Pass-through of KIBOR to lending rate (overall banking industry)
| Variable | −1 | −2 | −3 | −4 |
|---|---|---|---|---|
| Coefficient | ||||
| Long run | 1.05*** | 0.98*** | 1.02*** | 0.93*** |
| Short run | 0.41*** | 0.40*** | 0.42*** | 0.38*** |
| Speed of adjustment | −0.17*** | −0.27*** | −0.27*** | −0.39*** |
| Control variables | ||||
| Real GDP growth | Sig at 5% | Not sig | ||
| Exchange rate | Not sig | Sig at 5% | ||
| Government borrowing | Not sig | Sig at 5% | ||
| Liquidity conditions | Sig at 5% | Sig at 5% | ||
| Stock market | Not sig | Not sig | ||
| HHI | Not sig | Not sig | ||
| NPls/total loans | Sig at 5% | Sig at 5% | ||
| Post-Covid period | Sig at 5% | Sig at 10% | ||
| Constant | No | Yes | No | Yes |
| Trend | No | Yes | No | Yes |
| Observations | 236 | 236 | 236 | 236 |
| R-squared | 0.62 | 0.63 | 0.64 | 0.63 |
| Variable | −1 | −2 | −3 | −4 |
|---|---|---|---|---|
| Long run | 1.05 | 0.98 | 1.02 | 0.93 |
| Short run | 0.41 | 0.40 | 0.42 | 0.38 |
| Speed of adjustment | −0.17 | −0.27 | −0.27 | −0.39 |
| Real | Sig at 5% | Not sig | ||
| Exchange rate | Not sig | Sig at 5% | ||
| Government borrowing | Not sig | Sig at 5% | ||
| Liquidity conditions | Sig at 5% | Sig at 5% | ||
| Stock market | Not sig | Not sig | ||
| Not sig | Not sig | |||
| NPls/total loans | Sig at 5% | Sig at 5% | ||
| Post-Covid period | Sig at 5% | Sig at 10% | ||
| Constant | No | Yes | No | Yes |
| Trend | No | Yes | No | Yes |
| Observations | 236 | 236 | 236 | 236 |
| 0.62 | 0.63 | 0.64 | 0.63 | |
***p < 0.01; **p < 0.05; *p < 0.1
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