| Imprint: |
Bellaterra Departament d'Economia Aplicada 2020 |
| Description: |
37 pag. |
| Abstract: |
The aim of this study is to examine the effects of non-standard monetary policy measures implemented by the Eurosystem on the Spanish banking sector profitability. To do this, a new database is built merging data from the Spanish Banking Industry Statistical Yearbook and from the Spanish Stock Market Commission. Applying different econometric techniques to a panel of 54 Spanish banks that covers the period 2001-2017 and controlling for bank-specific factors and macroeconomic conditions, no discernible impact is found between the Eurosystem's non-standard monetary policy measures (ECB's total assets, excess reserves and the slope of the yield curve) and bank profitability measured as return on assets, pre-tax operating income and interest margins. This result is robust to different specifications and to different groups of banks. |
| Note: |
This collection includes a selection of research by students of the PhD Program in Applied Economics (UAB) and the Master of Applied Research in Economics and Business (MAREB) - specialization in Applied Economics |
| Rights: |
Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades.  |
| Language: |
Anglès |
| Series: |
Working papers GEAR ; 2020-04 |
| Document: |
Working paper |
| Subject: |
Non-standard Monetary ;
Policy Measures ;
Banking Sector ;
Profitability |
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