Nuestros profesores Luis Bendezú y Gabriel Rodriguez publicaron el artículo Lending rate sensitivity to monetary policy: a bank level empirical analysis en el Journal of Economics, Finance and Administrative Science.
Abstract:
This paper evaluates how the monetary policy rate influences bank lending ratesin Peru, focusing onvarious loan types from September 2010 to August 2022.Design/methodology/approach – We utilize the Bai and Perron (1998, 2003) methodology to account forstructural changes in the pass-through effect of monetary policy on lending rates.Findings – Findings indicate a heterogeneous impact of monetary policy on lending rates, with larger effectsduring significant rate changes and heightened sensitivity post-2019 due to COVID-19.Originality/value – This study is the first to investigate the effects of monetary policy on interest rates usingsegment and bank level data in Peru.
Descarga el paper, aquí.