We study the interest rate spread of the Argentine financial system during the last eighteen years. We analyze Granger causality of selected variables, and estimate econometric models that relate spread to macroeconomic and microeconomic factors. Resuls indicate that output growth and...

We study the interest rate spread of the Argentine financial system during the last eighteen years. We analyze Granger causality of selected variables, and estimate econometric models that relate spread to macroeconomic and microeconomic factors. Resuls indicate that output growth and...

Con datos históricos previos al default correspondientes a bonos colocados en el mercado local (Letes y Bontes) y en el internacional (bonos Globales), se emplea la técnica de componentes principales para analizar los desplazamientos de la curva de rendimientos en el mercado de bonos. Se...