{"title":"银行利润率的周期性特征:小型银行与大型银行的对比","authors":"Borys Grochulski, D. Schwam, Yuzhe Zhang","doi":"10.21144/eq1040101","DOIUrl":null,"url":null,"abstract":"We study cyclical properties of the net interest margin (NIM) in the US banking sector in the aggregate as well as separately for small and large banks. In the aggregate and among large banks, NIM is countercyclical. Among small banks, however, NIM is procyclical. Further, we find that this result is driven by differences in the cyclical dynamics of small and large banks' funding costs rather than asset yields.","PeriodicalId":186638,"journal":{"name":"Federal Reserve Bank of Richmond Research Publications","volume":"42 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2018-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"Cyclical Properties of Bank Margins: Small Versus Large Banks\",\"authors\":\"Borys Grochulski, D. Schwam, Yuzhe Zhang\",\"doi\":\"10.21144/eq1040101\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"We study cyclical properties of the net interest margin (NIM) in the US banking sector in the aggregate as well as separately for small and large banks. In the aggregate and among large banks, NIM is countercyclical. Among small banks, however, NIM is procyclical. Further, we find that this result is driven by differences in the cyclical dynamics of small and large banks' funding costs rather than asset yields.\",\"PeriodicalId\":186638,\"journal\":{\"name\":\"Federal Reserve Bank of Richmond Research Publications\",\"volume\":\"42 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2018-08-16\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Federal Reserve Bank of Richmond Research Publications\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.21144/eq1040101\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Federal Reserve Bank of Richmond Research Publications","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.21144/eq1040101","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Cyclical Properties of Bank Margins: Small Versus Large Banks
We study cyclical properties of the net interest margin (NIM) in the US banking sector in the aggregate as well as separately for small and large banks. In the aggregate and among large banks, NIM is countercyclical. Among small banks, however, NIM is procyclical. Further, we find that this result is driven by differences in the cyclical dynamics of small and large banks' funding costs rather than asset yields.
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