Bogoev, Jane; Sergi, Bruno S. - In: Intereconomics : review of European economic policy 47 (2012) 6, pp. 361-367
This analysis examines aggregation bias in the case of the interest rate pass-through in the Republic of Macedonia. By using bank-level data, the authors investigate whether there are heterogeneities and asymmetries in the size and speed of the adjustment of lending rates to changes in the cost...