Has the interest rate pass-through changed after the financial crisis in the Czech Republic?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86098206" target="_blank" >RIV/61989100:27510/16:86098206 - isvavai.cz</a>
Result on the web
<a href="https://www.slu.cz/opf/cz/struktura/katedry/katedra-ekonomie-a-verejne-spravy/konference-kek-2016/Conference_Proceedings_part-1.pdf/" target="_blank" >https://www.slu.cz/opf/cz/struktura/katedry/katedra-ekonomie-a-verejne-spravy/konference-kek-2016/Conference_Proceedings_part-1.pdf/</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Has the interest rate pass-through changed after the financial crisis in the Czech Republic?
Original language description
This paper examines interest rate pass-through in the Czech Republic. Lately, after the financial crisis, banks have reacted sluggishly on the monetary easing in the Czech Republic. Thus, the intention is to find out, if there is any change in interest rate pass-through caused by the financial crisis. To fulfil this intention, I use an ARDL modeling approach on two subsample of data covering the pre and post crisis period. The results suggest that the interest rate pass-through for large corporate loans rate is complete before the financial crisis, however, the strength of the pass-through is lesser by half after the financial crisis. Similarly, it is valid for the small corporate loans rate and for the mortgage loan rate. Although the interest rate pass-through is not complete in these cases, the pass-through is still weaker after the crisis. Therefore, banks react more slowly on the monetary policy rate changes since the outbreak of the financial crisis.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of 14th International Scientific Conference Economic Policy in the European Union Member Countries: September 14-16, 2016, Petrovice u Karviné, Czech Republic. Part 1
ISBN
978-80-7510-210-2
ISSN
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e-ISSN
neuvedeno
Number of pages
8
Pages from-to
173-181
Publisher name
Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné
Place of publication
Opava
Event location
Petrovice u Karviné
Event date
Sep 14, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000403638200018

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