What Drives the Distributional Dynamics of Client Interest Rates on Consumer Loans in the Czech Republic?

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F19%3A10395658" target="_blank" >RIV/00216208:11230/19:10395658 - isvavai.cz</a>

Výsledek na webu

<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=7XyOdtv5HT" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=7XyOdtv5HT</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

What Drives the Distributional Dynamics of Client Interest Rates on Consumer Loans in the Czech Republic?

Popis výsledku v původním jazyce

We study determinants of the bank-level distributional dynamics of client interest rates on consumer loans in the Czech Republic in the recent period 2014-2019 when banks started to provide new consumer loans at very low interest rates. We build on the relevant literature in terms of the selected explanatory variables as well as the methodological approach and use regulatory data that enable us to work with the mean, median and the mode of the distribution of client interest rates on consumer loans. We show that development of the market rate, the NPL ratio as well as the unemployment rate facilitated the observed distributional dynamics. Further, using a variety of variables on market competition/market concentration, our analysis reveals that the role of this determinant is limited at best. Our results, especially regarding the pass-through from market rates to consumer loan rates, are mostly in line with the international literature but are novel in the Czech context.

Název v anglickém jazyce

What Drives the Distributional Dynamics of Client Interest Rates on Consumer Loans in the Czech Republic?

Popis výsledku anglicky

We study determinants of the bank-level distributional dynamics of client interest rates on consumer loans in the Czech Republic in the recent period 2014-2019 when banks started to provide new consumer loans at very low interest rates. We build on the relevant literature in terms of the selected explanatory variables as well as the methodological approach and use regulatory data that enable us to work with the mean, median and the mode of the distribution of client interest rates on consumer loans. We show that development of the market rate, the NPL ratio as well as the unemployment rate facilitated the observed distributional dynamics. Further, using a variety of variables on market competition/market concentration, our analysis reveals that the role of this determinant is limited at best. Our results, especially regarding the pass-through from market rates to consumer loan rates, are mostly in line with the international literature but are novel in the Czech context.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Finance a úvěr

ISSN

0015-1920

e-ISSN

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Svazek periodika

69

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

23

Strana od-do

275-297

Kód UT WoS článku

000482908300003

EID výsledku v databázi Scopus

2-s2.0-85069880206