1.

Record Nr.

UNINA9910788688703321

Autore

Valderrama Laura

Titolo

The Monetary Policy Regime and Banking Spreads in Barbados / / Laura Valderrama, Wendell Samuel

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

1-4623-5585-4

1-4527-0776-6

1-283-51864-3

1-4519-0924-1

9786613831095

Descrizione fisica

1 online resource (26 p.)

Collana

IMF Working Papers

Altri autori (Persone)

SamuelWendell

Soggetti

Banks and banking - Barbados

Monetary policy - Barbados

Interest rates - Barbados

Banks and Banking

Money and Monetary Policy

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Interest Rates: Determination, Term Structure, and Effects

Banking

Monetary economics

Finance

Credit ratings

Deposit rates

Commercial banks

Bank credit

Banks and banking

Interest rates

Credit

Barbados

Lingua di pubblicazione

Inglese



Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"September 2006."

Nota di bibliografia

Includes bibliographical references (p. 21-23).

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. STYLIZED FACTS""; ""III. LITERATURE REVIEW ON THE DETERMINATION OF SPREADS""; ""IV. BANK SPREADS AND MACROECONOMIC PERFORMANCE""; ""V. BANK SPREADS IN THE CARIBBEAN: SOME PRELIMINARY EMPIRICS""; ""VI. ECONOMETRIC ESTIMATION OF BANK SPREADS IN THE CARIBBEAN""; ""VII. CONCLUDING REMARKS AND POLICY IMPLICATIONS""; ""REFERENCES""; ""DATA SOURCES AND DESCRIPTION""

Sommario/riassunto

The paper analyzes the determinants of banking spreads in Barbados, with a view to identifying the role of the monetary policy regime in explaining high spreads. The paper finds that interest rate spreads for Barbados are higher than would be suggested by its macroeconomic performance. Banking concentration and bank-specific variables, including bank size and provisions for nonperforming loans, do not have an important role in explaining variations in bank spreads. Rather, it appears that monetary policy variables, such as reserve requirements and capital controls, are the most important determinants of spreads.