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The Transmission Mechanism of the Interest Rates from the Inter-banking Monetary Market to the Loan Market in Romania

Author

Listed:
  • Munteanu Irena

    (Ovidius University of Costanta)

  • Pitu Mirela

    (Technology High School Virgil Madgearu)

Abstract

Understanding the transmission of the changes in interest rates within the inter-banking money market to the interest rates applied by banks to their clients is essential for knowing the way in which the monetary policy influences the economy. The correlation between the inter-banking interest rate and the active interest rate is important for all participants to the financial market. The traits of this correlation are even more important within the financial systems in which banks play the main role such as those in Romania. In this context, the purpose of the hereby study is to analyze how powerful is the correlation between ROBOR and the interest rate on new credits, in Romania.

Suggested Citation

  • Munteanu Irena & Pitu Mirela, 2013. "The Transmission Mechanism of the Interest Rates from the Inter-banking Monetary Market to the Loan Market in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1384-1388, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1384-1388
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    More about this item

    Keywords

    ROBOR; interest rate on credit; correlation coefficients; credit.;
    All these keywords.

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General

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