El SPREAD de las tasas de interés en Colombia para el período 2010-2020

Juan Camilo Galvis-Ciro; Guillermo David Hincapié-Vélez; Claudio Oliveira De Moraes; Jaime García-Lopera

doi:10.17533/udea.le.n97a345596

El SPREAD de las tasas de interés en Colombia para el período 2010-2020

Translated title of the contribution: The SPREAD of Interest Rates in Colombia for the Period 2010-2020

Juan Camilo Galvis-Ciro, Guillermo David Hincapié-Vélez, Claudio Oliveira De Moraes, Jaime García-Lopera

Economic Analysis

Research output: Contribution to journal › Article in an indexed scientific journal › peer-review

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.

Translated title of the contribution	The SPREAD of Interest Rates in Colombia for the Period 2010-2020
Original language	Spanish
Pages (from-to)	45-78
Number of pages	34
Journal	Lecturas de Economia
Issue number	97
DOIs	https://doi.org/10.17533/udea.le.n97a345596
State	Published - Jul 2022

Bibliographical note

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© 2022 Universidad de Antioquia. All rights reserved.

Types Minciencias

Artículos de investigación con calidad Q4

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.17533/udea.le.n97a345596

Cite this

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title = "El SPREAD de las tasas de inter{\'e}s en Colombia para el per{\'i}odo 2010-2020",

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 = "Financial Market, Interest rate, Panel Data, SPREAD",

author = "Galvis-Ciro, {Juan Camilo} and Hincapi{\'e}-V{\'e}lez, {Guillermo David} and {De Moraes}, {Claudio Oliveira} and Jaime Garc{\'i}a-Lopera",

year = "2022",

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T1 - El SPREAD de las tasas de interés en Colombia para el período 2010-2020

AU - Galvis-Ciro, Juan Camilo

AU - Hincapié-Vélez, Guillermo David

AU - De Moraes, Claudio Oliveira

AU - García-Lopera, Jaime

PY - 2022/7

Y1 - 2022/7

N2 - 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.

AB - 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.

KW - Financial Market

KW - Interest rate

KW - Panel Data

KW - SPREAD

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M3 - Artículo en revista científica indexada

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SN - 0120-2596

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EP - 78

JO - Lecturas de Economia

JF - Lecturas de Economia

IS - 97

ER -

El SPREAD de las tasas de interés en Colombia para el período 2010-2020

Abstract

Bibliographical note

Types Minciencias

UN SDGs

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