The Intermediation Spread In Colombian Banks

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The Intermediation Spread in Colombian Banks

Author : Roberto Stein
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Intermediation Spread in Colombian Banks by : Roberto Stein

Download or read book The Intermediation Spread in Colombian Banks written by Roberto Stein and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: After several decades of financial repression with some partial attempts at liberalization, Colombian policymakers set out to complete the liberalization process in the early nineties, reducing financial taxation, freeing interest rates, facilitating entry/exit, and eliminating capital account restrictions. As this was expected to increase efficiency and competitiveness of financial intermediation, an implicit objective was to reduce interest rate spreads, historically high by international standards. We estimate a profit maximization model using panel data on 22 Colombian banks with monthly observations during 1992-96 to analyze the determinants of the spread between loan and deposit rates. The average spread has been around 20-30 percentage points, 1/3 of which was explained by costs (resource plus financial taxation costs), another 1/3 by credit risk, and the remaining 1/3 by lack of competition or market power. With respect to market power, ownership was an important factor; while private banks exhibited significant market power, charging a markup of about 20% over marginal costs, state banks=B9 spreads were indistinguishable from marginal costs. With respect to costs, retail and state banks tended to have higher marginal costs by 4 and 9 percentage points respectively. A continuous decline in spreads was explained primarily by a reduction in financial taxation, since no significant gains in competition or efficiency occurred. Finally, bivariate tests suggested that banks exert their market power on the loan side, where competition from other types of financial institutions has not been as great.

Interest Spreads in Banking

Author : Mr.Adolfo Barajas
Publisher : International Monetary Fund
ISBN 13 : 1451853319
Total Pages : 43 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Interest Spreads in Banking by : Mr.Adolfo Barajas

Download or read book Interest Spreads in Banking written by Mr.Adolfo Barajas and published by International Monetary Fund. This book was released on 1998-08-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the determinants of the high intermediation spread observed in the Colombian banking sector for over two decades. A reduced-form equation is estimated on the basis of a bank profit maximization model that permits a decomposition into operational costs, financial taxation, market power, and loan quality. Although the average spread did not change between the pre liberalization (1974-88) and post liberalization (1991-96) periods, its composition did, with market power being significantly reduced and the responsiveness to loan quality increased. Colombia’s progress in reducing operational costs and financial taxation and improving loan quality, will determine whether it can narrow the spread.

Interest Spreads in Banking

Author : Mr. Adolfo Barajas
Publisher : International Monetary Fund
ISBN 13 : 1451898843
Total Pages : 44 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Interest Spreads in Banking by : Mr. Adolfo Barajas

Download or read book Interest Spreads in Banking written by Mr. Adolfo Barajas and published by International Monetary Fund. This book was released on 1998-08-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the determinants of the high intermediation spread observed in the Colombian banking sector for over two decades. A reduced-form equation is estimated on the basis of a bank profit maximization model that permits a decomposition into operational costs, financial taxation, market power, and loan quality. Although the average spread did not change between the pre liberalization (1974-88) and post liberalization (1991-96) periods, its composition did, with market power being significantly reduced and the responsiveness to loan quality increased. Colombia’s progress in reducing operational costs and financial taxation and improving loan quality, will determine whether it can narrow the spread.

Foreign Investment in Colombia’s Financial Sector

Author : Mr.Adolfo Barajas
Publisher : International Monetary Fund
ISBN 13 : 1451856946
Total Pages : 40 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Foreign Investment in Colombia’s Financial Sector by : Mr.Adolfo Barajas

Download or read book Foreign Investment in Colombia’s Financial Sector written by Mr.Adolfo Barajas and published by International Monetary Fund. This book was released on 1999-11-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study analyzes foreign investment in Colombia’s financial system, chronicling major changes in legislation, describing how investment flows evolved over time, and comparing performance of foreign–owned versus domestic banks. Panel data estimations reveal that financial liberalization in general had a beneficial impact on bank behavior in Colombia. Although the positive contribution of foreign entry may be overstated in recent studies by not controlling for other liberalization factors, foreign (and domestic) entry beginning in 1990 did improve bank behavior by enhancing operative efficiency and competition. However, this came at the expense of a deterioration in the loan quality of domestic banks.

The Margin of Financial Intermediation in Colombia

Author : Roberto Stein
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis The Margin of Financial Intermediation in Colombia by : Roberto Stein

Download or read book The Margin of Financial Intermediation in Colombia written by Roberto Stein and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: After several decades of financial repression with some partial attempts at liberalization, Colombian policymakers set out to complete the liberalization process in the early nineties, reducing financial taxation, freeing interest rates, facilitating entry/exit, and eliminating capital account restrictions. As this was expected to increase efficiency and competitiveness of financial intermediation, an implicit objective was to reduce interest rate spreads, historically high by international standards. We estimate a profit maximization model using panel data on 22 Colombian banks with monthly observations during 1992-96 to analyze the determinants of the spread between loan and deposit rates. Both state and private banks are examined. A continuous decline in spreads was explained primarily by a reduction in financial taxation since no significant gains in competition or efficiency occurred. Finally, bivariate tests suggested that banks exert their market power on the loan side where competition from other types of financial institutions has not been as great.

Interest Rates, Agricultural Credit, and Financial Reform

Author : Adolfo Barajas
Publisher :
ISBN 13 :
Total Pages : 438 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Interest Rates, Agricultural Credit, and Financial Reform by : Adolfo Barajas

Download or read book Interest Rates, Agricultural Credit, and Financial Reform written by Adolfo Barajas and published by . This book was released on 1994 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt:

IMF Staff papers, Volume 46 No. 2

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 1451974205
Total Pages : 148 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff papers, Volume 46 No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 46 No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1999-01-01 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the predictability of currency crises. The paper evaluates three models for predicting currency crises that were proposed before 1997. Two of the models failed to provide useful forecasts. One model provides forecasts that are somewhat informative though still not reliable. Plausible modifications to this model improve its performance, providing some hope that future models may do better. The study suggests, though, that although forecasting models may help indicate vulnerability to crises, the predictive power of even the best of them may be limited.

Financial Intermediation in the Pre-consolidated Banking Sector in Nigeria

Author : Heiko Hesse
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)

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Book Synopsis Financial Intermediation in the Pre-consolidated Banking Sector in Nigeria by : Heiko Hesse

Download or read book Financial Intermediation in the Pre-consolidated Banking Sector in Nigeria written by Heiko Hesse and published by World Bank Publications. This book was released on 2007 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses unique bank-by-bank balance sheet and income statement information to investigate the intermediation efficiency in the Nigerian pre-consolidated banking sector during 2000-05. The author analyzes whether the Central Bank of Nigeria's policy of recent banking consolidation can be justified and rationalized by looking at the determinants of spreads. A spread decomposition and panel estimations show that the reform of the banking sector could be the first step to raise the intermediation efficiency of the Nigerian banking sector. The author finds that larger banks have enjoyed lower overhead costs, increased concentration in the banking sector has not been detrimental to the spreads, both increased holdings of liquidity and capital might have led to lower spreads in 2005, and a stable macroeconomic environment is conducive to a more efficient channeling of savings to productive investments.

Interest Spreads in Banking

Author : Adolfo Barajas
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Interest Spreads in Banking by : Adolfo Barajas

Download or read book Interest Spreads in Banking written by Adolfo Barajas and published by . This book was released on 1998 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Why So High?

Author : Philip Lawton Brock
Publisher : IDB
ISBN 13 : 9781886938748
Total Pages : 284 pages
Book Rating : 4.9/5 (387 download)

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Book Synopsis Why So High? by : Philip Lawton Brock

Download or read book Why So High? written by Philip Lawton Brock and published by IDB. This book was released on 2000 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Journal of Economics and Business Studies: Volume 1, Number 1

Author :
Publisher : Universal-Publishers
ISBN 13 : 1612335101
Total Pages : 50 pages
Book Rating : 4.6/5 (123 download)

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Book Synopsis International Journal of Economics and Business Studies: Volume 1, Number 1 by :

Download or read book International Journal of Economics and Business Studies: Volume 1, Number 1 written by and published by Universal-Publishers. This book was released on 2011-06-17 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: CONTENTS: 1.Determinants of Commercial Bank Interest Rate Margins in Swaziland by Sibusiso M. Khumaloand, Yinusa D. Olalekan & Francis Nathan Okurut 2. New Banking Technology and Service Quality in Indian Public Sector Banks: A Micro Level Study by A. Abdul Raheem & M. Krishnamoorthy 3. Supply Response of Perennial Crops: A Case of Balochistan Apricots by Mohammad Pervez Wasim 4. Government Debt and Long-Term Interest Rate: Application of an Extended Open-Economy Loanable Funds Model to South Africa by Yu Hsing Click here to download full PDF edition of this issue (free limited time open access) Go to Journal Homepage Go to Series editor website About the Journal International Journal of Economics and Business Studies (IJEBS) is a peer-reviewed journal, which is intended not only to promote the discussion on challenging economic and business issues at applied and policy levels but also to disseminate research information and knowledge in latest developments in business and economics. The main objective of IJEBS is to provide an intellectual platform for researchers, in which research in alternative paradigms for business and economic inquiry could be analysed and discussed. The journal provides opportunities for economists and business related professionals in a global realm to publish their paper in one source. The International Journal of Economics and Business Studies is also indented to bring together academicians and professionals from all related business and economics fields to interact with academics inside and outside their own particular disciplines.

Contagion, Bank Lending Spreads, and Output Fluctuations

Author : Pierre-Richard Agénor
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)

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Book Synopsis Contagion, Bank Lending Spreads, and Output Fluctuations by : Pierre-Richard Agénor

Download or read book Contagion, Bank Lending Spreads, and Output Fluctuations written by Pierre-Richard Agénor and published by World Bank Publications. This book was released on 1999 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: A positive historical shock to external spreads can lead to an increase in domestic spreads and a reduction in the cyclical component of output. Shocks to external spreads immediately after the Mexican peso crisis had a sizable effect on movements in output and domestic interest rate spreads in Argentina.

Open Doors

Author : Robert E. Litan
Publisher : Rowman & Littlefield
ISBN 13 : 9780815798132
Total Pages : 452 pages
Book Rating : 4.7/5 (981 download)

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Book Synopsis Open Doors by : Robert E. Litan

Download or read book Open Doors written by Robert E. Litan and published by Rowman & Littlefield. This book was released on 2004-05-13 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press, the World Bank, and the International Monetary Fund publication The extensive reforms and liberalization of financial services in emerging markets worldwide call for cutting-edge strategies to capture the benefits of new investment opportunities. In Open Doors, a volume of papers from the third annual Financial Markets and Development conference, multidisciplinary financial sector experts analyze current economic and political trends and prescribe practical advice to the financial development community. The book addresses the key issues of concern regarding the emerging markets, including the trends, motivations, and scope of FDI in finance; policy options that will best capture the opportunities of foreign entry; and the role of foreign institutions in e-finance innovation. The authors focus on specific topics such as foreign participation in emerging market banking systems and securities industries, WTO policies and enforcement, the role of foreign banks, liberalization of insurance markets, the need for capital markets, and the policy, regulatory, and legal issues associated with e-finance. For policymakers and financial practitioners affected by the WTO's Financial Services Agreement, this timely book should be of particular interest. Contributors include Donald Mathieson (International Money Fund), Pierre Sauvé (Trade Directorate, OECD), George J. Vojta (formerly with Bankers Trust and Citibank), Harold D. Skipper (J. Mack Robinson College of Business, Georgia State University), Benn Steil (Council on Foreign Relations), Morris Goldstein and Edward M. Graham (Institute for International Economics), Nicolas Lardy (Brookings Institution), Phillip Turner (Bank of International Settlements), and Robert Ledig (Fried, Frank, Shriver & Jacobson).

Colombia

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451808739
Total Pages : 133 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Colombia by : International Monetary Fund

Download or read book Colombia written by International Monetary Fund and published by International Monetary Fund. This book was released on 1999-03-01 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper and Statistical Appendix analyzes economic developments in Colombia during 1996–99. Output growth slowed sharply in 1996 and early 1997, but subsequently rebounded owing to stronger exports, a temporary boom in world coffee prices, and an easing of credit policy. Despite efforts at addressing the fiscal imbalances, the nonfinancial public sector deficit widened further to more than 4 percent of GDP in 1997. Monetary policy during 1996 and most of 1997 was geared toward stimulating domestic demand.

How Foreign Participation and Market Concentration Impact Bank Spreads

Author : Ashoka Mody
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4./5 ( download)

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Book Synopsis How Foreign Participation and Market Concentration Impact Bank Spreads by : Ashoka Mody

Download or read book How Foreign Participation and Market Concentration Impact Bank Spreads written by Ashoka Mody and published by World Bank Publications. This book was released on 2004 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing foreign participation and high concentration levels characterize the recent evolution of banking sectors' market structures in developing countries. Martinez Peria and Mody analyze the impact of these factors on Latin American bank spreads during the late 1990s. Their results suggest that foreign banks were able to charge lower spreads relative to domestic banks. This was more so for de novo foreign banks than for those that entered through acquisitions. The overall level of foreign bank participation seemed to influence spreads indirectly, primarily through its effect on administrative costs. Bank concentration was positively and directly related to both higher spreads and costs. This paper--a product of Finance, Development Research Group--is part of a larger effort in the group to understand banking sector market structure changes in developing countries.

Foreign Investment in Colombia's Financial Sector

Author : Adolfo Barajas
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Foreign Investment in Colombia's Financial Sector by : Adolfo Barajas

Download or read book Foreign Investment in Colombia's Financial Sector written by Adolfo Barajas and published by . This book was released on 1999 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Oxford Handbook of Banking

Author : Allen N. Berger
Publisher : Oxford University Press, USA
ISBN 13 : 0198824637
Total Pages : 1309 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis The Oxford Handbook of Banking by : Allen N. Berger

Download or read book The Oxford Handbook of Banking written by Allen N. Berger and published by Oxford University Press, USA. This book was released on 2019-10 with total page 1309 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Banking provides an overview and analysis of state-of-the-art research in banking written by leading researchers in the field. This Handbook will appeal to graduate students of economics, banking and finance, academics, practitioners and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material. The handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, and their legal and governance structures. Part II entitled Regulatory and Policy Perspectives discusses monetary policy, prudential regulation and supervision, and antitrust policy. Part III of the book deals with bank performance. A number of issues are assessed including efficiency, financial innovation and technological change, globalization and ability to deliver small business, consumer, and mortgage lending services. Part IV of the book provides an overview of macroeconomic perspectives in banking. This part of the book includes a discussion of the determinants of bank failures and crises, and the impact on financial stability, institutional development, and economic growth. Part V examines International Differences In Banking Structures And Environments. This part of the handbook examines banking systems in the United States, Western Europe, Transition countries, Latin America, Japan and the Developing nations of Asia.