The Transmission Mechanism of the Interest Rates from the Inter-banking Monetary Market to the Loan Market in Romania

Munteanu Irena () and Pitu Mirela ()
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Munteanu Irena: Ovidius University of Costanta
Pitu Mirela: Technology High School Virgil Madgearu

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 1384-1388

Abstract: Understanding the transmission of the changes in interest rates within the inter-banking money market to the interest rates applied by banks to their clients is essential for knowing the way in which the monetary policy influences the economy. The correlation between the inter-banking interest rate and the active interest rate is important for all participants to the financial market. The traits of this correlation are even more important within the financial systems in which banks play the main role such as those in Romania. In this context, the purpose of the hereby study is to analyze how powerful is the correlation between ROBOR and the interest rate on new credits, in Romania.

Keywords: ROBOR, interest rate on credit, correlation coefficients; credit. (search for similar items in EconPapers)
JEL-codes: D4 E50 G21 L10 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1384-1388

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