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Previous findings should be interpreted cautiously, however, because none of the previous research used a methodology that accounts for both rigidity in the prime and the discrete nature of its changes.
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The null hypothesis that the coefficients for technical and non-technical discount rate changes are equal could not be rejected at any reasonable significance level.8 Hence, the distinction between technical and non-technical discount rate changes, which is critical for the reaction of market interest rates to changes in the discount rate, does not appear to be important for the response of the administered prime rate.
Hence, our results bolster existing explanations as to why some firms that have direct access to financial markets might eschew bank finance, and why bank-dependent firms might rely heavily on internal finance.
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00 11/2% x $100 11/2% x $400 For The Consumer Federal Trade Commission www.
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They will probably put you on hold immediately and speak with a manager to get your rate reduced.
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