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dc.creatorChiesa, Gabriellaes_ES
dc.creatorMansilla Fernández, José Manueles_ES
dc.date.accessioned2020-07-09T09:51:35Z
dc.date.issued2020
dc.identifier.issn0340-8744
dc.identifier.urihttps://hdl.handle.net/2454/37315
dc.description.abstractThis paper analyses the transmission channel from non-performing loans to the cost of capital, credit provision and liquidity creation in the banks of the Eurozone. The empirical results suggest that holdings of non-performing loans increase both the long- and short-term cost of capital for banks. Moreover, the less capitalized the bank, the greater the reduction in credit provision and liquidity creation due to the increased cost of capital. This phenomenon is found to be more economically significant for European periphery country banks than for core country banks. The identification of the transmission channel is robust to the Granger predictability test.en
dc.description.sponsorshipJosé Manuel Mansilla-Fernández gratefully acknowledges Financial Support from ECO2016-77631-R (Ministerio de Economía y Competitividad).en
dc.format.extent36 p.
dc.format.mimetypeapplication/pdfen
dc.language.isoengen
dc.publisherSpringeren
dc.relation.ispartofEmpirica, 2020en
dc.rights© 2020, Springer Natureen
dc.subjectCost of capitalen
dc.subjectCredit supplyen
dc.subjectLiquidity creationen
dc.subjectNPLsen
dc.subjectSovereign debt crisisen
dc.titleThe dynamic effects of non-performing loans on banks’ cost of capital and lending supply in the Eurozoneen
dc.typeinfo:eu-repo/semantics/articleen
dc.typeArtículo / Artikuluaes
dc.contributor.departmentUniversidad Pública de Navarra. Departamento de Gestión de Empresases_ES
dc.contributor.departmentNafarroako Unibertsitate Publikoa. Enpresen Kudeaketa Sailaeu
dc.contributor.departmentUniversidad Pública de Navarra / Nafarroako Unibertsitate Publikoa. Inarbe - Institute for Advanced Research in Business and Economicses_ES
dc.rights.accessRightsinfo:eu-repo/semantics/embargoedAccessen
dc.rights.accessRightsAcceso embargado / Sarbidea bahitua dagoes
dc.embargo.lift2021-03-20
dc.embargo.terms2021-03-20
dc.identifier.doi10.1007/s10663-020-09475-5
dc.relation.projectIDinfo:eu-repo/grantAgreement/ES/1PE/ECO2016-77631-Ren
dc.relation.publisherversionhttps://doi.org/10.1007/s10663-020-09475-5
dc.type.versioninfo:eu-repo/semantics/acceptedVersionen
dc.type.versionVersión aceptada / Onetsi den bertsioaes


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