"macroeconomic and financial stability, macroprudential policy, monetary policy, non-performing loans, monetary policy rate, Vector Autoregressive Model, impulse response analysis"@en . "In the recent years, an interest in the macroprudential policy, its role and interaction with the monetary policy has been rising. There is a need for cooperation between monetary policy makers and prudential regulators to achieve economic and financial stability because changes in monetary policy instruments can influence conducting of the macroprudential policy, and vice versa. The aim of this paper is to investigate the sensitivity of non-performing loans ratio (NPLR) and its macroeconomic determinants to the changes of monetary policy rate. In the empirical analysis we estimate Vector Autoregressive Model containing NPLR, lending rates of companies and households, real economic growth, changes in M2 money, changes in real effective exchange rate of the Czech Crown, and Czech National Banks\u00B4 monetary policy rate (two week repo rate). Based on the estimation results we found that there are different reactions of the households\u00B4 and companies\u00B4 lending rate to the monetary shock and NPLR does not significantly react to the changes of the repo rate." . "Proceedings of the 11th International Conference Economic Policy in the European Union Member Countries : [18.-20. September 2013, Ostrava]" . "The Influence of the Monetary Policy Rate on the Non-Performing Loans and their Determinants" . . . "2"^^ . "2013-09-18+02:00"^^ . . . . "The Influence of the Monetary Policy Rate on the Non-Performing Loans and their Determinants" . . "79999" . "27510" . . "RIV/61989100:27510/13:86086773!RIV14-MSM-27510___" . . . . . . "978-80-248-3095-7" . "RIV/61989100:27510/13:86086773" . "Meleck\u00FD, Ale\u0161" . "In the recent years, an interest in the macroprudential policy, its role and interaction with the monetary policy has been rising. There is a need for cooperation between monetary policy makers and prudential regulators to achieve economic and financial stability because changes in monetary policy instruments can influence conducting of the macroprudential policy, and vice versa. The aim of this paper is to investigate the sensitivity of non-performing loans ratio (NPLR) and its macroeconomic determinants to the changes of monetary policy rate. In the empirical analysis we estimate Vector Autoregressive Model containing NPLR, lending rates of companies and households, real economic growth, changes in M2 money, changes in real effective exchange rate of the Czech Crown, and Czech National Banks\u00B4 monetary policy rate (two week repo rate). Based on the estimation results we found that there are different reactions of the households\u00B4 and companies\u00B4 lending rate to the monetary shock and NPLR does not significantly react to the changes of the repo rate."@en . "Ostrava" . . "Ostrava" . . . . "\u0160ulganov\u00E1, Monika" . "9"^^ . "The Influence of the Monetary Policy Rate on the Non-Performing Loans and their Determinants"@en . "\u0160ulganov\u00E1, Monika" . . "[77BFDBE8195E]" . "P(EE2.3.30.0016), S" . . . "Vysok\u00E1 \u0161kola b\u00E1\u0148sk\u00E1 - Technick\u00E1 univerzita Ostrava" . . . "2"^^ . "The Influence of the Monetary Policy Rate on the Non-Performing Loans and their Determinants"@en . .