Belke, Ansgar; Beckmann, Joscha; Verheyen, Florian - In: Journal of International Money and Finance 37 (2013) C, pp. 1-24
This study analyzes the interest rate pass-through (IRPT) from money market rates to various loan rates for up to 12 countries of the European Monetary Union (EMU) between 2003 and 2011 based on fully harmonized data. We first test for a cointegrating relationship between loan rates and the Euro...
