Measurement of capital stock and input services of Spanish banks

Series: Working Papers. 0711.

Author: Alfredo Martín-Oliver, Vicente Salas-Fumás y Jesús Saurina

Central Balance Sheet Data Office

• Prices and margins
• Inflation
• Non-financial corporations, businesses

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Measurement of capital stock and input services of Spanish banks (895 KB)

Abstract

This paper contains estimates of physical and intangible (information technology, advertising and training) capital stock, together with capital, labor and externally provided input services, of Spanish commercial and saving banks in the period 1983 to 2003. Capital stocks are valued at replacement costs and assets’ services flows are computed using estimates of the risk-adjusted user cost of capital. Replacement costs of assets are substantially higher than book values and economic estimates of costs of input services allow for more accurate measures of efficiency and productivity of banks.