Borradores de Economia
Número:
393
Publicado:
Clasificación JEL:
L11, L41, L89, G21
Palabras clave:
Interest Margins, Competition, Credit risk, Interest Rate Risk.

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This paper analyzes the determinants of interest margins in the Colombian Financial System. Based on the model by Ho and Saunders (1981), interest margins are modelled as a function of the pure spread and bank-specific institutional imperfections using qu