Are domestic banks' pass through higher than foreign banks? Empirical evidence from Pakistan
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Michiel van Leuvensteijn & Christoffer Kok Sørensen & Jacob A. Bikker & Adrian A.R.J.M. van Rixtel, 2013.
"Impact of bank competition on the interest rate pass-through in the euro area,"
Applied Economics, Taylor & Francis Journals, vol. 45(11), pages 1359-1380, April.
- Michiel van Leuvensteijn & C. Kok Sorensen & J.A. Bikker & A.A.R.J.M. Rixtel, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," CPB Discussion Paper 103, CPB Netherlands Bureau for Economic Policy Analysis.
- Michiel van Leuvensteijn & Christoffer Kok Sorensen & Jacob A. Bikker & Adrian A.R.J.M. van Rixtel, 2011. "Impact of bank competition on the interest rate pass-through in the euro area," Post-Print hal-00763955, HAL.
- Michiel van Leuvensteijn & Christoffer Kok Sørensen & Jacob A. Bikker & Adrian van Rixtel, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," Working Papers 0828, Banco de España.
- van Leuvensteijn, Michiel & Kok, Christoffer & Bikker, Jacob A. & Van Rixtel, Adrian, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," Working Paper Series 885, European Central Bank.
- M. van Leuvensteijn & C. Kok Sørensen & J.A. Bikker & A.A.R.J.M. van Rixtel, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," Working Papers 08-08, Utrecht School of Economics.
- Reint Gropp & Christoffer Kok & Jung-Duk Lichtenberger, 2014.
"The Dynamics of Bank Spreads and Financial Structure,"
Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 4(04), pages 1-53.
- Gropp, Reint & Kok, Christoffer & Lichtenberger, Jung-Duk, 2007. "The dynamics of bank spreads and financial structure," Working Paper Series 714, European Central Bank.
- Pedroni, Peter, 2004. "Panel Cointegration: Asymptotic And Finite Sample Properties Of Pooled Time Series Tests With An Application To The Ppp Hypothesis," Econometric Theory, Cambridge University Press, vol. 20(3), pages 597-625, June.
- Peter C. B. Phillips & Mico Loretan, 1991.
"Estimating Long-run Economic Equilibria,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(3), pages 407-436.
- Peter C.B. Phillips & Mico Loretan, 1989. "Estimating Long Run Economic Equilibria," Cowles Foundation Discussion Papers 928, Cowles Foundation for Research in Economics, Yale University.
- Ben S. Bernanke & Mark Gertler, 1995.
"Inside the Black Box: The Credit Channel of Monetary Policy Transmission,"
Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 27-48, Fall.
- Ben S. Bernanke & Mark Gertler, 1995. "Inside the Black Box: The Credit Channel of Monetary Policy Transmission," NBER Working Papers 5146, National Bureau of Economic Research, Inc.
- Bernanke, Ben & Gertler, Mark, 1995. "Inside the Black Box: The Credit Channel of Monetary Policy Transmission," Working Papers 95-15, C.V. Starr Center for Applied Economics, New York University.
- Christina D. Romer & David H. Romer, 1989.
"Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz,"
NBER Chapters, in: NBER Macroeconomics Annual 1989, Volume 4, pages 121-184,
National Bureau of Economic Research, Inc.
- Romer, Christina D. & Romer, David H., 1989. "Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz," Department of Economics, Working Paper Series qt5h07k8vf, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Christina D. Romer and David H. Romer., 1989. "Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz," Economics Working Papers 89-107, University of California at Berkeley.
- Christina D. Romer & David H. Romer, 1989. "Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz," NBER Working Papers 2966, National Bureau of Economic Research, Inc.
- Marco A. Espinosa-Vega & Alessandro Rebucci, 2004.
"Retail Bank Interest Rate Pass-through: Is Chile Atypical?,"
Central Banking, Analysis, and Economic Policies Book Series, in: Luis Antonio Ahumada & J. Rodrigo Fuentes & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Se (ed.),Banking Market Structure and Monetary Policy, edition 1, volume 7, chapter 5, pages 147-182,
Central Bank of Chile.
- Marco A. Espinosa-Vega & Alessandro Rebucci, 2003. "Retail Bank Interest Rate Pass-Through: Is Chile Atypical?," Working Papers Central Bank of Chile 221, Central Bank of Chile.
- Mr. Alessandro Rebucci & Marco A Espinosa-Vega, 2003. "Retail Bank Interest Rate Pass-Through: Is Chile Atypical?," IMF Working Papers 2003/112, International Monetary Fund.
- Hannan, Timothy H & Berger, Allen N, 1991. "The Rigidity of Prices: Evidence from the Banking Industry," American Economic Review, American Economic Association, vol. 81(4), pages 938-945, September.
- Abdul Qayyum & Sajawal Khan & Idrees Khawaja, 2005.
"Interest Rate Pass-through in Pakistan: Evidence from Transfer Function Approach,"
The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 975-1001.
- Qayyum, Abdul & Khan, Sajawal & Khawaja, Idrees, 2005. "Interest Rate Pass-through in Pakistan: Evidence from Transfer Function Approach," MPRA Paper 2056, University Library of Munich, Germany, revised 2005.
- Kleimeier, Stefanie & Sander, Harald, 2006. "Expected versus unexpected monetary policy impulses and interest rate pass-through in euro-zone retail banking markets," Journal of Banking & Finance, Elsevier, vol. 30(7), pages 1839-1870, July.
- Frederic S. Mishkin, 1995. "Symposium on the Monetary Transmission Mechanism," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 3-10, Fall.
- de Bondt, Gabe, 2002. "Retail bank interest rate pass-through: new evidence at the euro area level," Working Paper Series 136, European Central Bank.
- repec:bla:obuest:v:61:y:1999:i:0:p:653-70 is not listed on IDEAS
- repec:bla:econom:v:71:y:2004:i::p:99-123 is not listed on IDEAS
- Ms. Angeliki Kourelis & Mr. Carlo Cottarelli, 1994. "Financial Structure, Bank Lending Rates, and the Transmission Mechanism of Monetary Policy," IMF Working Papers 1994/039, International Monetary Fund.
- Deniz Dilan Karaman Örsal, 2008. "Comparison of Panel Cointegration Tests," Economics Bulletin, AccessEcon, vol. 3(6), pages 1-20.
- Mojon, Benoît, 2000. "Financial structure and the interest rate channel of ECB monetary policy," Working Paper Series 40, European Central Bank.
- Alexander F. Tieman, 2004. "Interest Rate Pass-Through in Romania and Other Central European Economies," IMF Working Papers 2004/211, International Monetary Fund.
- Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002.
"Unit root tests in panel data: asymptotic and finite-sample properties,"
Journal of Econometrics, Elsevier, vol. 108(1), pages 1-24, May.
- Tom Doan, "undated". "LEVINLIN: RATS procedure to perform Levin-Lin-Chu test for unit roots in panel data," Statistical Software Components RTS00242, Boston College Department of Economics.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hasan Muhammad Mohsin, 2011.
"The Impact of Monetary Policy on Lending and Deposit Rates in Pakistan: Panel Data Analysis,"
Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 16(Special E), pages 199-213, September.
- Mohsin, Hasan Muhammad, 2011. "Impact of monetary policy on lending and deposit rates in Pakistan: Panel data analysis," MPRA Paper 33301, University Library of Munich, Germany, revised Aug 2011.
- Nilufer Ozdemir & Cuneyt Altinoz, 2012. "Determinants of Interest Rate Pass-through for Emerging Market Economies: The Role of Financial Market Structure," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 18(4), pages 397-407, November.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Hasan Muhammad Mohsin, 2011.
"The Impact of Monetary Policy on Lending and Deposit Rates in Pakistan: Panel Data Analysis,"
Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 16(Special E), pages 199-213, September.
- Mohsin, Hasan Muhammad, 2011. "Impact of monetary policy on lending and deposit rates in Pakistan: Panel data analysis," MPRA Paper 33301, University Library of Munich, Germany, revised Aug 2011.
- Liu, Ming-Hua & Margaritis, Dimitri & Tourani-Rad, Alireza, 2008. "Monetary policy transparency and pass-through of retail interest rates," Journal of Banking & Finance, Elsevier, vol. 32(4), pages 501-511, April.
- Belke, Ansgar & Beckmann, Joscha & Verheyen, Florian, 2013.
"Interest rate pass-through in the EMU – New evidence from nonlinear cointegration techniques for fully harmonized data,"
Journal of International Money and Finance, Elsevier, vol. 37(C), pages 1-24.
- Belke, Ansgar & Beckmann, Joscha & Verheyen, Florian, 2012. "Interest Rate Pass-Through in the EMU – New Evidence from Nonlinear Cointegration Techniques for Fully Harmonized Data," Ruhr Economic Papers 350, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Ansgar Belke & Joscha Beckmann & Florian Verheyen, 2012. "Interest Rate Pass-Through in the EMU – New Evidence from Nonlinear Cointegration Techniques for Fully Harmonized Data," ROME Working Papers 201203, ROME Network.
- Ansgar Belke & Joscha Beckmann & Florian Verheyen, 2012. "Interest Rate Pass-through in the EMU: New Evidence from Nonlinear Cointegration Techniques for Fully Harmonized Data," Discussion Papers of DIW Berlin 1223, DIW Berlin, German Institute for Economic Research.
- Ansgar Belke & Joscha Beckmann & Florian Verheyen, 2012. "Interest Rate Pass-Through in the EMU – New Evidence from Nonlinear Cointegration Techniques for Fully Harmonized Data," Ruhr Economic Papers 0350, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
- Iva Cecchin, 2011. "Mortgage Rate Pass-Through in Switzerland," Working Papers 2011-08, Swiss National Bank.
- repec:zbw:rwirep:0350 is not listed on IDEAS
- Bennouna, Hicham, 2019. "Interest rate pass-through in Morocco: Evidence from bank-level survey data," Economic Modelling, Elsevier, vol. 80(C), pages 142-157.
- Michiel van Leuvensteijn & Christoffer Kok Sørensen & Jacob A. Bikker & Adrian A.R.J.M. van Rixtel, 2013.
"Impact of bank competition on the interest rate pass-through in the euro area,"
Applied Economics, Taylor & Francis Journals, vol. 45(11), pages 1359-1380, April.
- Michiel van Leuvensteijn & Christoffer Kok Sørensen & Jacob A. Bikker & Adrian van Rixtel, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," Working Papers 0828, Banco de España.
- Michiel van Leuvensteijn & Christoffer Kok Sorensen & Jacob A. Bikker & Adrian A.R.J.M. van Rixtel, 2011. "Impact of bank competition on the interest rate pass-through in the euro area," Post-Print hal-00763955, HAL.
- Michiel van Leuvensteijn & C. Kok Sorensen & J.A. Bikker & A.A.R.J.M. Rixtel, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," CPB Discussion Paper 103, CPB Netherlands Bureau for Economic Policy Analysis.
- van Leuvensteijn, Michiel & Kok, Christoffer & Bikker, Jacob A. & Van Rixtel, Adrian, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," Working Paper Series 885, European Central Bank.
- M. van Leuvensteijn & C. Kok Sørensen & J.A. Bikker & A.A.R.J.M. van Rixtel, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," Working Papers 08-08, Utrecht School of Economics.
- A.H. Ahmad & Nusrate Aziz & Shahina Rummun, 2013. "Interest Rate Pass-Through in the UK: Has the Transmission Mechanism Changed During the Financial Crisis?," Economic Issues Journal Articles, Economic Issues, vol. 18(1), pages 17-38, March.
- Abdul Qayyum & Sajawal Khan & Idrees Khawaja, 2005.
"Interest Rate Pass-through in Pakistan: Evidence from Transfer Function Approach,"
The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 975-1001.
- Qayyum, Abdul & Khan, Sajawal & Khawaja, Idrees, 2005. "Interest Rate Pass-through in Pakistan: Evidence from Transfer Function Approach," MPRA Paper 2056, University Library of Munich, Germany, revised 2005.
- Avouyi-Dovi, S. & Horny, G. & Sevestre, P., 2017.
"The stability of short-term interest rates pass-through in the euro area during the financial market and sovereign debt crises,"
Journal of Banking & Finance, Elsevier, vol. 79(C), pages 74-94.
- S. Avouyi-Dovi & G. Horny & P. Sevestre, 2015. "The stability of short-term interest rates pass-through in the euro area during the financial market and sovereign debt crises," Working papers 547, Banque de France.
- Sanvi Avouyi-Dovi & Guillaume Horny & Patrick Sevestre, 2017. "The stability of short-term interest rates pass-through in the euro area during the financial market and sovereign debt crises," Working Papers hal-01511667, HAL.
- S. Avouyi-Dovi & G. Horny & Patrick Sevestre, 2017. "The stability of short-term interest rates pass-through in the euro area during the financial market and sovereign debt crises," Post-Print hal-01657075, HAL.
- Karagiannis, Stelios & Panagopoulos, Yannis & Vlamis, Prodromos, 2010. "Interest rate pass-through in Europe and the US: Monetary policy after the financial crisis," Journal of Policy Modeling, Elsevier, vol. 32(3), pages 323-338, May.
- Ciccarone, Giuseppe & Giuli, Francesco & Liberati, Danilo, 2014. "Incomplete interest rate pass-through under credit and labor market frictions," Economic Modelling, Elsevier, vol. 36(C), pages 645-657.
- repec:dau:papers:123456789/15030 is not listed on IDEAS
- Andries, Natalia & Billon, Steve, 2016.
"Retail bank interest rate pass-through in the euro area: An empirical survey,"
Economic Systems, Elsevier, vol. 40(1), pages 170-194.
- Natalia Andries & Steve Billon, 2016. "Retail bank interest rate pass-through in the euro area: An empirical survey," Post-Print halshs-01354597, HAL.
- Amarasekara, Chandranath, 2005. "Interest Rate Pass-through in Sri Lanka," MPRA Paper 64865, University Library of Munich, Germany.
- Michiel van Leuvensteijn & Christoffer Kok Sørensen & Jacob A. Bikker & Adrian A.R.J.M. van Rixtel, 2013.
"Impact of bank competition on the interest rate pass-through in the euro area,"
Applied Economics, Taylor & Francis Journals, vol. 45(11), pages 1359-1380, April.
- Michiel van Leuvensteijn & Christoffer Kok Sørensen & Jacob A. Bikker & Adrian van Rixtel, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," Working Papers 0828, Banco de España.
- Michiel van Leuvensteijn & Christoffer Kok Sorensen & Jacob A. Bikker & Adrian A.R.J.M. van Rixtel, 2011. "Impact of bank competition on the interest rate pass-through in the euro area," Post-Print hal-00763955, HAL.
- M. van leuvensteijn & C. Kok Sorensen & J.A. Bikker & A.A.R.J.M. van Rixtel, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," DNB Working Papers 171, Netherlands Central Bank, Research Department.
- van Leuvensteijn, Michiel & Kok, Christoffer & Bikker, Jacob A. & Van Rixtel, Adrian, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," Working Paper Series 885, European Central Bank.
- M. van Leuvensteijn & C. Kok Sørensen & J.A. Bikker & A.A.R.J.M. van Rixtel, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," Working Papers 08-08, Utrecht School of Economics.
- Michiel van Leuvensteijn & C. Kok Sorensen & J.A. Bikker & A.A.R.J.M. Rixtel, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," CPB Discussion Paper 103, CPB Netherlands Bureau for Economic Policy Analysis.
- Hanif, M. Nadim & Khan, Mahmood ul Hassan, 2012. "Pass-Through of SBP Policy Rate to Market Interest Rates: An Empirical Investigation," MPRA Paper 39587, University Library of Munich, Germany.
- Georgiadis, Georgios, 2014.
"Towards an explanation of cross-country asymmetries in monetary transmission,"
Journal of Macroeconomics, Elsevier, vol. 39(PA), pages 66-84.
- Georgiadis, Georgios, 2012. "Towards an explanation of cross-country asymmetries in monetary transmission," Discussion Papers 07/2012, Deutsche Bundesbank.
- Heinrich Nel & Tadiwa Mangwengwende & Zivanemoyo Chinzara, 2011. "Bank concentration and the interest rate pass-through in Sub-Saharan African countries," Working Papers 233, Economic Research Southern Africa.
- Rocío Betancourt & Hernando Vargas & Norberto Rodríguez., 2008.
"Interest Rate Pass-Through in Colombia: a Micro-Banking Perspective,"
Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 45(131), pages 29-58.
- Rocío Betancourt & Hernando Vargas & Norberto Rodríguez Niño, 2006. "Interest Rate Pass-Through In Colombia: A Micro- Banking Perspective," Borradores de Economia 2909, Banco de la Republica.
- Rocio Betancourt & Hernando Vargas & Norberto Rodríguez, 2006. "Interest Rate Pass-Through In Colombia: A Micro-Banking Perspective," Borradores de Economia 407, Banco de la Republica de Colombia.
- Aurélien Leroy & Yannick Lucotte, 2016.
"Structural and Cyclical Determinants of Bank Interest-Rate Pass-Through in the Eurozone,"
Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 58(2), pages 196-225, June.
- Aurélien Leroy & Yannick Lucotte, 2015. "Structural and cyclical determinants of bank interest rate pass-through in Eurozone," NBP Working Papers 198, Narodowy Bank Polski.
More about this item
Keywords
Monetary policy; Treasury Bill rate; pass thropugh;All these keywords.
JEL classification:
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
NEP fields
This paper has been announced in the following NEP Reports:- NEP-MAC-2011-09-16 (Macroeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:33282. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.