Measurement of capital stock and input services of Spanish banks

Alfredo Martin-Oliver, Vicente Salas-Fumás () and Jesús Saurina ()
Additional contact information
Vicente Salas-Fumás: Banco de España
Jesús Saurina: Banco de España

No 711, Working Papers from Banco de España

Abstract: This paper contains estimates of physical and intangible (information technology, advertising and training) capital stock, together with capital, labor and externally provided input services, of Spanish commercial and saving banks in the period 1983 to 2003. Capital stocks are valued at replacement costs and assets’ services flows are computed using estimates of the risk-adjusted user cost of capital. Replacement costs of assets are substantially higher than book values and economic estimates of costs of input services allow for more accurate measures of efficiency and productivity of banks.

Keywords: Spanish banks; intangible assets; cost of capital services (search for similar items in EconPapers)
JEL-codes: G21 G31 M41 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2007-05
New Economics Papers: this item is included in nep-acc, nep-ban, nep-eec and nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.bde.es/f/webbde/SES/Secciones/Publicaci ... o/07/Fic/dt0711e.pdf First version, May 2007 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bde:wpaper:0711

Access Statistics for this paper

More papers in Working Papers from Banco de España Contact information at EDIRC.
Bibliographic data for series maintained by Ángel Rodríguez. Electronic Dissemination of Information Unit. Research Department. Banco de España ().