Title Determinants of bank interest margins in the Caucasus and Central Asia / prepared by Raja Almarzoqi and Sami Ben Naceur

Published [Washington, D.C.] : International Monetary Fund, ©2015

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Description 1 online resource (29 pages) Series IMF working paper, 1018-5941 ; WP/15/87 IMF working paper ; WP/15/87. Contents Cover; Abstract; Contents; I. Introduction; II. Theoretical Framework; III. Empirical Background; IV. Data Issues; V. Empirical Analysis; VI. Conclusion and Policy Implications; Reference; Tables; Table 1: Sample Composition by Country and Year; Table 2. Variables Definition and Sources; Table 3. Descriptive Statistics; Table 4: Determinants of Bank Interest Margins in the CCA; Table 5: Determinants of Bank Interest Margins in Armenia; Table 6: Determinants of Bank Interest Margins in Azerbaijan; Table 7: Determinants of Bank Interest Margins in Georgia Table 8: Determinants of Bank Interest Margins in KazakhstanTable 9: Determinants of Bank Interest Margins in Tajikistan; Table 10: Determinants of Bank Interest Margins in Uzbekistan; Table 11: Determinants of Bank Interest Margins: Summary of Results Summary In this paper, we use a bank-level panel dataset to investigate the determinants of bank interest margins in the Caucasus and Central Asia (CCA) over the period 1998--2013. We apply the dealership model of Ho and Saunders (1981) and its extensions to assess the extent to which high spreads of banks in the CCA can be related to bank-specific variables, to competition, and to macroeconomic factors. We find that interest spreads are affected by operating cost, credit risk, liquidity risk, bank size, bank diversification, banking sector competition, and macroeconomic policies; but the impact depends on the country Notes "Middle East and Central Asia Department." "April 2015." Bibliography Includes bibliographical references (pages 15-18) Notes Online resource; title from pdf title page (IMF.org Web site, viewed May 4, 2015) Subject Banks and banking -- Caucasus -- Econometric models Banks and banking -- Asia, Central -- Econometric models Interest rates -- Caucasus -- Econometric models Interest rates -- Asia, Central -- Econometric models Banks and banking -- Econometric models Interest rates -- Econometric models Central Asia Caucasus Form Electronic book Author Ben Naceur, Samy, author. International Monetary Fund. Middle East and Central Asia Department. ISBN 9781475569780 1475569785 148434281X 9781484342817 1484343174 9781484343173

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