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dc.contributor.authorSchlüter, Tobiasen
dc.contributor.authorBusch, Ramonaen
dc.contributor.authorHartmann-Wendels, Thomasen
dc.contributor.authorSievers, Sönkeen
dc.date.accessioned2012-11-05-
dc.date.accessioned2012-11-05T12:30:46Z-
dc.date.available2012-11-05T12:30:46Z-
dc.date.issued2012-
dc.identifier.isbn978-3-86558-852-4en
dc.identifier.urihttp://hdl.handle.net/10419/65860-
dc.description.abstractThis article examines the loan rate-setting behavior of German banks for a large variety of retail and corporate loan products. We find that a bank's operational efficiency is priced in bank loan rates and alters interest-setting behavior. Specifically, we establish that a higher degree of operational efficiency leads to lower loan markups, which involve more competitive prices, and smoothed interest rate-setting. This study contributes to prior literature that has been suggesting this relationship but has produced mixed findings. For the German market this relationship is unexplored. By employing stochastic frontier analysis to comprehensively capture cost efficiency, we take the bank customers' perspective and demonstrate the extent to which borrowers benefit from cost efficient banking.en
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aBundesbank Discussion Paper |x26/2012en
dc.subject.jelG21en
dc.subject.jelG28en
dc.subject.ddc330en
dc.subject.keywordinterest rate pass-through modelsen
dc.subject.keyworderror correction modelsen
dc.subject.keywordbank efficiencyen
dc.subject.keywordcost efficiencyen
dc.subject.keywordstochastic frontier analysisen
dc.titleDeterminants of the interest rate pass-through of banks: Evidence from German loan products-
dc.typeWorking Paperen
dc.identifier.ppn729174255en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdps:262012en

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