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- Title
El SPREAD de las tasas de interés en Colombia para el período 2010-2020.
- Authors
Galvis-Ciro, Juan Camilo; Hincapié-Vélez, Guillermo David; Oliveira de Morales, Claudio; García-Lopera, Jaime
- Abstract
The SPREAD is a measure of the financial system intermediation costs and affects economic growth. This article evaluates the SPREAD determinants for the Colombian economy by the period 2010-2020. We use the dynamic data panel methodology and estimate several models with the generalized moment method (GMM). The results show that the macroeconomic environment, especially unemployment, and the operational efficiency of financial institutions are important factors to explain SPREAD. Furthermore, the market concentration of the financial system is also relevant to explain the intermediation costs.
- Subjects
GENERALIZED method of moments; INDUSTRIAL concentration; INTEREST rates; PANEL analysis; FINANCIAL markets; FINANCIAL institutions
- Publication
Lecturas de Economia, 2022, Issue 97, p46
- ISSN
0120-2596
- Publication type
Article
- DOI
10.17533/udea.le.n97a345596