Interest Rate Pass-Through in Romania and Other Central European Economies

Interest Rate Pass-Through in Romania and Other Central European Economies
Interest rate pass-through from policy interest rates to market rates and inflation has been hypothesized to play a lesser role in Romania than in other Central European transition economies. This paper tests this hypothesis and concludes that it cannot be supported by the data. Hence pass-through in Romania is concluded to be in line with that... READ MORE...

Publication date: November 2004
ISBN 9781451874877
$15.00

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