Bahamas and Barbados: empirical evidence of interest rate pass-through

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cepal.bibLevelSección o Parte de un Documento
cepal.callNumberX/C 22(103/2011)
cepal.callNumberLC/G.2487-P
cepal.callNumberCEPAL Review no.103 April 2011
cepal.docTypeRevistas
cepal.idSade44063
cepal.physicalDescriptiongráficos., tablas.
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
dc.contributor.authorBoamah, Daniel O.
dc.contributor.authorJackman, Mahalia N.
dc.contributor.authorMamingi, Nlandu
dc.coverage.spatialEngBAHAMAS
dc.coverage.spatialEngBARBADOS
dc.coverage.spatialSpaBAHAMAS
dc.coverage.spatialSpaBARBADOS
dc.date.accessioned2014-01-02T18:45:34Z
dc.date.available2014-01-02T18:45:34Z
dc.date.issued2011-04
dc.descriptionIncludes bibliography
dc.description.abstractThis paper uses an error correction model to investigate empiricallythe effectiveness of central bank interest rate policy in influencingcommercial banks' lending rate behaviour in Barbados and the Bahamasusing quarterly data for the period January 1995-April 2007. For Barbados,the study finds that the reaction of commercial bank lending rates tochanges in the central bank's policy rate is sticky in the short run, butfully complete in the long run. On average, it takes about four to sixquarters for the full effect of changes in the central bank policy rate tobe transmitted to the economy via adjustments. For the Bahamas, thereaction of commercial bank lending rates to changes in the central bankpolicy rate is fully complete in the short run and the long run, owing to alow adjustment cost coupled with the use of moral suasion.
dc.formatTexto
dc.format.extentpáginas. 115-128
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2487-P
dc.identifier.urihttps://hdl.handle.net/11362/11473
dc.language.isoeng
dc.physicalDescriptiongrafs., tabls.
dc.physicalDescriptionp. 115-128
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo103
dc.relation.isPartOfSeriesCEPAL Review
dc.subject.unbisEngINTEREST RATES
dc.subject.unbisEngBANK LOANS
dc.subject.unbisEngCOMMERCIAL BANKS
dc.subject.unbisEngECONOMIC ANALYSIS
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisEngCENTRAL BANKS
dc.subject.unbisSpaTASAS DE INTERES
dc.subject.unbisSpaPRESTAMOS BANCARIOS
dc.subject.unbisSpaBANCOS COMERCIALES
dc.subject.unbisSpaANALISIS ECONOMICO
dc.subject.unbisSpaPOLITICA MONETARIA
dc.subject.unbisSpaBANCOS CENTRALES
dc.titleBahamas and Barbados: empirical evidence of interest rate pass-through
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublicationcf38d62e-93cb-4c84-99e4-b8e36b9a043b
relation.isAuthorOfPublication608ce736-b95b-4087-a2ec-c8441038e447
relation.isAuthorOfPublicationd46f1c00-ffd8-414a-b1f3-253efc92af75
relation.isAuthorOfPublication.latestForDiscoverycf38d62e-93cb-4c84-99e4-b8e36b9a043b
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