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dc.contributor.authorMartín Oliver, Alfredo
dc.coverage.spatialZona euro
dc.coverage.spatialEspaña
dc.date.accessioned2019-08-10T17:57:10Z
dc.date.available2019-08-10T17:57:10Z
dc.date.issued2010-03-22
dc.identifier.issnISSN: 0213-2710 (en papel)
dc.identifier.issnISSN: 1579-8666 (en línea)
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/7023
dc.description.abstractThis paper examines the nature of competition in the Spanish banking industry during the years before and after Spain joined the European Monetary Union (EMU). The paper models competition in a product-differentiated market where banks choose from a list of price (interest rates of loans and deposits) and non-price variables (branches, advertising, IT capital). The empirically estimated demand and cost functions are used to simulate the values of the endogenous variables of the representative bank in response to the historically low official interest rates of the post Euro period. The results show that there has been a convergence in the levels of price competition in the loans and deposits markets during the post Euro period. Additionally, the paper finds that branches have lost weight in the mix of competition variables in benefit of advertising and IT capital. This is interpreted as evidence that traditional proximity banking is evolving towards distant banking. Finally, the simulation results highlight the high imbalances between loans and deposits for the representative bank in the regime of low official interest rates of the Euro zone
dc.format.extent40 p. : tab., gráf.
dc.language.isoen
dc.publisherBanco de España
dc.relation.ispartofDocumentos de Trabajo / Banco de España, 1008
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectBanking competition
dc.subjectProduct differentiation
dc.subjectIntangibles
dc.subjectSimulation
dc.titleFrom proximity to distant banking : spanish banks in the EMU
dc.typeDocumento de trabajo
dc.identifier.bdebib000275102
dc.identifier.bdepubDTRA-201008-eng
dc.subject.bdeInstituciones crediticias de depósito
dc.publisher.bdeMadrid : Banco de España, 2010
dc.subject.jelG21
dc.subject.jelD24
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