Journal of Economics and Development Studies

The Interest Rate Pass-through in Algeria: an Econometric Study 1990 – 2010
Dr Benladghem Fethi, Dr Benameur Abdelhak

Abstract
Among the main interests of the monetary policy after the financial liberalization in 1990 is the effectiveness of financial intermediation, since the lack of financial stability systems in countries may raise reasonable concerns about how monetary policy functions. The study of the relationship between the main benefit of the Central Bank and the interest rates of commercial banks, or what we opt for as the concept of ‘Interest rate pass-through’, is defined as the quantity and the speed with which rates affect them at the level of business bank, as a result of the major changes in interest rates of the Central Bank.The size and speed which affect their monitoring tools by Central Bank-especially with regard to short-term interest rates-directly on most of the sector financial situations-Trusts and lending rates are the key factors that enable the impact of monetary policy on the real economy.

Full Text: PDF DOI: 10.15640/jeds.v6n3a12