A COMPARATIVE STUDY OF ALTERNATIVE ECONOMETRIC PACKAGES: AN APPLICATION TO ITALIAN DEPOSIT INTEREST RATES



Table 1

Banks deposits

(percentages; end of period data)

Deposits in lire

Year

Current

Savings

Certificates of deposit____________

Total

Accounts

Deposits

_________of which:_________

Short-term

long-term

1974

55.23

40.98

3.79

0.00

3.79

100.00

1975

48.93

47.14

3.93

0.00

3.93

100.00

1976

48.79

47.82

3.39

0.00

3.39

100.00

1977

48.89

47.76

3.35

0.00

3.35

100.00

1978

50.55

46.05

3.40

0.00

3.40

100.00

1979

52.40

44.67

2.93

0.00

2.93

100.00

1980

53.24

43.89

2.88

0.00

2.88

100.00

1981

52.38

44.26

3.35

0.00

3.35

100.00

1982

51.21

43.52

5.26

0.00

5.26

100.00

1983

51.01

43.44

5.55

0.84

4.71

100.00

1984

51.20

42.00

6.80

1.73

5.06

100.00

1985

51.16

41.02

7.82

2.73

5.09

100.00

1986

52.89

37.83

9.28

4.07

5.20

100.00

1987

53.35

35.67

10.98

5.63

5.35

100.00

1988

52.85

31.14

16.01

7.25

8.76

100.00

1989

52.90

26.85

20.25

8.50

11.75

100.00

1990

52.02

23.71

24.27

9.95

14.32

100.00

1991

53.09

19.66

27.25

9.89

17.36

100.00

1992

50.66

16.97

32.36

10.83

21.53

100.00

1993

50.28

15.42

34.29

9.50

24.80

100.00

1994

51.79

14.71

33.51

7.77

25.73

100.00

1995

51.05

12.66

36.29

6.30

29.99

100.00

1996

52.80

11.97

35.23

6.98

28.25

100.00

1997

61.66

13.12

25.22

9.77

15.45

100.00

1998

69.97

12.98

17.06

8.41

8.65

100.00

1999

75.83

12.49

11.67

6.39

5.28

100.00

28



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