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Interest Rate Spreads in an Emerging Economy: The Case of Pakistan’s Commercial Banking Sector

Ayesha Afzal
Nawazish Mirza

Puni tekst: engleski, pdf (4 MB) str. 987-1004 preuzimanja: 373* citiraj
APA 6th Edition
Afzal, A. i Mirza, N. (2012). Interest Rate Spreads in an Emerging Economy: The Case of Pakistan’s Commercial Banking Sector. Economic research - Ekonomska istraživanja, 25 (4), 987-1004. Preuzeto s https://hrcak.srce.hr/97024
MLA 8th Edition
Afzal, Ayesha i Nawazish Mirza. "Interest Rate Spreads in an Emerging Economy: The Case of Pakistan’s Commercial Banking Sector." Economic research - Ekonomska istraživanja, vol. 25, br. 4, 2012, str. 987-1004. https://hrcak.srce.hr/97024. Citirano 21.09.2020.
Chicago 17th Edition
Afzal, Ayesha i Nawazish Mirza. "Interest Rate Spreads in an Emerging Economy: The Case of Pakistan’s Commercial Banking Sector." Economic research - Ekonomska istraživanja 25, br. 4 (2012): 987-1004. https://hrcak.srce.hr/97024
Harvard
Afzal, A., i Mirza, N. (2012). 'Interest Rate Spreads in an Emerging Economy: The Case of Pakistan’s Commercial Banking Sector', Economic research - Ekonomska istraživanja, 25(4), str. 987-1004. Preuzeto s: https://hrcak.srce.hr/97024 (Datum pristupa: 21.09.2020.)
Vancouver
Afzal A, Mirza N. Interest Rate Spreads in an Emerging Economy: The Case of Pakistan’s Commercial Banking Sector. Economic research - Ekonomska istraživanja [Internet]. 2012 [pristupljeno 21.09.2020.];25(4):987-1004. Dostupno na: https://hrcak.srce.hr/97024
IEEE
A. Afzal i N. Mirza, "Interest Rate Spreads in an Emerging Economy: The Case of Pakistan’s Commercial Banking Sector", Economic research - Ekonomska istraživanja, vol.25, br. 4, str. 987-1004, 2012. [Online]. Dostupno na: https://hrcak.srce.hr/97024. [Citirano: 21.09.2020.]

Sažetak
This paper explores the determinants of interest rate spreads in Pakistan’s commercial banking sector in post transition period (2004 – 2009) using an exhaustive set of macro and firm level variables to analyse their impact on intermediary efficiency. We introduce two innovative variables of default likelihood indicator (Black Merton and Scholes option pricing framework) and proportion of public sector deposits in total deposits to explain the variation in spreads. The results suggest that intermediary efficiency is affected by bank size, operational efficiency, asset quality, liquidity, risk absorption capacity and GDP growth rate. There is evidence for deposit market share and deposit market concentration establishing the presence of an interest sensitive deposit market. We could not find support for impact of interest rate volatility and financial development indicator on banking spreads.

Ključne riječi
Banking Spreads; Interest Margins; Pakistan’s Financial System

Hrčak ID: 97024

URI
https://hrcak.srce.hr/97024

[hrvatski]

Posjeta: 853 *