EconPapers    
Economics at your fingertips  
 

Macroeconomic determinants of MIR interest rate margin in the euro area

Dimitrios Anastasiou ()

Journal of Central Banking Theory and Practice, 2021, vol. 10, issue 1, 39-53

Abstract: This study aims to examine the determinants of the MIR interest rate in the Euro area for the period 2003Q1-2015Q3. By employing Fixed and Random Effects as econometric methodologies, I examine whether the MIR rate is affected by the following macroeconomic factors: unemployment rate, inflation rate, GDP growth, political stability index, and wages as percentage of GDP. All these factors have been found to be significant drivers of the MIR rate and thus, they have to be taken into consideration when designing macro-prudential policies. The findings in this paper provide alternative explanations for the empirical evidence concerning interest rate spreads behaviour.

Keywords: MIR interest rate; Interest rate margin; euro area; European Central Bank. (search for similar items in EconPapers)
JEL-codes: C33 C51 E40 E43 E58 G2 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.cbcg.me/repec/cbk/journl/vol10no1-2.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:cbk:journl:v:10:y:2021:i:1:p:39-53

Access Statistics for this article

More articles in Journal of Central Banking Theory and Practice from Central bank of Montenegro Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2021-09-28
Handle: RePEc:cbk:journl:v:10:y:2021:i:1:p:39-53