Interest Rate Development as an Indicator of Credit Market Integration

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F18%3A39902245" target="_blank" >RIV/00216275:25410/18:39902245 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.inderscience.com/info/inarticle.php?artid=90565" target="_blank" >https://www.inderscience.com/info/inarticle.php?artid=90565</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1504/IJMEF.2018.090565" target="_blank" >10.1504/IJMEF.2018.090565</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Interest Rate Development as an Indicator of Credit Market Integration

Popis výsledku v původním jazyce

The goal of this paper is to evaluate the development of credit market integration in selected European Union countries on the basis of an analysis of the development of lending and deposit interest rates. We began with the values of the nominal lending and deposit interest rates published by the International Monetary Fund. These rates are basic interest rates in each economy which are set by central banks. For this, we have used existing interest rate differentials in selected European countries calculated as the difference between the given rate in a specific country and the average of the given rate in the European Monetary Union. The selected indicators are used as a standard tool for evaluating credit market integration. We judged their relationships using the mathematical-statistical method of single-factor analysis of variance. For deposit interest rates, the degree of integration did not show any distinct changes; for lending interest rates, the degree of integration decreased slightly. We proved that the method used in this paper is able to assess not only the degree of credit market integration but also of financial markets as a whole.

Název v anglickém jazyce

Interest Rate Development as an Indicator of Credit Market Integration

Popis výsledku anglicky

The goal of this paper is to evaluate the development of credit market integration in selected European Union countries on the basis of an analysis of the development of lending and deposit interest rates. We began with the values of the nominal lending and deposit interest rates published by the International Monetary Fund. These rates are basic interest rates in each economy which are set by central banks. For this, we have used existing interest rate differentials in selected European countries calculated as the difference between the given rate in a specific country and the average of the given rate in the European Monetary Union. The selected indicators are used as a standard tool for evaluating credit market integration. We judged their relationships using the mathematical-statistical method of single-factor analysis of variance. For deposit interest rates, the degree of integration did not show any distinct changes; for lending interest rates, the degree of integration decreased slightly. We proved that the method used in this paper is able to assess not only the degree of credit market integration but also of financial markets as a whole.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název periodika

International Journal of Monetary Economics and Finance

ISSN

1752-0479

e-ISSN

—

Svazek periodika

11

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

17

Strana od-do

3-19

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85044624901