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Bank Consolidation and Interest Rate Pass-Through: Evidence from Singapore and Malaysia
Jingya Li; Ming-Hua Liu
2019-06-30
Source PublicationJournal of Financial Studies
ISSN1022-2898
Volume27Issue:2Pages:1-31
Abstract

We examine the impact of bank consolidations on interest rate pass-through in both countries using an asymmetric error correction model. Our findings show that for Singapore, the markup is higher and that the pass-through of deposit rates to prime rates is less complete in the post-consolidation period. For Malaysia, the markup is lower and the pass-through is more complete in the post-consolidation period. Our findings also reveal that the asymmetric short-term pass-through is exacerbated in Singapore and mitigated in Malaysia in the post-consolidation period. The evidence indicates that bank competition decreased in Singapore but increased in Malaysia after consolidations.

KeywordBank Competition Bank Consolidation Interest Rate Pass-through Malaysia Banks Singapore Banks
DOI10.6545/JFS.201906_27(2).0001
Language英语
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Document TypeJournal article
CollectionDEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Corresponding AuthorMing-Hua Liu
AffiliationBusiness Administration, University of Macau
First Author AffilicationUniversity of Macau
Corresponding Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Jingya Li,Ming-Hua Liu. Bank Consolidation and Interest Rate Pass-Through: Evidence from Singapore and Malaysia[J]. Journal of Financial Studies,2019,27(2):1-31.
APA Jingya Li,&Ming-Hua Liu.(2019).Bank Consolidation and Interest Rate Pass-Through: Evidence from Singapore and Malaysia.Journal of Financial Studies,27(2),1-31.
MLA Jingya Li,et al."Bank Consolidation and Interest Rate Pass-Through: Evidence from Singapore and Malaysia".Journal of Financial Studies 27.2(2019):1-31.
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