Is the bank interest rate pass-through of selic rate movements asymmetric?
| dc.contributor.author | Castro, Pedro | |
| dc.contributor.author | JOÃO MANOEL PINHO DE MELLO | |
| dc.coverage.cidade | Não informado | pt_BR |
| dc.coverage.pais | Brasil | pt_BR |
| dc.creator | Castro, Pedro | |
| dc.date.accessioned | 2022-10-27T21:58:37Z | |
| dc.date.available | 2022-10-27T21:58:37Z | |
| dc.date.issued | 2012 | |
| dc.description.other | This paper tests and finds evidence that support the view that credit interest rates respond more to increases than to decreases in the Central Bank’s benchmark interest rate (Selic). This asymmetry is robust to an event analysis, in which the availability of a dataset containing daily information is explored in order to isolate monetary policy shocks on interest rates as the cause of the asymmetric response of interest rates, as a shift in the benchmark interest rate is akin to an increase in marginal cost and thus corresponds to a shift in the supply curve of banks. The econometric identification hypothesis is that banks (supply) react faster to monetary shocks than consumers (demand for credit). The empirical evidence of greater rigidity to Selic decreases contributes to the literature of bank behavior in credit markets and of monetary policy transmission mechanism in Brazil. | pt_BR |
| dc.format.extent | p. 3-30 | pt_BR |
| dc.format.medium | Digital | pt_BR |
| dc.identifier.issn | 1980-2447 | pt_BR |
| dc.identifier.issn | 2526-3722 | pt_BR |
| dc.identifier.issue | 1 | pt_BR |
| dc.identifier.uri | https://repositorio.insper.edu.br/handle/11224/4538 | |
| dc.identifier.volume | 32 | pt_BR |
| dc.language.iso | Inglês | pt_BR |
| dc.publisher | Sociedade Brasileira de Econometria | pt_BR |
| dc.relation.ispartof | Brazilian Review of Econometrics | pt_BR |
| dc.rights.license | O INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DOS USUÁRIOS INDIVIDUAIS VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR. | pt_BR |
| dc.subject.keywords | Microeconomics of Banking | pt_BR |
| dc.subject.keywords | Interest Pass-Through | pt_BR |
| dc.subject.keywords | Adverse Selection | pt_BR |
| dc.title | Is the bank interest rate pass-through of selic rate movements asymmetric? | pt_BR |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| local.identifier.sourceUri | https://ideas.repec.org/a/sbe/breart/v32y2012i1a2967.html | |
| local.type | Artigo Científico | pt_BR |
| relation.isAuthorOfPublication | 6e3d1f3d-a3fc-4951-8adc-af602f1343d2 | |
| relation.isAuthorOfPublication.latestForDiscovery | 6e3d1f3d-a3fc-4951-8adc-af602f1343d2 |
Arquivos
Pacote Original
1 - 2 de 2
N/D
- Nome:
- R_Artigo_2014_Is the Bank Interest Rate Pass-Through of Selic_TC.pdf
- Tamanho:
- 386.66 KB
- Formato:
- Adobe Portable Document Format
- Descrição:
- R_Artigo_2014_Is the Bank Interest Rate Pass-Through of Selic_TC
Carregando...
- Nome:
- Acesso_Primeira Pagina_Is the bank interest rate pass-through of selic rate movements asymmetric.pdf
- Tamanho:
- 159.94 KB
- Formato:
- Adobe Portable Document Format
Licença do Pacote
1 - 1 de 1
N/D
- Nome:
- license.txt
- Tamanho:
- 282 B
- Formato:
- Item-specific license agreed upon to submission
- Descrição: