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