Person:
Mansilla Fernández, José Manuel

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Mansilla Fernández

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José Manuel

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Gestión de Empresas

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INARBE. Institute for Advanced Research in Business and Economics

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0000-0002-9785-0217

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811618

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Now showing 1 - 2 of 2
  • PublicationOpen Access
    Non-performing loans, financial stability, and banking competition: evidence for listed and non-listed eurozone banks
    (Instituto de Estudios Fiscales, 2020) Mansilla Fernández, José Manuel; Institute for Advanced Research in Business and Economics - INARBE
    Este trabajo analiza los efectos de la morosidad crediticia y de la (in)estabilidad financiera sobre la competencia bancaria en los mercados de crédito de la zona euro. Los resultados sugieren que la morosidad bancaria incrementa el coste marginal y el grado de competencia de los mercados bancarios. Este fenómeno es económicamente más significativo para los bancos no cotizados que para los bancos cotizados. Los resultados son robustos a posibles problemas de endogeneidad derivados de la recesión económica y de la crisis de deuda soberana sobre el crecimiento de la morosidad.
  • PublicationOpen Access
    Unconventional monetary policy, competition and financial stability. Evidence from the Eurozone banks
    (Asociación Internacional de Economía Aplicada (ASEPELT), 2020) Mansilla Fernández, José Manuel; Bakaikoa Pedrosa, Ane; Gestión de Empresas; Enpresen Kudeaketa
    This article analyses the effects of the ECB’s negative interest rates (or unconventional) policy on the degree of banking competition, lending and deposit supply, and financial stability. Using a dataset comprising 191 Eurozone banks for the 2002Q1-2016Q4 period, our results suggest that negative interest rates (i) increase banks’ lending and deposit supply, (ii) reduce banking competition, and (iii) weaken financial stability. This phenomenon is economically more significant for periphery country banks than for core country banks.