Barajas, Adolfo; Steiner, Roberto; Salazar, Natalia - In: IMF Staff Papers 46 (1999) 2, pp. 4-4
This paper examines the determinants of the high intermediation spread observed in the Colombian banking sector for over two decades. A reduced-form equation is estimated on the basis of a bank profit maximization model that permits a decomposition into operational costs, financial taxation,...
