The Dynamic of Interest Rate Pass-through
Tai, Pih Nee / Sek, Siok Kun
The nature of interest rate pass-through can determine the degree of competitiveness among banks and the soundness of the financial system. High speed of long run policy transmission indicates effective interest rate channel. The speed of changes in the lending rates will reflect the impression of investor about monetary policy action. In this study, pass-through of money market interest rate into several retail banking interest rates is exami...