prikaz prve stranice dokumenta The pass-through effect of unconventional monetary policy to net interest income structure of European banks
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Scientific paper - Original scientific paper
The pass-through effect of unconventional monetary policy to net interest income structure of European banks
Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, 35 (2022), 1; 45-54. https://doi.org/10.51680/ev.35.1.4
Ercegovac, Roberto; Tolj, Ante; Piplica, Damir

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Ercegovac, R., Tolj, A. & Piplica, D. (2022). The pass-through effect of unconventional monetary policy to net interest income structure of European banks. Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, 35. (1), 45-54. doi: 10.51680/ev.35.1.4

Ercegovac, Roberto, et al. "The pass-through effect of unconventional monetary policy to net interest income structure of European banks." Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, vol. 35, no. 1, 2022, pp. 45-54. https://doi.org/10.51680/ev.35.1.4

Ercegovac, Roberto, Ante Tolj and Damir Piplica. "The pass-through effect of unconventional monetary policy to net interest income structure of European banks." Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues 35, no. 1 (2022): 45-54. https://doi.org/10.51680/ev.35.1.4

Ercegovac, R., Tolj, A. and Piplica, D. (2022) 'The pass-through effect of unconventional monetary policy to net interest income structure of European banks', Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, 35(1), pp. 45-54. doi: 10.51680/ev.35.1.4

Ercegovac R, Tolj A, Piplica D. The pass-through effect of unconventional monetary policy to net interest income structure of European banks. Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues [Internet]. 2022 [cited 2024 November 01];35(1):45-54. doi: 10.51680/ev.35.1.4

R. Ercegovac, A. Tolj and D. Piplica, "The pass-through effect of unconventional monetary policy to net interest income structure of European banks", Ekonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues, vol. 35, no. 1, pp. 45-54, 2022. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:227:190982. [Accessed: 01 November 2024]

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Metadata
Title (english)The pass-through effect of unconventional monetary policy to net interest income structure of European banks
AuthorRoberto Ercegovac
AuthorAnte Tolj
AuthorDamir Piplica
Author's institutionUniversity of Split
Faculty of economics Split
Author's institutionUniversity of Split
Faculty of Science
Author's institutionUniversity of Split
University Department of Forensic Sciences
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
Purpose: Financial banking intermediaries are sensitive to changes in market interest rates. The volatility of market interest rates affects the level of bank net interest income and determines the bank interest rate policy. Banks are actively managing structural interest rate risks to mitigate the negative effects of changes in market interest rates. The post-crisis period is characterised by unconventional monetary policy, and one of the basic objectives of the monetary instrument is a negative interest rate policy. This paper researches the effects on the bank net interest income structure with an impact on bank performance indicators. The basic research hypothesis is that during the financial crisis and a negative interest rate policy, the movement of bank interest income does not converge compared to a bank interest expense. Methodology: According to the characteristics of the dataset, which includes 32 listed banks from Great Britain, Switzerland and the European Union for the period 2002-2019, panel data analysis is applied. To analyse the effect of the interest rate level on total interest income and total interest expense, we formed two models. Fixed-effects models were used for parameter estimation. Results: A bank interest expense is more sensitive to unconventional macroeconomic policy than bank interest income. Conclusion: The traditional interest earning customer related business can enable banks to stabilise the bank performance indicator during market disruption.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleEkonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues
Numberingvol. 35, no. 1, pp. 45-54
p-ISSN0353-359X
e-ISSN1847-2206
DOIhttps://doi.org/10.51680/ev.35.1.4
URN:NBNurn:nbn:hr:227:190982
Publication2022
Document URLhttps://hrcak.srce.hr/280661
Type of resourceText
Access conditionsOpen access
Terms of useLicence Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) icon
Created on2024-07-04 07:55:39