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Mansilla Fernández, José Manuel

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https://academica-e.unavarra.es/handle/2454/49495

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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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2018 - 20203
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Subject: NPLs ×

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Now showing 1 - 3 of 3
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    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.
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    PublicationOpen Access
    The dynamic effects of non-performing loans on banks’ cost of capital and lending supply in the Eurozone
    (Springer, 2020) Chiesa, Gabriella; Mansilla Fernández, José Manuel; Enpresen Kudeaketa; Institute for Advanced Research in Business and Economics - INARBE; Gestión de Empresas
    This 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.
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    PublicationOpen Access
    Disentangling the transmission channel NPLs-cost of capital-lending supply
    (Routledge, 2018) Chiesa, Gabriella; Mansilla Fernández, José Manuel; Gestión de Empresas; Enpresen Kudeaketa
    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.