Is there a financial accelerator in European banking?

被引:4
|
作者
Altunbas, Yener [1 ]
Di Tommaso, Caterina [2 ]
Thornton, John [1 ]
机构
[1] Bangor Univ, Coll Rd, Bangor LL57 2DG, Gwynedd, Wales
[2] Univ Calabria, Via Pietro Bucci, I-87036 Arcavacata Di Rende, Rende CS, Italy
关键词
Banks' margins; Business cycles; Financial accelerator; INTEREST MARGINS; DETERMINANTS; RIGIDITY; DEPOSITS;
D O I
10.1016/j.frl.2016.03.020
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
We show that price-cost margins for European banks are countercyclical after controlling for monetary policy, interest rate risk, and several banking industry and bank-specific factors. Our results support the existence of a "financial accelerator" at work in European economies. (C) 2016 Elsevier Inc. All rights reserved.
引用
收藏
页码:218 / 221
页数:4
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