Bista, Rishav; Maskay, Biniv; Saunoris, James W. - In: International Journal of Monetary Economics and Finance 5 (2012) 2, pp. 169-182
Using monthly data on countries in the European Union (EU) over seven years, this study examines the pass-through of the Central Bank (CB) rate to retail lending interest rates. Recent advances in spatial econometric methods allows for relaxing the assumption of perfect competition in interest...