Bank competition and the price of credit: Evidence using Mexican loan-level data*

被引：13
|
作者：
Canon, Carlos [1 ,2 ]
Cortes, Edgar [3 ]
Guerrero, Rodolfo [3 ]
机构：
[1] Bank England, London, England
[2] Kings Coll London, London, England
[3] Banco Mexico, Mexico City, DF, Mexico
来源：
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2022年 / 79卷
关键词：
Competition; Banks; Non-financial firms; Loan interest rate; MARKET POWER; INTEREST MARGIN; FOREIGN PARTICIPATION; RISK-TAKING; CONSTRAINTS; IMPACT; DETERMINANTS; DEREGULATION; ALLEVIATE; PANEL;
D O I：
10.1016/j.iref.2021.11.007
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper studies the relationship between competition measures at the bank level and the price of credit for non-financial firms in Mexico during 2009-2016. Two indicators of competition are constructed: the Lerner indicator and the Boone indicator. Evidence is provided that similar loans provided by banks with higher market power (Lerner indicator) are significantly more expensive: 11 percent higher than the mean interest rate. In addition, that price difference is concentrated in loans given out to microenterprises and small firms, and firms located in the central and southern regions of the country.
引用
收藏
页码：56 / 74
页数：19
相关论文
共 50 条
  • [1] How does bank competition affect credit risk? Evidence from loan-level data
    Martin-Oliver, Alfredo
    Ruano, Sonia
    Salas-Fumas, Vicente
    [J]. ECONOMICS LETTERS, 2020, 196
  • [2] Building a Credit Model Using GSE Loan-Level Data
    Anderson, Scott
    Jozwik, Janet
    [J]. JOURNAL OF STRUCTURED FINANCE, 2014, 20 (01): : 19 - 36
  • [3] Bank market power and firm finance: evidence from bank and loan-level data
    Gomez-Gonzalez, Jose E.
    Sanin-Restrepo, Sebastian
    Tamayo, Cesar E.
    Valencia, Oscar M.
    [J]. ECONOMIC CHANGE AND RESTRUCTURING, 2023, 56 (06) : 4629 - 4660
  • [4] Bank market power and firm finance: evidence from bank and loan-level data
    Jose E. Gomez-Gonzalez
    Sebastian Sanin-Restrepo
    Cesar E. Tamayo
    Oscar M. Valencia
    [J]. Economic Change and Restructuring, 2023, 56 : 4629 - 4660
  • [5] Risk-taking and bank competition under a low interest rate environment: Evidence from loan-level data
    Shikimi, Masayo
    [J]. PACIFIC-BASIN FINANCE JOURNAL, 2023, 78
  • [6] An econometric evaluation of bank recapitalization programs with bank- and loan-level data
    Nakashima, Kiyotaka
    [J]. JOURNAL OF BANKING & FINANCE, 2016, 63 : 1 - 24
  • [7] Identifying ever-greening: Evidence using loan-level data
    Tantri, Prasanna
    [J]. JOURNAL OF BANKING & FINANCE, 2021, 122
  • [8] A Look at Freddie Mac's Loan-Level Credit Performance Data
    Goodman, Laurie S.
    Landy, Brian
    Ashworth, Roger
    Yang, Lidan
    [J]. JOURNAL OF STRUCTURED FINANCE, 2014, 19 (04): : 52 - 61
  • [9] How does local government debt affect bank loan pricing? Evidence from loan-level data
    Chen, Wen
    [J]. ECONOMIC SYSTEMS, 2024, 48 (03)
  • [10] A Loan-level Investigation of Chinese Credit Guarantee
    Fong, Wai-Ming
    Liu, Ming
    Yu, Xiaojian
    [J]. CHINESE ECONOMY, 2020, 53 (06) : 433 - 454
12345