Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/73592 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Working Paper No. 0902
Verlag: 
Johannes Kepler University of Linz, Department of Economics, Linz
Zusammenfassung: 
This paper examines the pass-through from the market interest to the rate charged on bank loans using aggregate data for the U.K. Thereby, we explicitly disentangle credit supply and demand and allow the interest rate charged on loans to depend on the volume of loans. We find that, although banks adjust the lending rate to some extent, they largely accommodate shifts in demand. Overall, our results are consistent with the idea that banks provide insurance against liquidity shocks.
Schlagwörter: 
Interest Rate Pass-Through
Relationship Banking
JEL: 
E43
G21
Dokumentart: 
Working Paper

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