Les dynamiques de transmission des taux directeurs sur les taux bancaires en Europe

摘要: Analyses of the transmission money market rates to retail interest are a way appreciate some effects monetary policy. The main question since Euro is convergence this in zone. aim study find likeness evolutions and dynamics confirm or reject hypothesis. In way, estimates pass-through have been conducted with rolling regressions between 1990 2004 on 11 countries (Belgium, Germany, France, Spain, Italy, Ireland, Portugal, Austria, Netherlands, Finland Greece) several (N2, N3, N4, N5 N8). This approach transmission’s rates. Finally, we made same threshold models underline asymmetric dynamics.