Download the fantastic book titled What Drives Interest Rate Spreads in Pacific Island Countries An Empirical Investigation written by Mr.Fazurin Jamaludin, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "What Drives Interest Rate Spreads in Pacific Island Countries An Empirical Investigation", which was released on 04 May 2015. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of What Drives Interest Rate Spreads in Pacific Island Countries An Empirical Investigation by Mr.Fazurin Jamaludin PDF
Growth has been sluggish in Pacific island countries (PICs). High cost of credit is likely one of the reasons. While the small scale, geographic dispersion, and vulnerability to shocks increase the cost and risk of credit in this country group, there is considerable variability in interest rate spreads both across countries and over time. This paper examines the determinants of lending rates and interest rate spreads in a panel of six PICs, extending the literature that was largely descriptive in nature or focused on a single country. Our results are in line with economic theory. We find that the size of the economy is negatively correlated with spreads, confirming the importance of scale. Inflation appears to have only marginal impact on spreads. High loan loss provisions and nonperforming loans increase the cost of credit. So does banking system concentration. Higher institutional quality is associated with lower spreads.
Detail About What Drives Interest Rate Spreads in Pacific Island Countries An Empirical Investigation PDF
- Author : Mr.Fazurin Jamaludin
- Publisher : International Monetary Fund
- Genre : Business & Economics
- Total Pages : 26 pages
- ISBN : 1484362268
- Release Date : 04 May 2015
- PDF File Size : 8,8 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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