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Banking sector concentration, credit shocks and aggregate fluctuations
dc.contributor.author | Alfarano, Simone | |
dc.contributor.author | Blanco Arroyo, Omar | |
dc.date.accessioned | 2022-09-30T10:17:57Z | |
dc.date.available | 2022-09-30T10:17:57Z | |
dc.date.issued | 2022-07-14 | |
dc.identifier.citation | ALFARANO, Simone; BLANCO-ARROYO, Omar. Banking sector concentration, credit shocks and aggregate fluctuations. Economics Letters, 2022, vol. 218, p. 110709. | ca_CA |
dc.identifier.uri | http://hdl.handle.net/10234/200063 | |
dc.description.abstract | This paper studies whether the raise in concentration experienced by the Spanish banking sector has lead to the increase of bank-specific credit shocks contribution to aggregate credit. We decompose aggregate credit volatility and find that (i) the Spanish banking sector is granular, (ii) the direct effect of bank-specific shocks accounts for the overwhelming majority of the variation in aggregate volatility, contrary to the manufacturing sector, and (iii) the raise in concentration translated into an increase of bank-specific shocks contribution to aggregate volatility. | ca_CA |
dc.description.sponsorShip | Funding for open access charge: CRUE-Universitat Jaume I | |
dc.format.extent | 4 p. | ca_CA |
dc.format.mimetype | application/pdf | ca_CA |
dc.language.iso | eng | ca_CA |
dc.publisher | Elsevier | ca_CA |
dc.relation.isPartOf | Economics Letters, Volume 218, September 2022 | ca_CA |
dc.rights | © 2022 The Author(s). Published by Elsevier B.V. | ca_CA |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | ca_CA |
dc.subject | Granular residual | ca_CA |
dc.subject | Idiosyncratic shocks | ca_CA |
dc.subject | Banking sector | ca_CA |
dc.subject | Manufacturing sector | ca_CA |
dc.subject | Concentration | ca_CA |
dc.subject | Aggregate fluctuations | ca_CA |
dc.title | Banking sector concentration, credit shocks and aggregate fluctuations | ca_CA |
dc.type | info:eu-repo/semantics/article | ca_CA |
dc.identifier.doi | https://doi.org/10.1016/j.econlet.2022.110709 | |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | ca_CA |
dc.type.version | info:eu-repo/semantics/publishedVersion | ca_CA |
project.funder.name | Generalitat Valenciana | ca_CA |
project.funder.name | Universitat Jaume I | ca_CA |
oaire.awardNumber | AICO/2021/005 | ca_CA |
oaire.awardNumber | UJI-B2021-66 | ca_CA |
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