Bank efficiency and interest rate pass-through: Evidence from Czech loan products
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F16%3A10327543" target="_blank" >RIV/00216208:11230/16:10327543 - isvavai.cz</a>
Výsledek na webu
<a href="http://dx.doi.org/10.1016/j.econmod.2016.01.004" target="_blank" >http://dx.doi.org/10.1016/j.econmod.2016.01.004</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.econmod.2016.01.004" target="_blank" >10.1016/j.econmod.2016.01.004</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Bank efficiency and interest rate pass-through: Evidence from Czech loan products
Popis výsledku v původním jazyce
An important component of monetary policy transmission is the pass-through from financial market interest rates, directly influenced or targeted by central banks, to the rates that banks charge firms and households. Yet the available evidence on the strength and speed of the pass-through is mixed. We examine the pass-through mechanism using a unique data set of Czech loan and deposit products and focus on bank-level determinants of pricing policies, especially cost efficiency, which we estimate employing both stochastic frontier and data envelopment analysis. Our main results are threefold: First, the long-term pass-through was close to complete for most products before the financial crisis, but has weakened considerably afterward. Second, banks that provide high rates for deposits usually charge high loan markups. Third, cost-efficient banks tend to smooth loan rates for their clients. (C) 2016 Elsevier B.V.
Název v anglickém jazyce
Bank efficiency and interest rate pass-through: Evidence from Czech loan products
Popis výsledku anglicky
An important component of monetary policy transmission is the pass-through from financial market interest rates, directly influenced or targeted by central banks, to the rates that banks charge firms and households. Yet the available evidence on the strength and speed of the pass-through is mixed. We examine the pass-through mechanism using a unique data set of Czech loan and deposit products and focus on bank-level determinants of pricing policies, especially cost efficiency, which we estimate employing both stochastic frontier and data envelopment analysis. Our main results are threefold: First, the long-term pass-through was close to complete for most products before the financial crisis, but has weakened considerably afterward. Second, banks that provide high rates for deposits usually charge high loan markups. Third, cost-efficient banks tend to smooth loan rates for their clients. (C) 2016 Elsevier B.V.
Klasifikace
Druh
J<sub>x</sub> - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)
CEP obor
AH - Ekonomie
OECD FORD obor
—
Návaznosti výsledku
Projekt
<a href="/cs/project/GBP402%2F12%2FG097" target="_blank" >GBP402/12/G097: DYME-Dynamické modely v ekonomii</a><br>
Návaznosti
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Ostatní
Rok uplatnění
2016
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Economic Modelling
ISSN
0264-9993
e-ISSN
—
Svazek periodika
54
Číslo periodika v rámci svazku
April 2016
Stát vydavatele periodika
NL - Nizozemsko
Počet stran výsledku
17
Strana od-do
153-169
Kód UT WoS článku
000374195900012
EID výsledku v databázi Scopus
2-s2.0-84955306704