Determinants of the interest rate pass-through of banks − evidence from German loan products pptx
Determinants of the interest rate pass-through of banks − evidence from German loan products pptx
... the total assets of all European banks from www.ecb.int. Discussion PaperDeutsche BundesbankNo 26/2012 Determinants of the interest rate pass-through of banks − evidence from German loan products Tobias ... ܾݎǡǡ௧is the observed bank interest rate at time ݐ (i.e., the bank loan rate for each of the 18 loan products) ; ݅ൌͳǡǥǡͳͷͲ indexes the banks; ݆ൌͳǡǥǡͳͺ indexes the loan products; and ݉ݎǡ௧ is the ... examination of the effects of cost efficiency on the loan rate- setting behavior of German banks. Following the previously suggested relationships be-tween loan rates and the degree of operational...
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DETERMINANTS OF COMMERCIAL BANKS INTEREST RATE SPREADS: SOME EMPIRICAL EVIDENCE FROM THE EASTERN CARIBBEAN CURRENCY UNION pdf
... competition) among the indigenous banks has raised their average interest rate spreads by 9.3 percentage points over the study period. As shown by the value of the HHI, the market structure of the indigenous ... The paper used pooled annual commercial banks data, over the period 1993 to 2003 to investigate some of the main factors influencing interest rate spreads in the ECCU. The determinants of interest ... receive lower interest rates on deposits, or they can pass it on to borrowers who will face 13higher interest rates on loans, thereby increasing the spread between the two rates. Over the study...
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Interest Rate Options - A discussion of how investors can help control interest rate exposure and make the most of the interest rate market pdf
... purchase of FVX put optionswould allow the holder to profit if rates do declinebecause as 5-year interest rates fall, so does the level of FVX.As interest rates decline and the level of the 5-yearunderlying ... estimate of the yield of the underlying instruments atexpiration of the options; or, in other words, the market’s best estimate of the exercise-settlement value at expiration, that is, off the forward ... the structure of interest ratesand the very nature of the underlying instru-ment itself that investors must take into accountto fully understand the behavior of interest rate options and their...
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WORKING PAPER NO. 40 FINANCIAL STRUCTURE AND THE INTEREST RATE CHANNEL OF ECB MONETARY POLICY pptx
... on the share of variable interest rate contracts, the frequency of the interest rate variations defined in the contract and the correlation of the MMR with the reference interest rate used in the ... of the present value is, again, the long-term interest rate. The lower the level of long-term interest rates, the higher the impact of a change in the long-term rate on the underlying value of ... 2000162.3.4 The impact of EMU on the determinants of the pass-through Looking to the future, it is interesting to note that EMU will affect some of the determinants of the pass-through. First, the complete...
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Working PaPer SerieS no 1272 / DeCeMBer 2010: THe iMPaCT of PuBliC guaranTeeS on Bank riSk Taking eviDenCe froM a naTural exPeriMenT pptx
... borrower level interest rates from the borrowers’ balance sheetsas interest expenses over total loan volume. The loan volume of borrowers may, however,also contain loans from the savings banks competitors. ... data from commercial borrowers with more than 50% share of total loan volumes from savings banks. 12 Interest rate spread is then calculated as the difference between the savings banks loan interest ... interest rate and the risk-free rate. We use the annual return of five-year German government bonds as the risk-free rate (taken from the German central bank)11We replace EBIT by Net profits due...
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Derivative Exposure and the Interest Rate and Exchange Rate Risks of U.S. Banks ppt
... the interest rate or exchange rate policy shocks. The interest rate shocks include the October 1979 (the change of monetary policy from interest rate targeting tobank reserve targeting) or the ... or with respect to interest rate versuscurrency derivatives separately, affect a bank’s interest rate and exchange rate risk profile.Comparison of the effect of interest rate versus currency ... hedging) forcurrency risk than the interest rate risk. The results of the second-step cross-sectional estimation regarding the determinants of interest rate and exchange rate risk betas are presented...
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Tài liệu IMPACT OF BANK COMPETITION ON THE INTEREST RATE PASS-THROUGH IN THE EURO AREA pptx
... provides evidence of sluggish and asymmetric pass-through among German banks. De Graeve et al. (2004) estimate the determinants of the interest rate pass-through on Belgian banks and find that banks ... all the bank and market interest rate series used. The IPS test on the null hypothesis of a unit root cannot be rejected at the 5% significance level for either the bank rates or the market rates, ... parentheses. 6.2 Competition and the bank interest- rate pass-through As a first investigation into the impact of competition on the bank interest rate pass-through, we analyse the effect of...
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Bank of England Interest Rate Announcements and the Foreign Exchange Market ∗ doc
... forecasts. The final five columns in the table indicate whether the interest rate announcement surprised the market according to the respective measure. The variable “IB10” (“IB15”) indicates whether the change ... One-half of these instanceswere fully expected by the market, as measured by the Bloombergsurvey. For the other eighteen instances, the market was either sur-prised that the MPC changed the policy ... changed the policy rate or was surprised by the extent of the change. There were no instances where the marketexpected a change in the policy rate in the opposite direction to the change actually...
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Methods of Policy Accommodation at the Interest-Rate Lower Bound ppt
... expectations of the future path of the funds rate, as illustrated for example by OIS rates. As I discuss further in the next section, these statements by the FOMC have had less of the character of an ... 2012.federal funds rate, as indicated by the response of OIS rates at the time of the release. The “cleanest” tests of the effects of forward guidance were the last two instances; notonly did these statements ... In the latter case, they did not necessarily disbelieve the conditional commitment; but it became less the determinant of their interest- rate expectations, as the likelihood of the relevance of...
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The Puzzle of Persistently Negative Interest Rate-Growth Differentials: Financial Repression or Income Catch-Up? pptx
... tests the overall validity of the instruments by analyzing the sample analog of the moment conditions used in the estimation process. We cannot reject the null hypothesis that the full set of orthogonality ... reflecting the higher marginal product of the relatively scarce domestic capital. IV. WHY ARE INTEREST RATES SO LOW IN EMES? In view of the evidence, it is difficult to think of reasons for the “anomalous” ... on the value of the and coefficients, the 16 Panel unit root tests reject the presence of unit roots in the differential in the data. The country fixed-effects are correlated with the...
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Từ khóa: determinants of the interest rate margins of austrian banksreal vs monetary analysis and the determination of the interest ratethe interest rate marginthe interest rate charged on margin accounts is determined bywhat is the interest rate marginwhat is the interest rate on a margin loanwhat is the interest rate on margin accountan increase in the interest rateasset even if not guaranteed discounted at the interest rate implicit in the leaseinstitution s exposure to interest rate risk in accordance with the interest rate risk management programmethe fisher effect the interest rate and the exchange rate under the flexible price monetary approachtwo alternative econometric strategies are followed first in a single equation framework the interest rates amp p500 eps eps growth and the interest rate3 the interest ratethe determinants of bank interest rate marginsBáo cáo thực tập tại nhà thuốc tại Thành phố Hồ Chí Minh năm 2018Nghiên cứu sự biến đổi một số cytokin ở bệnh nhân xơ cứng bì hệ thốngNghiên cứu tổ hợp chất chỉ điểm sinh học vWF, VCAM 1, MCP 1, d dimer trong chẩn đoán và tiên lượng nhồi máu não cấpNghiên cứu tổ chức chạy tàu hàng cố định theo thời gian trên đường sắt việt namBiện pháp quản lý hoạt động dạy hát xoan trong trường trung học cơ sở huyện lâm thao, phú thọGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitPhát triển mạng lưới kinh doanh nước sạch tại công ty TNHH một thành viên kinh doanh nước sạch quảng ninhTrả hồ sơ điều tra bổ sung đối với các tội xâm phạm sở hữu có tính chất chiếm đoạt theo pháp luật Tố tụng hình sự Việt Nam từ thực tiễn thành phố Hồ Chí Minh (Luận văn thạc sĩ)Tìm hiểu công cụ đánh giá hệ thống đảm bảo an toàn hệ thống thông tinThiết kế và chế tạo mô hình biến tần (inverter) cho máy điều hòa không khíChuong 2 nhận dạng rui roKiểm sát việc giải quyết tố giác, tin báo về tội phạm và kiến nghị khởi tố theo pháp luật tố tụng hình sự Việt Nam từ thực tiễn tỉnh Bình Định (Luận văn thạc sĩ)Quản lý nợ xấu tại Agribank chi nhánh huyện Phù Yên, tỉnh Sơn La (Luận văn thạc sĩ)BT Tieng anh 6 UNIT 2Tăng trưởng tín dụng hộ sản xuất nông nghiệp tại Ngân hàng Nông nghiệp và Phát triển nông thôn Việt Nam chi nhánh tỉnh Bắc Giang (Luận văn thạc sĩ)Nguyên tắc phân hóa trách nhiệm hình sự đối với người dưới 18 tuổi phạm tội trong pháp luật hình sự Việt Nam (Luận văn thạc sĩ)Giáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vậtGiáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vậtGiáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vậtHIỆU QUẢ CỦA MÔ HÌNH XỬ LÝ BÙN HOẠT TÍNH BẰNG KIỀM