passthrough to bank lending rates has been lower following the introduction of negative policy rates, the direction has not … share respond less to cuts in the policy interest rate or experience lower lending growth than other banks. We find that the … financial crisis. We argue that this may to some extent reflect that banks adjusted their required compensation for risk. …

that the banking crises lead to an increase in the lending rate in the long and short run. The effect of the crises on the … threshold cointegration tests for the two sample periods exhibit asymmetric behaviour. The retail loan/lending rate adjustment …