Asymmetric overnight rate pass-through to bank loan rates: A meta-analysis
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F25%3A10513970" target="_blank" >RIV/00216208:11230/25:10513970 - isvavai.cz</a>
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=ODOdw78yM2" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=ODOdw78yM2</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.econmod.2025.107198" target="_blank" >10.1016/j.econmod.2025.107198</a>
Alternative languages
Result language
angličtina
Original language name
Asymmetric overnight rate pass-through to bank loan rates: A meta-analysis
Original language description
The literature offers mixed results on how bank lending rates respond to positive and negative fluctuations in the overnight interbank rate. Therefore, using data from 80 studies covering 30 years of research, this study employs meta-regression methods to investigate asymmetry in the overnight rate pass-through. The results show that the pass-through is asymmetric, with bank lending rates reacting more strongly to positive fluctuations than negative fluctuations. The results also show that the pass-through increases with trade openness and private sector credit supply but decreases with net national savings, while the degree of asymmetry increases with stock market size and trade openness but diminishes with central bank independence, net national savings, and monetary integration. Altogether, these findings reconcile the literature and offer new insights into the determinants of asymmetry and heterogeneity, underscoring the need to control for both in modeling the overnight rate pass-through.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Economic Modelling
ISSN
0264-9993
e-ISSN
1873-6122
Volume of the periodical
151
Issue of the periodical within the volume
October 2025
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
15
Pages from-to
107198
UT code for WoS article
001529857000004
EID of the result in the Scopus database
2-s2.0-105009617661