Sie befinden Sich nicht im Netzwerk der Universität Paderborn. Der Zugriff auf elektronische Ressourcen ist gegebenenfalls nur via VPN oder Shibboleth (DFN-AAI) möglich. mehr Informationen...
Nonlinear interest rate-setting behaviour of German commercial banks
Ist Teil von
Studies in nonlinear dynamics and econometrics, 2020-06, Vol.24 (3), p.1
Ort / Verlag
Berlin: De Gruyter
Erscheinungsjahr
2020
Quelle
Business Source Ultimate
Beschreibungen/Notizen
We quantitatively analyse the interest rate-setting behaviour of German commercial banks during the period 2003–2014, using nonlinear (smooth transition) cointegration approaches. Our empirical results reveal principles applied by commercial banks in (re-)gaining margins in the aftermath of the financial crisis. We substantiate our findings using economic arguments from a bank management perspective. As our study contributes to a better understanding of the pass-through mechanism from market to commercial banks’ customer interest rates, the results will also be relevant to meaningful assessments of the effectiveness of monetary policy measures.