Table 7. Pass-through of KIBOR to... | Emerald Publishing

Table 7.

Pass-through of KIBOR to deposit Rate-Islamic banks

Variable	−1	−2	−3	−4
Coefficient
Long run	0.81***	0.98***	0.96***	0.90***
Short run	0.31***	0.41***	0.38***	0.38***
Speed of adjustment	−0.09***	−0.12***	−0.08***	−0.14***
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	0.37	0.38	0.38	0.39

Variable	−1	−2	−3	−4
Coefficient
Long run	0.81***	0.98***	0.96***	0.90***
Short run	0.31***	0.41***	0.38***	0.38***
Speed of adjustment	−0.09***	−0.12***	−0.08***	−0.14***
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	0.37	0.38	0.38	0.39

Note(s):

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

Source(s): Author’s own work