Effects of economic variables on NPLs depending on the economic cycle
| Autor: | Salvador Climent-Serrano |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Statistics and Probability
Economics and Econometrics Solvency Variables media_common.quotation_subject 05 social sciences Monetary economics Bad debt Recession Interest rate Mathematics (miscellaneous) Loan 0502 economics and business Unemployment Economics Business cycle 050207 economics Social Sciences (miscellaneous) 050205 econometrics media_common |
| Zdroj: | Empirical Economics. 56:325-340 |
| ISSN: | 1435-8921 0377-7332 |
| DOI: | 10.1007/s00181-017-1362-y |
| Popis: | Late payments are a major problem for Spanish banks. This paper studies as determinants of loan delinquency: unemployment, interest rates, inflation, housing prices, leverage, bad debt coverage and solvency, which were the main problems facing the Spanish economy between 2004 and 2015, and also examines these determinants in periods of growth and recession. The results show that the price of housing, bad debt coverage, interest rates and solvency are the variables with the greatest impact on NPLs. Furthermore, differences exist in the behaviour of variables during periods of growth compared with periods of recession. Inertia of the dependent variable has also been detected. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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