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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
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
In spite of the conspicuous use of the Internet as a delivery channel, there is a relative dearth of empirical studies that provide a quantitative analysis of the impact of the Internet on banks´ financial performance. This paper attempts to fill this gap by identifying and estimating the...
Persistent link: https://www.econbiz.de/10005155266
variation in capital growth associated to the bank-specific historical exposure to real estate development –measured 10 years …
Persistent link: https://www.econbiz.de/10009421744
analyse the differential responses, to monetary policy changes, of bank lending by banks with different size, liquidity and … results are mostly against the existence of a bank-lending channel in the period under analysis. This result appears to be …
Persistent link: https://www.econbiz.de/10008520560
monetary policy does alter bank loan supply, with the effects most dependent on the liquidity of individual banks. Unlike in … the US, the size of a bank does generally not explain its lending reaction. We also show that the standard publicly …
Persistent link: https://www.econbiz.de/10008520568
Mercantile Registry and the Bank of Spain Credit Registry (CIR) to classify firms according to their number of banking relations … importance of such groups in a European country. We control for reverse causality by treating bank relationships as endogenous …
Persistent link: https://www.econbiz.de/10008540441
The aim of this paper is to analyze the evolution of productivity and how firm behavior and institutional conditions affects productivity. For that purpose, we use a longitudinal sample of Spanish manufacturing and services companies between 1983 and 2006, as well as OECD indicators on product...
Persistent link: https://www.econbiz.de/10008751398
This paper estimates the steady state mark-ups of 23 branches of activity in seven developed countries (USA, Japan, Germany, France, UK, Italy and Spain). The empirical methodology departs from the Hall (1988) seminal approach and incorporates the possibility of non-competitive labour markets....
Persistent link: https://www.econbiz.de/10004969774
This article analyses changes in the occupational employment share in Spain for the period 1997-2012 and the way particular sociodemographics adapt to those changes. There seems to be clear evidence of employment polarisation between 1997 and 2012, which accelerates over the recession. Changes...
Persistent link: https://www.econbiz.de/10010862253