Resource title

Integration benefits on EU retail credit markets: evidence from interest rate pass-through

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Resource description

Lending and borrowing interest rates are often slow to adjust to changing capital market conditions. This paper argues that national differences of the pass-through speed in the EU can be regarded as a retail-oriented indicator of financial integration. Based on an ECB database the speed of interest rate adjustments for different markets and countries is measured - showing a considerable fragmentation of markets. Simulations show how much consumers in some countries could gain from a convergence of adjustment speed on the fastest levels.

Resource author

Friedrich Heinemann, Martin Schüler

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/24780

Resource license

Adapt according to the presented license agreement and reference the original author.