This paper focuses on investigating the determinants of lending rates and interest rate spreads in Macedonia. In order … panel estimation techniques on a sample of commercial banks in Macedonia. Our results indicate that lending rates are mostly … to quantify the effect of various factors on lending rates and interest rate spreads during the 2001-2009 period, we use …

economy being in medium-term equilibrium. Results suggest that the slowdown reflects both return of the credit activity to its …What explains the post-crisis slowdown in bank credit to private sector in the South-East European economies? We try to … fundamental value, and return of the fundamental values to their equilibrium levels, after years of excessiveness during the pre …