[{"title":"Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?","department":[{"_id":"275"}],"publication_status":"published","date_updated":"2022-01-06T07:01:14Z","doi":"10.3790/ccm.49.1.93","language":[{"iso":"eng"}],"article_type":"letter_note","abstract":[{"lang":"eng","text":"This study examines the loan-pricing behavior of German banks for a large variety of retail and corporate loan products. We find that a bank’s operational efficiency is priced in bank loan rates and alters interest-setting behavior. Specifically, we establish that a higher degree of operational efficiency leads to lower loan markups, which makes prices more competitive and smoothes the setting of interest rates. By employing state-of-the-art stochastic frontier efficiency measures to capture a bank’s operational efficiency, we take a look at the bank customers’ perspective and demonstrate the extent to which bor-rowers benefit from cost-efficient banking. "}],"user_id":"64756","author":[{"first_name":"Tobias","full_name":"Schlueter, Tobias","last_name":"Schlueter"},{"first_name":"Ramona","full_name":"Busch, Ramona","last_name":"Busch"},{"full_name":"Sievers, Soenke","first_name":"Soenke","last_name":"Sievers"},{"last_name":"Hartmann-Wendels","first_name":"Thomas","full_name":"Hartmann-Wendels, Thomas"}],"keyword":["interest rate pass-through models","error correction models","bank efficiency","cost efficiency","stochastic frontier analysis"],"publication":"Credit and Capital Markets--Kredit und Kapital","status":"public","date_created":"2018-10-09T09:04:17Z","jel":["G21","G28"],"volume":49,"_id":"4586","intvolume":" 49","issue":"1","citation":{"ieee":"T. Schlueter, R. Busch, S. Sievers, and T. Hartmann-Wendels, “Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?,” Credit and Capital Markets--Kredit und Kapital, vol. 49, no. 1, pp. 93–125, 2016.","short":"T. Schlueter, R. Busch, S. Sievers, T. Hartmann-Wendels, Credit and Capital Markets--Kredit Und Kapital 49 (2016) 93–125.","mla":"Schlueter, Tobias, et al. “Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?” Credit and Capital Markets--Kredit Und Kapital, vol. 49, no. 1, 2016, pp. 93–125, doi:10.3790/ccm.49.1.93.","bibtex":"@article{Schlueter_Busch_Sievers_Hartmann-Wendels_2016, title={Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?}, volume={49}, DOI={10.3790/ccm.49.1.93}, number={1}, journal={Credit and Capital Markets--Kredit und Kapital}, author={Schlueter, Tobias and Busch, Ramona and Sievers, Soenke and Hartmann-Wendels, Thomas}, year={2016}, pages={93–125} }","chicago":"Schlueter, Tobias, Ramona Busch, Soenke Sievers, and Thomas Hartmann-Wendels. “Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?” Credit and Capital Markets--Kredit Und Kapital 49, no. 1 (2016): 93–125. https://doi.org/10.3790/ccm.49.1.93.","apa":"Schlueter, T., Busch, R., Sievers, S., & Hartmann-Wendels, T. (2016). Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking? Credit and Capital Markets--Kredit Und Kapital, 49(1), 93–125. https://doi.org/10.3790/ccm.49.1.93","ama":"Schlueter T, Busch R, Sievers S, Hartmann-Wendels T. Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking? Credit and Capital Markets--Kredit und Kapital. 2016;49(1):93-125. doi:10.3790/ccm.49.1.93"},"year":"2016","type":"journal_article","page":"93-125"}]