Prepayment Risk in Banking: Empirical Evidence from the Czech Republic
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F22%3A10456338" target="_blank" >RIV/00216208:11230/22:10456338 - isvavai.cz</a>
Výsledek na webu
<a href="https://doi.org/10.1007/978-3-030-99873-8_9" target="_blank" >https://doi.org/10.1007/978-3-030-99873-8_9</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/978-3-030-99873-8_9" target="_blank" >10.1007/978-3-030-99873-8_9</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Prepayment Risk in Banking: Empirical Evidence from the Czech Republic
Popis výsledku v původním jazyce
This paper deals with prepayment risks in banking and provides empirical evidence from the Czech banking sector. The prepayment risk of a loan can be viewed as an embedded option for a client to refinance his mortgage with a lower interest rate. Conversely, it holds that the clients' profit means a loss to the bank as a mortgage provider. Our analysis quantifies the impact of early repayment of a mortgage on the balance sheets of three different types of banks, which differ in the structure of their financing. In particular, we examine the negative effects of prepaid mortgages on the interest margins of these banks. The results of models have shown that these prepayments risks not only were theoretical, but they were also reflected in the decreasing net interest margin of the Czech banking sector in the 2019-2020 period. (C) 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Název v anglickém jazyce
Prepayment Risk in Banking: Empirical Evidence from the Czech Republic
Popis výsledku anglicky
This paper deals with prepayment risks in banking and provides empirical evidence from the Czech banking sector. The prepayment risk of a loan can be viewed as an embedded option for a client to refinance his mortgage with a lower interest rate. Conversely, it holds that the clients' profit means a loss to the bank as a mortgage provider. Our analysis quantifies the impact of early repayment of a mortgage on the balance sheets of three different types of banks, which differ in the structure of their financing. In particular, we examine the negative effects of prepaid mortgages on the interest margins of these banks. The results of models have shown that these prepayments risks not only were theoretical, but they were also reflected in the decreasing net interest margin of the Czech banking sector in the 2019-2020 period. (C) 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
—
OECD FORD obor
50201 - Economic Theory
Návaznosti výsledku
Projekt
—
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2022
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
Springer Proceedings in Business and Economics
ISBN
978-3-030-99872-1
ISSN
2198-7246
e-ISSN
—
Počet stran výsledku
20
Strana od-do
109-128
Název nakladatele
Springer Nature
Místo vydání
Cham
Místo konání akce
Prague
Datum konání akce
3. 6. 2021
Typ akce podle státní příslušnosti
WRD - Celosvětová akce
Kód UT WoS článku
—