Avouyi-Dovi, Sanvi; Horny, Guillaume; Sevestre, Patrick - Université Paris-Dauphine (Paris IX) - 2015
We analyse the dynamics of the pass - through of banks’ marginal cost to bank lending rates over the 2008 crisis and the euro area sovereign debt crisis in France, Germany, Greece, Italy, Portugal and Spain . We measure banks’ marginal cost by their rate on new deposits, contrary to the...