Table 9. Pass-through of KIBOR to... | Emerald Publishing

Table 9.

Pass-through of KIBOR to deposit rate – conventional banks

Variable	−1	−2	−3	−4
Coefficient
Long run	0.60***	0.66***	0.54***	0.58***
Short run	0.32***	0.32***	0.30***	0.29***
Speed of adjustment	−0.13***	−0.21***	−0.23***	−0.43***
Control variables
Real GDP growth			Not sig	Not sig
Exchange rate			Sig at 5%	Sig at 5%
Government borrowing			Sig at 5%	Sig at 5%
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	0.45	0.47	0.5	0.55

Variable	−1	−2	−3	−4
Coefficient
Long run	0.60***	0.66***	0.54***	0.58***
Short run	0.32***	0.32***	0.30***	0.29***
Speed of adjustment	−0.13***	−0.21***	−0.23***	−0.43***
Control variables
Real GDP growth			Not sig	Not sig
Exchange rate			Sig at 5%	Sig at 5%
Government borrowing			Sig at 5%	Sig at 5%
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	0.45	0.47	0.5	0.55

Note(s):

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

Source(s): Author’s own work