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Appears in Collections:Economics Working Papers
Title: Regional interest rate pass-through in Italy
Authors: Montagnoli, Alberto
Napolitano, Oreste
Siliverstovs, Boriss
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Citation: Montagnoli A, Napolitano O & Siliverstovs B (2012) Regional interest rate pass-through in Italy. KOF Working Papers, 308. KOF Swiss Economic Institute.
Keywords: Interest rates pass-through
monetary policy
error correction model
Issue Date: Aug-2012
Publisher: KOF Swiss Economic Institute
Series/Report no.: KOF Working Papers, 308
Abstract: This paper estimates the pass-through and speed of adjustment of Italian regional interest rates to changes in the money market rate for the period 1998Q1-2009Q4. Our main findings suggest that the markup for the lending rates that banks charge are generally higher in the South than in the North. Moreover, our results indicate that the pass-through tends to be longer in Southern regions. We find little evidence supporting the hypothesis of asymmetric adjustment in the lending rates, but detect some evidence supporting upward rigidity in the regional deposit rates.
Type: Working or Discussion Paper
Rights: The publisher has not responded to our queries therefore this work cannot be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: Economics
University of Naples Parthenope
KOF Swiss Economic Institute

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