Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154245
Authors: 
Stremmel, Hanno
Zsámboki, Balázs
Year of Publication: 
2015
Series/Report no.: 
ECB Working Paper 1812
Abstract: 
In this study, we explore the relationship between certain structural features of the banking sectors in EU Member States and the performance of the respective banking sectors over the financial cycle. Using the financial cycle indicator developed by Stremmel (2015), we estimate the impact of the structural features of the banking sector on the amplitude of the financial cycle. Our results suggest that the concentration of the banking sector, the share of foreign banks, the size and stability of financial institutions, the share of foreign currency loans and financial inter-linkages contribute to the amplitude and hence the variability of financial cycles. This study provides important insights into the appropriate design of various structural and cyclical policy instruments as well.
Subjects: 
banking sector characteristics
financial cycle
financial regulation
financial structure
JEL: 
E44
E61
G18
G21
G28
ISBN: 
978-92-899-1625-7
Document Type: 
Working Paper

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