Similar Search Results

The joint size and ownership specialization in banks' lending

Delgado, Javier; Salas-Fumás, Vicente; Saurina, Jesús - Banco de España - 2006

In this paper we study the specialization of Spanish banks along two intertwined dimensions: size and ownership form. We find some interesting results at odds with the existing empirical literature. As commercial banks increase their size, they lend more to large borrowers but that is not the...

Persistent link: https://www.econbiz.de/10005022241

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

Housing bubbles

Arce, Óscar J.; López-Salido, J. David - Banco de España - 2008

In this paper we use the notion of a housing bubble as an equilibrium in which some investors hold houses only for resale purposes and not for the expectation of a dividend, either in the form of rents or utility. We provide a life-cycle model where households face collateral constraints that...

Persistent link: https://www.econbiz.de/10005022257

A new approach to measuring competition in the loan markets of the euro area

Leuvensteijn, Michiel van; Bikker, Jacob A.; Rixtel, … - Banco de España - 2007

approach is able to measure competition of bank market segments, such as the loan market, whereas many well-known measures of … ignores differences in bank product quality and design, as well as the attractiveness of innovations. We measure competition …

Persistent link: https://www.econbiz.de/10005022263

Earnings and capital management in alternative loan loss provision regulatory regimes

Pérez, Daniel; Salas-Fumás, Vicente; Saurina, Jesús - Banco de España - 2006

The paper sets an accounting and behavioral framework from which we derive a reduced form equation to test income smoothing and capital management practices through loan loss provisions (PLL) by Spanish banks. Spain offers a unique environment to perform those tests because there are very...

Persistent link: https://www.econbiz.de/10005022266

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

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 analysis employs a widely used non-structural methodology put forward by Panzar and Rosse (1987) —the so-called H-statistic— and draws upon a comprehensive panel dataset of...

Persistent link: https://www.econbiz.de/10005022271

Impact of bank competition on the interest rate pass-through in the euro area

Leuvensteijn, Michiel van; Sørensen, Christoffer Kok; … - Banco de España - 2008

stronger competition implies significantly lower spreads between bank and market interest rates for most loan market products … bank interest rates, we likewise find that banks tend to price their loans more in accordance with the market in countries … where competitive pressures are stronger. Further, where loan market competition is stronger, we observe larger bank spreads …

Persistent link: https://www.econbiz.de/10005022279

Credit market competition, collateral and firms' finance

Jiménez, Gabriel; Salas-Fumás, Vicente; Saurina, Jesús - Banco de España - 2006

This paper investigates the relationship between credit market competition and the availability of bank credit for ….Therefore market power in credit markets and collateral appear as substitutes to increase the availability of bank finance under …

Persistent link: https://www.econbiz.de/10005022289

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