Interest Rate Pass-Through in Romania and Other Central European Economies

Author/Editor:

Alexander F. Tieman

Publication Date:

November 1, 2004

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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. 04/211

Subject:

English

Publication Date:

November 1, 2004

ISBN/ISSN:

9781451874877/1018-5941

Stock No:

WPIEA2112004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

20

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