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.

Object Details

• Language: Spanisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 2015/64

Classification and Topics

• Classification: 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
• Subject: Zinsstruktur ; Kausalanalyse ; Ökonometrisches Modell ; Wechselkurs ; Argentinien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Aguirre, Horacio ; Burdisso, Tamara ; Grillo, Federico ; Giupponi, Emiliano
• Event: Veröffentlichung
• (who): Banco Central de la República Argentina (BCRA), Investigaciones Económicas (ie)
• (where): Buenos Aires
• (when): 2015

Further information

• Handle: http://hdl.handle.net/10419/126247
• Last update: 10.03.2025, 11:42 AM CET