The Pass-Through from Market Interest Rates to Bank Lending Rates in Germany
نویسندگان
چکیده
منابع مشابه
The Interactions between the Lending Rates, Deposit Rates and Money Market Rates
T he present paper investigates the impact of the financial crisis on the interaction between the lending rates, deposit rates and money market rates through the process of retail bank interest rate pass-through in the countries of the Euro area. Among our findings is the heterogeneity of bank rate adjustments across sectors, loans and deposits. That was mainly marked during the pre-...
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In implementing monetary policy, the Bank uses changes in the overnight interest rate on money market funds – the so-called cash rate – to influence the interest rate structure in the economy more generally, particularly the interest rates charged by intermediaries on loans. These interest rates normally move broadly in line with the cash rate, but in recent years they have fallen by significan...
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When an inside lender has private information about a firm, there is an information asymmetry among lenders. The effect of this asymmetry on the relative rates for firms borrowing from an insider or outsider is not well established. In the Sharpe (1990) model, an inside lender with private information competes against an outside lender with public information. In a correction to the model, von ...
متن کاملThe duration of bank retail interest rates
We use bank retail interest rates as price examples in a study of the determinants of price durations. The extraordinary richness of the data allows us to address some major open issues from the price rigidity literature, such as the functional form of the hazard of changing a price, the effect of firm and market characteristics on the duration of prices, and asymmetry in the speed of adjustmen...
متن کاملDeposit Insurance , Institutions and Bank Interest Rates
Many recent institutional reforms of the financial system have relied on the introduction of an explicit scheme of Deposit Insurance. This instrument aims at two main targets, contributing to systemic stability and protecting depositors. However it may also affect the interest rate spread in the banking system, which can be viewed as an indicator of market power in this financial segment. This ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2002
ISSN: 1556-5068
DOI: 10.2139/ssrn.320112