首页 | 本学科首页   官方微博 | 高级检索  
     检索      


Bank lending margins in the euro area: Funding conditions,fragmentation and ECB's policies
Authors:Helen Louri  Petros M Migiakis
Abstract:In this paper we study the determinants of lending margins paid by euro‐area corporates for their bank loans. Across two separate groups of countries (distressed and non‐distressed) we examine whether lending margins have been affected by structural changes in the banking sector, the credit and liquidity position of banks and the costs of funding in the corporate and sovereign bond markets. The role of ECB policies with respect to narrowing down the fragmentation in the bank lending channel is also investigated through a structural panel VAR model for the period 2003:1 to 2014:12.
Keywords:bank lending margins  ECB's policies  financial fragmentation  funding conditions  structural panel VAR
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号