Table 3. Pass-through of KIBOR to... | Emerald Publishing

Table 3.

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
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

Note(s):

***p < 0.01; **p < 0.05; *p < 0.1

Source(s): Author’s own work