The Nexus between Monetary Policy and Commercial Lending Rates: Comprehensive Evidence from Czechia during Different Policy Stances
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F22%3A43920974" target="_blank" >RIV/62156489:43110/22:43920974 - isvavai.cz</a>
Alternative codes found
RIV/00216224:14560/22:00126010
Result on the web
<a href="https://doi.org/10.1080/00128775.2021.2019057" target="_blank" >https://doi.org/10.1080/00128775.2021.2019057</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/00128775.2021.2019057" target="_blank" >10.1080/00128775.2021.2019057</a>
Alternative languages
Result language
angličtina
Original language name
The Nexus between Monetary Policy and Commercial Lending Rates: Comprehensive Evidence from Czechia during Different Policy Stances
Original language description
This paper investigates the interest rate pass-through in Czechia during different monetary policy stances from April 2005 to February 2020. The results suggest functioning pass-through in the initial stage of transmission, but responsiveness of the money market rate to the official rate differed during different monetary policy settings. The signaling role of the policy rate is important for loan pricing when policy is loosened, and the role of the money market is suppressed. Results also indicate a lowered responsiveness of PRIBOR to shocks in EURIBOR. When focusing on the exchange-rate interventions effect, we cannot confirm any significant impact on loan pricing.
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
50202 - Applied Economics, Econometrics
Result continuities
Project
<a href="/en/project/GA19-22488S" target="_blank" >GA19-22488S: Interactions between the financial sector and the real economy</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Eastern European Economics
ISSN
0012-8775
e-ISSN
1557-9298
Volume of the periodical
60
Issue of the periodical within the volume
4
Country of publishing house
GB - UNITED KINGDOM
Number of pages
22
Pages from-to
330-351
UT code for WoS article
000744420600001
EID of the result in the Scopus database
2-s2.0-85122857929