Dotaciones para los deterioros de los créditosUn estudio por ciclos económicos

  1. Salvador Climent Serrano 1
  1. 1 Universitat de València
    info

    Universitat de València

    Valencia, España

    ROR https://ror.org/043nxc105

Journal:
Cuadernos de economía: Spanish Journal of Economics and Finance

ISSN: 2340-6704,  0210-0266

Year of publication: 2017

Volume: 40

Issue: 112

Pages: 56-67

Type: Article

DOI: 10.1016/J.CESJEF.2016.01.001 DIALNET GOOGLE SCHOLAR lock_openBiblos-e Archivo editor

More publications in: Cuadernos de economía: Spanish Journal of Economics and Finance

Sustainable development goals

Abstract

This paper studies the determinants of the provisions for impairment of loans in the Spanish credit institutions in the period 1983 to the second quarter of 2013. There are other significant factors in addition to the loan default, such as generic provisions, the interest margin, and the seasonal nature focused in the fourth quarter and in periods of crisis. As it is an extended period, how the determining factors affected each one of the four economic cycles are studied. Important similarities were found in periods of crisis and the growth, with singularities in their own cycles. The contributions of this research are: i) the different behaviour of the same explanatory variables at different periods of the economic cycle, ii) the different behaviour of the losses and defaults during periods of crisis, and iii) the seasonality detected in the fourth quarter of each year. Furthermore, how it affects the quarterly and half-year results that financial institutions publish in the CNMV.

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