LEADER 03832nam 2200601 a 450 001 9910453034703321 005 20200520144314.0 010 $a1-4755-2280-0 010 $a1-4755-6413-9 035 $a(CKB)2550000000107089 035 $a(EBL)1606759 035 $a(SSID)ssj0000952967 035 $a(PQKBManifestationID)11504678 035 $a(PQKBTitleCode)TC0000952967 035 $a(PQKBWorkID)10905938 035 $a(PQKB)11515332 035 $a(MiAaPQ)EBC1606759 035 $a(Au-PeEL)EBL1606759 035 $a(CaPaEBR)ebr10574682 035 $a(OCoLC)870245008 035 $a(EXLCZ)992550000000107089 100 $a20120711d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFinancial intermediation costs in low-income countries$b[electronic resource] $ethe role of regulatory, institutional, and macroeconomic factors /$fprepared by Tigran Poghosyan 210 $a[Washington, D.C.] $cInternational Monetary Fund$d2012 215 $a1 online resource (36 p.) 225 1 $aIMF working paper ;$vWP/12/140 300 $a"Fiscal Affairs Department and Strategy, Policy, and Review Department." 300 $a"May 2012." 311 $a1-4755-9234-5 311 $a1-4755-0393-8 320 $aIncludes bibliographical references. 327 $aCover; 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 Sources 327 $a2. 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 Concentration 327 $a11. Robustness Check for LICs: Using Interaction of Market Concentration with Regional Dummies12. Robustness Check for LICs: Using Annual Average Variables 330 $aWe analyze factors driving persistently higher financial intermediation costs in low-income countries (LICs) relative to emerging market (EMs) country comparators. Using the net interest margin as a proxy for financial intermediation costs at the bank level, we find that within LICs a substantial part of the variation in interest margins can be explained by bank-specific factors: margins tend to increase with higher riskiness of credit portfolio, lower bank capitalization, and smaller bank size. Overall, we find that concentrated market structures and lack of competition in LICs banking system 410 0$aIMF working paper ;$vWP/12/140. 606 $aIntermediation (Finance)$zDeveloping countries$xEconometric models 608 $aElectronic books. 615 0$aIntermediation (Finance)$xEconometric models. 701 $aPoghosyan$b Tigran$0873351 712 02$aInternational Monetary Fund.$bStrategy, Policy, and Review Dept. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910453034703321 996 $aFinancial intermediation costs in low-income countries$92095142 997 $aUNINA LEADER 01186nam2 22002533i 450 001 VAN00086605 005 20240806100637.266 100 $a20120113d1845 |0itac50 ba 101 $afre 102 $aFR 105 $a|||| ||||| 200 1 $aˆ<<‰Histoire du Consulat et de l'Empire$efaisant suite a l'histoire de la révolution française>> 4$fpar m. A. Thiers$c-Paris$ePaulin, 1845 210 $a620 p.$a23 cm 316 $aBiblioteca Lauria$5IT-IT-CE0105 CONSBL.800M.124 461 1$1001VAN00086602$12001 $aHistoire du Consulat et de l'Empire$efaisant suite à l'Histoire de la Révolution française$fpar m. A. Thiers. - Paris$ePaulin$1210 $avol.$a23 cm.$v4 620 $dParis$3VANL000046 700 1$aThiers$bAdolphe$3VANV070894$08544 712 $aPaulin$3VANV113713$4650 801 $aIT$bSOL$c20240906$gRICA 899 $aBIBLIOTECA DEL DIPARTIMENTO DI GIURISPRUDENZA$1IT-CE0105$2VAN00 912 $aVAN00086605 950 $aBIBLIOTECA DEL DIPARTIMENTO DI GIURISPRUDENZA$d00CONS BL.800M.12 4 $e00BL 254 20120113 Biblioteca Lauria 996 $aHistoire du consulat et de l'empire$9121329 997 $aUNICAMPANIA