Banking Sector Competition in the Panzar-Rosse Framework and Net Interest Margins: An Empirical Analysis Using the General Method of Moments

IF 0.4 Q4 ECONOMICS

Croatian Economic Survey Pub Date : 2018-06-29 DOI:10.15179/ces.20.1.1

Arben Mustafa, Valentin Toçi

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引用次数: 2

Abstract

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 countrylevel 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. Arben Mustafa University “Kadri Zeka”, Faculty of Economics, Gjilan, Republic of Kosovo arben.mustafa@uni-gjilan.net Valentin Toçi University of Prishtina “Hasan Prishtina”, Faculty of Economics, Prishtina, Republic of Kosovo valentintoci@gmail.com CroEconSur Vol. 20 No. 1 June 2018 pp. 5-36 Received: March 10, 2017 Accepted: December 6, 2017 Research Article doi:10.15179/ces.20.1.1

查看原文本刊更多论文

Panzar-Rosse框架下的银行业竞争与净息差:基于矩量一般方法的实证分析

本文提供了1999-2009年期间中欧、东欧和东南欧国家(CESEE)净息差决定因素的实证证据，特别关注银行业竞争与净息差之间的关系。使用国家级Panzar-Rosse h统计估计作为竞争的衡量标准，以及一般时刻法，已经确定银行业竞争对净息差有负面影响。为了检查一致性，也使用了其他竞争指标，如勒纳指数和赫芬达尔-赫希曼指数。结果似乎是一致的，并表明较高的市场支配力与较高的利差相关。阿尔本·穆斯塔法大学“Kadri Zeka”，经济学院，吉兰，科索沃共和国arben.mustafa@uni-gjilan.net Valentin toi普里什蒂纳大学“Hasan普里什蒂纳”，经济学院，普里什蒂纳，科索沃共和国valentintoci@gmail.com CroEconSur Vol. 20 No. 1 June 2018 pp. 5-36收稿日期:2017年3月10日接收日期:2017年12月6日研究文章doi:10.15179/ces.20.1.1

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来源期刊

Croatian Economic Survey ECONOMICS-

CiteScore

0.90

自引率

0.00%

发文量

审稿时长

12 weeks

期刊介绍： The journal Croatian Economic Survey is a Diamond Open Access journal defined by the following characteristics: -Peer review: the article goes through the journal''s process of a double-blind peer review. -Public access: both the author and the public have immediate access to the final, published version of the article. -Funding model: both the author and the public pay no fee to the journal. The journal is financially supported by the Ministry of Science and Education of the Republic of Croatia. Croatian Economic Survey is an English-language, peer-reviewed scholarly journal published by the Institute of Economics, Zagreb in Croatia and financed by the Croatian Ministry of Science and Education. The journal aims to serve as a forum for academics and practitioners by publishing high-quality research papers on topics in all areas of economics. Special focus is given to post-socialist Europe. Comparative studies are especially encouraged, since these countries share a similar socio-economic background and comparative studies offer a valuable source of insight for policy formulation as well as a basis for competitive benchmarking. The journal welcomes empirical and policy-oriented papers relevant to a broader international audience. Contributions need not be limited solely to economics; submissions from other related disciplines are encouraged.