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Non-Performing loans, financial stability, and banking competition: evidence for listed and non-listed Eurozone banks

José Manuel Mansilla-Fernández ()
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José Manuel Mansilla-Fernández: Universidad Pública de Navarra

Hacienda Pública Española / Review of Public Economics, 2020, vol. 232, issue 1, 29-52

Abstract: This article analyses the effects of non-performing loans (NPLs hereafter) and financial (in)stability on banking competition in the Eurozone lending markets. Our results suggest that NPLs increase margin¬al costs and the degree of competition in banking markets. This phenomenon is economically more significant for non-listed than for listed banks. The results are robust to any endogeneity due to the impact of the economic downturn and the sovereign debt crisis on the growth of NPLs.

Keywords: Bank competition; banking and financial crisis; listed banks; NPLs; sovereign debt crisis. (search for similar items in EconPapers)
JEL-codes: G01 G21 G32 H63 (search for similar items in EconPapers)
Date: 2020
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Handle: RePEc:hpe:journl:y:2020:v:232:i:1:p:29-52