Impact of Bank Competition on the Interest Rate Pass-through in the Euro Area
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More than two years ago the European Central Bank (ECB) adopted a negative interest rate policy (NIRP) to achieve its price stability objective. Negative intere
The dynamic relationship between the key policy interest rate and different short-term lending and saving rates is analysed by measuring the pass-through proces
The ECB has taken a range of actions to address bank funding problems, eliminate excessive risk in sovereign markets, and safeguard monetary transmission. But e