El spread de intermediación en una economía emergente bajo distintos regímenes macroeconómicos: Argentina, 1994-2013

Arbeitspapier

We study the interest rate spread of the Argentine financial system during the last eighteen years. We analyze Granger causality of selected variables, and estimate econometric models that relate spread to macroeconomic and microeconomic factors. Resuls indicate that output growth and monetization reduce spread during the whole period, while country risk and prices are significant only by subperiods, suggesting changes in macroeconomic context. Banking system variables also have significant impacts, including: taxes, administrative expenses, non-performing loans, the use of own resources and liquidity.

Angaben zum Objekt

• Sprache: Spanisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 2015/64

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes ; Financial Markets and the Macroeconomy ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages
• Thema: Zinsstruktur ; Kausalanalyse ; Ökonometrisches Modell ; Wechselkurs ; Argentinien

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Aguirre, Horacio ; Burdisso, Tamara ; Grillo, Federico ; Giupponi, Emiliano
• Ereignis: Veröffentlichung
• (wer): Banco Central de la República Argentina (BCRA), Investigaciones Económicas (ie)
• (wo): Buenos Aires
• (wann): 2015

Weitere Informationen

• Handle: http://hdl.handle.net/10419/126247
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ