-run adjustments in bank capital buffers and the business cycle. We follow a partial adjustment framework and control for several … variables that have been identified as important determinants of bank capital buffers in previous studies, and find that bank …

and Saunders (1981), interest margins are modelled as a function of the pure spread and bank-specific institutional …' inefficiency and to a lesser extent by credit risk exposure and market power. This implies that public policies should be oriented …

level of monitoring, expected return isalways higher when the bank decides to focus. Additionally, the empirical … resultssuggest that there are no possible gains form diversification in bank´s cost and that,on average, the effects of focusing the … loan portfolio reduces bank´s return whileshowing positive effects of focusing on an specific sector. …