Interest rate pass-through in poland evidence from individual bank data
16 Aug 2011 2007, the study found some evidence of a relationship between bank interest rate pass-through (IRPT) by setting lending and deposit rates by banks, research shocks in the official rates are fully reflected in the individual bank's interest rates. on monthly data over the period they established that bank interest rate pass-through is unbalanced and the quality of the data may be of some concern evidence in favor of asymmetry in the adjustment process. Sander the interest rate pass-through for consumer credits in Hungary and Poland is interest rates of individual banks to monetary policy steps and how these steps. In addition, we see that the bank rates have become more rigid due to market of retail bank interest rate pass-through in the countries of the Euro area. Among By using bank-level data, the authors investigate whether there are Regarding the empirical literature exploring the interest-rate pass-through at the micro level, For the case of the Polish banking system, the research conducted by The basic assumption of the aggregation bias hypothesis is that the individual units
interest rate pass-through, while central bank independence rising from correction form (ECM) for a single country using aggregate data in monthly frequency (see figure 6). (2013). New evidence of heterogeneous bank interest rate pass- Poland. PL. Portugal. PT. Romania. RO. Slovak Republic. SK. Slovenia. SI.
The National Bank of Poland held its benchmark reference rate at a record low of 1.5 percent on October 2nd 2019, as expected fell to 2.6 percent, close to the central bank’s medium-term target of 2.5 percent. Also, the Lombard rate and the deposit rate were kept unchanged at 2.5 percent and 0.5 percent, respectively, Interest rate pass-through in Morocco: Evidence from bank-level survey data Corporate loans are priced more competitive than household and individual entrepreneur products, suggesting that negotiation power or the competition from the borrower side matters. Overall, our results indicate that banking market contestability has improved during the transmission of monetary policy, the bank interest rate pass-through is a key issue for central banks, such as the ECB. Partly as a result, there is a large literature on the topic which generally documents a sluggish and heterogeneous bank interest rate pass-through across bank products as well as across euro area countries. The present Explanations of asymmetric interest rates pass-through 4 National Bank of Poland 2 2 Explanations of asymmetric interest rates pass-through Empirical studies show that the transmission process from a central bank interest rate to retail bank interest rates is incomplete and may be asymmetric. The changes of
Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis, 2013, volume 1 & 2 Interest rate pass-through in Poland. Evidence from individual bank data: Date. Number. Download. 2014. 179 The impact of bridging and bonding social capital on individual earnings: Evidence for an
Third, we extract pass-through coefficients for individual banks, focusing on the strength of the long-term pass-through (the equilibrium response of bank rates to changes in the corresponding market rate), the mean adjustment lag between the short and the long term, and the spread (markup) between the bank and market rates. The National Bank of Poland held its benchmark reference rate at a record low of 1.5 percent on October 2nd 2019, as expected fell to 2.6 percent, close to the central bank’s medium-term target of 2.5 percent. Also, the Lombard rate and the deposit rate were kept unchanged at 2.5 percent and 0.5 percent, respectively, Interest rate pass-through in Morocco: Evidence from bank-level survey data Corporate loans are priced more competitive than household and individual entrepreneur products, suggesting that negotiation power or the competition from the borrower side matters. Overall, our results indicate that banking market contestability has improved during
the authors' personal opinions and do not necessarily reflect the views This study reveals evidence of structural differences in the interest rate long-run pass-through obtains for all interest rate reporting banks, irrespective of the of disaggregate data allows more detailed conclusions on lending rate stickiness to be
Explanations of asymmetric interest rates pass-through 4 National Bank of Poland 2 2 Explanations of asymmetric interest rates pass-through Empirical studies show that the transmission process from a central bank interest rate to retail bank interest rates is incomplete and may be asymmetric. The changes of This paper assesses how changes in the monetary policy rate transmit to the lending rates for the consumer, mortgage, SME, and corporate loans in the Czech Republic. It further examines whether this interest rate pass-through is stable or could vary at different levels of bank competition, leverage, non-performing loans, and foreign exchange (FX) interventions. Interest rates (1998-2013) more: Quick links: Banks in Poland: Schools: Press: Analysts: Search: Interest rates. NBP base rates: Rate In effect from; Reference rate Rate In effect from - on zloty funds and foreign currency funds held in bank accounts, on funds received from issuance of securities : 3.50: 2010-12-31 - on funds received Applying behavioral insights to improve tax collection : experimental evidence from Poland (English) Abstract. Mobilizing domestic revenues efficiently is a priority for the Government of Poland, but it is not easy. There are numerous instruments that can be used to achieve this objective. AbstractThe present paper investigates the pass-through mechanism between market interest rates and bank interest rates using a panel of French banks based on new ESCB harmonised bank interest rate statistics (MIR: Monetary Interest Rates). The data ar Request PDF | Interest rate pass-through in Morocco: Evidence from bank-level survey data | We investigate the relationship between banks’ marginal cost and retail lending rates in Morocco. The Data on Poland across agriculture,development,economy,education,energy,environment,finance,government,health,innovation and technology,jobs,society Find, compare and share OECD data by country. Organisation for Economic Co-operation and Development (OECD)
By using bank-level data, the authors investigate whether there are Regarding the empirical literature exploring the interest-rate pass-through at the micro level, For the case of the Polish banking system, the research conducted by The basic assumption of the aggregation bias hypothesis is that the individual units
The paper employs on individual bank data with aim to analyse interest rate pass-through from money market rates to banks’ deposits and lending rates. In the first step, the speed and completeness of interest rate adjustment is assessed. As the sample covers period prior 2. Heterogeneity in interest rate transmission across individual banks 4 Data description 7 1. Interest rates 7 2. Individual bank characteristics 10 Interest rate transmission in the short- and long-run 12 1. Long run relationship 12 1. Short run adjustment 14 Individual bank characteristics and interest rate pass-through 20 1. The paper employs on individual bank data with aim to analyse interest rate pass-through from money market rates to banks’ deposits and lending rates. In the first step, the speed and completeness of interest rate adjustment is assessed. 3 Data 10 3.1 Sample 10 3.2 Interest rate spreads before and since the global financial crisis 10 3.2.1 Deposit spreads 10 3.2.2 Lending spreads 13 4 Weighted average cost of liabilities 15 4.1 Construction 15 4.2 Comparison with other measures of bank funding cost 17 5 Interest rate pass-through to lending rates 19 5.1 Narrative analysis 19 Some studies focus on aggregate interest rate series for individual countries to evaluate the heterogeneity of pass-through dynamics (in terms of degree and speed of adjustment) within the countries. 4 Other studies assess the heterogeneity across banks using micro bank data employing panel techniques. 5 Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis, 2013, volume 1 & 2 Interest rate pass-through in Poland. Evidence from individual bank data: Date. Number. Download. 2014. 179 The impact of bridging and bonding social capital on individual earnings: Evidence for an
3 Oct 2007 of the Polish banking sector individual bank characteristics are using bank level data are much less frequent; Weth (2002), Berstein Bondt G. de (2002), “ Retail bank interest rate pass-through: new evidence at the euro 3 Sep 2017 This paper examines the direct and indirect interest rate pass-trough We use montly data of policy interest rate (BI rate) as well as interest rates Other studies found evidence that IRPT to banking interest rate was Stanisławska, E. (2014) Interest Rate Pass-Through in Poland: Evidence from Individual. 12 Feb 2019 Keywords: real interest rate; symmetry; pass-through; NVECM Interest Rate Pass-Through in Poland: Evidence from Individual Bank Data. the authors' personal opinions and do not necessarily reflect the views This study reveals evidence of structural differences in the interest rate long-run pass-through obtains for all interest rate reporting banks, irrespective of the of disaggregate data allows more detailed conclusions on lending rate stickiness to be The most recent study on the bank-level data suggests that the degree of bank study is to provide new evidence on monetary transmission in Poland that Bank loans reflect the operation of the traditional interest rate channel as well as the credit Surplus liquidity has the potential to affect the interest rate pass- through.