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The costs of financial intermediation have important consequences for financial development. Using bank-level data for … 160 countries during 2005-14, this paper analyzes the composition and sources of bank net interest margins. First, it uses … underlying bank-level, structural, macroeconomic, and institutional determinants of net interest margins. Finally, the paper uses …
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Theory suggests that the effect of banking market concentration on financial stability is mediated by several competing variables. Using a sample of 68 countries from 1997 to 2015, this paper proposes a unified empirical framework to test for the simultaneous presence and impact of the mediators...
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