| Description |
1 online resource (iii, 26 [i.e. 32] pages) |
| Series |
IMF working paper ; 95/38 |
|
IMF working paper ; WP/95/38.
|
| Summary |
Annotation This paper discusses the relation between the financial structure and the determination of bank lending rates in Italy. It notes that the high degree of stickiness of bank lending rates observed in Italy in the past was related to constraints on competition within the banking and financial markets. In this light, it discusses the effect on the lending rate determination process of the sweeping financial liberalization process that characterized the last few years. the paper discusses also the role of the discount rate in speeding up the adjustment process of bank interest rates, and the pros and cons of its possible indexation. the empirical analysis is characterized by use of microeconomic (individual bank) data for a group of 63 Italian banks operating in locally different financial environments. This approach allows the identification of some aspects of the relation between financial structure and lending rate stickiness that were not highlighted in previous studies |
| Bibliography |
Includes bibliographical references |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
|
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
|
Print version record |
| Subject |
Interest rates -- Italy
|
|
Discount -- Italy
|
|
Discount
|
|
Interest rates
|
|
BANK LOANS.
|
|
MONETARY POLICY.
|
|
ECONOMIC STRUCTURE.
|
|
ITALY.
|
|
Italy
|
| Form |
Electronic book
|
| Author |
Ferri, Giovanni (Economist), author
|
|
Generale, Andrea, author.
|
|
International Monetary Fund. Monetary and Exchange Affairs Department, issuing body.
|
| ISBN |
1455277606 |
|
9781455277605 |
|
1281990248 |
|
9781281990242 |
|
