dc.contributor.author | Nguyen, Sang | |
dc.date.accessioned | 2021-05-30T16:23:00Z | |
dc.date.available | 2021-05-30T16:23:00Z | |
dc.date.issued | 2021 | |
dc.identifier.uri | https://jyx.jyu.fi/handle/123456789/76066 | |
dc.description.abstract | This study examines the impacts of the sovereign risk premium on bank profitability of 154 Eurozone banks between 2005 and 2019, using the differenced generalized method of moments. Contrary to previous literature results, banks' net interest margin actually benefits from the low and negative rate policy. Meanwhile, the overall profitability measures experience contraction due to the same effect. This puzzle can be explained by the shift towards the low-cost wholesale-based funding of banks in the Euro area. Simultaneously, such banks set aside more loan loss provisions because of the increment in overall risk of the economy. These results open up new research direction on how much interbank funding has been raised to facilitate new loans and how much of it has been for liquidity requirements. In the same manner, further research should be carried to see whether the benefits from the low-priced interbank markets funding are offset by extra costs caused by a higher ratio of loan loss provisions. | en |
dc.format.extent | 67 | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en | |
dc.subject.other | sovereign risk premium | |
dc.subject.other | low and negative rates | |
dc.subject.other | unconventional monetary policy | |
dc.title | Impacts of sovereign risk premium on bank profitability : evidence from euro erea | |
dc.identifier.urn | URN:NBN:fi:jyu-202105303311 | |
dc.type.ontasot | Pro gradu -tutkielma | fi |
dc.type.ontasot | Master’s thesis | en |
dc.contributor.tiedekunta | Kauppakorkeakoulu | fi |
dc.contributor.tiedekunta | School of Business and Economics | en |
dc.contributor.laitos | Taloustieteet | fi |
dc.contributor.laitos | Business and Economics | en |
dc.contributor.yliopisto | Jyväskylän yliopisto | fi |
dc.contributor.yliopisto | University of Jyväskylä | en |
dc.contributor.oppiaine | Taloustiede | fi |
dc.contributor.oppiaine | Economics | en |
dc.rights.copyright | Julkaisu on tekijänoikeussäännösten alainen. Teosta voi lukea ja tulostaa henkilökohtaista käyttöä varten. Käyttö kaupallisiin tarkoituksiin on kielletty. | fi |
dc.rights.copyright | This publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited. | en |
dc.type.publication | masterThesis | |
dc.contributor.oppiainekoodi | 2041 | |
dc.subject.yso | kannattavuus | |
dc.subject.yso | pankit | |
dc.subject.yso | rahapolitiikka | |
dc.subject.yso | finanssikriisit | |
dc.subject.yso | profitability | |
dc.subject.yso | banks (monetary institutions) | |
dc.subject.yso | monetary policy | |
dc.subject.yso | financial crises | |
dc.format.content | fulltext | |
dc.rights.accessrights | Tekijä ei ole antanut lupaa avoimeen julkaisuun, joten aineisto on luettavissa vain Jyväskylän yliopiston kirjaston arkistotyösemalta. Ks. https://kirjasto.jyu.fi/kokoelmat/arkistotyoasema.. | fi |
dc.rights.accessrights | The author has not given permission to make the work publicly available electronically. Therefore the material can be read only at the archival workstation at Jyväskylä University Library (https://kirjasto.jyu.fi/collections/archival-workstation). | en |
dc.type.okm | G2 | |