Determinants of bank interest rates and comparisons between Greece and the euro area

Sophocles Brissimis and Thomas Vlassopoulos

Economic Bulletin, 2007, issue 28, 7-30

Abstract: Despite their significant decline in recent years, bank interest rates in Greece continue to stand above euro area averages and in the case of some banking products the differential is considerable. This paper reviews the literature on the determinants of bank interest rates and spreads internationally, and identifies and discusses the key factors that may explain the differentials between Greek and euro area rates. Although these factors are to some extent related to inherent characteristics of the domestic banking system, they can be affected by appropriate policy measures that will support the further convergence of Greek rates.

Keywords: interest; rate; spreads (search for similar items in EconPapers)
JEL-codes: E43 (search for similar items in EconPapers)
Date: 2007
References: View complete reference list from CitEc
Citations: View citations in EconPapers (42)

Downloads: (external link)
https://www.bankofgreece.gr/BogEkdoseis/econbull200702.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bog:econbl:y:2007:i:28:p:7-30

Access Statistics for this article

Economic Bulletin is currently edited by Dimitris Malliaropulos

More articles in Economic Bulletin from Bank of Greece Contact information at EDIRC.
Bibliographic data for series maintained by Anastasios Rizos ().