Asymmetric overnight rate pass-through to bank loan rates: A meta-analysis
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F25%3A10513970" target="_blank" >RIV/00216208:11230/25:10513970 - isvavai.cz</a>
Výsledek na webu
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=ODOdw78yM2" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=ODOdw78yM2</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.econmod.2025.107198" target="_blank" >10.1016/j.econmod.2025.107198</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Asymmetric overnight rate pass-through to bank loan rates: A meta-analysis
Popis výsledku v původním jazyce
The literature offers mixed results on how bank lending rates respond to positive and negative fluctuations in the overnight interbank rate. Therefore, using data from 80 studies covering 30 years of research, this study employs meta-regression methods to investigate asymmetry in the overnight rate pass-through. The results show that the pass-through is asymmetric, with bank lending rates reacting more strongly to positive fluctuations than negative fluctuations. The results also show that the pass-through increases with trade openness and private sector credit supply but decreases with net national savings, while the degree of asymmetry increases with stock market size and trade openness but diminishes with central bank independence, net national savings, and monetary integration. Altogether, these findings reconcile the literature and offer new insights into the determinants of asymmetry and heterogeneity, underscoring the need to control for both in modeling the overnight rate pass-through.
Název v anglickém jazyce
Asymmetric overnight rate pass-through to bank loan rates: A meta-analysis
Popis výsledku anglicky
The literature offers mixed results on how bank lending rates respond to positive and negative fluctuations in the overnight interbank rate. Therefore, using data from 80 studies covering 30 years of research, this study employs meta-regression methods to investigate asymmetry in the overnight rate pass-through. The results show that the pass-through is asymmetric, with bank lending rates reacting more strongly to positive fluctuations than negative fluctuations. The results also show that the pass-through increases with trade openness and private sector credit supply but decreases with net national savings, while the degree of asymmetry increases with stock market size and trade openness but diminishes with central bank independence, net national savings, and monetary integration. Altogether, these findings reconcile the literature and offer new insights into the determinants of asymmetry and heterogeneity, underscoring the need to control for both in modeling the overnight rate pass-through.
Klasifikace
Druh
J<sub>imp</sub> - Článek v periodiku v databázi Web of Science
CEP obor
—
OECD FORD obor
50201 - Economic Theory
Návaznosti výsledku
Projekt
—
Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2025
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
1873-6122
Svazek periodika
151
Číslo periodika v rámci svazku
October 2025
Stát vydavatele periodika
NL - Nizozemsko
Počet stran výsledku
15
Strana od-do
107198
Kód UT WoS článku
001529857000004
EID výsledku v databázi Scopus
2-s2.0-105009617661