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Why did high productivity growth of banks precede the financial crisis?
Martín-Oliver, Alfredo; Ruano, Sonia; Salas-Fumás, Vicente - Banco de España - 2012
The observed high levels of banks’ operating efficiency, profi ts and market values in the years before the financial crisis raise reasonable doubts about the information content of conventional performance measures for the accurate assessment of the efficiency of banking intermediation. In...
Persistent link: https://www.econbiz.de/10010862248
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Search cost and price dispersion in vertically related markets: the case of bank loans and deposits
Martín-Oliver, Alfredo; Salas-Fumás, Vicente; … - Banco de España - 2008
Using data on marginal interest rates of loan and deposit products by Spanish banks, we find that the level of interest rates on loans (deposits) across geographic markets decrease (increase) with the number of banks in each market, and that the level of interest rates on loans increases with...
Persistent link: https://www.econbiz.de/10005022230
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The output and profit contribution of information technology and advertising investments in banks
Martín-Oliver, Alfredo; Salas-Fumas, Vicente - Banco de España - 2007
-five workers. The paper also finds that advertising investments increase the demand for bank services with an elasticity of 0 …
Persistent link: https://www.econbiz.de/10005022244
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Measurement of capital stock and input services of Spanish banks
Martín-Oliver, Alfredo; Salas-Fumás, Vicente; … - Banco de España - 2007
This paper contains estimates of physical and intangible (information technology, advertising and training) capital stock, together with capital, labor and externally provided input services, of Spanish commercial and saving banks in the period 1983 to 2003. Capital stocks are valued at...
Persistent link: https://www.econbiz.de/10005022267
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How do intangible assets create economic value? an application to banks
Martín-Oliver, Alfredo; Salas-Fumas, Vicente - Banco de España - 2007
of investments in IT and rents from market power split evenly the economic value of the bank above the replacement cost …
Persistent link: https://www.econbiz.de/10005022290
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From proximity to distant banking: Spanish banks in the EMU
Martín-Oliver, Alfredo - Banco de España - 2010
representative bank in response to the historically low official interest rates of the post Euro period. The results show that there … simulation results highlight the high imbalances between loans and deposits for the representative bank in the regime of low …
Persistent link: https://www.econbiz.de/10008540442
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I.T. Investment and intangibles: evidence from banks
Martín-Oliver, Alfredo; Salas-Fumás, Vicente - Banco de España - 2010
estimates that the representative bank spends five additional Euros per Euro invested in IT-related assets in complementary … intangible assets or, equivalently, intangibles amount to approximately 10% of the economic value of the representative bank. The …
Persistent link: https://www.econbiz.de/10008495179
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A test of the law of one price in retail banking
Martín-Oliver, Alfredo; Salas-Fumás, Vicente; … - Banco de España - 2005
the period 1989 2003. We find that interest rates of twenty five different bank loan and deposit products adjust rather …
Persistent link: https://www.econbiz.de/10005590693
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Effects of equity capital on the interest rate and the demand for credit. Empirical evidence from Spanish banks
Martín-Oliver, Alfredo; Ruano, Sonia; Salas-Fumás, Vicente - Banco de España - 2012
case of large banks in the European context) for bank dynamics in complying with the new standards and for the long …-term effects on bank lending rates and the demand for bank credit. The analysis combines econometric estimations of the … the demand for bank credit, based on a parameterised model of the Spanish banking industry. We find that the gap between …
Persistent link: https://www.econbiz.de/10010678683