Research output per year
Research output per year
Wilko Bolt, Leo de Haan, Marco Hoeberichts, Maarten R C van Oordt*, Job Swank
Research output: Contribution to Journal › Article › Academic › peer-review
This paper contributes to the literature on the relation between bank profitability and economic activity. When allowing for stronger co-movement of bank profit with economic activity during deep recessions, we find a much larger impact of output growth on bank profitability than commonly found in the literature. Among the different components of bank profit, loan losses are the main driver of this result. We also find long-term interest rates in previous years to be important determinants of bank profit in times of high economic growth. Our findings are robust to the use of aggregate or individual bank data.
Original language | English |
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Pages (from-to) | 2552-2564 |
Number of pages | 13 |
Journal | Journal of Banking and Finance |
Volume | 36 |
Issue number | 9 |
DOIs | |
Publication status | Published - Sept 2012 |
Research output: Contribution to Journal › Article › Professional