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“interest rate asymmetries in the east asian financial markets: evidence from malaysia, south korea, hong kong & singapore”

Author

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  • Aristotelis Spiliotis

    () (University of Piraeus)

Abstract

The purpose of this paper is to investigate for the existence of asymmetries in the pass-through money transmission mechanism from the wholesale rates (Central Bank and/or Interbank rates) to the retail rates (deposit and lending rates) of the East Asian financial markets of Malaysia, S. Korea, and Hong Kong & Singapore. Such transmission helps us substantially to calculate the pass through rate margin or mark-up in the examined banking system. An LSE-Hendry general to specific model (GETS) is applied, for the revelation of the banking sector PT interest rate behavior.

Suggested Citation

  • Aristotelis Spiliotis, 2009. "“interest rate asymmetries in the east asian financial markets: evidence from malaysia, south korea, hong kong & singapore”," Economics Bulletin, AccessEcon, vol. 29(1), pages 1-12.
  • Handle: RePEc:ebl:ecbull:eb-09-00157
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Interest rate pass through; monetary policy transmission; financial markets; asymmetries;

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables

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