Low interest rates and banks' interest margins: Does belonging to a banking group matter?

被引：0

作者：

Argimon, Isabel ^{[1
]}

Danton, Jayson M. ^{[2
]}

de Haan, Jakob ^{[3
,4
]}

Rodriguez-Martin, Javier ^{[2
]}

Rodriguez-Moreno, Maria ^{[1
]}

机构：

[1] Banco Espana, C Alcala 48, Madrid 28007, Spain

[2] Swiss Natl Bank, Bern, Switzerland

[3] Univ Groningen, Groningen, Netherlands

[4] CESifo, Groningen, Netherlands

来源：

JOURNAL OF BANKING & FINANCE | 2023年 / 154卷

关键词：

Bank profitability; Monetary policy transmission; Net interest mar g i n; Low interest rates; Banking groups; INTERNAL CAPITAL-MARKETS; RISK; PROFITABILITY; CRISIS;

D O I：

10.1016/j.jbankfin.2023.106966

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Using data for a large sample of banks from 31 OECD countries over 1995-2018, we analyze the impact of belonging to a banking group on banks' net interest margins. Our results confirm a positive relationship between interest rates and interest margins, which is stronger in a low-interest rate environment. For banks that are foreign subsidiaries of a banking group, we find that interest margins are less sensitive to the local interest rate. Our results show that such foreign subsidiaries are also sensitive to the interest rate prevailing in the group's headquarters.

引用

页数：16

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