Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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This paper uses interest rate data that cover a longer period and that are based on more harmonised
principles than those used by previous pass-through studies for the euro area. We find that stronger
competition implies significantly lower interest rate spreads for most loan market products, as we
expected. Using an error correction model (ECM) approach to measure the effect of competition on the
pass-through of market rates to bank interest rates, we likewise find that banks tend to price their loans
more in accordance with the market in countries where competitive pressures are stronger.
Furthermore, where loan market...
Nội dung trích xuất từ tài liệu:
IMPACT OF BANK COMPETITION ON THE INTEREST RATE PASS-THROUGH IN THE EURO AREA
