Bank deposit interest rate pass-through and geographical segmentation in Japanese banking markets

Taisuke Uchino

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Bank deposit interest rate pass-through and geographical segmentation in Japanese banking markets

机译：日本银行市场的银行存款利率转嫁和地域细分

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This paper estimates the pass-through from market interest rates to deposit interest rates to investigate whether the Japanese bank deposit markets are geographically segmented. A unique feature of this paper is the use of monthly deposit interest rates posted by 106 regional banks from March 1999 to March 2010. Following the theoretical results from a simple banking activity model with Cournot competition, I estimate the long run pass-through of each regional bank utilizing the panel cointegration method. The empirical results of this paper show a significant negative correlation between regional market concentration and pass-through, which implies the existence of geographical market segmentation.

机译：本文估计了从市场利率到存款利率的传递，以研究日本银行存款市场是否按地域划分。本文的独特之处在于使用了1999年3月至2010年3月间106家地区性银行发布的每月存款利率。根据具有古诺特竞争的简单银行活动模型的理论结果，我估计了每家银行的长期转嫁率区域银行利用面板协整法。本文的实证结果表明，区域市场集中度和传递性之间存在显着的负相关性，这表明存在地理市场细分。

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来源
《Japan and the World Economy》 |2014年第5期|37-51|共15页
作者
Taisuke Uchino;
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作者单位

Faculty of Economics, Daito Bunka University, 1-9-1 Takashimadaira, Itabashi, Tokyo 175-8571, Japan,Research Institute of Economy, Trade and Industry (RIETI), Japan;

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正文语种 eng
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关键词
Interest rate pass-through; Geographical segmentation; Panel cointegration;

机译：利率转嫁;地理分割;面板协整;

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Bank deposit interest rate pass-through and geographical segmentation in Japanese banking markets

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