Disentangling the transmission channel NPLs-cost of capital-lending supply

Chiesa, Gabriella; Mansilla Fernández, José Manuel

doi:10.1080/13504851.2018.1558335

dc.creator	Chiesa, Gabriella	es_ES
dc.creator	Mansilla Fernández, José Manuel	es_ES
dc.date.accessioned	2019-10-22T08:33:01Z
dc.date.available	2020-07-15T23:00:12Z
dc.date.issued	2018
dc.identifier.issn	1350-4851
dc.identifier.uri	https://hdl.handle.net/2454/35272
dc.description.abstract	This paper analyses the effects of non-performing loans (NPLs) on the cost of capital, and on lending and liquidity supply, for a sample of 225 Eurozone banks over the period 2002Q1-2016Q4. Our results demonstrate that NPLs increase the cost of capital, which reduces both lending supply and liquidity creation. This phenomenon is comparatively more significant for periphery county banks than for core country banks.	en
dc.format.extent	15 p.
dc.format.mimetype	application/pdf	en
dc.language.iso	eng	en
dc.publisher	Routledge	en
dc.relation.ispartof	Applied Economics Letters 2019, vol. 26, no. 16, 1333-1338	en
dc.rights	© 2018 Informa UK Limited, trading as Taylor & Francis Group.	en
dc.subject	Cost of capital	en
dc.subject	Credit supply	en
dc.subject	Leverage	en
dc.subject	Liquidity creation	en
dc.subject	NPLs	en
dc.title	Disentangling the transmission channel NPLs-cost of capital-lending supply	en
dc.type	info:eu-repo/semantics/article	en
dc.type	Artículo / Artikulua	es
dc.contributor.department	Gestión de Empresas	es_ES
dc.contributor.department	Enpresen Kudeaketa	eu
dc.rights.accessRights	info:eu-repo/semantics/openAccess	en
dc.rights.accessRights	Acceso abierto / Sarbide irekia	es
dc.embargo.terms	2020-07-15
dc.identifier.doi	10.1080/13504851.2018.1558335
dc.relation.publisherversion	https://doi.org/10.1080/13504851.2018.1558335
dc.type.version	info:eu-repo/semantics/acceptedVersion	en
dc.type.version	Versión aceptada / Onetsi den bertsioa	es

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