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Determinants of bank interest rates and comparisons between Greece and the euro area

Author

Listed:
  • Sophocles N. Brissimis

    (Bank of Greece and University of Piraeus)

  • Thomas Vlassopoulos

    (Bank of Greece)

Abstract

Despite their significant decline in recent years, bank interest rates in Greece continue to stand above euro area averages and in the case of some banking products the differential is considerable. This paper reviews the literature on the determinants of bank interest rates and spreads internationally, and identifies and discusses the key factors that may explain the differentials between Greek and euro area rates. Although these factors are to some extent related to inherent characteristics of the domestic banking system, they can be affected by appropriate policy measures that will support the further convergence of Greek rates.

Suggested Citation

  • Sophocles N. Brissimis & Thomas Vlassopoulos, 2007. "Determinants of bank interest rates and comparisons between Greece and the euro area," Economic Bulletin, Bank of Greece, issue 28, pages 7-30, February.
    • Handle: RePEc:bog:econbl:y:2007:i:28:p:7-30
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    File URL: https://www.bankofgreece.gr/BogEkdoseis/econbull200702.pdf
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    More about this item

    Keywords

    interest rate spreads;

    JEL classification:

    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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