(0.00262)

D.Lending interest rate

−0.00122***

(0.000416)

LD.Lending interest rate

0.000292

(0.000442)

L2D.Lending interest rate

0.000366

(0.000455)

L3D.Lending interest rate

0.000742*

Cons

−0.577**

(0.277)

Sample: 2001q2-2018q4

Observations

68

68

68

R-squared

0.632

0.632

0.632