The SPREAD of Interest Rates in Colombia for the Period 2010-2020

Juan Camilo Galvis-Ciro (), Guillermo David Hincapié-Vélez (), Claudio Oliveira de Morales () and Jaime García-Lopera ()
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Juan Camilo Galvis-Ciro: Universidad Pontificia Bolivariana
Guillermo David Hincapié-Vélez: Universidad Pontificia Bolivariana
Claudio Oliveira de Morales: Banco Central de Brasil
Jaime García-Lopera: Universidad Autónoma Latinoamericana
Authors registered in the RePEc Author Service: Claudio de Moraes () and Juan Camilo Galvis Ciro, Sr. ()

Lecturas de Economía, 2022, issue 97, 45-78

Abstract: The SPREAD is a measure of the financial system intermediation costs and affects economic growth. This article evaluates the SPREAD determinants for the Colombian economy by the period 2010-2020. We use the dynamic data panel methodology and estimate several models with the generalized moment method (GMM). The results show that the macroeconomic environment, especially unemployment, and the operational efficiency of financial institutions are important factors to explain SPREAD. Furthermore, the market concentration of the financial system is also relevant to explain the intermediation costs.

Keywords: Interest rate; SPREAD; Financial Market; Panel Data. (search for similar items in EconPapers)
JEL-codes: C33 E4 G1 G2 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:2022:i:97:p:45-78

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DOI: 10.17533/udea.le.n97a345596

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