Abstract
This paper employs individual bank data to analyze interest rate pass-through from money market rates to bank deposit and lending rates. First the speed and completeness of interest rate adjustment is assessed. As the sample covers the period prior to and after the outbreak of the financial crisis, some comparisons of the interest rate transmission process in these periods are made. The influence of individual bank characteristics (e.g., size, liquidity, strength of deposit base, quality of credit portfolio) on features of the interest rate transmission is also examined.
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