Fuertes, Ana-Maria; Heffernan, Shelagh A. - In: International Journal of Finance & Economics 14 (2009) 1, pp. 45-63
This paper differentiates itself from the existing literature by testing for heterogeneities in the interest rate transmission mechanism using a large sample of 662 monthly retail rate histories (1993-2004) on seven key deposit and loan products. Error correction models are estimated to analyse...