Determinants of credit growth and interest margins in the Philippines and Asia /

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Bibliographic Details
Author / Creator:	Tan, Tatum Blaise Pua, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2012.
Description:	1 online resource (25 pages) : illustrations.
Language:	English
Series:	IMF working paper ; WP/12/123 IMF working paper ; WP/12/123.
Subject:	Credit -- Philippines -- Econometric models. Credit -- Asia -- Econometric models. Interest rates -- Philippines -- Econometric models. Interest rates -- Asia -- Econometric models. Credit -- Econometric models. Economic history. Interest rates -- Econometric models. Philippines -- Economic conditions. Asia -- Economic conditions. Asia. Philippines. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12500235

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Asia and Pacific Department, issuing body.
Notes:	Title from PDF title page (IMF Web site, viewed May 25, 2012). "Asia and Pacific Department." "May 2012." Includes bibliographical references.
Summary:	Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy weaknesses in bank balance sheets, consumption-led economic growth, and relatively high net interest margins. Bank-level analysis suggests that interest margins in the Philippines rise with bank size, bank capitalization, foreign ownership, overhead costs and tax rates. Using bank-level data for a number of Asian economies, we find that higher growth, lower inflation, higher reserve requirements, greater banking sector development, smaller stock market development and lower government deficits reduce net interest margins, informing the policy debate on strengthening financial intermediation in the Philippines.

Table of Contents:

Cover; Contents; I. Introduction; Figures; 1. Private Sector Credit Growth across the Region; 2. Private Sector Credit across the Region (as a percent of GDP); 3. Gross International Reserves and Special Deposit Accounts; 4. Credit and Deposit in the Philippines; 5. Net Interest Margin across the Region; II. A Brief Overview on the Philippine Banking Industry; 6. Total Resources of the Philippine Financial System; 7. Non-Performing Loans and Non-Performing Assets Ratios; III. What Drives Private Credit?; A. Data and Methodology; 8. Investment Rate (as a percent of GDP).
9. Consumption Rate (as a percent of GDP)B. Empirical Results; Tables; 1. Regression Results on Determinants of Private Credit Growth; 10. Consumer Loans; IV. What Drives Net Interest Margins?; A. Data and Methodology; 2. Correlation Matrix for the Explanatory Variables of Net Interest Margins in the Philippines; B. Empirical Results; 3. Gross International Reserves and Special Deposit Accounts; 4. Regression Results on Determinants of Net Interest Margins in Selected Countries in the Region; 11. Herfindahl Index Across the Region; 12. ATM-to-Branch Ratio.

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