Macroeconomic determinants of MIR interest rate margin in the euro area

1. Abreu, M. and Mendes, V. (2003). “Do macro financial variables matter for European bank interest margins and profitability”. Paper presented at EcoMod Network Conference, Istanbul Financial Management Association International.Search in Google Scholar

2. Almeida, F.D. and Divino, J.A. (2015). “Determinants of the Banking Spread in the Brazilian Economy: The Role of Micro and Macroeconomic Factors”. International Review of Economics and Finance 40: 29–39.10.1016/j.iref.2015.02.003Search in Google Scholar

3. Anastasiou, D., Louri, H., and Tsionas, M. (2019). “Nonperforming loans in the euro area: A re core–periphery banking markets fragmented?”. International Journal of Finance and Economics 24: 97–112.10.1002/ijfe.1651Search in Google Scholar

4. Barjaktarović, L., Dimić, M., and Ječmenica, D., (2014). “Assesment of the Interest Rates in the Serbian Banking Sector”, Journal of Central Banking Theory and Practice, 2:21–35.10.2478/jcbtp-2014-0009Search in Google Scholar

5. Boyd, J.H., Levine, R., and Smith, B.D., (2001). “The impact of inflation on financial sector performance”. Journal of Monetary Economics 47: 221–248.10.1016/S0304-3932(01)00049-6Search in Google Scholar

6. Brock, P.L. and Suarez, L.R., (2000). “Understanding the behavior of bank spreads in Latin America”. Journal of Development Economics 63: 113–134.10.1016/S0304-3878(00)00102-4Search in Google Scholar

7. Claeys, S. and Vennet, R.V. (2008). “Determinants of bank interest margins in Central and Eastern Europe: A comparison with the West”. Economic Systems 32: 197–216.10.1016/j.ecosys.2007.04.001Search in Google Scholar

8. Cottarelli, C. and Kourelis, A. (1994). “Financial structure bank lending rates and the transmission mechanism of monetary policy”. Staff Papers of International Monetary Fund Washington D.C. 41: 587–623.10.2307/3867521Search in Google Scholar

9. Demigurz-Kunt, A. and Huizinga, H. (1999). “Determinants of commercial bank interest margins and profitability: Some international evidence”. The World Bank Economic Review 13: 379–408.10.1596/1813-9450-1900Search in Google Scholar

10. Dickey, D. A. and Fuller, W. A. (1979). “Distribution of the estimators for autoregressive time series with a unit root”. Journal of the American Statistical Association 74: 427–431.10.1080/01621459.1979.10482531Search in Google Scholar

11. Égert, B., Crespo-Cuaresma, J. and Reininger, T. (2007). “Interest rate passthrough in central and Eastern Europe: Reborn from ashes merely to pass away?”, Journal of Policy Modeling 29: 209–225.10.1016/j.jpolmod.2007.01.005Search in Google Scholar

12. Fabris, N., (2018). “Challenges for Modern Monetary Policy”, Journal of Central Banking Theory and Practice, 2: 5–24.10.2478/jcbtp-2018-0010Search in Google Scholar

13. Fungacova, Z. and Poghosyan, T. (2011). “Determinants of bank interest margins in Russia: Does bank ownership matter?”. Economic Systems, 35: 481–495.10.1016/j.ecosys.2010.11.007Search in Google Scholar

14. Gigineishvili, N. (2011). “Determinants of interest rate pass-through: Do macroeconomic conditions and financial market structure matter?”. Working Papers of International Monetary Fund Washington D.C. 11.10.5089/9781462312313.001Search in Google Scholar

15. Hainz, C., Horvath, R., and Hlavacek, M., (2014). “The interest rate spreads in the Czech Republic: Different loans, different determinants?”. Economic Systems, 38: 43–54.10.1016/j.ecosys.2013.10.002Search in Google Scholar

16. Hausman, J. A. (1978). Specification tests in econometrics. Econometrica, 46: 1251–1271.10.2307/1913827Search in Google Scholar

17. Islam, S. and Nishiyama, S. (2016). “The determinants of bank net interest margins: A panel evidence from South Asian countries”. Research in International Business and Finance 37: 501–514.10.1016/j.ribaf.2016.01.024Search in Google Scholar

18. Krušković, B., (2017). “Exchange Rate and Interest Rate in the Monetary Policy Reaction Function”, Journal of Central Banking Theory and Practice, 1: 55–86.10.1515/jcbtp-2017-0004Search in Google Scholar

19. Louri, H. and Migiakis, P. (2015). “Determinants of Euro-Area Bank Lending Margins: Financial Fragmentation and ECB Policies”. Bank of Greece Working Paper series, No. 198.10.2139/ssrn.4185578Search in Google Scholar

20. Mishra, P. Montiel, P. J. and Spilimbergo, A. (2010). “Monetary transmission in low income countries”. IMF Economic Review. International Monetary Fund Washington D.C. 60: 270–302.10.1057/imfer.2012.7Search in Google Scholar

21. Mojon, B. (2000). “Financial structure and the interest rate channel of ECB monetary policy”. Working Papers of European Central Bank Frankfurt 40.10.2139/ssrn.356001Search in Google Scholar

22. Perera, A. and Wickramanayake, J. (2016). “Determinants of commercial bank retail interest rate adjustments: Evidence from a panel data model”. Journal of International Financial Markets Institutions and Money 45: 1–20.10.1016/j.intfin.2016.05.006Search in Google Scholar

23. Sander, H. and Kleimeier, S. (2006). “Convergence of interest rate passthrough in a wider euro zone?”. Economic Systems 30: 405–423.10.1016/j.ecosys.2006.07.007Search in Google Scholar

24. Sander, H. and Kleimeier, S. (2004). “Convergence in euro-zone retail banking? What interest rate pass-through tells us about monetary policy transmission competition and integration”. Journal of International Money and Finance 23: 461–492.10.1016/j.jimonfin.2004.02.001Search in Google Scholar

25. Saunders, A. and Schumacher, L. (2000). “The determinants of bank interest margins: an international study”. Journal of International Money and Finance 19: 813–832.10.1016/S0261-5606(00)00033-4Search in Google Scholar

26. Tarus, D.K. Chekol, Y.B., and Mutwol, M. (2012). “Determinants of net interest margins of commercial banks in Kenya: A panel study”. Procedia Economics and Finance 2: 199–208.10.1016/S2212-5671(12)00080-9Search in Google Scholar

27. Valverde, S. C. and Fernandez, F.R. (2007). “The determinants of bank margins in European banking”. Journal of Banking and Finance 317: 2043–2063.10.1016/j.jbankfin.2006.06.017Search in Google Scholar

28. Wang, K.-M., and Lee, Y.M. (2009). “Market volatility and retail interest rate pass-through”. Economic Modelling, 26: 1270–1282.10.1016/j.econmod.2009.06.002Search in Google Scholar

29. Wong, K. P. (1997). “On the determinants of bank interest margins under credit and interest rate risks”. Journal of Banking and Finance 212: 251–271.10.1016/S0378-4266(96)00037-4Search in Google Scholar