Non-Performing Loans, Financial Stability, and Banking Competition: evidence for Listed and Non-Listed Eurozone Banks

• JOSÉ MANUEL MANSILLA FERNÁNDEZ ^[1]
  1. [1] Universidad Pública de Navarra

     Universidad Pública de Navarra

     Pamplona, España

     
• Localización: Hacienda Pública Española / Review of Public Economics, ISSN 0210-1173, Nº 232, 2020, págs. 29-52
• Idioma: español
• DOI: 10.7866/hpe-rpe.20.1.2
• Enlaces
  • Texto completo
• Resumen
  • español

    Este trabajo analiza los efectos de la morosidad crediticia y de la (in)estabilidad financiera sobre la competencia bancaria en los mercados de crédito de la zona euro. Los resultados sugieren que la mo- rosidad bancaria incrementa el coste marginal y el grado de competencia de los mercados bancarios. Este fenómeno es económicamente más significativo para los bancos no cotizados que para los bancos cotizados. Los resultados son robustos a posibles problemas de endogeneidad derivados de la recesión económica y de la crisis de deuda soberana sobre el crecimiento de la morosidad.

  • English

    This article analyses the effects of non-performing loans (NPLs hereafter) and financial (in)stability on banking competition in the Eurozone lending markets. Our results suggest that NPLs increase margin- al costs and the degree of competition in banking markets. This phenomenon is economically more significant for non-listed than for listed banks. The results are robust to any endogeneity due to the impact of the economic downturn and the sovereign debt crisis on the growth of NPLs.

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