Cyclical Properties of Bank Margins: Small versus Large Banks
Daniel Schwam and
Additional contact information
Daniel Schwam: Federal Reserve Bank of Richmond
Yuzhe Zhang: Texas A&M University
Economic Quarterly, 2018, issue 1Q, 1-33
We study cyclical properties of the net interest margin (NIM) in the US banking sector in the aggregate as well as separately for small and large banks. In the aggregate and among large banks, NIM is countercyclical. Among small banks, however, NIM is procyclical. Further, we find that this result is driven by differences in the cyclical dynamics of small and large banks' funding costs rather than asset yields.
Keywords: NIM; net interest margin; banking (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.richmondfed.org/-/media/richmondfedorg ... 18/q1/grochulski.pdf Full text (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fip:fedreq:00056
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in Economic Quarterly from Federal Reserve Bank of Richmond Contact information at EDIRC.
Bibliographic data for series maintained by Christian Pascasio ().