Hampered interest rate pass-through: a supply side story?

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Bibliographic Details
Authors and Corporations:	Heckmann, Lotta (Author), Moertel, Julia (Author)
Other Authors:	Moertel, Julia [Author]
Type of Resource:	E-Book
Language:	English
published:	Frankfurt am Main Deutsche Bundesbank [2020]
Series:	Deutsche Bundesbank: Discussion paper ; no 2020, 59
Source:	Verbunddaten SWB Lizenzfreie Online-Ressourcen
ISBN:	9783957297914

Description
Summary:	This paper shows that the supply side of credit is a major factor for the phenomenonof hampered interest rate pass-through in monopolistic banking markets. Our data,covering all 1,555 small and medium sized banks in Germany, provides a clear wayto partial out demand shocks; we are thus able to show that while market-powerbanks charge higher loan rates, they spare their borrowers a part of exogenousupward shifts in the yield curve and furthermore withhold a substantial part ofrising market rates from their depositors. Because high market-power banks inour sample are relatively more profitable, they seem to be able to insure theirrelationship-customers against adverse shocks.
Physical Description:	1 Online-Ressource (circa 46 Seiten); Illustrationen
ISBN:	9783957297914