What happened to profitability? Shocks, challenges and perspectives for euro area banks

摘要: This paper uses a newly constructed dataset including financial statement information of 310 banks in the euro area to analyse evolution bank profitability before and after Global Financial Crisis subsequent European crisis. We first document general trends changes banks’ with particular focus on country heterogeneity. find that different parts monetary union was hit by multiple shocks nature. Based this, we then propose an econometric analysis drivers behind discriminating factors relative macroeconomic conditions, funding portfolio structures, new banking regulations area.