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Una Revisión Empírica Sobre Los Determinantes Del Margen De Intermediación En Colombia, 1989-2003

Listed author(s):
  • Constanza Martínez Ventura

    ()

Bajo una estimación dinámica de los efectos generados por variables específicas de actividad, impuestos y estructura de mercado, se presenta un seguimiento del margen de intermediación financiera, medido ex post, para un período con elementos de liberalización y crisis. Los resultados son concluyentes al mostrar que las cargas tributarias y medidas de regulación (impuestos explícitos e implícitos) adoptadas por las autoridades económicas se han convertido en los principales determinantes del margen de intermediación.

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File URL: http://www.banrep.gov.co/sites/default/files/publicaciones/archivos/espe_048-3.pdf
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Article provided by BANCO DE LA REPÚBLICA - ESPE in its journal ENSAYOS SOBRE POLÍTICA ECONÓMICA.

Volume (Year): 23 (2005)
Issue (Month): 48 (June)
Pages: 118-183

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Handle: RePEc:col:000107:003728
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  1. Kit, Pong Wong, 1997. "On the determinants of bank interest margins under credit and interest rate risks," Journal of Banking & Finance, Elsevier, vol. 21(2), pages 251-271, February.
  2. Roberto Steiner & Adolfo Barajas & Natalia Salazar, 1998. "El margen de intermediación bancaria en Colombia," Research Department Publications 3024, Inter-American Development Bank, Research Department.
  3. Ignacio Lozano & Jorge Ramos, 2000. "Análisis sobre la Incidencia del Impuesto del 2x1000 a las Transacciones Financieras," Borradores de Economia 143, Banco de la Republica de Colombia.
  4. Joaquin Maudos, 1998. "Market structure and performance in Spanish banking using a direct measure of efficiency," Applied Financial Economics, Taylor & Francis Journals, vol. 8(2), pages 191-200.
  5. Laeven, Luc & Majnoni, Giovanni, 2003. "Loan loss provisioning and economic slowdowns: too much, too late?," Journal of Financial Intermediation, Elsevier, vol. 12(2), pages 178-197, April.
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  7. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
  8. Sergio Clavijo, 2000. "Hacia La Multibanca En Colombia:Retos Y "Retazos Financieros"," BORRADORES DE ECONOMIA 002780, BANCO DE LA REPÚBLICA.
  9. Robert G. King & Ross Levine, 1993. "Finance and Growth: Schumpeter Might Be Right," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 717-737.
  10. Barajas, Adolfo & Steiner, Roberto & Salazar, Natalia, 2000. "The impact of liberalization and foreign investment in Colombia's financial sector," Journal of Development Economics, Elsevier, vol. 63(1), pages 157-196, October.
  11. Berger, Allen N, 1995. "The Profit-Structure Relationship in Banking--Tests of Market-Power and Efficient-Structure Hypotheses," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(2), pages 404-431, May.
  12. Ramon Caminal, 2002. "Taxation of banks: A theoretical framework," UFAE and IAE Working Papers 525.02, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  13. Janet Gale Stotsky & Parthasarathi Shome, 1995. "Financial Transactions Taxes," IMF Working Papers 95/77, International Monetary Fund.
  14. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Oxford University Press, vol. 58(2), pages 277-297.
  15. Demirguc-Kunt, Asli & Maksimovic, Vojislav, 1996. "Financial constraints, uses of funds, and firm growth : an international comparison," Policy Research Working Paper Series 1671, The World Bank.
  16. Honohan, Patrick, 2003. "Avoiding the pitfalls in taxing financial intermediation," Policy Research Working Paper Series 3056, The World Bank.
  17. Goldberg, Lawrence G. & Rai, Anoop, 1996. "The structure-performance relationship for European banking," Journal of Banking & Finance, Elsevier, vol. 20(4), pages 745-771, May.
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