Este artículo amplía la literatura financiera sobre el nexo soberano-banco examinando los efectos de composición de las carteras de soberanos en el perfil de riesgo de los bancos, a diferencia de estudios anteriores que, generalmente, analizaban los determinantes de las carteras de soberanos...

We propose a generic oligopsony-oligopoly model to study bank behavior under uncertainty in developing countries. We derive a pricing structure that acknowledges market power in both the deposit and loan markets and identify two theoretical components to the loan rate: a rent extraction...

The Arab Spring is a clear indicator of the urgency of achieving inclusive growth and ensuring job creation in the Middle East and North Africa (MENA) region, where private sector development is still hindered by limited access to credit. Following Kiyotaki and Moore's (1997) seminal model, we...