Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212007 
Authors: 
Year of Publication: 
2005
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 9/2005
Publisher: 
Bank of Finland, Helsinki
Abstract: 
This paper presents econometric analyses on the determination of bank deposit and lending rates using longitudinal Finnish data. Interest rate pass-through is very strong, possibly complete, in the case of lending rates; in the case of deposit rates the pass-through is far from complete, even in the long term.The monetary union has benefited customers by decreasing the average rate on new loans.Credit and interest rate risk premiums are clearly observable in banks' lending rates.The impact of money market rates on loan stock rates seems to have been non-linear; no obvious explanation for this phenomenon has been found.
Subjects: 
banking
interest rates
JEL: 
G21
E43
E44
Persistent Identifier of the first edition: 
ISBN: 
952-462-207-6
Document Type: 
Working Paper

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