Bank Credit Allocation in Latin America and the Caribbean

Gutierrez, Eva ; Karmali, Nadeem ; Sourrouille, Diego

World Bank, Washington, DC

关键词: LONG-TERM CREDIT;    LENDING;    FINANCIAL DEVELOPMENT;    CREDIT MATURITY;    MORTGAGE LENDING;   

DOI  :  10.1596/1813-9450-8571
RP-ID  :  WPS8571

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Despite their importance, data on thestructure of bank credit by maturity are scarce. For LatinAmerica and the Caribbean, data are particularly difficultto obtain, as few banks report loan maturity data incommercial data sets such as Bankscope. With support fromthe Association of Supervisors of Banks of the Americas,this study assembled a novel data set on the structure ofbank credit allocation in Latin America and the Caribbeancovering 21 countries during 2004-14. This paper usesBankscope and International Financial Statistics data toextended the coverage to more than 100 countries, creatingthe largest data set so far on credit by maturity.Benchmarking credit structure in Latin America and theCaribbean, the paper finds that the region is financiallyunderdeveloped, because the ratio of short-term credit togross domestic product is lower than in peers; long-termcredit is at par; and consumer and commercial loans arelower. The paper also explores patterns of credit growththrough nonparametric regressions. The results indicate thatshort-term credit grows faster than long-term credit asincome grows in low-income countries, but the situationreverses when countries reach high- or middle-income status.Reflecting this trend, the share of mortgage loans riseswith income.