Table 1. Variation and Correlation of Loan Interest Rates and the Call Rate
High growth period |
Low growth period | |||
Variation |
Correlation |
Variation |
Correlation | |
Short term loan | ||||
Interest rate |
0.055 |
0.80 |
0.20 |
0.91 |
Call rate |
0.21 |
0.25 |
Note: The coefficient of variation is defined as the standard deviation over the mean. The high
growth period is from December 1961 to December 1972, for which the number of observations is
133. The low growth period is from January 1973 to March 1983, for which the number of
observations is 123.
24