bank profitability in a low interest rate environment," Working Paper Series 2105, European Central Bank.
- Carlo Altavilla & Miguel Boucinha & José-Luis Peydró, 2019. "Monetary Policy and Bank Profitability in a Low Interest Rate Environment," Working Papers 1101, Barcelona School of Economics.
- Carlo Altavilla & Miguel Boucinha & José-Luis Peydró, 2017. "Monetary policy and bank profitability in a low interest rate environment," Economics Working Papers 1655, Department of Economics and Business, Universitat Pompeu Fabra, revised Mar 2018.
- Carlo Altavilla & Miguel Boucinha & José-Luis Peydró, 2017. "Monetary Policy and Bank Profitability in a Low Interest Rate Environment," CSEF Working Papers 486, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Delis, Manthos D. & Kouretas, Georgios P., 2011.
"Interest rates and bank risk-taking,"
Journal of Banking & Finance, Elsevier, vol. 35(4), pages 840-855, April.
- Delis, Manthos D & Kouretas, Georgios, 2010. "Interest rates and bank risk-taking," MPRA Paper 20132, University Library of Munich, Germany.
- Claudio Borio & Leonardo Gambacorta & Boris Hofmann, 2017.
"The influence of monetary policy on bank profitability,"
International Finance, Wiley Blackwell, vol. 20(1), pages 48-63, March.
- Claudio Borio & Leonardo Gambacorta & Boris Hofmann, 2015. "The influence of monetary policy on bank profitability," BIS Working Papers 514, Bank for International Settlements.
- Blundell, Richard & Bond, Stephen, 1998.
"Initial conditions and moment restrictions in dynamic panel data models,"
Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
- R Blundell & Steven Bond, "undated". "Initial conditions and moment restrictions in dynamic panel data model," Economics Papers W14&104., Economics Group, Nuffield College, University of Oxford.
- Blundell, R. & Bond, S., 1995. "Initial Conditions and Moment Restrictions in Dynamic Panel Data Models," Economics Papers 104, Economics Group, Nuffield College, University of Oxford.
- Richard Blundell & Stephen Bond, 1995. "Initial conditions and moment restrictions in dynamic panel data models," IFS Working Papers W95/17, Institute for Fiscal Studies.
- Soenen, Nicolas & Vander Vennet, Rudi, 2022. "ECB monetary policy and bank default risk☆," Journal of International Money and Finance, Elsevier, vol. 122(C).
- Maudos, Joaquin & Fernandez de Guevara, Juan, 2004.
"Factors explaining the interest margin in the banking sectors of the European Union,"
Journal of Banking & Finance, Elsevier, vol. 28(9), pages 2259-2281, September.
- Maudos, Joaquin & Fernandez de Guevara, Juan, 2003. "Factors Explaining the Interest Margin in the Banking Sectors of the European Union," MPRA Paper 15252, University Library of Munich, Germany.
- David M. Arseneau, 2020.
"How Would U.S. Banks Fare in a Negative Interest Rate Environment?,"
International Journal of Central Banking, International Journal of Central Banking, vol. 16(5), pages 269-308, October.
- David M. Arseneau, 2017. "How Would US Banks Fare in a Negative Interest Rate Environment?," Finance and Economics Discussion Series 2017-030r1, Board of Governors of the Federal Reserve System (U.S.), revised 31 Jul 2020.
- Saunders, Anthony & Schumacher, Liliana, 2000. "The determinants of bank interest rate margins: an international study," Journal of International Money and Finance, Elsevier, vol. 19(6), pages 813-832, December.
- Christoph Basten & Mike Mariathasan, 2018.
"How Banks Respond to Negative Interest Rates: Evidence from the Swiss Exemption Threshold,"
CESifo Working Paper Series
6901, CESifo.
- Christoph Basten & Mike Mariathasan, 2020. "Interest rate pass-through and bank risk-taking under negative-rate policies with tiered remuneration of Central Bank Reserves," Swiss Finance Institute Research Paper Series 20-98, Swiss Finance Institute.
- Junttila, Juha & Perttunen, Jukka & Raatikainen, Juhani, 2021. "Keep the faith in banking: New evidence for the effects of negative interest rates based on the case of Finnish cooperative banks," International Review of Financial Analysis, Elsevier, vol. 75(C).
- David Roodman, 2006. "How to Do xtabond2," North American Stata Users' Group Meetings 2006 8, Stata Users Group.
- Eser, Fabian & Schwaab, Bernd, 2016. "Evaluating the impact of unconventional monetary policy measures: Empirical evidence from the ECB׳s Securities Markets Programme," Journal of Financial Economics, Elsevier, vol. 119(1), pages 147-167.
- Morten Linnemann Bech & Aytek Malkhozov, 2016. "How have central banks implemented negative policy rates?," BIS Quarterly Review, Bank for International Settlements, March.
- Gauti B. Eggertsson & Michael Woodford, 2003. "The Zero Bound on Interest Rates and Optimal Monetary Policy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 34(1), pages 139-235.
- Urbschat, Florian, 2018. "The Good, the Bad, and the Ugly: Impact of Negative Interest Rates and QE on the Profitability and Risk-Taking of 1600 German Banks," Discussion Papers in Economics 56535, University of Munich, Department of Economics.
- Banerjee, Ryan N. & Mio, Hitoshi, 2018.
"The impact of liquidity regulation on banks,"
Journal of Financial Intermediation, Elsevier, vol. 35(PB), pages 30-44.
- Ryan N. Banerjee & Hitoshi Mio, 2014. "The Impact of Liquidity Regulation on Banks," BIS Working Papers 470, Bank for International Settlements.
- Banerjee, Ryan & Mio, Hitoshi, 2015. "The impact of liquidity regulation on banks," Bank of England working papers 536, Bank of England.
- Saka, Orkun & Fuertes, Ana-Maria & Kalotychou, Elena, 2015.
"ECB policy and Eurozone fragility: Was De Grauwe right?,"
Journal of International Money and Finance, Elsevier, vol. 54(C), pages 168-185.
- Fuertes, Ana-Maria & Kalotychou, Elena & Saka, Orkun, 2014. "ECB Policy and Eurozone Fragility: Was De Grauwe Right?," CEPS Papers 9414, Centre for European Policy Studies.
- Altavilla, Carlo & Burlon, Lorenzo & Giannetti, Mariassunta & Holton, Sarah, 2022.
"Is there a zero lower bound? The effects of negative policy rates on banks and firms,"
Journal of Financial Economics, Elsevier, vol. 144(3), pages 885-907.
- Giannetti, Mariassunta & Altavilla, Carlo & Burlon, Lorenzo & Holton, Sarah, 2019. "Is There a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms," CEPR Discussion Papers 14050, C.E.P.R. Discussion Papers.
- Altavilla, Carlo & Burlon, Lorenzo & Giannetti, Mariassunta & Holton, Sarah, 2019. "Is there a zero lower bound? The effects of negative policy rates on banks and firms," Working Paper Series 2289, European Central Bank.
- Michael D. Bauer & Glenn D. Rudebusch, 2016.
"Monetary Policy Expectations at the Zero Lower Bound,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(7), pages 1439-1465, October.
- Michael D. Bauer & Glenn D. Rudebusch, 2013. "Monetary Policy Expectations at the Zero Lower Bound," Working Paper Series 2013-18, Federal Reserve Bank of San Francisco.
- Carbo Valverde, Santiago & Rodriguez Fernandez, Francisco, 2007. "The determinants of bank margins in European banking," Journal of Banking & Finance, Elsevier, vol. 31(7), pages 2043-2063, July.
- Ms. Rima A Turk, 2016. "Negative Interest Rates: How Big a Challenge for Large Danish and Swedish Banks?," IMF Working Papers 2016/198, International Monetary Fund.
- Raja Almarzoqi & Sami Ben Naceur, 2015. "Determinants of Bank Interest Margins in the Caucasus and Central Asia," IMF Working Papers 2015/087, International Monetary Fund.
- John Goddard & Phil Molyneux & John O. S. Wilson, 2004. "The profitability of european banks: a cross‐sectional and dynamic panel analysis," Manchester School, University of Manchester, vol. 72(3), pages 363-381, June.
- Margherita Bottero & Ms. Camelia Minoiu & José-Luis Peydró & Andrea Polo & Mr. Andrea F Presbitero & Enrico Sette, 2019. "Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data," IMF Working Papers 2019/044, International Monetary Fund.
- Carlo Altavilla & Miguel Boucinha & Sarah Holton & Steven Ongena, 2021.
"Credit Supply and Demand in Unconventional Times,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(8), pages 2071-2098, December.
- Altavilla, Carlo & Boucinha, Miguel & Holton, Sarah & Ongena, Steven, 2018. "Credit supply and demand in unconventional times," Working Paper Series 2202, European Central Bank.
- De Santis, Roberto A., 2020.
"Impact of the Asset Purchase Programme on euro area government bond yields using market news,"
Economic Modelling, Elsevier, vol. 86(C), pages 192-209.
- De Santis, Roberto A., 2016. "Impact of the asset purchase programme on euro area government bond yields using market news," Working Paper Series 1939, European Central Bank.
- Kevin Stiroh, 2004. "Do Community Banks Benefit from Diversification?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 25(2), pages 135-160, April.
- Lopez, Jose A. & Rose, Andrew K. & Spiegel, Mark M., 2020.
"Why have negative nominal interest rates had such a small effect on bank performance? Cross country evidence,"
European Economic Review, Elsevier, vol. 124(C).
- Rose, Andrew & Spiegel, Mark & Lopez, Jose A., 2018. "Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence," CEPR Discussion Papers 13010, C.E.P.R. Discussion Papers.
- Jose A. Lopez & Andrew K. Rose & Mark M. Spiegel, 2018. "Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence," Working Paper Series 2018-7, Federal Reserve Bank of San Francisco.
- Jose A. Lopez & Andrew K. Rose & Mark M. Spiegel, 2018. "Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence," NBER Working Papers 25004, National Bureau of Economic Research, Inc.
- Ms. Enrica Detragiache & Mr. Thierry Tressel & Ms. Rima A Turk, 2018. "Where Have All the Profits Gone? European Bank Profitability Over the Financial Cycle," IMF Working Papers 2018/099, International Monetary Fund.
- Sebastian Kripfganz, 2019.
"Generalized method of moments estimation of linear dynamic panel-data models,"
London Stata Conference 2019
17, Stata Users Group.
- Sebastian Kripfganz, 2020. "Generalized method of moments estimation of linear dynamic panel-data models," 2020 Stata Conference 14, Stata Users Group.
- Ehrmann, Michael & Fratzscher, Marcel, 2017. "Euro area government bonds – Fragmentation and contagion during the sovereign debt crisis," Journal of International Money and Finance, Elsevier, vol. 70(C), pages 26-44.
- Qianying Chen & Mitsuru Katagiri & Jay Surti, 2018. "Banking in a Steady State of Low Growth and Interest Rates," IMF Working Papers 2018/192, International Monetary Fund.
- Borio, Claudio & Gambacorta, Leonardo, 2017.
"Monetary policy and bank lending in a low interest rate environment: Diminishing effectiveness?,"
Journal of Macroeconomics, Elsevier, vol. 54(PB), pages 217-231.
- Claudio Borio & Leonardo Gambacorta, 2017. "Monetary policy and bank lending in a low interest rate environment: diminishing effectiveness?," BIS Working Papers 612, Bank for International Settlements.
- repec:zbw:bofrdp:2016_019 is not listed on IDEAS
- Kim, Don H. & Singleton, Kenneth J., 2012. "Term structure models and the zero bound: An empirical investigation of Japanese yields," Journal of Econometrics, Elsevier, vol. 170(1), pages 32-49.
- Basten, Christoph & Mariathasan, Mike, 2023.
"Interest rate pass-through and bank risk-taking under negative-rate policies with tiered remuneration of central bank reserves,"
Journal of Financial Stability, Elsevier, vol. 68(C).
- Christoph Basten & Mike Mariathasan, 2020. "Interest rate pass-through and bank risk-taking under negative-rate policies with tiered remuneration of Central Bank Reserves," Swiss Finance Institute Research Paper Series 20-98, Swiss Finance Institute.
- Antonio Trujillo-Ponce, 2013. "What determines the profitability of banks? Evidence from Spain," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 53(2), pages 561-586, June.
- Pagan, Adrian, 1984. "Econometric Issues in the Analysis of Regressions with Generated Regressors," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(1), pages 221-247, February.
- Andreas Jobst & Ms. Huidan Huidan Lin, 2016. "Negative Interest Rate Policy (NIRP): Implications for Monetary Transmission and Bank Profitability in the Euro Area," IMF Working Papers 2016/172, International Monetary Fund.
- Windmeijer, Frank, 2005. "A finite sample correction for the variance of linear efficient two-step GMM estimators," Journal of Econometrics, Elsevier, vol. 126(1), pages 25-51, May.
- C. T. Shehzad & J. De Haan & B. Scholtens, 2013. "The relationship between size, growth and profitability of commercial banks," Applied Economics, Taylor & Francis Journals, vol. 45(13), pages 1751-1765, May.
- Philip Molyneux & Alessio Reghezza & Ru Xie, 2018. "Bank Profits and Margins in a World of Negative Rates," Working Papers 18001, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
- McShane, R. W. & Sharpe, I. G., 1985. "A time series/cross section analysis of the determinants of Australian trading bank loan/deposit interest margins: 1962-1981," Journal of Banking & Finance, Elsevier, vol. 9(1), pages 115-136, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Damilola Oyetade & Paul-Francois Muzindutsi, 2023. "Country Risk and Financial Stability: A Focus on Commercial Banks in Africa," Risks, MDPI, vol. 11(11), pages 1-18, November.
- Plakandaras, Vasilios & Gupta, Rangan & Karmakar, Sayar & Wohar, Mark E., 2023. "Are real interest rates a monetary phenomenon? Evidence from 700 years of data," Research in International Business and Finance, Elsevier, vol. 66(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Molyneux, Philip & Reghezza, Alessio & Xie, Ru, 2019. "Bank margins and profits in a world of negative rates," Journal of Banking & Finance, Elsevier, vol. 107(C), pages 1-1.
- Whelsy Boungou, 2019.
"Negative interest rate, bank profitability and risk-taking,"
Documents de Travail de l'OFCE
2019-10, Observatoire Francais des Conjonctures Economiques (OFCE).
- Whelsy Boungou, 2019. "Negative Interest Rates, Bank Profitability and Risk-taking," Working Papers hal-03456106, HAL.
- Bongiovanni, Alessio & Reghezza, Alessio & Santamaria, Riccardo & Williams, Jonathan, 2021.
"Do negative interest rates affect bank risk-taking?,"
Journal of Empirical Finance, Elsevier, vol. 63(C), pages 350-364.
- AAlessio Reghezza & Jonathan Williams & Alessio Bongiovanni & Riccardo Santamaria, 2019. "Do Negative Interest Rates Affect Bank Risk-Taking?," Working Papers 19012, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
- Junttila, Juha & Perttunen, Jukka & Raatikainen, Juhani, 2021. "Keep the faith in banking: New evidence for the effects of negative interest rates based on the case of Finnish cooperative banks," International Review of Financial Analysis, Elsevier, vol. 75(C).
- Lopez, Jose A. & Rose, Andrew K. & Spiegel, Mark M., 2020.
"Why have negative nominal interest rates had such a small effect on bank performance? Cross country evidence,"
European Economic Review, Elsevier, vol. 124(C).
- Rose, Andrew & Spiegel, Mark & Lopez, Jose A., 2018. "Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence," CEPR Discussion Papers 13010, C.E.P.R. Discussion Papers.
- Jose A. Lopez & Andrew K. Rose & Mark M. Spiegel, 2018. "Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence," Working Paper Series 2018-7, Federal Reserve Bank of San Francisco.
- Jose A. Lopez & Andrew K. Rose & Mark M. Spiegel, 2018. "Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence," NBER Working Papers 25004, National Bureau of Economic Research, Inc.
- Gabriele Angori & David Aristei & Manuela Gallo, 2019. "Determinants of Banks’ Net Interest Margin: Evidence from the Euro Area during the Crisis and Post-Crisis Period," Sustainability, MDPI, vol. 11(14), pages 1-20, July.
- Mamatzakis, Emmanuel & Bermpei, Theodora, 2016. "What is the effect of unconventional monetary policy on bank performance?," Journal of International Money and Finance, Elsevier, vol. 67(C), pages 239-263.
- Demiralp, Selva & Eisenschmidt, Jens & Vlassopoulos, Thomas, 2021.
"Negative interest rates, excess liquidity and retail deposits: Banks’ reaction to unconventional monetary policy in the euro area,"
European Economic Review, Elsevier, vol. 136(C).
- Demiralp, Selva & Eisenschmidt, Jens & Vlassopoulos, Thomas, 2019. "Negative interest rates, excess liquidity and retail deposits: banks’ reaction to unconventional monetary policy in the euro area," Working Paper Series 2283, European Central Bank.
- Selva Demiralp & Jens Eisenschmidt & Thomas Vlassopoulos, 2021. "Negative interest rates, excess liquidity and retail deposits: Banks’ reaction to unconventional monetary policy in the euro area," Koç University-TUSIAD Economic Research Forum Working Papers 1910, Koc University-TUSIAD Economic Research Forum.
- Nimrod Segev & Sigal Ribon & Michael Kahn & Jakob Haan, 2024.
"Low Interest Rates and Banks’ Interest Margins: Does Deposit Market Concentration Matter?,"
Journal of Financial Services Research, Springer;Western Finance Association, vol. 65(2), pages 189-218, June.
- Nimrod Segev & Sigal Ribon & Michael Kahn & Jakob De Haan, 2021. "Low Interest Rates and Banks' Interest Margins: Does Deposit Market Concentration Matter?," Bank of Israel Working Papers 2021.16, Bank of Israel.
- López-Penabad, Maria Celia & Iglesias-Casal, Ana & Silva Neto, José Fernando, 2022. "Effects of a negative interest rate policy in bank profitability and risk taking: Evidence from European banks," Research in International Business and Finance, Elsevier, vol. 60(C).
- Cynthia Balloch & Yann Koby & Mauricio Ulate, 2022. "Making Sense of Negative Nominal Interest Rates," Working Paper Series 2022-12, Federal Reserve Bank of San Francisco.
- Philip Molyneux & Alessio Reghezza & Ru Xie, 2018. "Bank Profits and Margins in a World of Negative Rates," Working Papers 18001, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
- Present, Thomas & Simoens, Mathieu & Vander Vennet, Rudi, 2023. "European bank margins at the zero lower bound," Journal of International Money and Finance, Elsevier, vol. 131(C).
- J.A. Bikker & Tobias M. Vervliet, 2017.
"Bank Profitability and Risk-Taking under Low Interest Rates,"
Working Papers
17-10, Utrecht School of Economics.
- Jacob Bikker & Tobias Vervliet, 2017. "Bank profitability and risk-taking under low interest rates," DNB Working Papers 560, Netherlands Central Bank, Research Department.
- Anthony Brassil, 2022.
"The Consequences of Low Interest Rates for the Australian Banking Sector,"
RBA Annual Conference Papers
acp2022-04, Reserve Bank of Australia, revised Dec 2022.
- Anthony Brassil, 2022. "The Consequences of Low Interest Rates for the Australian Banking Sector," RBA Research Discussion Papers rdp2022-08, Reserve Bank of Australia.
- Raftis, Achilleas & Karpetis, Christos & Papadamou, Stephanos & Spyromitros, Eleftherios, 2024. "Monetary winds of change: Exploring the link between policy shifts and bank profitability in developed and emerging European markets," Global Finance Journal, Elsevier, vol. 59(C).
- Philip Molyneux & Alessio Reghezza & Chiara Torriero & Jonathan Williams, 2021. "Banks' noninterest income and securities holdings in a low interest rate environment: The case of Italy," European Financial Management, European Financial Management Association, vol. 27(1), pages 98-119, January.
- Joscha Beckmann & Klaus-Jürgen Gern & Nils Jannsen, 2022. "Should they stay or should they go? Negative interest rate policies under review," International Economics and Economic Policy, Springer, vol. 19(4), pages 885-912, October.
- Albertazzi, Ugo & Barbiero, Francesca & Marqués-Ibáñez, David & Popov, Alexander & Rodriguez d’Acri, Costanza & Vlassopoulos, Thomas, 2020. "Monetary policy and bank stability: the analytical toolbox reviewed," Working Paper Series 2377, European Central Bank.
- Kusi, Baah Aye & Agbloyor, Elikplimi Komla & Gyeke-Dako, Agyapomaa & Asongu, Simplice Anutechia, 2020.
"Financial Sector transparency and net interest margins: Should the private or public Sector lead financial Sector transparency?,"
Research in International Business and Finance, Elsevier, vol. 54(C).
- Kusi, Baah & Agbloyor, Elikplimi & Gyeke-Dako, Agyapomaa & Asongu, Simplice, 2020. "Financial Sector Transparency and Net Interest Margins: Should the Private or Public Sector lead Financial Sector Transparency?," MPRA Paper 103229, University Library of Munich, Germany.
- Baah A. Kusi & Elikplimi K. Agbloyor & Agyapomaa Gyeke-Dako & Simplice A. Asongu, 2020. "Financial Sector Transparency and Net Interest Margins: Should the Private or Public Sector lead Financial Sector Transparency?," Working Papers 20/028, European Xtramile Centre of African Studies (EXCAS).
- Baah A. Kusi & Elikplimi K. Agbloyor & Agyapomaa Gyeke-Dako & Simplice A. Asongu, 2020. "Financial Sector Transparency and Net Interest Margins: Should the Private or Public Sector lead Financial Sector Transparency?," Working Papers of the African Governance and Development Institute. 20/028, African Governance and Development Institute..
- Baah A. Kusi & Elikplimi K. Agbloyor & Agyapomaa Gyeke-Dako & Simplice A. Asongu, 2020. "Financial Sector Transparency and Net Interest Margins: Should the Private or Public Sector lead Financial Sector Transparency?," Research Africa Network Working Papers 20/028, Research Africa Network (RAN).
More about this item
Keywords
Bank profitability; Sovereign risk premium; Negative interest rates; Unconventional monetary policy;All these keywords.
JEL classification:
- B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
- C26 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Instrumental Variables (IV) Estimation
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finana:v:81:y:2022:i:c:s1057521922000783. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620166 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.