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| Aristotelis Spiliotis |
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| ''“interest rate asymmetries in the east asian financial markets: evidence from malaysia, south korea, hong kong & singapore”'' |
| ( 2009, Vol. 29 No.1 ) |
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| The purpose of this paper is to investigate for the existence of asymmetries in the pass-through money transmission mechanism from the wholesale rates (Central Bank and/or Interbank rates) to the retail rates (deposit and lending rates) of the East Asian financial markets of Malaysia, S. Korea, and Hong Kong & Singapore. Such transmission helps us substantially to calculate the pass through rate margin or mark-up in the examined banking system. An LSE-Hendry general to specific model (GETS) is applied, for the revelation of the banking sector PT interest rate behavior.
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| Keywords: Interest rate pass through, monetary policy transmission, financial markets, asymmetries |
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| Manuscript Received : Mar 19 2009 | | Manuscript Accepted : Mar 20 2009 |
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