The Financial Accelerator in Europe after the Financial Crisis

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F18%3A43915134" target="_blank" >RIV/62156489:43110/18:43915134 - isvavai.cz</a>

Výsledek na webu

<a href="https://doi.org/10.11118/ejobsat.v4i2.136" target="_blank" >https://doi.org/10.11118/ejobsat.v4i2.136</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.11118/ejobsat.v4i2.136" target="_blank" >10.11118/ejobsat.v4i2.136</a>

Jazyk výsledku

angličtina

Název v původním jazyce

The Financial Accelerator in Europe after the Financial Crisis

Popis výsledku v původním jazyce

This paper investigates the mechanism of a financial accelerator. In particular, it examines the procyclicality of credit margins in Europe after the financial crisis, with an additional split into small, medium and large-sized banks. The empirical analysis is in contrast with contemporary authors because it approves that the financial accelerator is not present on the European market after the financial crisis. It could be caused by multiple factors, for example structural changes during the financial crisis, a change in the behaviour of commercial banks or extremely low interest rates. We tested our hypothesis on a dataset that consists of a data panel with annual data for the period 1998-2015 and includes 2,489 banks from 36 European countries from the Bankscope database. We also provide robust empirical proof that such behaviour was not occurring during the financial crisis or after the financial crisis in the European banking system.

Název v anglickém jazyce

The Financial Accelerator in Europe after the Financial Crisis

Popis výsledku anglicky

This paper investigates the mechanism of a financial accelerator. In particular, it examines the procyclicality of credit margins in Europe after the financial crisis, with an additional split into small, medium and large-sized banks. The empirical analysis is in contrast with contemporary authors because it approves that the financial accelerator is not present on the European market after the financial crisis. It could be caused by multiple factors, for example structural changes during the financial crisis, a change in the behaviour of commercial banks or extremely low interest rates. We tested our hypothesis on a dataset that consists of a data panel with annual data for the period 1998-2015 and includes 2,489 banks from 36 European countries from the Bankscope database. We also provide robust empirical proof that such behaviour was not occurring during the financial crisis or after the financial crisis in the European banking system.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

European Journal of Business Science and Technology

ISSN

2336-6494

e-ISSN

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Svazek periodika

4

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

13

Strana od-do

143-155

Kód UT WoS článku

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EID výsledku v databázi Scopus

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