4.7 Article

European bank profitability: The great convergence?

Related references

Note: Only part of the references are listed.
Article Business, Finance

Sovereign Exposures of European Banks: It Is Not All Doom

Martien Lamers et al.

Summary: This study examines whether European banks' holdings of sovereign bonds are influenced by the risk-return trade-off. The findings reveal that during the sovereign debt crisis, banks exhibited risk-taking behavior due to moral suasion. However, in the period 2015-2018, banks' investments in sovereign bonds were driven by sound risk-return considerations, indicating a reduction in the doom loop. This trend was primarily observed among banks in core European countries, while banks in GIPS countries did not show similar behavior.

JOURNAL OF RISK AND FINANCIAL MANAGEMENT (2022)

Article Business, Finance

Bank performance in Europe and the US: A divergence in market-to-book ratios

Mathieu Simoens et al.

Summary: During the period from 2007 to 2017, the market-to-book ratios of European and US banks diverged significantly, with higher valuations in the US driven by profitability and cost efficiency. The underperformance in Europe may be attributed to declines in net interest margin, low policy rates, inadequate resolution of non-performing loans, and an increasing share of deposits. This highlights the importance of provisioning and NPL resolution in Europe, and suggests that low policy rates for an extended period may have a negative impact on bank franchise values.

FINANCE RESEARCH LETTERS (2021)

Article Economics

Bank intermediation activity in a low-interest-rate environment

Michael Brei et al.

ECONOMIC NOTES (2020)

Article Management

Productivity growth in network models: An application to banking during the financial crisis

Stavros A. Kourtzidis et al.

JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY (2019)

Article Business, Finance

Bank margins and profits in a world of negative rates

Philip Molyneux et al.

JOURNAL OF BANKING & FINANCE (2019)

Article Business, Finance

Profitability shocks and recovery in time of crisis evidence from European banks

Paola Bongini et al.

FINANCE RESEARCH LETTERS (2019)

Article Business, Finance

The effect of supranational banking supervision on the financial sector: Event study evidence from Europe

Florian Loipersberger

JOURNAL OF BANKING & FINANCE (2018)

Article Business, Finance

Low-For-Long interest rates and banks' interest margins and profitability: Cross-country evidence

Stijn Claessens et al.

JOURNAL OF FINANCIAL INTERMEDIATION (2018)

Article Business, Finance

Bank bailouts in Europe and bank performance

Maria Gerhardt et al.

FINANCE RESEARCH LETTERS (2017)

Article Business, Finance

The influence of monetary policy on bank profitability

Claudio Borio et al.

INTERNATIONAL FINANCE (2017)

Article Business, Finance

Bank productivity growth and convergence in the European Union during the financial crisis

Marta Degl'Innocenti et al.

JOURNAL OF BANKING & FINANCE (2017)

Article Business, Finance

The greatest carry trade ever? Understanding eurozone bank risks

Viral V. Acharya et al.

JOURNAL OF FINANCIAL ECONOMICS (2015)

Article Business, Finance

Systemic Banking Crises Database

Luc Laeven et al.

IMF ECONOMIC REVIEW (2013)

Article Management

Integration and efficiency convergence in EU banking markets

Barbara Casu et al.

OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE (2010)

Article Economics

ECONOMIC TRANSITION AND GROWTH

Peter C. B. Phillips et al.

JOURNAL OF APPLIED ECONOMETRICS (2009)

Article Business, Finance

The real effect of banking crises

Giovanni Dell'Ariccia et al.

JOURNAL OF FINANCIAL INTERMEDIATION (2008)

Article Economics

Transition modeling and econometric convergence tests

Peter C. B. Phillips et al.

ECONOMETRICA (2007)