MARKET POWER AND BANK INTEREST RATE ADJUSTMENTS - Documentos de Trabajo N º 0539 docx

... is considered a new bank. MARKET POWER AND BANK INTEREST RATE ADJUSTMENTS Documentos de Trabajo N. º 0539 Raquel Lago-González and Vicente Salas-Fumás 2005 BANCO DE ESPAÑA 23 DOCUMENTO DE TRABAJO ... effect [ν (n) ] - na - na + Indirect effect [β (n) ] - - na na* na COLLUSIVE BEHAVIOR (ν) + na + na - Note: na: not applicable. * Inc...

Ngày tải lên: 15/03/2014, 14:20

... Deutschen Bundesbank (Frankfurt: Deutsche Bundesbank). Edin, Per-Anders, and Anders Vredin, 1993, “Devaluation Risk in Target Zones: Evidence from the Nordic Countries,” Economic Journal, Vol. ... 1994; Cook and Hahn, 1988 and 1989; and Radecki and Reinhart, 1994), the Bank of England (Dale, 1993), the Bank of Canada (Paquet and Pérez, 1995), and recently the Deutsche Bundes...

Ngày tải lên: 06/03/2014, 02:21

... retail interest rate adjustment process the examination of the interest rate duration and its determinants is of key importance for understanding interest rate dynamics. 3. Bank mergers and the ... Investigation into Bank Interest Rate Rigidity, Federal Reserve Bank of Cleveland Working Paper 201 0-0 1 De Graeve, F. O. De Jongh, and R.V. Vennet (2007): Co...

Ngày tải lên: 15/03/2014, 14:20

... and banking soundness”. In Enoch C. and Green J.H. (eds.), Banking Soundness and Macroeconomic Policy: Issues and Experiences in the Global Economy. International Monetary Fund, Washington D.C. ... model of reserves, bank runs and deposit insurance”. Journal of Banking and Finance 4: 33 5-3 44. Description label mean s.d. Lending deposit spread spread 0.081 0.010 Lendin...

Ngày tải lên: 15/02/2014, 05:20

... lending rate and money market rate, and deposit rate and money market rate financial development proxies and economic growth at the 5 per cent level This confirms the existence of an underlying ... long-run stationary steady-state relationship between the bank interest rates and the developments in money market rates. Table 3: Lending Rate – Money Market...

Ngày tải lên: 15/03/2014, 02:20

... cpaaustralia.com.au 3 Understanding and Managing Interest Rate Risk 1. De nition – what is interest rate risk? Interest rate risk should be managed where fluctuations in interest rate impact on the organisation’s ... 2 Typical financial instruments and hedges 7 2 Introduction This guide provides an overview of the issues associated with understanding and managing interes...

Ngày tải lên: 15/03/2014, 02:20

... types of banks as classified by the Deutsche Bundesbank: private banks, savings banks, cooperatives, branches of foreign banks, Landesbanks, and cooperative central banks. Bidders are all banks that participated ... Deutsche Bundesbank: private banks, savings banks, cooperatives, and branches of foreign banks. Nonbidders are all banks that did not participate in any main refinancing operati...

Ngày tải lên: 15/03/2014, 10:20

... balance sheet structure of non-financial agents and how it affects the sensitivity both of interest income and payments and of wealth to changes in the money market interest rate. Kneeshaw and ... by financial institutions in Italy, while they are evenly distributed across the financial and the non-financial private sector in Spain and the non-financial private sector repre...

Ngày tải lên: 15/03/2014, 14:20

... response of bank lending rate to a one standard-deviation innovation to market interest rate (dotted lines denote 95% confidence interval based on analytical standard errors) Six-month money ... response of bank deposit rate to a one standard-deviation innovation to market interest rate (dotted lines denote 95% confidence interval based on analytical standard errors)...

Ngày tải lên: 15/03/2014, 14:20

... 93 8-9 45 De Graeve, F. O. De Jonghe, and R.V. Vennet (2007): Competition, transmission and bank pricing policies: Evidence from Belgian loan and deposit markets, Journal of Banking & Finance, ... firms therein face more elastic demand. For the banking industry, Berger and Hannan (1991) model the positive relationship between market concentration and 20  menu cost...

Ngày tải lên: 15/03/2014, 14:20