Assessing the determinants of interest rate transmission through conditional impulse response functions:
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.]
International Monetary Fund
©2013
|
| Schriftenreihe: | IMF working paper
WP/13/23 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Feb. 4, 2013). - "European Department"--Page 2 of pdf. - "January 2013"--Page 2 of pdf "We employ a structural panel VAR model with interaction terms to identify determinants of effective transmission from central bank policy rates to retail lending rates in a large country sample. The framework allows deriving country specific pass-through estimates broken down into the contributions of structural country characteristics and policies. The findings suggest that industrial economies tend to enjoy a higher pass-through largely on account of their more flexible exchange rate regimes and their more developed financial systems. The average pass-through in our sample increased from 30 to 60 percent between 2003 and 2008, mainly due to positive risk sentiment, rising inflation and increasingly diversified banking sectors. The crisis reversed this trend partly as banks increased precautionary liquidity holdings, non-performing loans proliferated and inflation moderated"--Abstract Includes bibliographical references (page 27) |
| Beschreibung: | 1 Online-Ressource (37 pages) |
| ISBN: | 9781475596199 1475596197 |
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| 500 | |a Title from PDF title page (IMF Web site, viewed Feb. 4, 2013). - "European Department"--Page 2 of pdf. - "January 2013"--Page 2 of pdf | ||
| 500 | |a "We employ a structural panel VAR model with interaction terms to identify determinants of effective transmission from central bank policy rates to retail lending rates in a large country sample. The framework allows deriving country specific pass-through estimates broken down into the contributions of structural country characteristics and policies. The findings suggest that industrial economies tend to enjoy a higher pass-through largely on account of their more flexible exchange rate regimes and their more developed financial systems. The average pass-through in our sample increased from 30 to 60 percent between 2003 and 2008, mainly due to positive risk sentiment, rising inflation and increasingly diversified banking sectors. The crisis reversed this trend partly as banks increased precautionary liquidity holdings, non-performing loans proliferated and inflation moderated"--Abstract | ||
| 500 | |a Includes bibliographical references (page 27) | ||
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| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Transmission mechanism (Monetary policy) | |
| 650 | 4 | |a Interest rates | |
| 700 | 1 | |a Weber, Sebastian |e Sonstige |4 oth | |
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| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.4/6 |
| dewey-search | 332.4/6 |
| dewey-sort | 3332.4 16 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:13:50Z |
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| isbn | 9781475596199 1475596197 |
| language | English |
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| publisher | International Monetary Fund |
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| series2 | IMF working paper |
| spelling | Saborowski, Christian Verfasser aut Assessing the determinants of interest rate transmission through conditional impulse response functions Christian Saborowski and Sebastian Weber [Washington, D.C.] International Monetary Fund ©2013 1 Online-Ressource (37 pages) txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/13/23 Title from PDF title page (IMF Web site, viewed Feb. 4, 2013). - "European Department"--Page 2 of pdf. - "January 2013"--Page 2 of pdf "We employ a structural panel VAR model with interaction terms to identify determinants of effective transmission from central bank policy rates to retail lending rates in a large country sample. The framework allows deriving country specific pass-through estimates broken down into the contributions of structural country characteristics and policies. The findings suggest that industrial economies tend to enjoy a higher pass-through largely on account of their more flexible exchange rate regimes and their more developed financial systems. The average pass-through in our sample increased from 30 to 60 percent between 2003 and 2008, mainly due to positive risk sentiment, rising inflation and increasingly diversified banking sectors. The crisis reversed this trend partly as banks increased precautionary liquidity holdings, non-performing loans proliferated and inflation moderated"--Abstract Includes bibliographical references (page 27) BUSINESS & ECONOMICS / Money & Monetary Policy bisacsh Interest rates fast Transmission mechanism (Monetary policy) fast Wirtschaft Transmission mechanism (Monetary policy) Interest rates Weber, Sebastian Sonstige oth International Monetary Fund European Department Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=548039 Aggregator Volltext |
| spellingShingle | Saborowski, Christian Assessing the determinants of interest rate transmission through conditional impulse response functions BUSINESS & ECONOMICS / Money & Monetary Policy bisacsh Interest rates fast Transmission mechanism (Monetary policy) fast Wirtschaft Transmission mechanism (Monetary policy) Interest rates |
| title | Assessing the determinants of interest rate transmission through conditional impulse response functions |
| title_auth | Assessing the determinants of interest rate transmission through conditional impulse response functions |
| title_exact_search | Assessing the determinants of interest rate transmission through conditional impulse response functions |
| title_full | Assessing the determinants of interest rate transmission through conditional impulse response functions Christian Saborowski and Sebastian Weber |
| title_fullStr | Assessing the determinants of interest rate transmission through conditional impulse response functions Christian Saborowski and Sebastian Weber |
| title_full_unstemmed | Assessing the determinants of interest rate transmission through conditional impulse response functions Christian Saborowski and Sebastian Weber |
| title_short | Assessing the determinants of interest rate transmission through conditional impulse response functions |
| title_sort | assessing the determinants of interest rate transmission through conditional impulse response functions |
| topic | BUSINESS & ECONOMICS / Money & Monetary Policy bisacsh Interest rates fast Transmission mechanism (Monetary policy) fast Wirtschaft Transmission mechanism (Monetary policy) Interest rates |
| topic_facet | BUSINESS & ECONOMICS / Money & Monetary Policy Interest rates Transmission mechanism (Monetary policy) Wirtschaft |
| url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=548039 |
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