The Duration of Bank Retail Interest Rates
| DC Element | Wert | Sprache |
|---|---|---|
| dc.contributor.author | Craig, B.R. | |
| dc.contributor.author | Dinger, V. | |
| dc.date.accessioned | 2021-12-23T16:33:01Z | - |
| dc.date.available | 2021-12-23T16:33:01Z | - |
| dc.date.issued | 2014 | |
| dc.identifier.issn | 13571516 | |
| dc.identifier.uri | https://osnascholar.ub.uni-osnabrueck.de/handle/unios/17624 | - |
| dc.description.abstract | We examine the rigidity of retail deposit and loan rates by applying duration analysis on uniquely rich data. We find that the retail rate dynamics are state-dependent. An important determinant of the duration of retail interest rates are the dynamics of the wholesale (market and monetary policy) interest rates. We also show that the reaction to positive and negative wholesale interest rate changes is strongly asymmetric. Moreover, retail rate durations are significantly modified by bank and market characteristics, such as the size of the bank, its market share in a given local market, and its geographical scope. © 2014 © 2014 International Journal of the Economics of Business. | |
| dc.description.sponsorship | Deutsche ForschungsgemeinschaftDeutsche Forschungsgemeinschaft,DFG,DI 1426/2-1; We thank Antonio Antunes, Diana Bonfim, Tim Dunne, Eduardo Engel, Roy Gardner, James Thomson, Jürgen von Hagen, and participants of the University of Bonn Macro-Workshop, Banco de Portugal Research Seminar, and the 2010 European Economic Association meetings for useful comments on earlier versions, and Monica Crabtree-Reusser for editorial assistance. Dinger gratefully acknowledges financial support by the Deutsche Forschungsgemeinschaft (Research Grant DI 1426/2-1). This research reflects the views of the authors and not necessarily the views of the Deutsche Bundesbank, the Federal Reserve Bank of Cleveland, or the Board of Governors of the Federal Reserve System. | |
| dc.language.iso | en | |
| dc.publisher | Routledge | |
| dc.relation.ispartof | International Journal of the Economics of Business | |
| dc.subject | Duration Analysis | |
| dc.subject | Hazard Rate | |
| dc.subject | Interest Rate Pass-Through | |
| dc.subject | Interest Rate Rigidity | |
| dc.title | The Duration of Bank Retail Interest Rates | |
| dc.type | journal article | |
| dc.identifier.doi | 10.1080/13571516.2014.909173 | |
| dc.identifier.scopus | 2-s2.0-84901591266 | |
| dc.identifier.url | https://www.scopus.com/inward/record.uri?eid=2-s2.0-84901591266&doi=10.1080%2f13571516.2014.909173&partnerID=40&md5=160ec28e3d9db80aaf2a337bfa5eb546 | |
| dc.description.volume | 21 | |
| dc.description.issue | 2 | |
| dc.description.startpage | 191 | |
| dc.description.endpage | 207 | |
| dcterms.isPartOf.abbreviation | Int. J. Econ. Bus. | |
| crisitem.author.dept | FB 09 - Wirtschaftswissenschaften | - |
| crisitem.author.deptid | fb09 | - |
| crisitem.author.orcid | 0000-0001-8481-6047 | - |
| crisitem.author.parentorg | Universität Osnabrück | - |
| crisitem.author.netid | DiVa267 | - |
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