Retail bank interest rate pass-through in the euro area: An empirical survey

Andries, Natalia; Billon, Steve

doi:10.1016/j.ecosys.2015.06.001

Cited by 45 publications

(27 citation statements)

References 51 publications

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“…Kwapil and Scharler (2010) show that the incompleteness of the long-run interest rate pass-through hampers macroeconomic stability. For a comprehensive review of interest rate pass-through in the Euro zone, see Andries and Billon (2016).…”

Section: Literature Reviewmentioning

confidence: 99%

Interest rate liberalization and pass-through of monetary policy rate to bank lending rates in China

Li¹,

Liu²

2019

Front. Bus. Res. China

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We examine whether the effectiveness of the monetary policy rate transmission differs before and after interest rate liberalization in China using the autoregressive distributed lag (ARDL) bound test and an error correction model (ECM). The results show that after liberalization the mark-up is lower, and both the long-run and shortrun interest rate pass-through has become faster and more complete. We attribute our findings to the ongoing reforms of China's banking system, which has improved the competitiveness of Chinese commercial banks.

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Section: Literature Reviewmentioning

confidence: 99%

Interest rate liberalization and pass-through of monetary policy rate to bank lending rates in China

Li¹,

Liu²

2019

Front. Bus. Res. China

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“…Some studies (Aziakpono and Wilson, 2013;Bennouna, 2019) focus on the fact that whether there is a complete or an incomplete pass through effect. Andries and Billon (2016) found an incomplete pass through effect from short term policy rates to deposit rates and a close long term effect to lending rates in Euro Zone for pre-2008 period. The relationship whether changes or remains the same during periods of financial distress (Aristei and Gallo, 2014;Illes and Lombardi, 2013) or accross countries (Belke, Beckman and Verheyen, 2013;Illes, Lombardi and Mizen, 2015) were also studied.…”

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confidence: 89%

The Behaviour of Interest Rates in Turkey

Sunal

2020

Fiscaoeconomia

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“…In addition, Andries and Billon (2016) evaluate the empirical literature on the retail bank interest rate passthrough in countries within the euro areas [57], and further provide a comprehensive argument on the econometric issues challenging an appropriate assessment of the interest rate pass-through. Findings indicate the existence of the short-run and long-run interest rate pass-through and the adjustment dynamics of bank interest rates.…”

Section: Review Of the Empirical Literaturementioning

confidence: 99%

Macroeconomic Analysis of Interest Rate and Economic Growth in Nigeria: A Time Series Approach

Idris¹

2019

IJFBR

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This study examines the impact of interest rate on economic growth in Nigeria using annual time series data spanning 1980 to 2017. This phenomenon is particularly interesting from a theoretical standpoint as well as for the understanding of financial market mechanisms. The Vector Autoregression (VAR) model and the Granger causality test are employed to estimate the model coefficients and measure the causal relationship among the concerned variables. From the VAR-based impulse response function and its corresponding variance decomposition estimates, result shows the existence of negative relationship between interest rate and economic growth in Nigeria. In addition, the Granger causality test indicates the presence of bi-directional causal relationship between interest rate and economic growth. Consequently, monetary authorities should designed and implement interest rate policies that enhance investment and take into cognisance other elements that retard investment progression. To attain the desired growth level in Nigeria, monetary authorities and policy makers should adopt policy measures that are growth oriented and have the potentials to accelerate the economy to higher productivity and sustainable economic growth.

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Retail bank interest rate pass-through in the euro area: An empirical survey

Cited by 45 publications

References 51 publications

Interest rate liberalization and pass-through of monetary policy rate to bank lending rates in China

Interest rate liberalization and pass-through of monetary policy rate to bank lending rates in China

The Behaviour of Interest Rates in Turkey

Macroeconomic Analysis of Interest Rate and Economic Growth in Nigeria: A Time Series Approach

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