Pass-through of KIBOR to deposit rate (overall banking industry)
| Variable | −1 | −2 | −3 | −4 |
|---|---|---|---|---|
| Coefficient | ||||
| Long run | 0.57*** | 0.66*** | 0.55*** | 0.58*** |
| Short run | 0.28*** | 0.30*** | 0.28*** | 0.28*** |
| Speed of adjustment | −0.20*** | −0.23*** | −0.35*** | −0.48*** |
| Control variables | ||||
| Real GDP growth | Not sig | Not sig | ||
| Exchange rate | Sig at 5% | Sig at 5% | ||
| Government borrowing | Not sig | Not sig | ||
| Liquidity conditions | Not sig | Not sig | ||
| Stock market | Not sig | Not sig | ||
| HHI | Not sig | Not sig | ||
| NPls/total loans | Not sig | Not sig | ||
| Post-Covid period | Sig at 5% | Sig at 5% | ||
| Constant | No | Yes | No | Yes |
| Trend | No | Yes | No | Yes |
| Observations | 236 | 236 | 236 | 236 |
| R-squared | 0.37 | 0.38 | 0.41 | 0.41 |
| Variable | −1 | −2 | −3 | −4 |
|---|---|---|---|---|
| Long run | 0.57 | 0.66 | 0.55 | 0.58 |
| Short run | 0.28 | 0.30 | 0.28 | 0.28 |
| Speed of adjustment | −0.20 | −0.23 | −0.35 | −0.48 |
| Real | Not sig | Not sig | ||
| Exchange rate | Sig at 5% | Sig at 5% | ||
| Government borrowing | Not sig | Not sig | ||
| Liquidity conditions | Not sig | Not sig | ||
| Stock market | Not sig | Not sig | ||
| Not sig | Not sig | |||
| NPls/total loans | Not sig | Not sig | ||
| Post-Covid period | Sig at 5% | Sig at 5% | ||
| Constant | No | Yes | No | Yes |
| Trend | No | Yes | No | Yes |
| Observations | 236 | 236 | 236 | 236 |
| 0.37 | 0.38 | 0.41 | 0.41 | |
***p < 0.01; **p < 0.05; *p < 0.1
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