APA 6th Edition Mustafa, A. i Toçi, V. (2018). Banking Sector Competition in the Panzar-Rosse Framework and Net Interest Margins: An Empirical Analysis Using the General Method of Moments. Croatian Economic Survey, 20 (1), 5-36. https://doi.org/10.15179/ces.20.1.1
MLA 8th Edition Mustafa, Arben i Valentin Toçi. "Banking Sector Competition in the Panzar-Rosse Framework and Net Interest Margins: An Empirical Analysis Using the General Method of Moments." Croatian Economic Survey, vol. 20, br. 1, 2018, str. 5-36. https://doi.org/10.15179/ces.20.1.1. Citirano 23.01.2021.
Chicago 17th Edition Mustafa, Arben i Valentin Toçi. "Banking Sector Competition in the Panzar-Rosse Framework and Net Interest Margins: An Empirical Analysis Using the General Method of Moments." Croatian Economic Survey 20, br. 1 (2018): 5-36. https://doi.org/10.15179/ces.20.1.1
Harvard Mustafa, A., i Toçi, V. (2018). 'Banking Sector Competition in the Panzar-Rosse Framework and Net Interest Margins: An Empirical Analysis Using the General Method of Moments', Croatian Economic Survey, 20(1), str. 5-36. https://doi.org/10.15179/ces.20.1.1
Vancouver Mustafa A, Toçi V. Banking Sector Competition in the Panzar-Rosse Framework and Net Interest Margins: An Empirical Analysis Using the General Method of Moments. Croatian Economic Survey [Internet]. 2018 [pristupljeno 23.01.2021.];20(1):5-36. https://doi.org/10.15179/ces.20.1.1
IEEE A. Mustafa i V. Toçi, "Banking Sector Competition in the Panzar-Rosse Framework and Net Interest Margins: An Empirical Analysis Using the General Method of Moments", Croatian Economic Survey, vol.20, br. 1, str. 5-36, 2018. [Online]. https://doi.org/10.15179/ces.20.1.1
Sažetak This paper provides empirical evidence on the determinants of net interest margins in Central, Eastern, and Southeastern European countries (CESEE) during the period 1999–2009, with a particular focus on the relationship between banking sector competition and net interest margins. Using country-level Panzar-Rosse H-statistic estimates as a measure of competition, and the General Method of Moments, it has been determined that banking sector competition had a negative impact on net interest margins. In order to check for consistency, alternative measures of competition, such as the Lerner index and the Herfindahl-Hirschman index, have also been used. The results appear consistent and suggest that higher market power is associated with higher interest margins. A number of interactions have been used to check for the impact of competition when interacted with other variables. The study also provides evidence on the impact of other bank-specific, macroeconomic, and institutional variables on net interest margins.