Why So High?: Understanding Interest Rate Spreads in Latin America By Philip Lawton Brock, Liliana Rojas-Suárez
2000 | 286 Pages | ISBN: 1886938741 | PDF | 12 MB
2000 | 286 Pages | ISBN: 1886938741 | PDF | 12 MB
Many countries in Latin America and the Caribbean have reformed their financial sectors and reaped major economic benefits as a result. However, the persistence of high interest rate spreads has been a disquieting outcome of the reforms. Why So High? presents the first systematic analysis of the micro- and macroeconomic determinants of bank spreads across the region.