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http://hdl.handle.net/11531/88704
Título : | Nonstandard monetary policies and bank profitability: The case of Spain |
Autor : | Tercero Lucas, David |
Fecha de publicación : | 1-jul-2023 |
Resumen : | . The aim of this study is to examine the effects of nonstandard monetary policymeasures implemented by the Eurosystem on the Spanish banking sector prof-itability. To do this, a new database is built merging data from the SpanishBanking Industry Statistical Yearbook and from the Spanish Stock MarketCommission. Applying different econometric techniques to a panel of 54 Span-ish banks that covers the period 2001–2017 and controlling for bank-specificfactors and macroeconomic conditions, no discernible impact is found betweenthe Eurosystem's nonstandard monetary policy measures (ECB's total assets,excess reserves and the slope of the yield curve) and bank profitability mea-sured as return on assets, pre-tax operating income and interest margins. Thisresult is robust to different specifications and to different groups of banks. |
Descripción : | Artículos en revistas |
URI : | https://doi.org/10.1002/ijfe.2535 http://hdl.handle.net/11531/88704 |
ISSN : | 1076-9307 |
Aparece en las colecciones: | Artículos |
Ficheros en este ítem:
Fichero | Tamaño | Formato | |
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Int J Fin Econ 2021TerceroLucas .pdf | 3,03 MB | Adobe PDF | Visualizar/Abrir |
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