Determinants of interest rate spread in Costa Rica
| dc.audience | Researchers | spa |
| dc.audience | Students | spa |
| dc.audience | Teachers | spa |
| dc.audience | Policymakers | spa |
| dc.creator | Barquero-Romero, Jose Pablo | spa |
| dc.creator | Segura-Rodríguez, Carlos Luis | spa |
| dc.date.accessioned | 2019-07-23T08:56:07Z | |
| dc.date.available | 2019-07-23T08:56:07Z | |
| dc.date.created | 2011 | spa |
| dc.date.issued | 2011 | spa |
| dc.description | El presente trabajo examina qué factores determinan el margen de intermediación financiera de los bancos en Costa Rica para el período 1994-2011. Este trabajo presta especial atención a cuáles de estos factores pueden ser influenciados por el Banco Central de Costa Rica a través de su política monetaria. Dentro de los resultados más importantes de las estimaciones se establece que los márgenes de intermediación tienen en el corto plazo una conducta inercial al alza. Existe poder de mercado y es utilizado para transferir costos a los consumidores; por ejemplo, cambios en el Encaje Mínimo Legal provocan aumentos en los márgenes de intermediación, igual efecto se observa ante incrementos en los costos de líneas de crédito en el exterior. | spa |
| dc.description.abstract | This paper examines which factors determine the financial intermediation margin for Costa Rican banks for the period 1994-2011. This work pays special attention to which of these factors can be influenced by the Central Bank of Costa Rica through its monetary policy. Among the most important results from the estimations it is established that the intermediation margin tends in the short term to have an inertial tendency to increase. There is market power and it is used to transfer costs to consumers, for example, changes in the legal reserve requirements lead to increases in the intermediation margins, the same effect is observed when there are increases in the cost of foreign credit lines lead. | spa |
| dc.format.extent | 22 paginas: gráficas, tablas | spa |
| dc.format.mimetype | spa | |
| dc.identifier.uri | https://repositorioinvestigaciones.bccr.fi.cr/handle/20.500.12506/134 | |
| dc.language.iso | eng | spa |
| dc.publisher | Banco Central de Costa Rica | spa |
| dc.relation.uri | https://activos.bccr.fi.cr/sitios/bccr/investigacioneseconomicas/DocSistemaFinanciero/Determinants_interest_rate_spread_Costa_Rica_Panel_Estimation.pdf | spa |
| dc.rights | Acceso abierto | spa |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | spa |
| dc.rights.cc | Atribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0 | spa |
| dc.rights.license | Open Access | spa |
| dc.rights.spa | Acceso abierto | spa |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc-sa/4.0/ | spa |
| dc.subject | Diferencial de tasas de interés | spa |
| dc.subject | Tasas de interés | spa |
| dc.subject.jel | E43-Interest Rates: Determination, Term Structure, and Effects | spa |
| dc.subject.jel | E44-Financial Markets and the Macroeconomy | spa |
| dc.subject.jel | G21-Banks; Depository Institutions; Micro Finance Institutions; Mortgages | spa |
| dc.subject.jelspa | E43- Determinación de los tipos de interés; Estructura temporal de los tipos de interés | spa |
| dc.subject.jelspa | E44- Mercados financieros y macroeconomía | spa |
| dc.subject.jelspa | G21- Bancos; Otras instituciones de depósito; Hipotecas | spa |
| dc.subject.keyword | Interest rate spread | spa |
| dc.subject.keyword | Interest rates | spa |
| dc.title | Determinants of interest rate spread in Costa Rica | spa |
| dc.type | Working Paper | spa |
| dc.type.hasversion | Published Version | spa |
| dc.type.spa | Documentos de trabajo | spa |
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