{"product_id":"determinants-of-interest-margins-in-colombia-von-dairo-estrada","title":"Determinants of Interest Margins in Colombia","description":"\u003cp\u003eThis paper analyzes the determinants of interest margins in the Colombian Financial System. Based on the model by Ho and Saunders (1981), interest margins are modeled as a function of the pure spread and bank-specific institutional imperfections using quarterly data for the period 1994:IV-2005:III. Additionally, the pure spread is estimated as a function of market power and interest rate volatility. The results indicate that interest margins are mainly affected by credit institutions' inefficiency and to a lesser extent by credit risk exposure and market power. This implies that public policies should be oriented towards creating the necessary market conditions for banks to enhance their efficiency.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783330351356\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783330351356","offer_id":39422389289053,"sku":"9783330351356","price":39.9,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/f6fc16b7-b089-4701-b070-1a2c927333f8.jpg?v=1774504377","url":"https:\/\/shop.autorenwelt.de\/products\/determinants-of-interest-margins-in-colombia-von-dairo-estrada","provider":"Autorenwelt Shop","version":"1.0","type":"link"}