Interest Rate Pass-Through in Romania and Other Central European Economies
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Summary:
Interest rate pass-through from policy interest rates to market rates and inflation has been hypothesized to play a lesser role in Romania than in other Central European transition economies. This paper tests this hypothesis and concludes that it cannot be supported by the data. Hence pass-through in Romania is concluded to be in line with that in comparable economies in the region. Moreover, the interest rate pass-through has become more pronounced over time.
Series:
Working Paper No. 2004/211
Subject:
Banking Central bank policy rate Commercial banks Deposit rates Financial institutions Financial services Loans Market interest rates
English
Publication Date:
November 1, 2004
ISBN/ISSN:
9781451874877/1018-5941
Stock No:
WPIEA2112004
Pages:
20
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