In the transmission of monetary policy, banks’ administered interest rates set by their market power may not coordinate well with the policy intention. In this study, we examine the effect of banks’ net interest rate spread (NIS) on real economic growth in response to changes in the...

With active interactions among forty or more suppliers, battery design is becoming increasingly an inter-disciplinary science. Uniformity in properties with feature sizes as small as a few hundred nanometers across millions of units produced every month only heightens the need to coordinate...

This study proposes a portfolio-based forward premium regression to estimate its time-varying coefficients and to conduct simultaneous inference. To this end, we sort currency portfolios on forward premiums. The empirical results show much weaker evidence of Uncovered Interest Parity (UIP)...