{"page":"93-125","doi":"10.3790/ccm.49.1.93","issue":"1","publication_status":"published","date_created":"2018-10-09T09:04:17Z","keyword":["interest rate pass-through models","error correction models","bank efficiency","cost efficiency","stochastic frontier analysis"],"abstract":[{"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. ","lang":"eng"}],"jel":["G21","G28"],"article_type":"letter_note","publication":"Credit and Capital Markets--Kredit und Kapital","type":"journal_article","date_updated":"2022-01-06T07:01:14Z","language":[{"iso":"eng"}],"citation":{"bibtex":"@article{Schlueter_Busch_Sievers_Hartmann-Wendels_2016, title={Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?}, volume={49}, DOI={<a href=\"https://doi.org/10.3790/ccm.49.1.93\">10.3790/ccm.49.1.93</a>}, 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?” <i>Credit and Capital Markets--Kredit Und Kapital</i> 49, no. 1 (2016): 93–125. <a href=\"https://doi.org/10.3790/ccm.49.1.93\">https://doi.org/10.3790/ccm.49.1.93</a>.","short":"T. Schlueter, R. Busch, S. Sievers, T. Hartmann-Wendels, Credit and Capital Markets--Kredit Und Kapital 49 (2016) 93–125.","ieee":"T. Schlueter, R. Busch, S. Sievers, and T. Hartmann-Wendels, “Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?,” <i>Credit and Capital Markets--Kredit und Kapital</i>, vol. 49, no. 1, pp. 93–125, 2016.","ama":"Schlueter T, Busch R, Sievers S, Hartmann-Wendels T. Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking? <i>Credit and Capital Markets--Kredit und Kapital</i>. 2016;49(1):93-125. doi:<a href=\"https://doi.org/10.3790/ccm.49.1.93\">10.3790/ccm.49.1.93</a>","mla":"Schlueter, Tobias, et al. “Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?” <i>Credit and Capital Markets--Kredit Und Kapital</i>, vol. 49, no. 1, 2016, pp. 93–125, doi:<a href=\"https://doi.org/10.3790/ccm.49.1.93\">10.3790/ccm.49.1.93</a>.","apa":"Schlueter, T., Busch, R., Sievers, S., &#38; Hartmann-Wendels, T. (2016). Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking? <i>Credit and Capital Markets--Kredit Und Kapital</i>, <i>49</i>(1), 93–125. <a href=\"https://doi.org/10.3790/ccm.49.1.93\">https://doi.org/10.3790/ccm.49.1.93</a>"},"user_id":"64756","department":[{"_id":"275"}],"_id":"4586","title":"Loan Pricing: Do Borrowers Benefit from Cost-Efficient Banking?","volume":49,"author":[{"first_name":"Tobias","last_name":"Schlueter","full_name":"Schlueter, Tobias"},{"first_name":"Ramona","full_name":"Busch, Ramona","last_name":"Busch"},{"first_name":"Soenke","full_name":"Sievers, Soenke","last_name":"Sievers"},{"first_name":"Thomas","full_name":"Hartmann-Wendels, Thomas","last_name":"Hartmann-Wendels"}],"intvolume":"        49","status":"public","year":"2016"}