The spread of interest rates in Argentina
The aim of this paper is to understand the high differential between the interest rate spreads in Argentina relative to developed countries. We document the evolution of the lending interest rates for the post convertibility plan period together with the different characteristics of loans, focusing...
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1998
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| Acceso en línea: | https://bibliotecadigital.exactas.uba.ar/collection/paper/document/paper_0046001X_v38_nNUMEROESPECIAL_p231_Buera http://hdl.handle.net/20.500.12110/paper_0046001X_v38_nNUMEROESPECIAL_p231_Buera |
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| Sumario: | The aim of this paper is to understand the high differential between the interest rate spreads in Argentina relative to developed countries. We document the evolution of the lending interest rates for the post convertibility plan period together with the different characteristics of loans, focusing the analysis on the wide heterogeneity of the interest rates charged for different types of loans. The theoretical framework is a simple competitive model with constant returns to scale technologies to each credit line. We test the model using a panel data set constructed by the Central Bank of Argentina Republic. |
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