Matches in SemOpenAlex for { <https://semopenalex.org/work/W1758903099> ?p ?o ?g. }
- W1758903099 abstract "How does bank profitability vary with interest rates? We present a model of a monopolistically competitive bank subject to repricing frictions, and test the model’s predictions using a unique panel data set on UK banks. We find evidence that large banks retain a residual exposure to interest rates, even after accounting for hedging activity operating through the trading book. In the long run, both level and slope of the yield curve contribute positively to profitability. In the short run, however, increases in market rates compress interest margins, consistent with the presence of non negligible loan pricing frictions." @default.
- W1758903099 created "2016-06-24" @default.
- W1758903099 creator A5072381602 @default.
- W1758903099 creator A5083818975 @default.
- W1758903099 date "2012-01-01" @default.
- W1758903099 modified "2023-09-23" @default.
- W1758903099 title "Simple Banking: Profitability and the Yield Curve" @default.
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- W1758903099 doi "https://doi.org/10.2139/ssrn.2093394" @default.
- W1758903099 hasPublicationYear "2012" @default.
- W1758903099 type Work @default.