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Aristotelis Spiliotis
 
''“interest rate asymmetries in the east asian financial markets: evidence from malaysia, south korea, hong kong & singapore”''
( 2009, Vol. 29 No.1 )
 
 
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.
 
 
Keywords: Interest rate pass through, monetary policy transmission, financial markets, asymmetries
 
Manuscript Received : Mar 19 2009 Manuscript Accepted : Mar 20 2009

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