Asymmetries in responses of commercial banks in a transitional economy to countercyclical monetary policy: The case of Romania
The empirical results of this study reveal the following interesting characteristics of the Romanian banking sector over the December 1993 through August 2017 period. First, the spread between the lending-Central Bank’s discount rates was stable and adjusted to its long-run threshold asymmetrically....
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
IEECA
2018-05-01
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| Series: | Journal of Eastern European and Central Asian Research |
| Subjects: | |
| Online Access: | https://ieeca.org/journal/index.php/JEECAR/article/view/192 |