Is there a financial accelerator in European banking?

Yener Altunbas, Caterina Di Tommaso and John Thornton

Finance Research Letters, 2016, vol. 17, issue C, 218-221

Abstract: We show that price-cost margins for European banks are countercyclical after controlling for monetary policy, interest rate risk, and several banking industry and bank-specific factors. Our results support the existence of a “financial accelerator” at work in European economies.

Keywords: Banks’ margins; Business cycles; Financial accelerator (search for similar items in EconPapers)
JEL-codes: E32 E44 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:17:y:2016:i:c:p:218-221

DOI: 10.1016/j.frl.2016.03.020

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