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Financial intermediation is low in sub-Saharan Africa (SSA) compared to other regions of the world. This paper examines … the determinants of bank interest margins using a sample of 456 banks in 41 SSA countries. The results show that market … concentration is positively associated with interest margins, but the impact depends on the level of efficiency of each bank. In …
Persistent link: https://www.econbiz.de/10013086312
.S. monetary policy to liability rates than to asset rates and bank profitability, largely reflecting funding structures. In … in the GCC. We use bank-level panel data, exploiting variation across banks within countries, to isolate the impact of … changing U.S. interest rates on GCC banks funding costs, asset rates, and profitability. We find stronger pass-through from U …
Persistent link: https://www.econbiz.de/10012843506
In this paper, we use a bank-level panel dataset to investigate the determinants of bank interest margins in the … extensions to assess the extent to which high spreads of banks in the CCA can be related to bank-specific variables, to … risk, bank size, bank diversification, banking sector competition, and macroeconomic policies; but the impact depends on …
Persistent link: https://www.econbiz.de/10013022261
orientation, pressures on funding models and entity structures could affect the efficiency of capital flows through the bank …
Persistent link: https://www.econbiz.de/10012843301
a tax onshadow bank profits …
Persistent link: https://www.econbiz.de/10012929925
comparator block in the Eastern Caribbean. Using bank-level data, we find that countries with a high level of operating costs, a … operating costs are associated with low measures of institutional quality and a small size of bank operations. We find support …
Persistent link: https://www.econbiz.de/10013085138
We study how low interest rates in the United States affect risk taking in the market of cross-border leveraged corporate loans. To the extent that actions of the Federal Reserve affect U.S. interest rates, our analysis provides evidence of a cross-border spillover effect of monetary policy. We...
Persistent link: https://www.econbiz.de/10012961476
Does gross or net debt matter for long-term sovereign spreads in emerging markets? The topic is important for understanding the borrowing cost implications of public asset liability management decisions (e.g. using assets to lower debt). We investigate this question using data on emerging market...
Persistent link: https://www.econbiz.de/10012962144
This paper investigates the role of tax incentives towards debt finance in the buildup of leverage in the nonfinancial corporate (NFC) sector, using a large firm-level dataset. We find that so-called debt bias is a significant driver of leverage, for both small and medium-sized enterprises and...
Persistent link: https://www.econbiz.de/10012895074
We argue that strong globalization forces have been an important determinant of globalreal interest rates over the last five decades, as they have been key drivers of changes inthe natural real interest rate-i.e. the interest rate consistent with output at its potentialand constant inflation. An...
Persistent link: https://www.econbiz.de/10012868461