@misc{10481/31472,
year = {2005},
url = {http://hdl.handle.net/10481/31472},
abstract = {Most of the theoretical and empirical literature on bank margins has dealt solely with interest margins. Applying the seminal Ho-Saunders model (JFQA, 1981) to a multi-output framework, we show that the relationship between bank margins and market power (controlling for risk) varies significantly across bank specializations. Using a set of both accounting margins
and New Empirical Industrial Organization (NEIO) margins, we find that market power rises significantly with output diversification to wards non-traditional activities. These results contribute to explain the paradoxical coexistence of decreasing interest margins and higher
market power found in previous studies.},
organization = {Financial support from the Spanish Savings Banks Foundation (FUNCAS) and MCYT-FEDER, SEC2002-00348.},
publisher = {Universidad de Granada. Departamento de Teoría e Historia Económica},
keywords = {Bank margins},
keywords = {Specialization},
keywords = {Market structure},
title = {The determinants of bank margins revisited: a note on the effects of diversification},
author = {Carbó Valverde, Santiago and Rodríguez Fernández, Francisco},
}