Bank Size

Smallest 75th

75th - 90th

90th - 95th

95th - 99th

Top 1%

DEX.RATE

Lag 1

−9.70e−06

(0.928)

0.00067^***

(0.001)

0.00060^*

(0.081)

0.00111^*

(0.077)

0.00186

(0.368)

Lag 2

−0.00042^***

(0.000)

−0.00059^***

(0.001)

−0.00052 

(0.119)

0.000042

(0.943)

0.00400

(0.499)

Lag 3

−0.00038^*** 

(0.000)

0.00033^***

(0.005)

0.00018

(0.553)

−0.00099^*

(0.066)

0.00075

(0.783)

Lag 4

−0.00058^***

(0.000)

−0.00044^**

(0.013)

−0.00001

(0.966)

−0.00078

(0.175)

0.00248

(0.612)

SDEX.RATE_t

(p-value F-stat)

−0.00139^***

(0.000)

−0.00004

(0.901)

0.00025

(0.645)

−0.00062

(0.528)

0.00900

(0.434)

SDEX.RATE_t-i^*

(cross-bdr loans)

(p-value F-stat)

−8.04e−08^***

(0.001)

−4.10e−09

(0.214)

−5.58e−10

(0.861)

−8.38e−10^***

(0.005)

−6.57e−11

(0.663)

SDFFR_t-i

(p-value F-stat)

−0.00367^***

(0.005)

0.00384

(0.108)

0.00480

(0.262)

−0.00735

(0.344)

0.04821

(0.295)

No. Banks

9677

3155

1231

750

148

N

408,261

76,354

23,432

17,507

4312

R-sq. Within/betw./overall

0.318/0.960/0.982

0.278/0.855/0.719

0.006/0.792/0.480

0.002/0.864/0.308

0.187/0.905/0.557