Valadkhani, Abbas; Anwar, Sajid; Arjomandi, Amir - In: Journal of the Asia Pacific economy 19 (2014) 1, pp. 52-65
This paper measures the full extent of downward stickiness in credit card interest rates by testing for the amount and adjustment asymmetries. We found that lenders behave asymmetrically in response to changes in the Reserve Bank of Australia's (RBA) cash rate. The RBA's rate rises are passed on...
