| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11842 |
| DP11842 "Low-For-Long” Interest Rates and Banks’ Interest Margins and Profitability: Cross-Country Evidence | |
| Stijn Claessens; Nicholas Coleman; Michael Donnelly | |
| 发表日期 | 2017-02-10 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Interest rates in many advanced economies have been low for almost a decade now and are often expected to remain so. This creates challenges for banks. Using a sample of 3,385 banks from 47 countries from 2005 to 2013, we find that a one percentage point interest rate drop implies an 8 basis points lower net interest margin, with this effect greater (20 basis points) at low rates. Low rates also adversely affect bank profitability, but with more variation. And for each additional year of “low for long”, margins and profitability fall by another 9 and 6 basis points, respectively. |
| 主题 | Financial Economics |
| 关键词 | Interest rates Bank profitability Net interest margin Low-for-long |
| URL | https://cepr.org/publications/dp11842 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540655 |
| 推荐引用方式 GB/T 7714 | Stijn Claessens,Nicholas Coleman,Michael Donnelly. DP11842 "Low-For-Long” Interest Rates and Banks’ Interest Margins and Profitability: Cross-Country Evidence. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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