Bank Size

Smallest 75th

75th - 90th

90th - 95th

95th - 99th

Top 1%

DEX.RATE

Lag 1

−0.00016^*

(0.073)

−0.00055^*

(0.061)

−0.00078

(0.146)

0.00035

(0.661)

0.00162

(0.309)

Lag 2

−0.00049^***

(0.000)

−0.00117^***

(0.002)

−0.00092

(0.182)

−0.00086

(0.406)

−0.00313

(0.127)

Lag 3

−0.00005

(0.606)

0.00093^***

(0.007)

0.00107^*

(0.090)

−0.00014

(0.880)

0.00248

(0.190)

Lag 4

0.00043^***

(0.000)

0.00037

(0.144)

0.00029

(0.537)

−0.00026

(0.713)

−0.00033

(0.812)

SDEX.RATE_t

(p-value F-stat)

−0.00027

(0.000)

−0.00042^***

(0.009)

−0.00034

(0.245)

−0.00091^**

(0.033)

0.00063

(0.466)

SDEX.RATE_t-i^*

(cross-bdr loans)

(p-value F-stat)

−3.15e−08^***

(0.000)

−9.77e−09^***

(0.000)

−7.77e−09^***

(0.000)

−1.56e−10^*

(0.078)

−1.81e−11^***

(0.002)

SDFFR_t-i

(p-value F-stat)

−0.00429^***

(0.000)

−0.00756^***

(0.000)

−0.00524^**

(0.043)

−0.00927^**

(0.015)

0.00425

(581)

No. Banks

9744

3262

1280

781

153

N

419,375

81,279

25,393

18,556

4524

R-sq. Within/betw./overall

0.966/0.989/0.990

0.886/0.954/0.944

0.848/0.935/0.931

0.866/0.969/0.945

0.936/0.984/0.971