کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5056651 1476546 2006 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Convergence of interest rate pass-through in a wider euro zone?
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Convergence of interest rate pass-through in a wider euro zone?
چکیده انگلیسی

This study investigates interest rate pass-through convergence for the eight Central and Eastern European countries (CEECs) that joined the European Union. Based on a unifying empirical pass-through model that allows for thresholds, asymmetric adjustment, and structural changes, we find that the pass-through in many CEECs has become faster over time and is generally more complete than in the euro zone. We find evidence for convergence across CEECs with market concentration, bank health, foreign bank participation and monetary policy regime as conditioning factors. No convergence of the CEEC pass-through is found vis-à-vis the heterogeneous euro zone.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Systems - Volume 30, Issue 4, December 2006, Pages 405-423
نویسندگان
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