ISSN: 2225-8329
Open access
The aim of this article is to examine the relationship between several economic and financial variables and the 3-month Romanian Interbank Offered Rate (ROBOR3M) in Romania. Using a database that covers August 2019 to October 2020 period, our results show that information asymmetry is influencing the interest rate evolution in such way that during episodes of increased uncertainty, a higher level of informed traders are executing transactions on Bucharest Stock Exchange which leads to higher interbank rates. Moreover, our study uncovers statistically significant associations between ROBOR3M and various factors, including prior ROBOR performance, shifts in currency exchange rates, movements in the stock market, fluctuations in cryptocurrency values, alterations in government bond yields, and the presence of information asymmetry among major banks.
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(MIHAI et al., 2023)
MIHAI, D. G., TOADER, C. I., BICHIR, A., TRIFU, L. C., & BLAGA, F. (2023). Investigating the Impact of Interbank Interest Rate on Information Asymmetry. Evidence from Bucharest Stock Exchange. International Journal of Academic Research in Accounting, Finance and Management Sciences, 13(4), 158–164.
Copyright: © 2023 The Author(s)
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