Boutin-Dufresne, Francois; Peña, Santiago; Williams, Oral - International Monetary Fund (IMF) - 2013
This paper examines the determinants of net interest margins in four regional blocks in Sub-Saharan Africa and one comparator block in the Eastern Caribbean. Using bank-level data, we find that countries with a high level of operating costs, a high ratio of equity to total assets and high...