Since 2014
Financial Intermediation, Monetary Uncertainty, and Bank Interest Margins
Economic Analysis Review
View Archive Info| Field | Value | |
| Title |
Financial Intermediation, Monetary Uncertainty, and Bank Interest Margins
Financial Intermediation, Monetary Uncertainty, and Bank Interest Margins |
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| Creator |
Hernández, Leonardo
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| Subject |
—
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| Description |
This paper studies a simple model of financial intermediation in order to understand how the lending-borrowing spread or interest margin) charged by financial intermediaries is determined in equilibrium in a monetary economy. The main conclusion of the paper concerns the effect on the spread of changes in the distribution of monetary innovations. Thus, changes in the monetary-policy-rule followed by the Central Bank which alter the volatility of inflation will have important effects on the interest margin and also on the amount of credit available to investors. A crosssection empirical analysis strongly supports our hypothesis:
Financial Intermediation, Monetary Uncertainty, and Bank Interest Margins |
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| Publisher |
Universidad Alberto Hurtado - Facultad de Economía y Negocios
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| Contributor |
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| Date |
2010-03-11
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.rae-ear.org/index.php/rae/article/view/227
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| Source |
Revista de Análisis Económico - Economic Analysis Review; Vol 7, No 2 (1992); 23-42
Revista de Análisis Económico – Economic Analysis Review; Vol 7, No 2 (1992); 23-42 0718-8870 0716-5927 |
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| Language |
eng
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| Relation |
http://www.rae-ear.org/index.php/rae/article/view/227/453
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