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 examines the velocity and asymmetry of the response of bank interest rates
to monetary policy shocks. Using an Asymmetric Vector Error Correction Model (AVECM),
it analyses the pass-through of changes in money market rates to retail bank interest rates in
Italy in the period 1985-2002. The main results of the paper are: 1) the speed of adjustment
of bank interest rates to monetary policy changes increased significantly after the
introduction of the 1993 Consolidated Law on Banking; 2) interest rate adjustment in
response to positive and negative shocks is asymmetric in the short run, but not...
Nội dung trích xuất từ tài liệu:
Temi di discussione: Are there asymmetries in the response of bank interest rates to monetary shocks?
