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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. i 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, br. 1, 2022, str. 45-54. https://doi.org/10.51680/ev.35.1.4

Ercegovac, Roberto, Ante Tolj i 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, br. 1 (2022): 45-54. https://doi.org/10.51680/ev.35.1.4

Ercegovac, R., Tolj, A. i 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), str. 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. [pristupljeno 19.11.2024.];35(1):45-54. doi: 10.51680/ev.35.1.4

R. Ercegovac, A. Tolj i 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, br. 1, str. 45-54, 2022. [Online]. Dostupno na: https://urn.nsk.hr/urn:nbn:hr:227:190982. [Citirano: 19.11.2024.]

Za citiranje koristite ovu mrežnu adresu: https://urn.nsk.hr/urn:nbn:hr:227:190982
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Podaci o radu
Naslov (engleski)The pass-through effect of unconventional monetary policy to net interest income structure of European banks
AutorRoberto Ercegovac
AutorAnte Tolj
AutorDamir Piplica
Autorova ustanovaSveučilište u Splitu
Ekonomski fakultet
Autorova ustanovaSveučilište u Splitu
Prirodoslovno-matematički fakultet
Autorova ustanovaSveučilište u Splitu
Sveučilišni odjel za forenzične znanosti
Znanstveno / umjetničko
područje, polje i grana		DRUŠTVENE ZNANOSTI
Ekonomija
Sažetak (engleski)
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.
Ključne riječi (engleski)
Jezikengleski
Vrsta publikacijeZnanstveni rad - Izvorni znanstveni rad
Status objaveObjavljen
Vrsta recenzijeRecenziran
Verzija publikacijeObjavljena verzija rada (izdavačev PDF)
Naslov časopisaEkonomski vjesnik : Review of Contemporary Entrepreneurship, Business, and Economic Issues
Brojčani podacivol. 35, br. 1, str. 45-54
p-ISSN0353-359X
e-ISSN1847-2206
DOIhttps://doi.org/10.51680/ev.35.1.4
URN:NBNurn:nbn:hr:227:190982
Datum objave publikacije2022
URL dokumentahttps://hrcak.srce.hr/280661
Vrsta resursaTekst
Prava pristupaOtvoreni pristup
Uvjeti korištenjaIkona licence Imenovanje-Nekomercijalno-Bez prerada 4.0 međunarodna (CC BY-NC-ND 4.0)
Datum i vrijeme pohrane2024-07-04 07:55:39