What Drives Interest Rate Spreads In Pacific Island Countries by Jamaludin, Fazurin.

Full Title: What Drives Interest Rate Spreads In Pacific Island Countries: An Empirical Investigation
Author/Editor(s): Fazurin Jamaludin; Vladimir Klyuev; Anuk Serechetapongse
ISBN: 1484362268, 9781484362266
Publisher: International Monetary Fund
Published Place: Washington, D.C.
Published/Copyright Year: 2015
Language: English
Series: IMF Working Papers ( Volume Working Paper No. 15/96 )
IMF ELibrary
Number of pages: 1 online resource (26 pages)
Categories:
Banking Systems
Cross-country Analysis
Determination Of Interest Rates
Foreign Banks
Interest Rates
Pacific Island Countries
Profit Margins
Term Structure Of Interest Rates
Fiji
Kiribati
Marshall Islands
Micronesia, Federated States Of
Palau
Papua New Guinea
Samoa
Solomon Islands
Timor-Leste
Tonga
Vanuatu


Content:
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.

Electronic Resources:
http://hdl.library.upenn.edu/1017.12/1522215

ISBNPlus ID: UPE.BD102.21947-11-2208987
Form: Nonfiction
Released Date: 20151203

Download BiBTeX of this book (.bib)
@book{isbnplus9781484362266,
 title={What Drives Interest Rate Spreads In Pacific Island Countries: An Empirical Investigation},
 author={Fazurin Jamaludin and Vladimir Klyuev and Anuk Serechetapongse},
 isbn={9781484362266},
 series={IMF Working Papers},
 url={http://isbnplus.org/9781484362266},
 year={2015},
 publisher={International Monetary Fund},
 address={Washington, D.C.}
}
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%0 Book
%T What Drives Interest Rate Spreads In Pacific Island Countries: An Empirical Investigation
%A Fazurin Jamaludin
%A Vladimir Klyuev
%A Anuk Serechetapongse
%@ 9781484362266
%U http://isbnplus.org/9781484362266
%D 2015
%I International Monetary Fund
%C Washington, D.C.
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TY  - BOOK
T1  - What Drives Interest Rate Spreads In Pacific Island Countries: An Empirical Investigation
A1  - Fazurin Jamaludin
A1  - Vladimir Klyuev
A1  - Anuk Serechetapongse
SN  - 9781484362266
T3  - IMF Working Papers
UR  - http://isbnplus.org/9781484362266
Y1  - 2015
PB  - International Monetary Fund
CY  - Washington, D.C.
ER  - 
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APA Style:
Jamaludin, F., Klyuev, V. & Serechetapongse, A. (2015). What Drives Interest Rate Spreads In Pacific Island Countries: An Empirical Investigation. Washington, D.C.: International Monetary Fund.

MLA Style:
Jamaludin, Fazurin, Vladimir Klyuev, and Anuk Serechetapongse. What Drives Interest Rate Spreads In Pacific Island Countries: An Empirical Investigation. Washington, D.C.: International Monetary Fund, 2015. Print.

Chicago Style:
Jamaludin, Fazurin, Vladimir Klyuev, and Anuk Serechetapongse. What Drives Interest Rate Spreads In Pacific Island Countries: An Empirical Investigation. Washington, D.C.: International Monetary Fund, 2015.