RETAIL BANK INTEREST RATE PASS-THROUGH: IS CHILE ATYPICAL? pptx

... rate 0.92 0.98 0.99 0.76 0.61 0.58 0.70 0.84 0.72 0.86 0.87 0.88 0.99 0.96 0.85 0.98 0.92 0.94 0.93 0.92 0.93 0.94 0.99 1.00 0.84 0.70 0.71 0.80 0.89 0.88 0.89 0.90 0.91 0.98 0.97 0.99 0.96 0.98 0.92 0.89 0.88 0.91 0.88 0.80 0.89 0.90 0.98 0.89 0.84 0.97 0.98 0.99 0.77 0.69 0.63 0.71 0.81 0.33 0.78 0.81 0.59 0.72 0.88 0.83 0.99 0.65 0.87 0.87 0.87 0.74 0.91 0.89 0.91 0.88 0.94 Retail Ban...

Ngày tải lên: 22/03/2014, 23:20

... expectations) Table 7. Chile: Retail Interest Rate Pass-Through Asymmetry Tightening Easing Tightening Retail bank rate Baseline Easing Tightening Easing Interest rate cycle Retail bank rate On impact Long- run Mean ... Rate to Bank Lending Rates: the Chilean Banking Industry," Paper presented at the Sixth Annual Conference of the Central Bank of Chile, De...

Ngày tải lên: 22/03/2014, 23:20

... by all researchers is the stickiness of the retail banks interest rate. One of the most famous attempts to explain interest rate stickiness is Stiglitz and Weiss (1981). This study examines ... money market rate in Turkey. Keywords: Interest rate pass-through, retail interest rates, Turkish banking system, ECM JEL Classification Codes: E43, E52, G21 1. Introd...

Ngày tải lên: 15/03/2014, 02:20

... Correlation analysis between retail bank interest rates and market interest rates This section presents a correlation analysis between retail bank rates and market interest rates. The aim is to detect ... which market interest rates are fully passed through to retail bank interest rates (Hendry, 1995). The existence of cointegration between retail bank interest...

Ngày tải lên: 15/03/2014, 14:20

... market interest rates are (weakly) exogenous to retail bank interest rates. This assumption makes economically sense, since bank interest rates are not expected to affect market interest rate ... to the retail bank interest rate (which is alternatively the rate on short and long-term loans to enterprises, consumption credit and mortgages), is the short-term m...

Ngày tải lên: 22/03/2014, 23:20

... S(60) R ˆ R Which interest rate scenario is the worst one for a bank? Evidence from a tracking bank approach for German savings and cooperative banks Christoph Memmel Discussion Paper Series 2: Banking ... Bundesbank, Press and Public Relations Division, at the above address or via fax +49 69 9566-3077 Internet http://www.bundesbank.de Reproduction permitted only if source is st...

Ngày tải lên: 22/03/2014, 23:20

... estimation procedure, separate parameters are estimated for interest rate increases and decreases). When the three-month interbank rate is close to the discount rate (so ln(R3M/DISC) is small or negative) ... decrease in official rates is likely. When it is close to the Lombard rate (so ln(R3M/LOMB) is large) an increase is likely. When the interbank rate is far from...

Ngày tải lên: 06/03/2014, 02:21

... Relativity Theory Revisited: Is Publishing Interest Rate Forecasts Really so Valuable? 0LFKDï%U]R]D%U]H]LQD Adam Kot NATIONAL BANK OF POLAND WORKING PAPER No. 52 5HIHUHQFHV National Bank of Poland 20 :HEHU$ +RZVKRXOGFHQWUDOEDQNVVLJQDOWKHLULQWHQWLRQVUHJDUGLQJIXWXUH interest ... OHGJHWUDQVSDUHQF\  (FRQRPLFVRI*RYHUQDQFHSS 5HIHUHQFHV :25.,1*...

Ngày tải lên: 06/03/2014, 02:21

... market interest rates are (weakly) exogenous to retail bank interest rates. This assumption makes economically sense, since bank interest rates are not expected to affect market interest rate ... to the retail bank interest rate (which is alternatively the rate on short and long-term loans to enterprises, consumption credit and mortgages), is the short-term m...

Ngày tải lên: 15/03/2014, 14:20

... asymmetries is that banks tend to keep deposit interest rates low and delay rises when the money market interest rate increases. However, this would not be consistent with profit maximising behaviour ... (interbank market interest rate) and loan and deposit interest rates and from 1988 to 2002 Loan and deposit interest rates reported are linear averages of actual interes...

Ngày tải lên: 15/03/2014, 14:20