상호저축은행과 신용협동조합의 금리결정요인에 관한 실증분석
An Empirical Analysis on the Determinant Factors of Interest Rate: Mutual Savings Banks and Credit Unions in Korea
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Abstract
The purpose of this study is to examine how RP interest rate, CP, CD, deposit and lending interest rate of banks, deposit and lending interest rate of Mutual Savings Banks and deposit and lending interest rate of Credit Union affect the decision making process of interest rate in Mutual Savings Banks and Credit Union. First, CP, RP interest rate and deposit interest rate of banks have an impact on the deposit interest rate of Mutual Savings Banks. Second, deposit interest rate of banks and Mutual Savings Banks influenced the deposit interest rate of Credit Union. Third, CP and deposit interest rate of Mutual Savings Banks have an impact on the lending interest rate of Credit Union. All in all, CP, RP interest rate and deposit interest rate of banks affected the decision making process of interest rate in Mutual Savings Banks and Credit Union. And, deposit interest rate of Mutual Savings Banks has a significant impact on the decision making process of interest rate in Credit Union. However, deposit interest rate of Mutual Savings Banks was the only RP interest rate and did not affect the decision making process of interest rate of Credit Union. Most of all deposit interest rate of Mutual Savings Banks and Credit Union seems to affect RP interest rate. Therefore, it implies that policy makers are trying to regulate RP interest rate to control the others, which show that RP interest rate is plays a pivotal role as a policy variable.
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