Measuring the pass-through of the reference policy rate to deposit rates in Argentina
- Autores
- D'Amato, Laura Inés; Sangiácomo, Máximo
- Año de publicación
- 2019
- Idioma
- inglés
- Tipo de recurso
- documento de conferencia
- Estado
- versión publicada
- Descripción
- Using a panel-time series approach that allows for heterogeneity, we study the pass-through of the policy reference rate to time deposit rates using high frequency data. We also evaluate the impact of the introduction of a new modality of online time deposit contracts in April 2019 on the transmission of the central bank reference policy rate to time deposit rates offered by banks in Argentina. We find that there is an incomplete long run pass-through in both the corporate and household segments of the deposits market. The results also indicate that the implementation of the new modality, aimed at stimulating more competition for funds between banks, led to a significant increase in the responsiveness of bank time deposit rates to movements in the reference policy rate, particularly in the corporate segment of the market.
Facultad de Ciencias Económicas - Materia
-
Ciencias Económicas
panel-time series
pass-through
deposit rates - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- http://creativecommons.org/licenses/by-nc-sa/4.0/
- Repositorio
.jpg)
- Institución
- Universidad Nacional de La Plata
- OAI Identificador
- oai:sedici.unlp.edu.ar:10915/173838
Ver los metadatos del registro completo
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Measuring the pass-through of the reference policy rate to deposit rates in ArgentinaAnálisis de transmisión de la tasa de interés de referencia a las tasas pasivasD'Amato, Laura InésSangiácomo, MáximoCiencias Económicaspanel-time seriespass-throughdeposit ratesUsing a panel-time series approach that allows for heterogeneity, we study the pass-through of the policy reference rate to time deposit rates using high frequency data. We also evaluate the impact of the introduction of a new modality of online time deposit contracts in April 2019 on the transmission of the central bank reference policy rate to time deposit rates offered by banks in Argentina. We find that there is an incomplete long run pass-through in both the corporate and household segments of the deposits market. The results also indicate that the implementation of the new modality, aimed at stimulating more competition for funds between banks, led to a significant increase in the responsiveness of bank time deposit rates to movements in the reference policy rate, particularly in the corporate segment of the market.Facultad de Ciencias Económicas2019-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/173838enginfo:eu-repo/semantics/altIdentifier/isbn/978-987-28590-7-7info:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2019/damato.pdfinfo:eu-repo/semantics/altIdentifier/issn/1852-0022info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-03T11:15:16Zoai:sedici.unlp.edu.ar:10915/173838Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-03 11:15:16.538SEDICI (UNLP) - Universidad Nacional de La Platafalse |
| dc.title.none.fl_str_mv |
Measuring the pass-through of the reference policy rate to deposit rates in Argentina Análisis de transmisión de la tasa de interés de referencia a las tasas pasivas |
| title |
Measuring the pass-through of the reference policy rate to deposit rates in Argentina |
| spellingShingle |
Measuring the pass-through of the reference policy rate to deposit rates in Argentina D'Amato, Laura Inés Ciencias Económicas panel-time series pass-through deposit rates |
| title_short |
Measuring the pass-through of the reference policy rate to deposit rates in Argentina |
| title_full |
Measuring the pass-through of the reference policy rate to deposit rates in Argentina |
| title_fullStr |
Measuring the pass-through of the reference policy rate to deposit rates in Argentina |
| title_full_unstemmed |
Measuring the pass-through of the reference policy rate to deposit rates in Argentina |
| title_sort |
Measuring the pass-through of the reference policy rate to deposit rates in Argentina |
| dc.creator.none.fl_str_mv |
D'Amato, Laura Inés Sangiácomo, Máximo |
| author |
D'Amato, Laura Inés |
| author_facet |
D'Amato, Laura Inés Sangiácomo, Máximo |
| author_role |
author |
| author2 |
Sangiácomo, Máximo |
| author2_role |
author |
| dc.subject.none.fl_str_mv |
Ciencias Económicas panel-time series pass-through deposit rates |
| topic |
Ciencias Económicas panel-time series pass-through deposit rates |
| dc.description.none.fl_txt_mv |
Using a panel-time series approach that allows for heterogeneity, we study the pass-through of the policy reference rate to time deposit rates using high frequency data. We also evaluate the impact of the introduction of a new modality of online time deposit contracts in April 2019 on the transmission of the central bank reference policy rate to time deposit rates offered by banks in Argentina. We find that there is an incomplete long run pass-through in both the corporate and household segments of the deposits market. The results also indicate that the implementation of the new modality, aimed at stimulating more competition for funds between banks, led to a significant increase in the responsiveness of bank time deposit rates to movements in the reference policy rate, particularly in the corporate segment of the market. Facultad de Ciencias Económicas |
| description |
Using a panel-time series approach that allows for heterogeneity, we study the pass-through of the policy reference rate to time deposit rates using high frequency data. We also evaluate the impact of the introduction of a new modality of online time deposit contracts in April 2019 on the transmission of the central bank reference policy rate to time deposit rates offered by banks in Argentina. We find that there is an incomplete long run pass-through in both the corporate and household segments of the deposits market. The results also indicate that the implementation of the new modality, aimed at stimulating more competition for funds between banks, led to a significant increase in the responsiveness of bank time deposit rates to movements in the reference policy rate, particularly in the corporate segment of the market. |
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2019 |
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2019-11 |
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