Is central bank news good news for loan interest rates volatility?

IF 2.1 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2023-10-15 DOI:10.1016/j.econlet.2023.111411

Xakousti Chrysanthopoulou , Alexandros Tsioutsios , Dimitrios Dimitriou

引用次数: 0

Abstract

We develop a theoretical framework revealing a negative relationship between the volatility of loan interest rates and central bank transparency. Empirical analysis of G-7 economies supports this theoretical prediction. Additionally, this relationship is strengthening under tight macroprudential regulations.

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央行的消息对贷款利率波动来说是好消息吗?

我们建立了一个理论框架，揭示了贷款利率波动性与央行透明度之间的负相关关系。对七国集团经济体的实证分析支持了这一理论预测。此外，在严格的宏观审慎监管下，这种关系正在加强。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.