03832nam 2200601 a 450 991045303470332120200520144314.01-4755-2280-01-4755-6413-9(CKB)2550000000107089(EBL)1606759(SSID)ssj0000952967(PQKBManifestationID)11504678(PQKBTitleCode)TC0000952967(PQKBWorkID)10905938(PQKB)11515332(MiAaPQ)EBC1606759(Au-PeEL)EBL1606759(CaPaEBR)ebr10574682(OCoLC)870245008(EXLCZ)99255000000010708920120711d2012 uy 0engur|n|---|||||txtccrFinancial intermediation costs in low-income countries[electronic resource] the role of regulatory, institutional, and macroeconomic factors /prepared by Tigran Poghosyan[Washington, D.C.] International Monetary Fund20121 online resource (36 p.)IMF working paper ;WP/12/140"Fiscal Affairs Department and Strategy, Policy, and Review Department.""May 2012."1-4755-9234-5 1-4755-0393-8 Includes bibliographical references.Cover; Contents; I. Introduction; II. Interest Margin Decomposition; A. Conceptual Framework; B. Decomposition Results; III. Econometric Analysis of Bank- and Country-Specific Determinants of Interest Margins; A. Model Specification; B. Variables; C. Descriptive Statistics; D. Results; IV. Robustness Checks; V. Conclusions; References; Figures; 1. Comparison of Implicit Net Interest Margins in LICs and EMs; 2. Percentile Distribution of Net Interest Margin Determinants in LICs and EMs; 3. Median Interest Margins in LICs and EMs by Countries; Tables; 1. Variable Definition and Sources2. Descriptive Statistics3. Correlations Matrix; 4. Estimation Results Controlling for Bank-Specific Determinants; 5. Estimation Results Controlling for Macroeconomic Variables; 6. Estimation Results Controlling for Institutional Variables; 7. Estimation Results Controlling for Regulatory Variables; 8. Robustness Check for LICs: Using Market Share Instead of Market Concentration; 9. Robustness Check for LICs: Using Loan Market Concentration; 10. Robustness Check for LICs: Using Deposit Market Concentration11. Robustness Check for LICs: Using Interaction of Market Concentration with Regional Dummies12. Robustness Check for LICs: Using Annual Average VariablesWe analyze factors driving persistently higher financial intermediation costs in low-income countries (LICs) relative to emerging market (EMs) country comparators. Using the net interest margin as a proxy for financial intermediation costs at the bank level, we find that within LICs a substantial part of the variation in interest margins can be explained by bank-specific factors: margins tend to increase with higher riskiness of credit portfolio, lower bank capitalization, and smaller bank size. Overall, we find that concentrated market structures and lack of competition in LICs banking systemIMF working paper ;WP/12/140.Intermediation (Finance)Developing countriesEconometric modelsElectronic books.Intermediation (Finance)Econometric models.Poghosyan Tigran873351International Monetary Fund.Strategy, Policy, and Review Dept.MiAaPQMiAaPQMiAaPQBOOK9910453034703321Financial intermediation costs in low-income countries2095142UNINA