Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/73276 
Erscheinungsjahr: 
2007
Schriftenreihe/Nr.: 
Working Paper No. 0704
Verlag: 
Johannes Kepler University of Linz, Department of Economics, Linz
Zusammenfassung: 
This paper analyzes empirically the relationship between money market uncertainty and unexpected deviations in retail interest rates in a sample of 10 OECD countries. We find that, with the exception of the US, money market uncertainty has only a modest impact on the conditional volatility of retail interest rates. Even for the US we find that the effects of money market uncertainty are spread out over time. Our results are consistent with the hypothesis that banking relationships include implicit insurance arrangements and thereby reduce uncertainty.
Schlagwörter: 
Interest Rate Pass-Through
Relationship Banking
Conditional Volatility
JEL: 
E43
G21
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
136.59 kB





Publikationen in EconStor sind urheberrechtlich geschützt.