How Foreign Participation and Market Concentration Impact Bank Spreads: Evidence from Latin America
分析1990年代末拉丁美洲银行业外国参与和市场集中度对银行利差的影响，发现外资银行利差更低，尤其是新设外资银行；市场集中度直接推高利差和成本。
Increasing foreign participation and high concentration levels characterize the recent evolution of banking sectors' market structures in developing countries. We analyze the impact of these factors on Latin American bank spreads during the late 1990s. Our results suggest that foreign banks were able to charge lower spreads relative to domestic banks. This was more so for de novo foreign banks than for those that entered through acquisitions.The overall level of foreign bank participation seemed to influence spreads indirectly, primarily through its effect on administrative costs. Bank concentration was positively and directly related to both higher spreads and costs.