... Reserve, the Bank of England, the Bank of Canada, the Bank of Sweden and the Swiss National Bank, with the support of the Bank of Japan, have carried out a coordinated reduction in interest rates: ... of bank interest rates (Cottarelli and Kourelis, 1994): brt= v + φjbrt− jj=1j*∑+ γkmrt−kk=0k*∑+ εt (2) where br and mr are bank and market rates, respectively, and j* and ... Graeve, F., De Jonghe, O., Vander Vennet, R., 2007. Competition, transmission and bank pricing policies: Evidence from Belgian loan and deposits markets. Journal of Banking and Finance 31, pp. 259-278....