Pass-through of KIBOR to lending Rate – Islamic banks
| Variable | −1 | −2 | −3 | −4 |
|---|---|---|---|---|
| Coefficient | ||||
| Long run | 1.09*** | 0.96*** | 1.09*** | 1.00*** |
| Short run | 0.67*** | 0.61*** | 0.65*** | 0.38*** |
| Speed of adjustment | −0.23*** | −0.32*** | −0.26*** | −0.28*** |
| Control variables | ||||
| Real GDP growth | Not sig | Not sig | ||
| Exchange rate | Not sig | Not sig | ||
| Government borrowing | Not sig | Not sig | ||
| Stock market | Not sig | Not sig | ||
| Post-Covid period | Not sig | Sig at 5% | ||
| Constant | No | Yes | No | Yes |
| Trend | No | Yes | No | Yes |
| Observations | 236 | 236 | 236 | 236 |
| R-squared | 0.35 | 0.37 | 0.36 | 0.36 |
| Variable | −1 | −2 | −3 | −4 |
|---|---|---|---|---|
| Long run | 1.09 | 0.96 | 1.09 | 1.00 |
| Short run | 0.67 | 0.61 | 0.65 | 0.38 |
| Speed of adjustment | −0.23 | −0.32 | −0.26 | −0.28 |
| Real | Not sig | Not sig | ||
| Exchange rate | Not sig | Not sig | ||
| Government borrowing | Not sig | Not sig | ||
| Stock market | Not sig | Not sig | ||
| Post-Covid period | Not sig | Sig at 5% | ||
| Constant | No | Yes | No | Yes |
| Trend | No | Yes | No | Yes |
| Observations | 236 | 236 | 236 | 236 |
| 0.35 | 0.37 | 0.36 | 0.36 | |
***p < 0.01; **p < 0.05; *p < 0.1
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