The solvency of spanish credit institutions: A panel data analysis
This paper studies the determining factors that have influenced the solvency of Spanish credit institutions. Eight hypotheses are contrasted with data obtained from the annual accounts of credit institutions covering the period from 2004 to 2011.Two methodologies are used for testing the hypotheses....
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| Formato: | artículo |
| Fecha de publicación: | 2016 |
| País: | España |
| Recursos: | Universidad Autónoma de Madrid |
| Repositorio: | Biblos-e Archivo. Repositorio Institucional de la UAM |
| Idioma: | español |
| OAI Identifier: | oai:repositorio.uam.es:10486/685351 |
| Acesso em linha: | http://hdl.handle.net/10486/685351 https://dx.doi.org/10.1016/j.cesjef.2015.07.005 |
| Access Level: | acceso abierto |
| Palavra-chave: | Banks Crisis Savings banks Solvency Spanish financial system Economía |
| Resumo: | This paper studies the determining factors that have influenced the solvency of Spanish credit institutions. Eight hypotheses are contrasted with data obtained from the annual accounts of credit institutions covering the period from 2004 to 2011.Two methodologies are used for testing the hypotheses. Econometric models an unbalanced panel data was used for the first six. From the results, it appears that a there is a dependence on the wholesale markets and the socio-economic situation, which has led to an increase in arrears and decline, contributing negatively to solvency. The portfolio of assets, investment property, leverage, increase in personnel expenses and administration and marginal interest and other income contribute to higher solvency. For the last two hypotheses discriminant analysis is used. A contrast between the different behaviours presented by the variables used in the econometric model and two sub-groups within the sample, that is: savings banks and banks on the one hand and entities that have received aid and on the other hand those that have not needed it. The results indicate that differences do exist between entities without aid, although not between commercial and savings banks. |
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