Bank Size

Smallest 75th

75th - 90th

90th - 95th

95th - 99th

Top 1%

DEX.RATE

Lag 1

0.00014^*

(0.056)

0.00005

(0.834)

−0.00009

(0.841)

0.00068

(0.306)

0.00228^*

(0.080)

Lag 2

−0.00029^***

(0.001)

−0.00102^***

(0.001)

−0.00084

(0.141)

−0.00031

(0.391)

−0.00296^*

(0.078)

Lag 3

0.00004

(0.607)

0.00065^**

(0.018)

0.00056

(0.267)

−0.00065

(0.386)

0.00053

(0.725)

Lag 4

−0.00022^***

(0.001)

−0.00030

(0.169)

−0.00020

(0.632)

−0.00071

(0.237)

−0.00034

(0.778)

SDEX.RATE_t

(p-value F-stat)

−0.00033^***

(0.000)

−0.00062^***

(0.000)

−0.00056^**

(0.028)

−0.00142^***

(0.000)

−0.00049

(0.516)

SDEX.RATE_t-i^*

(cross-bdr loans)

(p-value F-stat)

−3.90e−08^***

(0.000)

−1.26e−08^***

(0.000)

−8.92e−09^***

(0.000)

−1.68e−10

(0.151)

−2.03e−11^**

(0.011)

SDFFR_t-i

(p-value F-stat)

−0.00429^***

(0.000)

−0.00786^***

(0.000)

−0.00567^***

(0.000)

−0.01085^***

(0.000)

−0.00382

(0.526)

No. Banks

9744

3262

1280

781

153

N

419,375

81,279

25,393

18,556

4524

R-sq. Within/betw./overall

0.965/0.953/0.980

0.885/0.953/0.944

0.847/0.935/0.930

0.865/0.969/0.945

0.936/0.984/0.972