Bajo una estimación dinámica de los efectos generados por variables específicas de actividad, impuestos y estructura de mercado, se presenta un seguimiento del margen de intermediación financiera, medido ex post, para un período con elementos de liberalización y crisis. Los resultados son...

This paper analyses the determinants of interest margins of the banking firms.Our starting point is the methodology developed in the original study by Ho andSaunders (1981) and later extensions, but widened to take banks¿ operating costsexplicitly into account. In the developed model the...

This paper calculates indicators of market structure: concentration ratio, Herfindahl index, Herfindahl-Hirschman index, inverse of the Herfindahl index and the stability indicator. These indicators are used: (1) to measure indirectly the competitiveness of the bank market, (2) to define...

El propósito del presente documento es examinar el canal del crédito como mecanismo de transmisión de política monetaria en Bolivia. Los datos utilizados incluyen información mensual de los bancos y otras variables macroeconómicas para el período 2001-2009. Se emplearon datos de panel...

En las últimas décadas el sistema bancario boliviano ha sufrido importantes transformaciones destinadas a lograr una mayor eficiencia. Sin embargo, en opinión de algunos economistas, políticos y la población en general, las entidades bancarias aún cobran altas tasas de interés y los...

In recent years, a growing interest among authorities has emerged to verify which paradigm better explains the profit-structure relationship in the Mexican banking industry: market power or efficiency. To test these two paradigms, this work constructs specific indicators of cost efficiency based...

This paper analyzes the relationship between market structure and performance within the Spanish banking industry. Three different stochastic measures of efficiency are used (based on three alternative distributional assumptions for inefficiency: half-normal, normal-truncated and exponential)....

The banking system is modeled in a closed system of financial accounts, whereby the equilibrium volume of bank intermediation between households and corporates reflects structural parameters such as household preferences, comparative cost structures of heterogeneous banks, loan demand of...

The paper discusses the structural changes taking place in the financial system of the Republic of Croatia after the country became independent. Particular attention is given to the banking system, bankruptcies and rehabilitation of banks. Furthermore, the paper analyzes the development of...

The pass-through from the money market rate to several bank lending rates and the government bond rate is investigated for 12 European countries over the period 1980-2000, by applying a SVAR based on the Cholesky decomposition. Simulations of a one percent point rise in the money market rate,...