Open access
Datum
2012-08Typ
- Working Paper
ETH Bibliographie
yes
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Abstract
This paper estimates the pass-through and speed of adjustment of Italian regional interest rates to changes in the money market rate for the period 1998Q1-2009Q4. Our main findings suggest that the markup for the lending rates that banks charge are generally higher in the South than in the North. Moreover, our results indicate that the pass-through tends to be longer in Southern regions. We find little evidence supporting the hypothesis of asymmetric adjustment in the lending rates, but detect some evidence supporting upward rigidity in the regional deposit rates. Mehr anzeigen
Persistenter Link
https://doi.org/10.3929/ethz-a-007349785Publikationsstatus
publishedZeitschrift / Serie
KOF Working PapersBand
Verlag
KOF Swiss Economic Institute, ETH ZurichThema
ITALIEN (SÜDEUROPA). REPUBLIK ITALIEN; Error correction model; BANKEN + BANKWESEN; MONETARY POLICY; ZINSSATZ; BANKS + BANKING; Interest rates pass-through; INTEREST RATE; ITALY (SOUTH EUROPE). REPUBLIC OF ITALY; GELDPOLITIK; Monetary policyOrganisationseinheit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ETH Bibliographie
yes
Altmetrics