The Influence of the Monetary Policy Rate on the Non-Performing Loans and their Determinants
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F13%3A86086773" target="_blank" >RIV/61989100:27510/13:86086773 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Influence of the Monetary Policy Rate on the Non-Performing Loans and their Determinants
Original language description
In the recent years, an interest in the macroprudential policy, its role and interaction with the monetary policy has been rising. There is a need for cooperation between monetary policy makers and prudential regulators to achieve economic and financialstability because changes in monetary policy instruments can influence conducting of the macroprudential policy, and vice versa. The aim of this paper is to investigate the sensitivity of non-performing loans ratio (NPLR) and its macroeconomic determinants to the changes of monetary policy rate. In the empirical analysis we estimate Vector Autoregressive Model containing NPLR, lending rates of companies and households, real economic growth, changes in M2 money, changes in real effective exchange rate ofthe Czech Crown, and Czech National Banks´ monetary policy rate (two week repo rate). Based on the estimation results we found that there are different reactions of the households´ and companies´ lending rate to the monetary shock and NP
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/EE2.3.30.0016" target="_blank" >EE2.3.30.0016: Opportunities for young researchers</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach
Others
Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 11th International Conference Economic Policy in the European Union Member Countries : [18.-20. September 2013, Ostrava]
ISBN
978-80-248-3095-7
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
217-225
Publisher name
VŠB-Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Sep 18, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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