Looking at the Monetary Integration: Modeling Interest Rate Transmission Dynamics in Greece. Is There any Structural Break After EMU?

2007 ◽  
pp. 39-57
Author(s):  
Dionysios Chionis ◽  
Costas Leon
Keyword(s):  
Interest Rate ◽  
Structural Break ◽  
Transmission Dynamics ◽  
Monetary Integration ◽  
Rate Transmission

Interest rate transmission in Greece: Did EMU cause a structural break?

2006 ◽  
Vol 28 (4) ◽  
pp. 453-466 ◽  
Author(s):  
Dionysios P. Chionis ◽  
Costas A. Leon
Keyword(s):  
Interest Rate ◽  
Structural Break ◽  
Rate Transmission

Nonlinearity in the British Interest Rate Transmission Mechanism

2007 ◽  
Author(s):  
Ana-Maria Fuertes ◽  
Shelagh A. Heffernan ◽  
Elena Kalotychou
Keyword(s):  
Interest Rate ◽  
Transmission Mechanism ◽  
Rate Transmission

A revisit of the unemployment rate, interest rate, GDP growth and Inflation of Pakistan: Whether Structural break or unit root?

2021 ◽  
Vol 3 (2) ◽  
pp. 80-92
Author(s):  
Sara Muhammadullah ◽  
Amena Urooj ◽  
Faridoon Khan
Keyword(s):  
Interest Rate ◽  
Unemployment Rate ◽  
Unit Root ◽  
Structural Breaks ◽  
Inflation Rate ◽  
Structural Break ◽  
Unit Root Test ◽  
Unit Root Tests ◽  
Gdp Growth ◽  
Macroeconomic Indicators

The study investigates the query of structural break or unit root considering four macroeconomic indicators; unemployment rate, interest rate, GDP growth, and inflation rate of Pakistan. The previous studies create ambiguity regarding the stationarity and non-stationarity of these variables. We employ Zivot & Andrews (1992) unit root test and Step Indicator Saturation (SIS) method for multiple break detection in mean. GDP growth and inflation rate are stationary at level whereas unit root tests fail to reject the null hypothesis of the unemployment rate and interest rate at level. However, Zivot and Andrew unit root test with a single endogenous break indicates that the unemployment rate and interest rate are stationary at level with a single endogenous break. On the other hand, the SIS method reveals that the series are stationary with multiple structural breaks. It is inferred that it is inappropriate to take the first difference of the unemployment rate and interest rate to attain stationarity. The results of this study confirmed that there exist multiple breaks in the macroeconomic variables considered in the context of Pakistan.

International interest rate transmission and volatility spillover

1997 ◽  
Vol 6 (1) ◽  
pp. 67-75 ◽  
Author(s):  
Hung-Gay Fung ◽  
Hoyoon Jang ◽  
Wai Lee
Keyword(s):  
Interest Rate ◽  
Volatility Spillover ◽  
Rate Transmission

scholarly journals Interest Rate Transmission Effect on Money Supply: The Nigerian Experience

2012 ◽  
Vol 2 (1) ◽  
pp. 212 ◽  
Author(s):  
Ebiringa, Oforegbunam Thaddeus
Keyword(s):  
Interest Rate ◽  
Money Supply ◽  
Negative Impact ◽  
Positive Impact ◽  
Transmission Effect ◽  
Rate Transmission ◽  
Savings Rate ◽  
Lending Rate ◽  
And Control ◽  
Autoregressive Analysis

This paper investigates the effect of interest indices on money supply. The motivation is to ensure stability in money supply through sustainable interest rate management.  The period 1990-2007 was covered. The Eviews software was used to carry out autoregressive analysis on the variable as well as an assessment of the effects on interest rate indices on money supply. The results among others show that minimum rediscount rate and savings rate have made significant positive impact on money supply. On the other hand, lending rate has made insignificant negative impact on money supply.   Based on the above results the conclusion of the study the inability of the monetary authority to narrow the gap between saving and lending rate remains a key to the problem of instability in money supply, hence concerted effort must by made to strengthen the capacity of regulatory authorities to use market based options monitor and control periodic volatility in money supply through an effective interest rate regimes.

scholarly journals The Impact of Interest Rate Marketization on Commercial Banks

2021 ◽  
Vol 9 (4) ◽  
pp. 176
Author(s):  
Yulin He
Keyword(s):  
Interest Rate ◽  
Financial Institutions ◽  
Commercial Banks ◽  
Supply And Demand ◽  
System Reform ◽  
Analysis Process ◽  
Interest Rate Marketization ◽  
Rate Transmission ◽  
The Interest Rate ◽  
The Impact

<p>Interest rate marketization means that the interest rate level of financial institutions operating and financing in the money market is determined by market supply and demand. It includes interest rate determination, interest rate transmission, interest rate structure and marketization of interest rate management. At present, there are still many deficiencies and defects in the traditional interest rate management system. The reform of interest rate marketization is the focus of China’s financial system reform. Therefore, we should not only be brave in innovation, but also carefully study and analyze. In the analysis process, this paper focuses on the impact of interest rate marketization on commercial banks, and puts forward some countermeasures.</p>

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