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| 003 | ZW-GwMSU | ||
| 005 | 20240502130531.0 | ||
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| 022 | _a13504851 | ||
| 040 |
_aMSU _cMSU _erda _bEnglish |
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| 050 | 0 | 0 | _aHB1.A666 APP |
| 100 | 1 |
_aValadkhani, Abbas _eauthor |
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| 245 | 1 | 0 |
_aDoes the interest rate for business loans respond asymmetrically to changes in the cash rate? _ccreated by Abbas Valadkhani, ,Amir Arjomandi and Martin O'Brien |
| 264 | 1 |
_aNew York: _bTaylor and Francis, _c2013 |
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| 336 |
_2rdacontent _atext _btxt |
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| 337 |
_2rdamedia _aunmediated _bn |
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| 338 |
_2rdacarrier _avolume _bnc |
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| 440 |
_aApplied economics letters _vVolume 20, number 9 |
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| 520 | 3 | _aThis article examines the dynamic relationship between the Reserve Bank of Australia's (RBA's) cash rate and the variable interest rate for lending to small businesses. The relationship is evaluated via an asymmetric GARCH model using monthly data spanning from August 1990 to October 2012. Our results show that a 1 percentage point increase in the cash rate results in an instantaneous 1.086 percentage point rise in the variable rate for small businesses, whereas an equivalent 1 percentage point cut only leads to a 0.862 percentage point fall with a delay of up to 2 months. This outcome has obvious implications for the RBA's monetary policy transmission mechanism and the effectiveness of the expansionary policy versus contractionary policy. | |
| 650 |
_aBusiness loan interest rate _vAsymmetric behaviur _xAustralia _zAustralia |
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| 700 | 1 |
_aArjomandi, Amir _eco-author |
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| 700 | 1 |
_aO'brien, Martin _eco-author |
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| 856 | _uhttps://doi.org/10.1080/13504851.2012.754540 | ||
| 942 |
_2lcc _cJA |
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_c162708 _d162708 |
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