The purpose of this thesis is to investigate how well Swedish banks’ follow the interest rate development of Swedish Treasury Bills and Swedish Government Bonds when they are determining the levels for their deposit and lending rates. Individuals’ deposits in a bank serves as one of the banks main assets in the balance sheet, and the spread between the bank’s deposit rate and the short-term market rate is a large source of funding for the bank. If there is a strong relationship of this spread over time, one may assume that this spread is of great importance for financing of the banking firm. The spread between the bank’s lending rate and the long-term market rate – credit risk spread – also serves a large source of interest income for the bank, and if this relationship is strong over time, one may assume that this spread is of great importance for financing of the banking firm as well. The banks subjected for investigation in this paper are Handelsbanken (SHB) and Föreningssparbanken (FSB). This paper finds a weaker relationship between the banks’ deposit rates and the short-term market rates, than for the lending rates and the long-term market rates. This indicates that the credit risk spread is of greater importance for financing of the banking firm than the funding spread. The weaker relationship between the banks’ deposit rates and the short-term market rate may be due to the great variability of savings alternatives offered in the market place today. The fact that banks today have deposit-deficit may also explain the weaker relationship, which may be explained by the Baumol-Tobin transaction model – where the higher the interest rate, the greater amount is being kept in the account. The stronger relationship between the banks’ lending rate and the long-term market rate may be due to the nature of the credit risk spread to function as a price-discrimination tool between lending clients.

<p>The purpose of this thesis is to investigate how well Swedish banks’ follow the interest rate development of Swedish Treasury Bills and Swedish Government Bonds when they are determining the levels for their deposit and lending rates. Individuals’ deposits in a bank serves as one of the banks main assets in the balance sheet, and the spread between the bank’s deposit rate and the short-term market rate is a large source of funding for the bank. If there is a strong relationship of this spread over time, one may assume that this spread is of great importance for financing of the banking firm.</p><p>The spread between the bank’s lending rate and the long-term market rate – credit risk spread – also serves a large source of interest income for the bank, and if this relationship is strong over time, one may assume that this spread is of great importance for financing of the banking firm as well.</p><p>The banks subjected for investigation in this paper are Handelsbanken (SHB) and Föreningssparbanken (FSB). This paper finds a weaker relationship between the banks’ deposit rates and the short-term market rates, than for the lending rates and the long-term market rates. This indicates that the credit risk spread is of greater importance for financing of the banking firm than the funding spread. The weaker relationship between the banks’ deposit rates and the short-term market rate may be due to the great variability of savings alternatives offered in the market place today. The fact that banks today have deposit-deficit may also explain the weaker relationship, which may be explained by the Baumol-Tobin transaction model – where the higher the interest rate, the greater amount is being kept in the account. The stronger relationship between the banks’ lending rate and the long-term market rate may be due to the nature of the credit risk spread to function as a price-discrimination tool between lending clients.</p>

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No. of bitstreams: 1 arquivototal.pdf: 803612 bytes, checksum: 1ca14569ad78828c4a7f5b9593325ab4 (MD5) Previous issue date: 2014-02-20 / Coordenação de Aperfeiçoamento de Pessoal de Nível Superior / From the great legitimation system conquered by the special civil courts system for consumers (small-claims courts), to allow, independent of the intermediation of the attorney or of the the preparation of legal costs, a bigger effectiveness of the access to justice in demands proposed in relation to to organizational litigants, will be analyzed in this study, specifically, in relation to claims for repetition rates like TAC/TEC and resembled in vehicle financing contracts, the legitimacy and effectiveness of the interference of judicial activity, assigned to Superior Court STJ in place of complaints and special features, from the creation of normative control erga omnes, contained in the precedent of the RE 571.572ED, from the the Supreme Court - STF, and the difficulties raised from the practical inconsequences of such decision in relation to the system of courts, constitutionally established without ordinary control of that Superior Court of Justice. It is that the novel binding of judges to the superior courts of law does not fit the peculiar principle of sociability matter of law contained in the art.6º, of the Law No. 9099/95, which states that the magistrate adopts, in each case, the "decision considered fair and equitable, addressing the social purposes of the law and the requirements of the common good", and which criteria privilege the construction of the ratio decidendi less exegetical, that can be better understood with the use of the method abduction of Charles Sanders Peirce, in a context of discovery in which the preconceptions of the applicator would indicate what would be more believable in law debate, reflecting on the fact put in order to build, in the context of justification of the rhetoric of judicial entimema, its understanding. To this end the suspension of proceedings determined by Exma. Ministra Isabel Gallotti will be examined, in the records of REsp 1.251.331-RS, who answered a request from FEBRABAN preventing the processing of actions even tried in the first instance as well as the judgment of the Second Section that followed it, that searching for a standardization of judicial understanding, brought serious practical inconsistencies before the theory of law, especially consumerist legislation and procedural logic, regarding a matter that involves more than two hundred and eighty-five thousand lawsuits processes in progress, in which it is discussed the legality of charging of credit facility, issuance docket and resembled in bank financing contracts. / A partir da grande legitimação conquistada pelo sistema de juizados especiais cíveis perante os consumidores, por permitir, independente da intermediação de advogado ou do preparo de despesas processuais, uma maior efetivação do acesso à justiça em demandas propostas em relação aos litigantes organizacionais, analisar-se-á, neste trabalho, especificamente, em relação a pleitos de repetição de tarifas tipo TAC/TEC e assemelhadas em contratos de financiamento de veículos, a legitimidade e efetividade da interferência da atividade jurisdicional, atribuída ao Superior Tribunal de Justiça STJ em sede de reclamações e recursos especiais, a partir da criação normativa de controle erga omnes, constante do precedente do RE 571.572ED, do Supremo Tribunal Federal STF, e as dificuldades advindas pelas inconsequências práticas de tal decisão em relação ao sistema de juizados, instituído constitucionalmente sem controle ordinário daquela Superior Corte de Justiça. É que a novel vinculação dos juízes dos juizados à jurisprudência superior não se ajusta ao peculiar princípio da sociabilidade da convicção judicial contido no art.6º, da Lei nº 9099/95, que determina que o magistrado adote, em cada caso, a decisão que reputar mais justa e equânime, atendendo aos fins sociais da lei e as exigências do bem comum , critério estes que privilegiam a construção do ratio decidendi menos exegética, que pode ser melhor compreendida pela utilização do método abdutivo de Charles Sanders Peirce, em um contexto de descoberta onde os pré conceitos do aplicador indicariam o que seria mais verossímil no direito em debate, refletindo sobre fato posto a fim de construir, no contexto de justificação da retórica do entimema judicial, o seu entendimento. Para tal fim será examinado a suspensão dos processos determinada pela Exma. Ministra Isabel Gallotti, nos autos do REsp 1.251.331 RS, que atendeu pedido formulado pela FEBRABAN impedindo a tramitação de ações sequer julgadas em primeira instância, bem como o acórdão da Segunda Seção que lhe seguiu, que em busca de uma padronização de entendimento jurisdicional, trouxe sérias inconsequências práticas ante a teoria do direito, sobretudo a legislação consumerista e a lógica processual, a respeito de uma matéria que envolve mais de duzentos e oitenta e cinco mil processos em tramitação, nos quais se discute a legalidade da cobrança de tarifas de abertura de crédito, emissão de boleto e assemelhadas em contratos de financiamento bancário.