Unconventional monetary policy, competition and financial stability. Evidence from the Eurozone banks

Mansilla Fernández, José Manuel; Bakaikoa Pedrosa, Ane

Publication:
Unconventional monetary policy, competition and financial stability. Evidence from the Eurozone banks

dc.contributor.author	Mansilla Fernández, José Manuel
dc.contributor.author	Bakaikoa Pedrosa, Ane
dc.contributor.department	Gestión de Empresas	es_ES
dc.contributor.department	Enpresen Kudeaketa	eu
dc.date.accessioned	2020-01-02T11:39:14Z
dc.date.available	2022-01-01T00:00:12Z
dc.date.issued	2020
dc.description.abstract	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.	en
dc.description.sponsorship	José Manuel Mansilla Fernández gratefully acknowledges financial support from ECO2016-77631- R (Ministerio de Economía y Competitividad).	en
dc.embargo.lift	2022-01-01
dc.embargo.terms	2022-01-01
dc.format.extent	33 p.
dc.format.mimetype	application/pdf	en
dc.identifier.doi	10.25115/eae.v38i1.2970 (erróneo)
dc.identifier.issn	1697-5731 (Electronic)
dc.identifier.uri	https://academica-e.unavarra.es/handle/2454/35969
dc.language.iso	eng	en
dc.publisher	Asociación Internacional de Economía Aplicada (ASEPELT)	es_ES
dc.relation.ispartof	Estudios de Economía Aplicada vol. 38, núm. 1 (2020)	es_ES
dc.relation.projectID	info:eu-repo/grantAgreement/ES/1PE/ECO2016-77631-R	en
dc.rights.accessRights	info:eu-repo/semantics/openAccess
dc.subject	Bank competition	en
dc.subject	Financial stability	en
dc.subject	Lending and deposit supply	en
dc.subject	Negative interest rates	en
dc.subject	Quantitative easing	en
dc.title	Unconventional monetary policy, competition and financial stability. Evidence from the Eurozone banks	en
dc.title.alternative	Política monetaria no-convencional, competencia, y estabilidad financiera. Evidencia para los bancos de la zona euro	es_ES
dc.type	info:eu-repo/semantics/article
dc.type.version	Versión aceptada / Onetsi den bertsioa	es
dc.type.version	info:eu-repo/semantics/acceptedVersion	en
dspace.entity.type	Publication
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