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Testing for competition in the Spanish banking industry: The Panzar-Rosse approach revisited
Rozas, Luis Gutiérrez de - Banco de España - 2007
The aim of this paper is to assess the level of competition prevailing in the Spanish banking system. The current … banks. In both settings, a noteworthy increase in the degree of competition is identified at the turn of the eighties, when … hypothesis which states that concentration impairs competition. …
Persistent link: https://www.econbiz.de/10005022271
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The distribution of debt across euro area countries: the role of individual characteristics, institutions and credit conditions
Bover, Olympia; Casado, Jose Maria; Villanueva, Ernesto; … - Banco de España - 2013
The aim of this paper is twofold. First, we present an up-to-date assessment of the differences across euro area countries in the distributions of various measures of debt conditional on household characteristics. We consider three different outcomes: the probability of holding debt, the amount...
Persistent link: https://www.econbiz.de/10010862266
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The effect of foreclosure regulation: Evidence for the US mortgage market at state level
Vicente, Fernando López - Banco de España - 2013
Do laws to protect borrowers curb foreclosures? This question is addressed by analysing the impact of foreclosure laws on default rates at state level in the US mortgage market. Using panel data techniques, we find a statistically significant effect of regulation on the different stages of the...
Persistent link: https://www.econbiz.de/10010862277
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Financial governance of banking supervision
Masciandaro, Donato; Nieto, María J.; Prast, Henriëtte - Banco de España - 2007
This article analyses the economics of financing banking supervision and attempts to respond to two questions: What are … supervision using a sample of 90 banking supervisors (central banks and financial authorities). We conclude that supervisors in …
Persistent link: https://www.econbiz.de/10005022297
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Local versus aggregate lending channels: the effects of securitization on corporate credit supply
Jiménez, Gabriel; Mian, Atif; Peydró, José-Luis; … - Banco de España - 2011
banking relationships. Credit terms however become softer, but there are no real effects. Securitization implies a credit …
Persistent link: https://www.econbiz.de/10009319591
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Assessing the risk-return trade-off in loans portfolios
Mencía, Javier - Banco de España - 2009
actual loans' prices. Finally, I study the risk-return trade-off in an empirical application to the Spanish banking system. …
Persistent link: https://www.econbiz.de/10004969766
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What explains the low profitability of Chinese banks?
García-Herrero, Alicia; Gavilá, Sergio; … - Banco de España - 2009
deposits and for more X-efficient banks. In addition, a less concentrated banking system increases bank profitability, which … surprise for a banking system which has long been functioning as a mechanism for transferring huge savings to meet public …
Persistent link: https://www.econbiz.de/10004969781
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Dilatoriness of the banking enterprise debt in Spain, 1992-2003
Ruano-Pardo, Sonia; Salas-Fumás, Vicente - Banco de España - 2006
This paper analyses the determinants of the default ratio associated to banking debt in Spanish non financial firms … default status. Additionally, it explores the factors explaining the relative amount of non performing banking debt in …
Persistent link: https://www.econbiz.de/10005590729
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The safety and soundness effects of bank M&As in the EU: does prudential regulation have any impact?
Hagendorff, Jens; Nieto, María J.; Wall, Larry D. - Banco de España - 2012
This paper studies the impact of European bank mergers and acquisitions on changes in key safety and soundness measures of both acquirers and targets. We find that capitalization, profi tability and liquidity show signs of statistically and economically significant mean reversion for acquirers....
Persistent link: https://www.econbiz.de/10010687526
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What do premiums paid for bank M&As reflect? The case of the European Union
Hagendorff, Jens; Hernando, Ignacio; Nieto, María J.; … - Banco de España - 2010
We analyze the takeover premiums paid for a sample of European bank mergers between 1997 and 2007. We find that acquiring banks value profitable, high-growth and low risk targets. We also find that the strength of bank regulation and supervision as well as deposit insurance regimes in Europe...
Persistent link: https://www.econbiz.de/10008620574