Beck, Thorsten; Hesse, Heiko - In: Journal of Development Economics 88 (2009) 2, pp. 192-204
Using international comparisons and a unique bank-level dataset on the Ugandan banking system over the period 1999 to 2005, we explore the factors behind consistently high interest rate spreads and margins. International comparisons show that the small size of Ugandan banks, persistently high...