Interest rate pass-through in the Eastern Europe: Case of Albania - An empirical Analysis

• Thesis title in English: Interest rate pass-through in the Eastern Europe: ; Case of Albania - An empirical Analysis
• English key words: Interest rate, pass-through, estimation, monetary policy
• Academic year of topic announcement: 2013/2014
• Thesis type: diploma thesis
• Thesis language: angličtina
• Department: Institute of Economic Studies (23-IES)
• Supervisor: prof. Roman Horváth, Ph.D.
• Author: hidden - assigned by the advisor
• Date of registration: 12.06.2014
• Date of assignment: 12.06.2014
• Date and time of defence: 10.02.2016 00:00
• Venue of defence: IES
• Date of electronic submission: 05.01.2016
• Date of proceeded defence: 10.02.2016
• Opponents: prof. Ing. Evžen Kočenda, M.A., Ph.D., DSc.

References

Jesus Crespo-Cuaresma, Balazs Egert and Thomas Reininger, (2004) Interest Rate Pass-Through I new EU Member States: The case of the Czech Republic, Hungary and Poland Heterogeneity in Bank Pricing Policies: The Czech Evidence
Horvath and Podpiera, (2009) Heterogeneity in Bank Pricing Policies: The Czech Evidence
Balazs Egert, Jesus Crespo-Cuaresma and Thomas Reininger (2006), Interest Rate Pass-Through in Central and Eastern Europe: Reborn from Ashes Merely to Pass Away?
Nikoloz Gigineishvili (2011) Determinants of Interest Rate Pass-Through: Do Macroeconomic Conditions and Financial Market Structure Matter?
Anamaria Illes and Marco Lombardi (2013) Interest rate pass-through since the financial crisis
IMF (2008) Impact of bank competition on the interest rate pass-through in the euro area
Dan Chirlesan and Marius Constantin Apostoaie, (2013) The Interest Rate Pass-Through from Policy rates to Interbank Rates in the Romanian Financial System
Matthieu Paries, Diego Moccero, Elizaveta Krylova and Claudia Marchini, August 2014, The retail bank interest rate pass-through, the case of of the Euro area during the financial and sovereign debt crisis
Klodiana Istrefi and Valentina Semi (2007) Exchange rate pass through In Albania
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Gerald P. Dwyer (April 2014) The Johansen test for Co-integration,
Magherita Gerolimetto (2010) Autocorrelation function analysis,
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Preliminary scope of work in English

The study of interest pass through has been on the core attention of researchers since it serves as an incentive to evaluate the accuracy of monetary policy transmission mechanism. Therefore there are a lot of studies conducted under this topic encompassing a large number of countries and data.
My aim, inspired by the great previous works, is to develop the same topic but by focusing on Balkan countries and more specifically on Albania. Being a developing country located on the heart of Balkan while aspiring the EU integration, Albania has gone under a considerable number of economic reforms which are also reflected on the degree and speed of transmission of policy rates to landing rates and on the determinants of such rates.
Crisis of 2008 had a global impact but yet several conducted studies revealed that Albania was not directly affected by it. My contribution to this thesis consists in measuring how the pass-through mechanism performance was affected by the crisis and the implications derived from it.