Impact of bank competition on the interest rate pass-through in the euro area

This article analyses the impact of loan market competition on the interest rates applied by euro area banks to loans during the period 1994-2004, using a novel measure of competition called the Boone indicator. We find evidence that stronger competition implies significantly lower spreads between b...

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Bibliographic Details
Published in:	Applied economics Vol. 45; no. 11; pp. 1359 - 1380
Main Authors:	van Leuvensteijn, Michiel, Sørensen, Christoffer Kok, Bikker, Jacob A., van Rixtel, Adrian A.R.J.M.
Format:	Journal Article
Language:	English
Published:	London Routledge 01-04-2013 Taylor and Francis Journals Taylor & Francis Ltd Taylor & Francis (Routledge)
Series:	Applied Economics
Subjects:	bank lending and funding Bank rates Banking system Competition Competition between banks Economic models Error correction models error-correction model Euro-currency markets Europe Eurozone interest rate spreads Interest rates Market analysis Monetary policy monetary transmission Quantitative Finance Spread Studies Transmission mechanism Europe Social Sciences & Humanities
Online Access:	Get full text
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