The impact of monetary policy on bank lending rate in South Africa
作者： B.T. Matemilola , A.N. Bany-Ariffin , Fatima Etudaiye Muhtar
DOI: 10.1016/J.BIR.2014.09.003
关键词:
摘要: The pass-through of the policy rates to bank lending rate is an important subject matter because it measures effectiveness monetary control inflation or stabilize economy. This study investigates long-run interest money market and asymmetric adjustment rate. applies momentum threshold autoregressive error correction models. results reveal that adjusts a decrease in South Africa. findings suggest African commercial banks adjust their downward but appears rigid upward, which supports customer reaction hypothesis.
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