Has the interest rate pass-through changed after the financial crisis in the Czech Republic?

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F16%3A86098206" target="_blank" >RIV/61989100:27510/16:86098206 - isvavai.cz</a>

Výsledek na webu

<a href="https://www.slu.cz/opf/cz/struktura/katedry/katedra-ekonomie-a-verejne-spravy/konference-kek-2016/Conference_Proceedings_part-1.pdf/" target="_blank" >https://www.slu.cz/opf/cz/struktura/katedry/katedra-ekonomie-a-verejne-spravy/konference-kek-2016/Conference_Proceedings_part-1.pdf/</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Has the interest rate pass-through changed after the financial crisis in the Czech Republic?

Popis výsledku v původním jazyce

This paper examines interest rate pass-through in the Czech Republic. Lately, after the financial crisis, banks have reacted sluggishly on the monetary easing in the Czech Republic. Thus, the intention is to find out, if there is any change in interest rate pass-through caused by the financial crisis. To fulfil this intention, I use an ARDL modeling approach on two subsample of data covering the pre and post crisis period. The results suggest that the interest rate pass-through for large corporate loans rate is complete before the financial crisis, however, the strength of the pass-through is lesser by half after the financial crisis. Similarly, it is valid for the small corporate loans rate and for the mortgage loan rate. Although the interest rate pass-through is not complete in these cases, the pass-through is still weaker after the crisis. Therefore, banks react more slowly on the monetary policy rate changes since the outbreak of the financial crisis.

Název v anglickém jazyce

Has the interest rate pass-through changed after the financial crisis in the Czech Republic?

Popis výsledku anglicky

This paper examines interest rate pass-through in the Czech Republic. Lately, after the financial crisis, banks have reacted sluggishly on the monetary easing in the Czech Republic. Thus, the intention is to find out, if there is any change in interest rate pass-through caused by the financial crisis. To fulfil this intention, I use an ARDL modeling approach on two subsample of data covering the pre and post crisis period. The results suggest that the interest rate pass-through for large corporate loans rate is complete before the financial crisis, however, the strength of the pass-through is lesser by half after the financial crisis. Similarly, it is valid for the small corporate loans rate and for the mortgage loan rate. Although the interest rate pass-through is not complete in these cases, the pass-through is still weaker after the crisis. Therefore, banks react more slowly on the monetary policy rate changes since the outbreak of the financial crisis.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of 14th International Scientific Conference Economic Policy in the European Union Member Countries: September 14-16, 2016, Petrovice u Karviné, Czech Republic. Part 1

ISBN

978-80-7510-210-2

ISSN

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e-ISSN

neuvedeno

Počet stran výsledku

8

Strana od-do

173-181

Název nakladatele

Slezská univerzita v Opavě, Obchodně podnikatelská fakulta v Karviné

Místo vydání

Opava

Místo konání akce

Petrovice u Karviné

Datum konání akce

14. 9. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000403638200018