interest rate asymmetries in the east asian financial markets: evidence from malaysia, south korea, hong kong & singapore

Aristotelis Spiliotis ()

Economics Bulletin, 2009, vol. 29, issue 1, A12

Abstract: The purpose of this paper is to investigate for the existence of asymmetries in the pass-through money transmission mechanism from the wholesale rates (Central Bank and/or Interbank rates) to the retail rates (deposit and lending rates) of the East Asian financial markets of Malaysia, S. Korea, and Hong Kong & Singapore. Such transmission helps us substantially to calculate the pass through rate margin or mark-up in the examined banking system. An LSE-Hendry general to specific model (GETS) is applied, for the revelation of the banking sector PT interest rate behavior.

Keywords: Interest rate pass through; monetary policy transmission; financial markets; asymmetries (search for similar items in EconPapers)
JEL-codes: C2 E4 (search for similar items in EconPapers)
Date: 2009-03-20
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