Term Structure and the Sluggishness of Retail Bank Interest Rates in Euro Area Countries

摘要: This paper analyses the pricing of bank loans and deposits in euro area countries. We show that retail interest rates adjust not only to changes short-term but also long-term rates. result, which is arguably intuitive for rates, confirmed on instruments. The transmission market along yield curve found be a key factor explaining sluggishness cases where we cannot reject adjustment has changed since introduction euro, this become faster.