Description |
1 online resource (29 pages) |
Series |
IMF working paper, 1018-5941 ; WP/15/87 |
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IMF working paper ; WP/15/87.
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Contents |
Cover; Abstract; Contents; I. Introduction; II. Theoretical Framework; III. Empirical Background; IV. Data Issues; V. Empirical Analysis; VI. Conclusion and Policy Implications; Reference; Tables; Table 1: Sample Composition by Country and Year; Table 2. Variables Definition and Sources; Table 3. Descriptive Statistics; Table 4: Determinants of Bank Interest Margins in the CCA; Table 5: Determinants of Bank Interest Margins in Armenia; Table 6: Determinants of Bank Interest Margins in Azerbaijan; Table 7: Determinants of Bank Interest Margins in Georgia |
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Table 8: Determinants of Bank Interest Margins in KazakhstanTable 9: Determinants of Bank Interest Margins in Tajikistan; Table 10: Determinants of Bank Interest Margins in Uzbekistan; Table 11: Determinants of Bank Interest Margins: Summary of Results |
Summary |
In this paper, we use a bank-level panel dataset to investigate the determinants of bank interest margins in the Caucasus and Central Asia (CCA) over the period 1998--2013. We apply the dealership model of Ho and Saunders (1981) and its extensions to assess the extent to which high spreads of banks in the CCA can be related to bank-specific variables, to competition, and to macroeconomic factors. We find that interest spreads are affected by operating cost, credit risk, liquidity risk, bank size, bank diversification, banking sector competition, and macroeconomic policies; but the impact depends on the country |
Notes |
"Middle East and Central Asia Department." |
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"April 2015." |
Bibliography |
Includes bibliographical references (pages 15-18) |
Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed May 4, 2015) |
Subject |
Banks and banking -- Caucasus -- Econometric models
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Banks and banking -- Asia, Central -- Econometric models
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Interest rates -- Caucasus -- Econometric models
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Interest rates -- Asia, Central -- Econometric models
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Banks and banking -- Econometric models
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Interest rates -- Econometric models
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Central Asia
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Caucasus
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Form |
Electronic book
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Author |
Ben Naceur, Samy, author.
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International Monetary Fund. Middle East and Central Asia Department.
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ISBN |
9781475569780 |
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1475569785 |
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148434281X |
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9781484342817 |
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1484343174 |
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9781484343173 |
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