The Effect of Euribor on Banking Profitability: Evidence From the Spanish Banking System
Ver/ abrir
Use este enlace para citar
http://hdl.handle.net/2183/30166
A non ser que se indique outra cousa, a licenza do ítem descríbese como Atribución-NoComercial 4.0 Internacional (CC BY-NC 4.0)
Coleccións
Metadatos
Mostrar o rexistro completo do ítemTítulo
The Effect of Euribor on Banking Profitability: Evidence From the Spanish Banking SystemData
2021-06-17Cita bibliográfica
Boto-García, D., Álvarez, A., & Baños Pino, J. F. (2021). The effect of Euribor on banking profitability: evidence from the Spanish banking system. European Journal of Government and Economics, 10(1), 5-29. https://doi.org/10.17979/ejge.2021.10.1.7083
Resumo
[Abstract] This paper studies the relationship between the Euribor rate and the return on average assets (ROAA) of the Spanish banking sector. We use quarterly time series data for the period 1995-2016. Our analysis also controls for bank factors, market concentration, the macroeconomic environment and time effects. The main purpose is to examine how the sector's ROAA varies with the slope of the yield curve. We find evidence of an inverse relationship between the Euribor rate and profitability. We also show that banking profitability is pro-cyclical and is positively related to the stock of performing loans and the national 10-year bond yield.
Palabras chave
Banking profitability
Time series
Euribor rate
Pro-cyclicality
Yield curve
Time series
Euribor rate
Pro-cyclicality
Yield curve
Versión do editor
Dereitos
Atribución-NoComercial 4.0 Internacional (CC BY-NC 4.0)
ISSN
2254-7088