id	sid	tid	token	lemma	pos
arjefm-89	1	1	american	american	PROPN
arjefm-89	1	2	research	research	PROPN
arjefm-89	1	3	journal	journal	PROPN
arjefm-89	1	4	of	of	ADP
arjefm-89	1	5	economics	economic	NOUN
arjefm-89	1	6	,	,	PUNCT
arjefm-89	1	7	finance	finance	NOUN
arjefm-89	1	8	and	and	CCONJ
arjefm-89	1	9	management	management	NOUN
arjefm-89	1	10	volume	volume	NOUN
arjefm-89	1	11	11	11	NUM
arjefm-89	1	12	issue	issue	NOUN
arjefm-89	1	13	3	3	NUM
arjefm-89	1	14	,	,	PUNCT
arjefm-89	1	15	july	july	PROPN
arjefm-89	1	16	-	-	PUNCT
arjefm-89	1	17	september	september	PROPN
arjefm-89	1	18	2023	2023	NUM
arjefm-89	1	19	issn	issn	PROPN
arjefm-89	1	20	:	:	PUNCT
arjefm-89	1	21	2836	2836	NUM
arjefm-89	1	22	-	-	SYM
arjefm-89	1	23	9416	9416	NUM
arjefm-89	1	24	impact	impact	NOUN
arjefm-89	1	25	factor	factor	NOUN
arjefm-89	1	26	:	:	PUNCT
arjefm-89	1	27	5.57	5.57	NUM
arjefm-89	1	28	journal	journal	NOUN
arjefm-89	1	29	homepage	homepage	NOUN
arjefm-89	1	30	:	:	PUNCT
arjefm-89	1	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	1	32	,	,	PUNCT
arjefm-89	1	33	email	email	NOUN
arjefm-89	1	34	:	:	PUNCT
arjefm-89	1	35	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	1	36	official	official	ADJ
arjefm-89	1	37	journal	journal	PROPN
arjefm-89	1	38	of	of	ADP
arjefm-89	1	39	america	america	PROPN
arjefm-89	1	40	serial	serial	PROPN
arjefm-89	1	41	publication	publication	NOUN
arjefm-89	1	42	american	american	PROPN
arjefm-89	1	43	research	research	PROPN
arjefm-89	1	44	journal	journal	PROPN
arjefm-89	1	45	of	of	ADP
arjefm-89	1	46	economics	economic	NOUN
arjefm-89	1	47	,	,	PUNCT
arjefm-89	1	48	finance	finance	NOUN
arjefm-89	1	49	and	and	CCONJ
arjefm-89	1	50	management	management	NOUN
arjefm-89	1	51	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	1	52	,	,	PUNCT
arjefm-89	1	53	email	email	NOUN
arjefm-89	1	54	:	:	PUNCT
arjefm-89	1	55	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	2	1	1	1	NUM
arjefm-89	2	2	|	|	ADV
arjefm-89	2	3	p	p	X
arjefm-89	2	4	a	a	DET
arjefm-89	2	5	g	g	NOUN
arjefm-89	2	6	e	e	NOUN
arjefm-89	2	7	evaluating	evaluate	VERB
arjefm-89	2	8	monetary	monetary	ADJ
arjefm-89	2	9	policy	policy	NOUN
arjefm-89	2	10	effectiveness	effectiveness	NOUN
arjefm-89	2	11	:	:	PUNCT
arjefm-89	3	1	interest	interest	NOUN
arjefm-89	3	2	rate	rate	NOUN
arjefm-89	3	3	pass	pass	NOUN
arjefm-89	3	4	-	-	PUNCT
arjefm-89	3	5	through	through	NOUN
arjefm-89	3	6	in	in	ADP
arjefm-89	3	7	nigeria	nigeria	PROPN
arjefm-89	3	8	dr	dr	PROPN
arjefm-89	3	9	.	.	PROPN
arjefm-89	3	10	adeola	adeola	PROPN
arjefm-89	3	11	oyadeyi	oyadeyi	VERB
arjefm-89	3	12	obafemi	obafemi	ADP
arjefm-89	3	13	awolowo	awolowo	PROPN
arjefm-89	3	14	university	university	PROPN
arjefm-89	3	15	,	,	PUNCT
arjefm-89	3	16	ile	ile	PROPN
arjefm-89	3	17	-	-	PUNCT
arjefm-89	3	18	ife	ife	PROPN
arjefm-89	3	19	,	,	PUNCT
arjefm-89	3	20	osun	osun	PROPN
arjefm-89	3	21	state	state	PROPN
arjefm-89	3	22	,	,	PUNCT
arjefm-89	3	23	nigeria	nigeria	PROPN
arjefm-89	3	24	.	.	PUNCT
arjefm-89	4	1	abstract	abstract	ADJ
arjefm-89	4	2	:	:	PUNCT
arjefm-89	4	3	interest	interest	NOUN
arjefm-89	4	4	rate	rate	NOUN
arjefm-89	4	5	pass	pass	NOUN
arjefm-89	4	6	-	-	PUNCT
arjefm-89	4	7	through	through	NOUN
arjefm-89	4	8	,	,	PUNCT
arjefm-89	4	9	the	the	DET
arjefm-89	4	10	transmission	transmission	NOUN
arjefm-89	4	11	of	of	ADP
arjefm-89	4	12	central	central	ADJ
arjefm-89	4	13	bank	bank	NOUN
arjefm-89	4	14	policy	policy	NOUN
arjefm-89	4	15	rate	rate	NOUN
arjefm-89	4	16	changes	change	NOUN
arjefm-89	4	17	to	to	ADP
arjefm-89	4	18	retail	retail	ADJ
arjefm-89	4	19	bank	bank	NOUN
arjefm-89	4	20	lending	lending	NOUN
arjefm-89	4	21	and	and	CCONJ
arjefm-89	4	22	deposit	deposit	NOUN
arjefm-89	4	23	rates	rate	NOUN
arjefm-89	4	24	,	,	PUNCT
arjefm-89	4	25	is	be	AUX
arjefm-89	4	26	a	a	DET
arjefm-89	4	27	crucial	crucial	ADJ
arjefm-89	4	28	indicator	indicator	NOUN
arjefm-89	4	29	of	of	ADP
arjefm-89	4	30	the	the	DET
arjefm-89	4	31	effectiveness	effectiveness	NOUN
arjefm-89	4	32	of	of	ADP
arjefm-89	4	33	monetary	monetary	ADJ
arjefm-89	4	34	policy	policy	NOUN
arjefm-89	4	35	.	.	PUNCT
arjefm-89	5	1	this	this	DET
arjefm-89	5	2	study	study	NOUN
arjefm-89	5	3	examines	examine	VERB
arjefm-89	5	4	the	the	DET
arjefm-89	5	5	interest	interest	NOUN
arjefm-89	5	6	rate	rate	NOUN
arjefm-89	5	7	pass	pass	VERB
arjefm-89	5	8	-	-	PUNCT
arjefm-89	5	9	through	through	ADP
arjefm-89	5	10	mechanism	mechanism	NOUN
arjefm-89	5	11	in	in	ADP
arjefm-89	5	12	the	the	DET
arjefm-89	5	13	context	context	NOUN
arjefm-89	5	14	of	of	ADP
arjefm-89	5	15	nigeria	nigeria	PROPN
arjefm-89	5	16	's	's	PART
arjefm-89	5	17	monetary	monetary	ADJ
arjefm-89	5	18	policy	policy	NOUN
arjefm-89	5	19	framework	framework	NOUN
arjefm-89	5	20	.	.	PUNCT
arjefm-89	6	1	in	in	ADP
arjefm-89	6	2	december	december	PROPN
arjefm-89	6	3	2006	2006	NUM
arjefm-89	6	4	,	,	PUNCT
arjefm-89	6	5	nigeria	nigeria	PROPN
arjefm-89	6	6	adopted	adopt	VERB
arjefm-89	6	7	a	a	DET
arjefm-89	6	8	new	new	ADJ
arjefm-89	6	9	monetary	monetary	ADJ
arjefm-89	6	10	policy	policy	NOUN
arjefm-89	6	11	approach	approach	NOUN
arjefm-89	6	12	,	,	PUNCT
arjefm-89	6	13	replacing	replace	VERB
arjefm-89	6	14	the	the	DET
arjefm-89	6	15	minimum	minimum	ADJ
arjefm-89	6	16	rediscount	rediscount	NOUN
arjefm-89	6	17	rate	rate	NOUN
arjefm-89	6	18	with	with	ADP
arjefm-89	6	19	the	the	DET
arjefm-89	6	20	monetary	monetary	ADJ
arjefm-89	6	21	policy	policy	NOUN
arjefm-89	6	22	rate	rate	NOUN
arjefm-89	6	23	and	and	CCONJ
arjefm-89	6	24	introducing	introduce	VERB
arjefm-89	6	25	an	an	DET
arjefm-89	6	26	asymmetric	asymmetric	ADJ
arjefm-89	6	27	corridor	corridor	NOUN
arjefm-89	6	28	around	around	ADP
arjefm-89	6	29	this	this	DET
arjefm-89	6	30	rate	rate	NOUN
arjefm-89	6	31	.	.	PUNCT
arjefm-89	7	1	the	the	DET
arjefm-89	7	2	primary	primary	ADJ
arjefm-89	7	3	aim	aim	NOUN
arjefm-89	7	4	was	be	AUX
arjefm-89	7	5	to	to	PART
arjefm-89	7	6	target	target	VERB
arjefm-89	7	7	the	the	DET
arjefm-89	7	8	overnight	overnight	ADJ
arjefm-89	7	9	rate	rate	NOUN
arjefm-89	7	10	and	and	CCONJ
arjefm-89	7	11	enhance	enhance	VERB
arjefm-89	7	12	monetary	monetary	ADJ
arjefm-89	7	13	policy	policy	NOUN
arjefm-89	7	14	effectiveness	effectiveness	NOUN
arjefm-89	7	15	.	.	PUNCT
arjefm-89	8	1	this	this	DET
arjefm-89	8	2	research	research	NOUN
arjefm-89	8	3	explores	explore	VERB
arjefm-89	8	4	the	the	DET
arjefm-89	8	5	relationship	relationship	NOUN
arjefm-89	8	6	between	between	ADP
arjefm-89	8	7	the	the	DET
arjefm-89	8	8	policy	policy	NOUN
arjefm-89	8	9	rate	rate	NOUN
arjefm-89	8	10	and	and	CCONJ
arjefm-89	8	11	retail	retail	ADJ
arjefm-89	8	12	bank	bank	NOUN
arjefm-89	8	13	lending	lending	NOUN
arjefm-89	8	14	and	and	CCONJ
arjefm-89	8	15	deposit	deposit	NOUN
arjefm-89	8	16	rates	rate	NOUN
arjefm-89	8	17	,	,	PUNCT
arjefm-89	8	18	with	with	ADP
arjefm-89	8	19	a	a	DET
arjefm-89	8	20	focus	focus	NOUN
arjefm-89	8	21	on	on	ADP
arjefm-89	8	22	the	the	DET
arjefm-89	8	23	interbank	interbank	NOUN
arjefm-89	8	24	market	market	NOUN
arjefm-89	8	25	.	.	PUNCT
arjefm-89	9	1	it	it	PRON
arjefm-89	9	2	assesses	assess	VERB
arjefm-89	9	3	the	the	DET
arjefm-89	9	4	extent	extent	NOUN
arjefm-89	9	5	to	to	PART
arjefm-89	9	6	which	which	PRON
arjefm-89	9	7	changes	change	NOUN
arjefm-89	9	8	in	in	ADP
arjefm-89	9	9	the	the	DET
arjefm-89	9	10	policy	policy	NOUN
arjefm-89	9	11	rate	rate	NOUN
arjefm-89	9	12	influence	influence	NOUN
arjefm-89	9	13	these	these	DET
arjefm-89	9	14	rates	rate	NOUN
arjefm-89	9	15	in	in	ADP
arjefm-89	9	16	the	the	DET
arjefm-89	9	17	short	short	ADJ
arjefm-89	9	18	term	term	NOUN
arjefm-89	9	19	.	.	PUNCT
arjefm-89	10	1	a	a	DET
arjefm-89	10	2	comprehensive	comprehensive	ADJ
arjefm-89	10	3	analysis	analysis	NOUN
arjefm-89	10	4	of	of	ADP
arjefm-89	10	5	interest	interest	NOUN
arjefm-89	10	6	rate	rate	NOUN
arjefm-89	10	7	pass	pass	NOUN
arjefm-89	10	8	-	-	PUNCT
arjefm-89	10	9	through	through	NOUN
arjefm-89	10	10	is	be	AUX
arjefm-89	10	11	essential	essential	ADJ
arjefm-89	10	12	for	for	ADP
arjefm-89	10	13	understanding	understand	VERB
arjefm-89	10	14	the	the	DET
arjefm-89	10	15	efficacy	efficacy	NOUN
arjefm-89	10	16	of	of	ADP
arjefm-89	10	17	nigeria	nigeria	PROPN
arjefm-89	10	18	's	's	PART
arjefm-89	10	19	monetary	monetary	ADJ
arjefm-89	10	20	policy	policy	NOUN
arjefm-89	10	21	in	in	ADP
arjefm-89	10	22	controlling	control	VERB
arjefm-89	10	23	inflation	inflation	NOUN
arjefm-89	10	24	,	,	PUNCT
arjefm-89	10	25	stimulating	stimulate	VERB
arjefm-89	10	26	economic	economic	ADJ
arjefm-89	10	27	growth	growth	NOUN
arjefm-89	10	28	,	,	PUNCT
arjefm-89	10	29	and	and	CCONJ
arjefm-89	10	30	maintaining	maintain	VERB
arjefm-89	10	31	financial	financial	ADJ
arjefm-89	10	32	stability	stability	NOUN
arjefm-89	10	33	.	.	PUNCT
arjefm-89	11	1	our	our	PRON
arjefm-89	11	2	findings	finding	NOUN
arjefm-89	11	3	contribute	contribute	VERB
arjefm-89	11	4	to	to	ADP
arjefm-89	11	5	the	the	DET
arjefm-89	11	6	ongoing	ongoing	ADJ
arjefm-89	11	7	discourse	discourse	NOUN
arjefm-89	11	8	on	on	ADP
arjefm-89	11	9	monetary	monetary	ADJ
arjefm-89	11	10	policy	policy	NOUN
arjefm-89	11	11	in	in	ADP
arjefm-89	11	12	nigeria	nigeria	PROPN
arjefm-89	11	13	,	,	PUNCT
arjefm-89	11	14	shedding	shed	VERB
arjefm-89	11	15	light	light	NOUN
arjefm-89	11	16	on	on	ADP
arjefm-89	11	17	the	the	DET
arjefm-89	11	18	interplay	interplay	NOUN
arjefm-89	11	19	between	between	ADP
arjefm-89	11	20	central	central	ADJ
arjefm-89	11	21	bank	bank	NOUN
arjefm-89	11	22	actions	action	NOUN
arjefm-89	11	23	and	and	CCONJ
arjefm-89	11	24	retail	retail	ADJ
arjefm-89	11	25	banking	banking	NOUN
arjefm-89	11	26	rates	rate	NOUN
arjefm-89	11	27	.	.	PUNCT
arjefm-89	12	1	understanding	understand	VERB
arjefm-89	12	2	interest	interest	NOUN
arjefm-89	12	3	rate	rate	NOUN
arjefm-89	12	4	passthrough	passthrough	NOUN
arjefm-89	12	5	is	be	AUX
arjefm-89	12	6	vital	vital	ADJ
arjefm-89	12	7	for	for	ADP
arjefm-89	12	8	policymakers	policymaker	NOUN
arjefm-89	12	9	and	and	CCONJ
arjefm-89	12	10	financial	financial	ADJ
arjefm-89	12	11	institutions	institution	NOUN
arjefm-89	12	12	seeking	seek	VERB
arjefm-89	12	13	to	to	PART
arjefm-89	12	14	navigate	navigate	VERB
arjefm-89	12	15	the	the	DET
arjefm-89	12	16	intricacies	intricacy	NOUN
arjefm-89	12	17	of	of	ADP
arjefm-89	12	18	monetary	monetary	ADJ
arjefm-89	12	19	policy	policy	NOUN
arjefm-89	12	20	and	and	CCONJ
arjefm-89	12	21	achieve	achieve	VERB
arjefm-89	12	22	macroeconomic	macroeconomic	ADJ
arjefm-89	12	23	stability	stability	NOUN
arjefm-89	12	24	.	.	PUNCT
arjefm-89	13	1	keywords	keyword	NOUN
arjefm-89	13	2	:	:	PUNCT
arjefm-89	13	3	interest	interest	NOUN
arjefm-89	13	4	rate	rate	NOUN
arjefm-89	13	5	pass	pass	NOUN
arjefm-89	13	6	-	-	PUNCT
arjefm-89	13	7	through	through	NOUN
arjefm-89	13	8	,	,	PUNCT
arjefm-89	13	9	monetary	monetary	ADJ
arjefm-89	13	10	policy	policy	NOUN
arjefm-89	13	11	,	,	PUNCT
arjefm-89	13	12	policy	policy	NOUN
arjefm-89	13	13	rate	rate	NOUN
arjefm-89	13	14	,	,	PUNCT
arjefm-89	13	15	retail	retail	ADJ
arjefm-89	13	16	bank	bank	NOUN
arjefm-89	13	17	rates	rate	NOUN
arjefm-89	13	18	,	,	PUNCT
arjefm-89	13	19	nigeria	nigeria	PRON
arjefm-89	13	20	,	,	PUNCT
arjefm-89	13	21	interbank	interbank	NOUN
arjefm-89	13	22	market	market	NOUN
arjefm-89	13	23	.	.	PUNCT
arjefm-89	14	1	1	1	X
arjefm-89	14	2	.	.	X
arjefm-89	14	3	introduction	introduction	NOUN
arjefm-89	14	4	interest	interest	NOUN
arjefm-89	14	5	rate	rate	NOUN
arjefm-89	14	6	pass	pass	NOUN
arjefm-89	14	7	-	-	PUNCT
arjefm-89	14	8	through	through	NOUN
arjefm-89	14	9	is	be	AUX
arjefm-89	14	10	a	a	DET
arjefm-89	14	11	description	description	NOUN
arjefm-89	14	12	of	of	ADP
arjefm-89	14	13	how	how	SCONJ
arjefm-89	14	14	the	the	DET
arjefm-89	14	15	retail	retail	ADJ
arjefm-89	14	16	bank	bank	NOUN
arjefm-89	14	17	lending	lending	NOUN
arjefm-89	14	18	and	and	CCONJ
arjefm-89	14	19	deposit	deposit	NOUN
arjefm-89	14	20	rates	rate	NOUN
arjefm-89	14	21	respond	respond	VERB
arjefm-89	14	22	to	to	ADP
arjefm-89	14	23	changes	change	NOUN
arjefm-89	14	24	in	in	ADP
arjefm-89	14	25	the	the	DET
arjefm-89	14	26	policy	policy	NOUN
arjefm-89	14	27	rate	rate	NOUN
arjefm-89	14	28	.	.	PUNCT
arjefm-89	15	1	monetary	monetary	ADJ
arjefm-89	15	2	policy	policy	NOUN
arjefm-89	15	3	is	be	AUX
arjefm-89	15	4	therefore	therefore	ADV
arjefm-89	15	5	completely	completely	ADV
arjefm-89	15	6	effective	effective	ADJ
arjefm-89	15	7	if	if	SCONJ
arjefm-89	15	8	the	the	DET
arjefm-89	15	9	retail	retail	ADJ
arjefm-89	15	10	and	and	CCONJ
arjefm-89	15	11	deposit	deposit	NOUN
arjefm-89	15	12	rates	rate	NOUN
arjefm-89	15	13	respond	respond	VERB
arjefm-89	15	14	and	and	CCONJ
arjefm-89	15	15	adjust	adjust	VERB
arjefm-89	15	16	completely	completely	ADV
arjefm-89	15	17	to	to	ADP
arjefm-89	15	18	changes	change	NOUN
arjefm-89	15	19	in	in	ADP
arjefm-89	15	20	the	the	DET
arjefm-89	15	21	policy	policy	NOUN
arjefm-89	15	22	rate	rate	NOUN
arjefm-89	15	23	within	within	ADP
arjefm-89	15	24	the	the	DET
arjefm-89	15	25	short	short	ADJ
arjefm-89	15	26	term	term	NOUN
arjefm-89	15	27	(	(	PUNCT
arjefm-89	15	28	ahmad	ahmad	PROPN
arjefm-89	15	29	,	,	PUNCT
arjefm-89	15	30	aziz	aziz	PROPN
arjefm-89	15	31	,	,	PUNCT
arjefm-89	15	32	and	and	CCONJ
arjefm-89	15	33	rummun	rummun	NOUN
arjefm-89	15	34	,	,	PUNCT
arjefm-89	15	35	2013	2013	NUM
arjefm-89	15	36	)	)	PUNCT
arjefm-89	15	37	.	.	PUNCT
arjefm-89	16	1	in	in	ADP
arjefm-89	16	2	december	december	PROPN
arjefm-89	16	3	2006	2006	NUM
arjefm-89	16	4	,	,	PUNCT
arjefm-89	16	5	the	the	DET
arjefm-89	16	6	central	central	ADJ
arjefm-89	16	7	bank	bank	PROPN
arjefm-89	16	8	of	of	ADP
arjefm-89	16	9	nigeria	nigeria	PROPN
arjefm-89	16	10	introduced	introduce	VERB
arjefm-89	16	11	a	a	DET
arjefm-89	16	12	new	new	ADJ
arjefm-89	16	13	monetary	monetary	ADJ
arjefm-89	16	14	policy	policy	NOUN
arjefm-89	16	15	framework	framework	NOUN
arjefm-89	16	16	by	by	ADP
arjefm-89	16	17	replacing	replace	VERB
arjefm-89	16	18	the	the	DET
arjefm-89	16	19	minimum	minimum	ADJ
arjefm-89	16	20	rediscount	rediscount	NOUN
arjefm-89	16	21	rate	rate	NOUN
arjefm-89	16	22	with	with	ADP
arjefm-89	16	23	the	the	DET
arjefm-89	16	24	monetary	monetary	ADJ
arjefm-89	16	25	policy	policy	NOUN
arjefm-89	16	26	rate	rate	NOUN
arjefm-89	16	27	.	.	PUNCT
arjefm-89	17	1	this	this	DET
arjefm-89	17	2	policy	policy	NOUN
arjefm-89	17	3	introduced	introduce	VERB
arjefm-89	17	4	an	an	DET
arjefm-89	17	5	asymmetric	asymmetric	ADJ
arjefm-89	17	6	corridor	corridor	NOUN
arjefm-89	17	7	around	around	ADP
arjefm-89	17	8	the	the	DET
arjefm-89	17	9	policy	policy	NOUN
arjefm-89	17	10	rate	rate	NOUN
arjefm-89	17	11	and	and	CCONJ
arjefm-89	17	12	there	there	PRON
arjefm-89	17	13	was	be	VERB
arjefm-89	17	14	a	a	DET
arjefm-89	17	15	shift	shift	NOUN
arjefm-89	17	16	in	in	ADP
arjefm-89	17	17	policy	policy	NOUN
arjefm-89	17	18	focus	focus	NOUN
arjefm-89	17	19	to	to	ADP
arjefm-89	17	20	targeting	target	VERB
arjefm-89	17	21	the	the	DET
arjefm-89	17	22	overnight	overnight	ADJ
arjefm-89	17	23	rate	rate	NOUN
arjefm-89	17	24	(	(	PUNCT
arjefm-89	17	25	mordi	mordi	NOUN
arjefm-89	17	26	and	and	CCONJ
arjefm-89	17	27	adebiyi	adebiyi	NOUN
arjefm-89	17	28	,	,	PUNCT
arjefm-89	17	29	2014	2014	NUM
arjefm-89	17	30	)	)	PUNCT
arjefm-89	17	31	.	.	PUNCT
arjefm-89	18	1	according	accord	VERB
arjefm-89	18	2	to	to	ADP
arjefm-89	18	3	ewerhart	ewerhart	NOUN
arjefm-89	18	4	,	,	PUNCT
arjefm-89	18	5	cassol	cassol	ADJ
arjefm-89	18	6	,	,	PUNCT
arjefm-89	18	7	ejerskov	ejerskov	ADJ
arjefm-89	18	8	,	,	PUNCT
arjefm-89	18	9	and	and	CCONJ
arjefm-89	18	10	valla	valla	X
arjefm-89	18	11	(	(	PUNCT
arjefm-89	18	12	2004	2004	NUM
arjefm-89	18	13	)	)	PUNCT
arjefm-89	18	14	,	,	PUNCT
arjefm-89	18	15	there	there	PRON
arjefm-89	18	16	is	be	VERB
arjefm-89	18	17	a	a	DET
arjefm-89	18	18	close	close	ADJ
arjefm-89	18	19	link	link	NOUN
arjefm-89	18	20	between	between	ADP
arjefm-89	18	21	the	the	DET
arjefm-89	18	22	interbank	interbank	NOUN
arjefm-89	18	23	rate	rate	NOUN
arjefm-89	18	24	and	and	CCONJ
arjefm-89	18	25	the	the	DET
arjefm-89	18	26	policy	policy	NOUN
arjefm-89	18	27	rate	rate	NOUN
arjefm-89	18	28	.	.	PUNCT
arjefm-89	19	1	this	this	PRON
arjefm-89	19	2	is	be	AUX
arjefm-89	19	3	because	because	SCONJ
arjefm-89	19	4	the	the	DET
arjefm-89	19	5	standing	stand	VERB
arjefm-89	19	6	deposit	deposit	NOUN
arjefm-89	19	7	and	and	CCONJ
arjefm-89	19	8	lending	lending	NOUN
arjefm-89	19	9	facilities	facility	NOUN
arjefm-89	19	10	of	of	ADP
arjefm-89	19	11	the	the	DET
arjefm-89	19	12	central	central	ADJ
arjefm-89	19	13	bank	bank	NOUN
arjefm-89	19	14	provide	provide	VERB
arjefm-89	19	15	an	an	DET
arjefm-89	19	16	alternative	alternative	ADJ
arjefm-89	19	17	source	source	NOUN
arjefm-89	19	18	of	of	ADP
arjefm-89	19	19	banking	banking	NOUN
arjefm-89	19	20	sector	sector	NOUN
arjefm-89	19	21	liquidity	liquidity	NOUN
arjefm-89	19	22	compared	compare	VERB
arjefm-89	19	23	to	to	ADP
arjefm-89	19	24	the	the	DET
arjefm-89	19	25	interbank	interbank	NOUN
arjefm-89	19	26	market	market	NOUN
arjefm-89	19	27	.	.	PUNCT
arjefm-89	20	1	therefore	therefore	ADV
arjefm-89	20	2	,	,	PUNCT
arjefm-89	20	3	the	the	DET
arjefm-89	20	4	interbank	interbank	NOUN
arjefm-89	20	5	rate	rate	NOUN
arjefm-89	20	6	is	be	AUX
arjefm-89	20	7	expected	expect	VERB
arjefm-89	20	8	to	to	PART
arjefm-89	20	9	move	move	VERB
arjefm-89	20	10	in	in	ADP
arjefm-89	20	11	tandem	tandem	NOUN
arjefm-89	20	12	with	with	ADP
arjefm-89	20	13	the	the	DET
arjefm-89	20	14	policy	policy	NOUN
arjefm-89	20	15	rate	rate	NOUN
arjefm-89	20	16	.	.	PUNCT
arjefm-89	21	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-89	21	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	22	1	american	american	PROPN
arjefm-89	22	2	research	research	PROPN
arjefm-89	22	3	journal	journal	PROPN
arjefm-89	22	4	of	of	ADP
arjefm-89	22	5	economics	economic	NOUN
arjefm-89	22	6	,	,	PUNCT
arjefm-89	22	7	finance	finance	NOUN
arjefm-89	22	8	and	and	CCONJ
arjefm-89	22	9	management	management	NOUN
arjefm-89	22	10	volume	volume	NOUN
arjefm-89	22	11	11	11	NUM
arjefm-89	22	12	issue	issue	NOUN
arjefm-89	22	13	3	3	NUM
arjefm-89	22	14	,	,	PUNCT
arjefm-89	22	15	july	july	PROPN
arjefm-89	22	16	-	-	PUNCT
arjefm-89	22	17	september	september	PROPN
arjefm-89	22	18	2023	2023	NUM
arjefm-89	22	19	issn	issn	PROPN
arjefm-89	22	20	:	:	PUNCT
arjefm-89	22	21	2836	2836	NUM
arjefm-89	22	22	-	-	SYM
arjefm-89	22	23	9416	9416	NUM
arjefm-89	22	24	impact	impact	NOUN
arjefm-89	22	25	factor	factor	NOUN
arjefm-89	22	26	:	:	PUNCT
arjefm-89	22	27	5.57	5.57	NUM
arjefm-89	22	28	journal	journal	NOUN
arjefm-89	22	29	homepage	homepage	NOUN
arjefm-89	22	30	:	:	PUNCT
arjefm-89	22	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	22	32	,	,	PUNCT
arjefm-89	22	33	email	email	NOUN
arjefm-89	22	34	:	:	PUNCT
arjefm-89	23	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	23	2	official	official	ADJ
arjefm-89	23	3	journal	journal	PROPN
arjefm-89	23	4	of	of	ADP
arjefm-89	23	5	america	america	PROPN
arjefm-89	23	6	serial	serial	PROPN
arjefm-89	23	7	publication	publication	NOUN
arjefm-89	23	8	american	american	PROPN
arjefm-89	23	9	research	research	PROPN
arjefm-89	23	10	journal	journal	PROPN
arjefm-89	23	11	of	of	ADP
arjefm-89	23	12	economics	economic	NOUN
arjefm-89	23	13	,	,	PUNCT
arjefm-89	23	14	finance	finance	NOUN
arjefm-89	23	15	and	and	CCONJ
arjefm-89	23	16	management	management	NOUN
arjefm-89	23	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	23	18	,	,	PUNCT
arjefm-89	23	19	email	email	NOUN
arjefm-89	23	20	:	:	PUNCT
arjefm-89	23	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	23	22	2	2	NUM
arjefm-89	24	1	|	|	ADV
arjefm-89	24	2	p	p	X
arjefm-89	24	3	a	a	DET
arjefm-89	24	4	g	g	NOUN
arjefm-89	24	5	e	e	ADP
arjefm-89	24	6	several	several	ADJ
arjefm-89	24	7	studies	study	NOUN
arjefm-89	24	8	in	in	ADP
arjefm-89	24	9	the	the	DET
arjefm-89	24	10	literature	literature	NOUN
arjefm-89	24	11	have	have	AUX
arjefm-89	24	12	examined	examine	VERB
arjefm-89	24	13	the	the	DET
arjefm-89	24	14	potential	potential	ADJ
arjefm-89	24	15	effectiveness	effectiveness	NOUN
arjefm-89	24	16	of	of	ADP
arjefm-89	24	17	interest	interest	NOUN
arjefm-89	24	18	rate	rate	NOUN
arjefm-89	24	19	pass	pass	NOUN
arjefm-89	24	20	-	-	PUNCT
arjefm-89	24	21	through	through	NOUN
arjefm-89	24	22	.	.	PUNCT
arjefm-89	25	1	some	some	PRON
arjefm-89	25	2	of	of	ADP
arjefm-89	25	3	these	these	DET
arjefm-89	25	4	studies	study	NOUN
arjefm-89	25	5	have	have	AUX
arjefm-89	25	6	found	find	VERB
arjefm-89	25	7	an	an	DET
arjefm-89	25	8	incomplete	incomplete	ADJ
arjefm-89	25	9	pass	pass	NOUN
arjefm-89	25	10	-	-	PUNCT
arjefm-89	25	11	through	through	NOUN
arjefm-89	25	12	(	(	PUNCT
arjefm-89	25	13	binning	binning	NOUN
arjefm-89	25	14	,	,	PUNCT
arjefm-89	25	15	bjornland	bjornland	NOUN
arjefm-89	25	16	and	and	CCONJ
arjefm-89	25	17	maih	maih	NOUN
arjefm-89	25	18	,	,	PUNCT
arjefm-89	25	19	2017	2017	NUM
arjefm-89	25	20	,	,	PUNCT
arjefm-89	25	21	2019	2019	NUM
arjefm-89	25	22	;	;	PUNCT
arjefm-89	25	23	mahmood	mahmood	PROPN
arjefm-89	25	24	,	,	PUNCT
arjefm-89	25	25	2018	2018	NUM
arjefm-89	25	26	;	;	PUNCT
arjefm-89	25	27	sanusi	sanusi	NOUN
arjefm-89	25	28	,	,	PUNCT
arjefm-89	25	29	2010	2010	NUM
arjefm-89	25	30	)	)	PUNCT
arjefm-89	25	31	,	,	PUNCT
arjefm-89	25	32	while	while	SCONJ
arjefm-89	25	33	some	some	PRON
arjefm-89	25	34	have	have	AUX
arjefm-89	25	35	found	find	VERB
arjefm-89	25	36	a	a	DET
arjefm-89	25	37	complete	complete	ADJ
arjefm-89	25	38	pass	pass	VERB
arjefm-89	25	39	-	-	PUNCT
arjefm-89	25	40	through	through	NOUN
arjefm-89	25	41	(	(	PUNCT
arjefm-89	25	42	grigoli	grigoli	NOUN
arjefm-89	25	43	and	and	CCONJ
arjefm-89	25	44	mota	mota	NOUN
arjefm-89	25	45	,	,	PUNCT
arjefm-89	25	46	2017	2017	NUM
arjefm-89	25	47	;	;	PUNCT
arjefm-89	25	48	mbowe	mbowe	NOUN
arjefm-89	25	49	,	,	PUNCT
arjefm-89	25	50	2015	2015	NUM
arjefm-89	25	51	)	)	PUNCT
arjefm-89	25	52	,	,	PUNCT
arjefm-89	25	53	and	and	CCONJ
arjefm-89	25	54	the	the	DET
arjefm-89	25	55	rest	rest	NOUN
arjefm-89	25	56	had	have	VERB
arjefm-89	25	57	mixed	mixed	ADJ
arjefm-89	25	58	results	result	NOUN
arjefm-89	25	59	(	(	PUNCT
arjefm-89	25	60	ahmad	ahmad	PROPN
arjefm-89	25	61	,	,	PUNCT
arjefm-89	25	62	aziz	aziz	PROPN
arjefm-89	25	63	,	,	PUNCT
arjefm-89	25	64	and	and	CCONJ
arjefm-89	25	65	rummun	rummun	NOUN
arjefm-89	25	66	,	,	PUNCT
arjefm-89	25	67	2013	2013	NUM
arjefm-89	25	68	;	;	PUNCT
arjefm-89	25	69	belke	belke	NOUN
arjefm-89	25	70	,	,	PUNCT
arjefm-89	25	71	beckmann	beckmann	PROPN
arjefm-89	25	72	and	and	CCONJ
arjefm-89	25	73	verheyen	verheyen	NOUN
arjefm-89	25	74	,	,	PUNCT
arjefm-89	25	75	2012	2012	NUM
arjefm-89	25	76	)	)	PUNCT
arjefm-89	25	77	.	.	PUNCT
arjefm-89	26	1	the	the	DET
arjefm-89	26	2	reasons	reason	NOUN
arjefm-89	26	3	for	for	ADP
arjefm-89	26	4	an	an	DET
arjefm-89	26	5	incomplete	incomplete	ADJ
arjefm-89	26	6	pass	pass	NOUN
arjefm-89	26	7	-	-	PUNCT
arjefm-89	26	8	through	through	ADP
arjefm-89	26	9	according	accord	VERB
arjefm-89	26	10	to	to	ADP
arjefm-89	26	11	the	the	DET
arjefm-89	26	12	literature	literature	NOUN
arjefm-89	26	13	(	(	PUNCT
arjefm-89	26	14	that	that	ADV
arjefm-89	26	15	is	is	ADV
arjefm-89	26	16	,	,	PUNCT
arjefm-89	26	17	the	the	DET
arjefm-89	26	18	demand	demand	NOUN
arjefm-89	26	19	elasticity	elasticity	NOUN
arjefm-89	26	20	of	of	ADP
arjefm-89	26	21	deposits	deposit	NOUN
arjefm-89	26	22	and	and	CCONJ
arjefm-89	26	23	loans	loan	NOUN
arjefm-89	26	24	being	be	AUX
arjefm-89	26	25	less	less	ADJ
arjefm-89	26	26	than	than	ADP
arjefm-89	26	27	one	one	NUM
arjefm-89	26	28	)	)	PUNCT
arjefm-89	26	29	can	can	AUX
arjefm-89	26	30	be	be	AUX
arjefm-89	26	31	linked	link	VERB
arjefm-89	26	32	to	to	ADP
arjefm-89	26	33	alternative	alternative	ADJ
arjefm-89	26	34	sources	source	NOUN
arjefm-89	26	35	of	of	ADP
arjefm-89	26	36	financing	financing	NOUN
arjefm-89	26	37	and	and	CCONJ
arjefm-89	26	38	investments	investment	NOUN
arjefm-89	26	39	such	such	ADJ
arjefm-89	26	40	as	as	ADP
arjefm-89	26	41	investment	investment	NOUN
arjefm-89	26	42	in	in	ADP
arjefm-89	26	43	government	government	NOUN
arjefm-89	26	44	securities	security	NOUN
arjefm-89	26	45	(	(	PUNCT
arjefm-89	26	46	treasury	treasury	NOUN
arjefm-89	26	47	bills	bill	NOUN
arjefm-89	26	48	and	and	CCONJ
arjefm-89	26	49	bonds	bond	NOUN
arjefm-89	26	50	)	)	PUNCT
arjefm-89	26	51	of	of	ADP
arjefm-89	26	52	similar	similar	ADJ
arjefm-89	26	53	maturities	maturity	NOUN
arjefm-89	26	54	or	or	CCONJ
arjefm-89	26	55	equity	equity	NOUN
arjefm-89	26	56	financing	financing	NOUN
arjefm-89	26	57	(	(	PUNCT
arjefm-89	26	58	bangura	bangura	NOUN
arjefm-89	26	59	,	,	PUNCT
arjefm-89	26	60	2011	2011	NUM
arjefm-89	26	61	;	;	PUNCT
arjefm-89	26	62	lerskullawat	lerskullawat	PROPN
arjefm-89	26	63	,	,	PUNCT
arjefm-89	26	64	2014	2014	NUM
arjefm-89	26	65	)	)	PUNCT
arjefm-89	26	66	.	.	PUNCT
arjefm-89	27	1	other	other	ADJ
arjefm-89	27	2	reasons	reason	NOUN
arjefm-89	27	3	may	may	AUX
arjefm-89	27	4	include	include	VERB
arjefm-89	27	5	the	the	DET
arjefm-89	27	6	role	role	NOUN
arjefm-89	27	7	of	of	ADP
arjefm-89	27	8	asymmetries	asymmetry	NOUN
arjefm-89	27	9	,	,	PUNCT
arjefm-89	27	10	a	a	DET
arjefm-89	27	11	high	high	ADJ
arjefm-89	27	12	cost	cost	NOUN
arjefm-89	27	13	of	of	ADP
arjefm-89	27	14	changing	change	VERB
arjefm-89	27	15	banks	bank	NOUN
arjefm-89	27	16	(	(	PUNCT
arjefm-89	27	17	switching	switch	VERB
arjefm-89	27	18	costs	cost	NOUN
arjefm-89	27	19	)	)	PUNCT
arjefm-89	27	20	,	,	PUNCT
arjefm-89	27	21	and	and	CCONJ
arjefm-89	27	22	a	a	DET
arjefm-89	27	23	highly	highly	ADV
arjefm-89	27	24	concentrated	concentrated	ADJ
arjefm-89	27	25	banking	banking	NOUN
arjefm-89	27	26	system	system	NOUN
arjefm-89	27	27	(	(	PUNCT
arjefm-89	27	28	de	de	X
arjefm-89	27	29	bondt	bondt	PROPN
arjefm-89	27	30	,	,	PUNCT
arjefm-89	27	31	2002	2002	NUM
arjefm-89	27	32	,	,	PUNCT
arjefm-89	27	33	2005	2005	NUM
arjefm-89	27	34	)	)	PUNCT
arjefm-89	27	35	.	.	PUNCT
arjefm-89	28	1	the	the	DET
arjefm-89	28	2	monetary	monetary	ADJ
arjefm-89	28	3	authorities	authority	NOUN
arjefm-89	28	4	in	in	ADP
arjefm-89	28	5	nigeria	nigeria	PROPN
arjefm-89	28	6	have	have	AUX
arjefm-89	28	7	been	be	AUX
arjefm-89	28	8	using	use	VERB
arjefm-89	28	9	interest	interest	NOUN
arjefm-89	28	10	rates	rate	NOUN
arjefm-89	28	11	as	as	ADP
arjefm-89	28	12	its	its	PRON
arjefm-89	28	13	main	main	ADJ
arjefm-89	28	14	policy	policy	NOUN
arjefm-89	28	15	anchor	anchor	NOUN
arjefm-89	28	16	in	in	ADP
arjefm-89	28	17	line	line	NOUN
arjefm-89	28	18	with	with	ADP
arjefm-89	28	19	an	an	DET
arjefm-89	28	20	inflationtargeting	inflationtargete	VERB
arjefm-89	28	21	framework	framework	NOUN
arjefm-89	28	22	,	,	PUNCT
arjefm-89	28	23	but	but	CCONJ
arjefm-89	28	24	the	the	DET
arjefm-89	28	25	few	few	ADJ
arjefm-89	28	26	studies	study	NOUN
arjefm-89	28	27	to	to	PART
arjefm-89	28	28	consider	consider	VERB
arjefm-89	28	29	the	the	DET
arjefm-89	28	30	extent	extent	NOUN
arjefm-89	28	31	and	and	CCONJ
arjefm-89	28	32	effectiveness	effectiveness	NOUN
arjefm-89	28	33	of	of	ADP
arjefm-89	28	34	interest	interest	NOUN
arjefm-89	28	35	rate	rate	NOUN
arjefm-89	28	36	pass	pass	NOUN
arjefm-89	28	37	-	-	PUNCT
arjefm-89	28	38	through	through	NOUN
arjefm-89	28	39	in	in	ADP
arjefm-89	28	40	nigeria	nigeria	PROPN
arjefm-89	28	41	have	have	AUX
arjefm-89	28	42	focused	focus	VERB
arjefm-89	28	43	on	on	ADP
arjefm-89	28	44	shorter	short	ADJ
arjefm-89	28	45	periods	period	NOUN
arjefm-89	28	46	(	(	PUNCT
arjefm-89	28	47	sanusi	sanusi	NOUN
arjefm-89	28	48	,	,	PUNCT
arjefm-89	28	49	2010	2010	NUM
arjefm-89	28	50	)	)	PUNCT
arjefm-89	28	51	,	,	PUNCT
arjefm-89	28	52	or	or	CCONJ
arjefm-89	28	53	using	use	VERB
arjefm-89	28	54	annual	annual	ADJ
arjefm-89	28	55	data	datum	NOUN
arjefm-89	28	56	in	in	ADP
arjefm-89	28	57	computing	compute	VERB
arjefm-89	28	58	the	the	DET
arjefm-89	28	59	pass	pass	NOUN
arjefm-89	28	60	-	-	PUNCT
arjefm-89	28	61	through	through	NOUN
arjefm-89	28	62	(	(	PUNCT
arjefm-89	28	63	ogundipe	ogundipe	NOUN
arjefm-89	28	64	and	and	CCONJ
arjefm-89	28	65	alege	alege	NOUN
arjefm-89	28	66	,	,	PUNCT
arjefm-89	28	67	2013	2013	NUM
arjefm-89	28	68	)	)	PUNCT
arjefm-89	28	69	,	,	PUNCT
arjefm-89	28	70	or	or	CCONJ
arjefm-89	28	71	a	a	DET
arjefm-89	28	72	comparative	comparative	ADJ
arjefm-89	28	73	analysis	analysis	NOUN
arjefm-89	28	74	(	(	PUNCT
arjefm-89	28	75	fomum	fomum	NOUN
arjefm-89	28	76	,	,	PUNCT
arjefm-89	28	77	2011	2011	NUM
arjefm-89	28	78	)	)	PUNCT
arjefm-89	28	79	.	.	PUNCT
arjefm-89	29	1	however	however	ADV
arjefm-89	29	2	,	,	PUNCT
arjefm-89	29	3	a	a	DET
arjefm-89	29	4	recent	recent	ADJ
arjefm-89	29	5	study	study	NOUN
arjefm-89	29	6	to	to	PART
arjefm-89	29	7	consider	consider	VERB
arjefm-89	29	8	interest	interest	NOUN
arjefm-89	29	9	rate	rate	NOUN
arjefm-89	29	10	pass	pass	VERB
arjefm-89	29	11	-	-	PUNCT
arjefm-89	29	12	through	through	NOUN
arjefm-89	29	13	in	in	ADP
arjefm-89	29	14	nigeria	nigeria	PROPN
arjefm-89	29	15	focused	focus	VERB
arjefm-89	29	16	on	on	ADP
arjefm-89	29	17	the	the	DET
arjefm-89	29	18	pass	pass	NOUN
arjefm-89	29	19	-	-	PUNCT
arjefm-89	29	20	through	through	NOUN
arjefm-89	29	21	from	from	ADP
arjefm-89	29	22	the	the	DET
arjefm-89	29	23	policy	policy	NOUN
arjefm-89	29	24	to	to	ADP
arjefm-89	29	25	the	the	DET
arjefm-89	29	26	retail	retail	ADJ
arjefm-89	29	27	rates	rate	NOUN
arjefm-89	29	28	using	use	VERB
arjefm-89	29	29	a	a	DET
arjefm-89	29	30	structural	structural	ADJ
arjefm-89	29	31	break	break	NOUN
arjefm-89	29	32	approach	approach	NOUN
arjefm-89	29	33	(	(	PUNCT
arjefm-89	29	34	mordi	mordi	NOUN
arjefm-89	29	35	,	,	PUNCT
arjefm-89	29	36	adebiyi	adebiyi	NOUN
arjefm-89	29	37	,	,	PUNCT
arjefm-89	29	38	and	and	CCONJ
arjefm-89	29	39	omotosho	omotosho	NOUN
arjefm-89	29	40	,	,	PUNCT
arjefm-89	29	41	2019	2019	NUM
arjefm-89	29	42	)	)	PUNCT
arjefm-89	29	43	.	.	PUNCT
arjefm-89	30	1	in	in	ADP
arjefm-89	30	2	light	light	NOUN
arjefm-89	30	3	of	of	ADP
arjefm-89	30	4	the	the	DET
arjefm-89	30	5	above	above	ADJ
arjefm-89	30	6	,	,	PUNCT
arjefm-89	30	7	this	this	DET
arjefm-89	30	8	study	study	NOUN
arjefm-89	30	9	extends	extend	VERB
arjefm-89	30	10	the	the	DET
arjefm-89	30	11	literature	literature	NOUN
arjefm-89	30	12	in	in	ADP
arjefm-89	30	13	four	four	NUM
arjefm-89	30	14	main	main	ADJ
arjefm-89	30	15	areas	area	NOUN
arjefm-89	30	16	.	.	PUNCT
arjefm-89	31	1	first	first	ADV
arjefm-89	31	2	,	,	PUNCT
arjefm-89	31	3	the	the	DET
arjefm-89	31	4	study	study	NOUN
arjefm-89	31	5	examined	examine	VERB
arjefm-89	31	6	the	the	DET
arjefm-89	31	7	effectiveness	effectiveness	NOUN
arjefm-89	31	8	of	of	ADP
arjefm-89	31	9	the	the	DET
arjefm-89	31	10	policy	policy	NOUN
arjefm-89	31	11	rate	rate	NOUN
arjefm-89	31	12	on	on	ADP
arjefm-89	31	13	the	the	DET
arjefm-89	31	14	interbank	interbank	NOUN
arjefm-89	31	15	(	(	PUNCT
arjefm-89	31	16	money	money	NOUN
arjefm-89	31	17	market	market	NOUN
arjefm-89	31	18	)	)	PUNCT
arjefm-89	31	19	and	and	CCONJ
arjefm-89	31	20	retail	retail	ADJ
arjefm-89	31	21	lending	lending	NOUN
arjefm-89	31	22	and	and	CCONJ
arjefm-89	31	23	deposit	deposit	NOUN
arjefm-89	31	24	rates	rate	NOUN
arjefm-89	31	25	,	,	PUNCT
arjefm-89	31	26	and	and	CCONJ
arjefm-89	31	27	the	the	DET
arjefm-89	31	28	effectiveness	effectiveness	NOUN
arjefm-89	31	29	of	of	ADP
arjefm-89	31	30	the	the	DET
arjefm-89	31	31	interbank	interbank	NOUN
arjefm-89	31	32	rate	rate	NOUN
arjefm-89	31	33	on	on	ADP
arjefm-89	31	34	the	the	DET
arjefm-89	31	35	retail	retail	ADJ
arjefm-89	31	36	lending	lending	NOUN
arjefm-89	31	37	and	and	CCONJ
arjefm-89	31	38	deposit	deposit	NOUN
arjefm-89	31	39	rates	rate	NOUN
arjefm-89	31	40	since	since	SCONJ
arjefm-89	31	41	the	the	DET
arjefm-89	31	42	adoption	adoption	NOUN
arjefm-89	31	43	of	of	ADP
arjefm-89	31	44	the	the	DET
arjefm-89	31	45	monetary	monetary	ADJ
arjefm-89	31	46	policy	policy	NOUN
arjefm-89	31	47	rate	rate	NOUN
arjefm-89	31	48	as	as	ADP
arjefm-89	31	49	the	the	DET
arjefm-89	31	50	policy	policy	NOUN
arjefm-89	31	51	anchor	anchor	NOUN
arjefm-89	31	52	.	.	PUNCT
arjefm-89	32	1	second	second	ADV
arjefm-89	32	2	,	,	PUNCT
arjefm-89	32	3	the	the	DET
arjefm-89	32	4	study	study	NOUN
arjefm-89	32	5	considered	consider	VERB
arjefm-89	32	6	the	the	DET
arjefm-89	32	7	role	role	NOUN
arjefm-89	32	8	of	of	ADP
arjefm-89	32	9	asymmetries	asymmetry	NOUN
arjefm-89	32	10	in	in	ADP
arjefm-89	32	11	computing	compute	VERB
arjefm-89	32	12	the	the	DET
arjefm-89	32	13	time	time	NOUN
arjefm-89	32	14	taken	take	VERB
arjefm-89	32	15	for	for	ADP
arjefm-89	32	16	a	a	DET
arjefm-89	32	17	change	change	NOUN
arjefm-89	32	18	in	in	ADP
arjefm-89	32	19	a	a	DET
arjefm-89	32	20	central	central	ADJ
arjefm-89	32	21	bank	bank	NOUN
arjefm-89	32	22	’s	’s	PART
arjefm-89	32	23	interest	interest	NOUN
arjefm-89	32	24	rate	rate	NOUN
arjefm-89	32	25	to	to	PART
arjefm-89	32	26	fully	fully	ADV
arjefm-89	32	27	reflect	reflect	VERB
arjefm-89	32	28	on	on	ADP
arjefm-89	32	29	the	the	DET
arjefm-89	32	30	interbank	interbank	NOUN
arjefm-89	32	31	,	,	PUNCT
arjefm-89	32	32	retail	retail	ADJ
arjefm-89	32	33	deposit	deposit	NOUN
arjefm-89	32	34	,	,	PUNCT
arjefm-89	32	35	and	and	CCONJ
arjefm-89	32	36	lending	lending	NOUN
arjefm-89	32	37	rates	rate	NOUN
arjefm-89	32	38	.	.	PUNCT
arjefm-89	33	1	third	third	ADV
arjefm-89	33	2	,	,	PUNCT
arjefm-89	33	3	the	the	DET
arjefm-89	33	4	study	study	NOUN
arjefm-89	33	5	considered	consider	VERB
arjefm-89	33	6	the	the	DET
arjefm-89	33	7	short	short	ADJ
arjefm-89	33	8	and	and	CCONJ
arjefm-89	33	9	long	long	ADV
arjefm-89	33	10	-	-	PUNCT
arjefm-89	33	11	run	run	VERB
arjefm-89	33	12	dynamic	dynamic	ADJ
arjefm-89	33	13	adjustment	adjustment	NOUN
arjefm-89	33	14	of	of	ADP
arjefm-89	33	15	two	two	NUM
arjefm-89	33	16	interbank	interbank	NOUN
arjefm-89	33	17	rates	rate	NOUN
arjefm-89	33	18	and	and	CCONJ
arjefm-89	33	19	seven	seven	NUM
arjefm-89	33	20	retail	retail	ADJ
arjefm-89	33	21	rates	rate	NOUN
arjefm-89	33	22	,	,	PUNCT
arjefm-89	33	23	extending	extend	VERB
arjefm-89	33	24	the	the	DET
arjefm-89	33	25	number	number	NOUN
arjefm-89	33	26	of	of	ADP
arjefm-89	33	27	rates	rate	NOUN
arjefm-89	33	28	covered	cover	VERB
arjefm-89	33	29	in	in	ADP
arjefm-89	33	30	previous	previous	ADJ
arjefm-89	33	31	studies	study	NOUN
arjefm-89	33	32	.	.	PUNCT
arjefm-89	34	1	finally	finally	ADV
arjefm-89	34	2	,	,	PUNCT
arjefm-89	34	3	the	the	DET
arjefm-89	34	4	study	study	NOUN
arjefm-89	34	5	using	use	VERB
arjefm-89	34	6	monthly	monthly	ADJ
arjefm-89	34	7	data	datum	NOUN
arjefm-89	34	8	,	,	PUNCT
arjefm-89	34	9	adopted	adopt	VERB
arjefm-89	34	10	an	an	DET
arjefm-89	34	11	up	up	ADP
arjefm-89	34	12	-	-	PUNCT
arjefm-89	34	13	to	to	ADP
arjefm-89	34	14	-	-	PUNCT
arjefm-89	34	15	date	date	NOUN
arjefm-89	34	16	time	time	NOUN
arjefm-89	34	17	frame	frame	NOUN
arjefm-89	34	18	compared	compare	VERB
arjefm-89	34	19	to	to	ADP
arjefm-89	34	20	previous	previous	ADJ
arjefm-89	34	21	studies	study	NOUN
arjefm-89	34	22	(	(	PUNCT
arjefm-89	34	23	sanusi	sanusi	NOUN
arjefm-89	34	24	,	,	PUNCT
arjefm-89	34	25	2010	2010	NUM
arjefm-89	34	26	;	;	PUNCT
arjefm-89	34	27	fomum	fomum	NOUN
arjefm-89	34	28	,	,	PUNCT
arjefm-89	34	29	2011	2011	NUM
arjefm-89	34	30	;	;	PUNCT
arjefm-89	34	31	ogundipe	ogundipe	NOUN
arjefm-89	34	32	and	and	CCONJ
arjefm-89	34	33	alege	alege	NOUN
arjefm-89	34	34	,	,	PUNCT
arjefm-89	34	35	2013	2013	NUM
arjefm-89	34	36	)	)	PUNCT
arjefm-89	34	37	to	to	PART
arjefm-89	34	38	capture	capture	VERB
arjefm-89	34	39	recent	recent	ADJ
arjefm-89	34	40	events	event	NOUN
arjefm-89	34	41	in	in	ADP
arjefm-89	34	42	the	the	DET
arjefm-89	34	43	economy	economy	NOUN
arjefm-89	34	44	,	,	PUNCT
arjefm-89	34	45	such	such	ADJ
arjefm-89	34	46	as	as	ADP
arjefm-89	34	47	the	the	DET
arjefm-89	34	48	2007	2007	NUM
arjefm-89	34	49	capital	capital	NOUN
arjefm-89	34	50	market	market	NOUN
arjefm-89	34	51	splurge	splurge	NOUN
arjefm-89	34	52	,	,	PUNCT
arjefm-89	34	53	the	the	DET
arjefm-89	34	54	2008	2008	NUM
arjefm-89	34	55	financial	financial	ADJ
arjefm-89	34	56	crises	crisis	NOUN
arjefm-89	34	57	,	,	PUNCT
arjefm-89	34	58	the	the	DET
arjefm-89	34	59	periods	period	NOUN
arjefm-89	34	60	of	of	ADP
arjefm-89	34	61	fallen	fall	VERB
arjefm-89	34	62	crude	crude	ADJ
arjefm-89	34	63	oil	oil	NOUN
arjefm-89	34	64	prices	price	NOUN
arjefm-89	34	65	and	and	CCONJ
arjefm-89	34	66	the	the	DET
arjefm-89	34	67	periods	period	NOUN
arjefm-89	34	68	of	of	ADP
arjefm-89	34	69	recession	recession	NOUN
arjefm-89	34	70	and	and	CCONJ
arjefm-89	34	71	post	post	NOUN
arjefm-89	34	72	-	-	NOUN
arjefm-89	34	73	recession	recession	NOUN
arjefm-89	34	74	.	.	PUNCT
arjefm-89	35	1	the	the	DET
arjefm-89	35	2	aim	aim	NOUN
arjefm-89	35	3	was	be	AUX
arjefm-89	35	4	to	to	PART
arjefm-89	35	5	examine	examine	VERB
arjefm-89	35	6	the	the	DET
arjefm-89	35	7	effectiveness	effectiveness	NOUN
arjefm-89	35	8	of	of	ADP
arjefm-89	35	9	interest	interest	NOUN
arjefm-89	35	10	rate	rate	NOUN
arjefm-89	35	11	pass	pass	NOUN
arjefm-89	35	12	-	-	PUNCT
arjefm-89	35	13	through	through	NOUN
arjefm-89	35	14	in	in	ADP
arjefm-89	35	15	nigeria	nigeria	PROPN
arjefm-89	35	16	since	since	SCONJ
arjefm-89	35	17	the	the	DET
arjefm-89	35	18	monetary	monetary	ADJ
arjefm-89	35	19	policy	policy	NOUN
arjefm-89	35	20	rate	rate	NOUN
arjefm-89	35	21	was	be	AUX
arjefm-89	35	22	introduced	introduce	VERB
arjefm-89	35	23	.	.	PUNCT
arjefm-89	36	1	an	an	DET
arjefm-89	36	2	important	important	ADJ
arjefm-89	36	3	reason	reason	NOUN
arjefm-89	36	4	for	for	ADP
arjefm-89	36	5	observing	observe	VERB
arjefm-89	36	6	the	the	DET
arjefm-89	36	7	effectiveness	effectiveness	NOUN
arjefm-89	36	8	of	of	ADP
arjefm-89	36	9	interest	interest	NOUN
arjefm-89	36	10	rate	rate	NOUN
arjefm-89	36	11	pass	pass	NOUN
arjefm-89	36	12	-	-	PUNCT
arjefm-89	36	13	through	through	NOUN
arjefm-89	36	14	is	be	AUX
arjefm-89	36	15	because	because	SCONJ
arjefm-89	36	16	if	if	SCONJ
arjefm-89	36	17	retail	retail	ADJ
arjefm-89	36	18	and	and	CCONJ
arjefm-89	36	19	money	money	NOUN
arjefm-89	36	20	market	market	NOUN
arjefm-89	36	21	rates	rate	NOUN
arjefm-89	36	22	are	be	AUX
arjefm-89	36	23	perfectly	perfectly	ADV
arjefm-89	36	24	responsive	responsive	ADJ
arjefm-89	36	25	to	to	ADP
arjefm-89	36	26	the	the	DET
arjefm-89	36	27	policy	policy	NOUN
arjefm-89	36	28	rate	rate	NOUN
arjefm-89	36	29	,	,	PUNCT
arjefm-89	36	30	the	the	DET
arjefm-89	36	31	economy	economy	NOUN
arjefm-89	36	32	may	may	AUX
arjefm-89	36	33	be	be	AUX
arjefm-89	36	34	able	able	ADJ
arjefm-89	36	35	to	to	PART
arjefm-89	36	36	achieve	achieve	VERB
arjefm-89	36	37	its	its	PRON
arjefm-89	36	38	full	full	ADJ
arjefm-89	36	39	potential	potential	NOUN
arjefm-89	36	40	.	.	PUNCT
arjefm-89	37	1	however	however	ADV
arjefm-89	37	2	,	,	PUNCT
arjefm-89	37	3	an	an	DET
arjefm-89	37	4	incomplete	incomplete	ADJ
arjefm-89	37	5	pass	pass	NOUN
arjefm-89	37	6	-	-	PUNCT
arjefm-89	37	7	through	through	NOUN
arjefm-89	37	8	may	may	AUX
arjefm-89	37	9	lead	lead	VERB
arjefm-89	37	10	to	to	ADP
arjefm-89	37	11	failure	failure	NOUN
arjefm-89	37	12	on	on	ADP
arjefm-89	37	13	the	the	DET
arjefm-89	37	14	part	part	NOUN
arjefm-89	37	15	of	of	ADP
arjefm-89	37	16	the	the	DET
arjefm-89	37	17	monetary	monetary	ADJ
arjefm-89	37	18	authorities	authority	NOUN
arjefm-89	37	19	to	to	PART
arjefm-89	37	20	stabilize	stabilize	VERB
arjefm-89	37	21	shocks	shock	NOUN
arjefm-89	37	22	within	within	ADP
arjefm-89	37	23	an	an	DET
arjefm-89	37	24	economy	economy	NOUN
arjefm-89	37	25	(	(	PUNCT
arjefm-89	37	26	tai	tai	PROPN
arjefm-89	37	27	,	,	PUNCT
arjefm-89	37	28	sek	sek	PROPN
arjefm-89	37	29	,	,	PUNCT
arjefm-89	37	30	and	and	CCONJ
arjefm-89	37	31	har	har	NOUN
arjefm-89	37	32	,	,	PUNCT
arjefm-89	37	33	2012	2012	NUM
arjefm-89	37	34	)	)	PUNCT
arjefm-89	37	35	.	.	PUNCT
arjefm-89	38	1	therefore	therefore	ADV
arjefm-89	38	2	,	,	PUNCT
arjefm-89	38	3	the	the	DET
arjefm-89	38	4	magnitude	magnitude	NOUN
arjefm-89	38	5	and	and	CCONJ
arjefm-89	38	6	speed	speed	NOUN
arjefm-89	38	7	of	of	ADP
arjefm-89	38	8	these	these	DET
arjefm-89	38	9	adjustments	adjustment	NOUN
arjefm-89	38	10	will	will	AUX
arjefm-89	38	11	determine	determine	VERB
arjefm-89	38	12	whether	whether	SCONJ
arjefm-89	38	13	the	the	DET
arjefm-89	38	14	monetary	monetary	ADJ
arjefm-89	38	15	authorities	authority	NOUN
arjefm-89	38	16	’	’	PART
arjefm-89	38	17	interest	interest	NOUN
arjefm-89	38	18	rate	rate	NOUN
arjefm-89	38	19	policies	policy	NOUN
arjefm-89	38	20	have	have	AUX
arjefm-89	38	21	been	be	AUX
arjefm-89	38	22	effective	effective	ADJ
arjefm-89	38	23	or	or	CCONJ
arjefm-89	38	24	not	not	PART
arjefm-89	38	25	since	since	SCONJ
arjefm-89	38	26	an	an	DET
arjefm-89	38	27	effective	effective	ADJ
arjefm-89	38	28	pass	pass	NOUN
arjefm-89	38	29	-	-	PUNCT
arjefm-89	38	30	through	through	NOUN
arjefm-89	38	31	is	be	AUX
arjefm-89	38	32	required	require	VERB
arjefm-89	38	33	for	for	ADP
arjefm-89	38	34	effective	effective	ADJ
arjefm-89	38	35	economic	economic	ADJ
arjefm-89	38	36	stabilization	stabilization	NOUN
arjefm-89	38	37	and	and	CCONJ
arjefm-89	38	38	inflation	inflation	NOUN
arjefm-89	38	39	control	control	NOUN
arjefm-89	38	40	under	under	ADP
arjefm-89	38	41	an	an	DET
arjefm-89	38	42	inflation	inflation	NOUN
arjefm-89	38	43	targeting	target	VERB
arjefm-89	38	44	strategy	strategy	NOUN
arjefm-89	38	45	.	.	PUNCT
arjefm-89	39	1	2	2	X
arjefm-89	39	2	.	.	X
arjefm-89	39	3	literature	literature	NOUN
arjefm-89	39	4	review	review	VERB
arjefm-89	39	5	this	this	DET
arjefm-89	39	6	paper	paper	NOUN
arjefm-89	39	7	briefly	briefly	ADV
arjefm-89	39	8	discussed	discuss	VERB
arjefm-89	39	9	what	what	PRON
arjefm-89	39	10	previous	previous	ADJ
arjefm-89	39	11	authors	author	NOUN
arjefm-89	39	12	have	have	AUX
arjefm-89	39	13	done	do	VERB
arjefm-89	39	14	regarding	regard	VERB
arjefm-89	39	15	the	the	DET
arjefm-89	39	16	topic	topic	NOUN
arjefm-89	39	17	.	.	PUNCT
arjefm-89	40	1	the	the	DET
arjefm-89	40	2	review	review	NOUN
arjefm-89	40	3	starts	start	VERB
arjefm-89	40	4	with	with	ADP
arjefm-89	40	5	liu	liu	PROPN
arjefm-89	40	6	(	(	PUNCT
arjefm-89	40	7	2019	2019	NUM
arjefm-89	40	8	)	)	PUNCT
arjefm-89	40	9	whose	whose	DET
arjefm-89	40	10	study	study	NOUN
arjefm-89	40	11	examined	examine	VERB
arjefm-89	40	12	interest	interest	NOUN
arjefm-89	40	13	rate	rate	NOUN
arjefm-89	40	14	pass	pass	NOUN
arjefm-89	40	15	-	-	PUNCT
arjefm-89	40	16	through	through	NOUN
arjefm-89	40	17	in	in	ADP
arjefm-89	40	18	china	china	PROPN
arjefm-89	40	19	and	and	CCONJ
arjefm-89	40	20	the	the	DET
arjefm-89	40	21	major	major	ADJ
arjefm-89	40	22	determinants	determinant	NOUN
arjefm-89	40	23	of	of	ADP
arjefm-89	40	24	lending	lending	NOUN
arjefm-89	40	25	rates	rate	NOUN
arjefm-89	40	26	in	in	ADP
arjefm-89	40	27	china	china	PROPN
arjefm-89	40	28	.	.	PUNCT
arjefm-89	41	1	the	the	DET
arjefm-89	41	2	study	study	NOUN
arjefm-89	41	3	found	find	VERB
arjefm-89	41	4	some	some	DET
arjefm-89	41	5	evidence	evidence	NOUN
arjefm-89	41	6	of	of	ADP
arjefm-89	41	7	interest	interest	NOUN
arjefm-89	41	8	rate	rate	NOUN
arjefm-89	41	9	pass	pass	NOUN
arjefm-89	41	10	-	-	PUNCT
arjefm-89	41	11	through	through	NOUN
arjefm-89	41	12	in	in	ADP
arjefm-89	41	13	china	china	PROPN
arjefm-89	41	14	from	from	ADP
arjefm-89	41	15	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	41	16	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	41	17	american	american	PROPN
arjefm-89	41	18	research	research	PROPN
arjefm-89	41	19	journal	journal	PROPN
arjefm-89	41	20	of	of	ADP
arjefm-89	41	21	economics	economic	NOUN
arjefm-89	41	22	,	,	PUNCT
arjefm-89	41	23	finance	finance	NOUN
arjefm-89	41	24	and	and	CCONJ
arjefm-89	41	25	management	management	NOUN
arjefm-89	41	26	volume	volume	NOUN
arjefm-89	41	27	11	11	NUM
arjefm-89	41	28	issue	issue	NOUN
arjefm-89	41	29	3	3	NUM
arjefm-89	41	30	,	,	PUNCT
arjefm-89	41	31	july	july	PROPN
arjefm-89	41	32	-	-	PUNCT
arjefm-89	41	33	september	september	PROPN
arjefm-89	41	34	2023	2023	NUM
arjefm-89	41	35	issn	issn	PROPN
arjefm-89	41	36	:	:	PUNCT
arjefm-89	41	37	2836	2836	NUM
arjefm-89	41	38	-	-	SYM
arjefm-89	41	39	9416	9416	NUM
arjefm-89	41	40	impact	impact	NOUN
arjefm-89	41	41	factor	factor	NOUN
arjefm-89	41	42	:	:	PUNCT
arjefm-89	41	43	5.57	5.57	NUM
arjefm-89	41	44	journal	journal	NOUN
arjefm-89	41	45	homepage	homepage	NOUN
arjefm-89	41	46	:	:	PUNCT
arjefm-89	41	47	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	41	48	,	,	PUNCT
arjefm-89	41	49	email	email	NOUN
arjefm-89	41	50	:	:	PUNCT
arjefm-89	41	51	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	41	52	official	official	ADJ
arjefm-89	41	53	journal	journal	PROPN
arjefm-89	41	54	of	of	ADP
arjefm-89	41	55	america	america	PROPN
arjefm-89	41	56	serial	serial	PROPN
arjefm-89	41	57	publication	publication	NOUN
arjefm-89	41	58	american	american	PROPN
arjefm-89	41	59	research	research	PROPN
arjefm-89	41	60	journal	journal	PROPN
arjefm-89	41	61	of	of	ADP
arjefm-89	41	62	economics	economic	NOUN
arjefm-89	41	63	,	,	PUNCT
arjefm-89	41	64	finance	finance	NOUN
arjefm-89	41	65	and	and	CCONJ
arjefm-89	41	66	management	management	NOUN
arjefm-89	41	67	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	41	68	,	,	PUNCT
arjefm-89	41	69	email	email	NOUN
arjefm-89	41	70	:	:	PUNCT
arjefm-89	42	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	42	2	3	3	NUM
arjefm-89	43	1	|	|	ADV
arjefm-89	43	2	p	p	X
arjefm-89	43	3	a	a	DET
arjefm-89	43	4	g	g	NOUN
arjefm-89	43	5	e	e	NOUN
arjefm-89	43	6	money	money	NOUN
arjefm-89	43	7	market	market	NOUN
arjefm-89	43	8	rates	rate	NOUN
arjefm-89	43	9	to	to	ADP
arjefm-89	43	10	lending	lending	NOUN
arjefm-89	43	11	rates	rate	NOUN
arjefm-89	43	12	;	;	PUNCT
arjefm-89	43	13	however	however	ADV
arjefm-89	43	14	,	,	PUNCT
arjefm-89	43	15	this	this	DET
arjefm-89	43	16	pass	pass	NOUN
arjefm-89	43	17	-	-	PUNCT
arjefm-89	43	18	through	through	NOUN
arjefm-89	43	19	was	be	AUX
arjefm-89	43	20	negatively	negatively	ADV
arjefm-89	43	21	affected	affect	VERB
arjefm-89	43	22	by	by	ADP
arjefm-89	43	23	shadow	shadow	NOUN
arjefm-89	43	24	banking	banking	NOUN
arjefm-89	43	25	activities	activity	NOUN
arjefm-89	43	26	,	,	PUNCT
arjefm-89	43	27	commercial	commercial	ADJ
arjefm-89	43	28	banks	bank	NOUN
arjefm-89	43	29	’	’	PART
arjefm-89	43	30	asset	asset	NOUN
arjefm-89	43	31	quality	quality	NOUN
arjefm-89	43	32	as	as	ADV
arjefm-89	43	33	well	well	ADV
arjefm-89	43	34	as	as	ADP
arjefm-89	43	35	macroeconomic	macroeconomic	ADJ
arjefm-89	43	36	activities	activity	NOUN
arjefm-89	43	37	.	.	PUNCT
arjefm-89	44	1	mueller	mueller	PROPN
arjefm-89	44	2	-	-	PUNCT
arjefm-89	44	3	spahn	spahn	PROPN
arjefm-89	44	4	(	(	PUNCT
arjefm-89	44	5	2008	2008	NUM
arjefm-89	44	6	)	)	PUNCT
arjefm-89	44	7	empirically	empirically	ADV
arjefm-89	44	8	examined	examine	VERB
arjefm-89	44	9	interest	interest	NOUN
arjefm-89	44	10	rate	rate	NOUN
arjefm-89	44	11	passthrough	passthrough	NOUN
arjefm-89	44	12	from	from	ADP
arjefm-89	44	13	the	the	DET
arjefm-89	44	14	capital	capital	NOUN
arjefm-89	44	15	and	and	CCONJ
arjefm-89	44	16	money	money	NOUN
arjefm-89	44	17	market	market	NOUN
arjefm-89	44	18	to	to	ADP
arjefm-89	44	19	retail	retail	ADJ
arjefm-89	44	20	bank	bank	NOUN
arjefm-89	44	21	rates	rate	NOUN
arjefm-89	44	22	in	in	ADP
arjefm-89	44	23	germany	germany	PROPN
arjefm-89	44	24	.	.	PUNCT
arjefm-89	45	1	the	the	DET
arjefm-89	45	2	study	study	NOUN
arjefm-89	45	3	found	find	VERB
arjefm-89	45	4	an	an	DET
arjefm-89	45	5	incomplete	incomplete	ADJ
arjefm-89	45	6	passthrough	passthrough	NOUN
arjefm-89	45	7	from	from	ADP
arjefm-89	45	8	the	the	DET
arjefm-89	45	9	capital	capital	NOUN
arjefm-89	45	10	and	and	CCONJ
arjefm-89	45	11	money	money	NOUN
arjefm-89	45	12	market	market	NOUN
arjefm-89	45	13	rates	rate	NOUN
arjefm-89	45	14	to	to	ADP
arjefm-89	45	15	retail	retail	ADJ
arjefm-89	45	16	banking	banking	NOUN
arjefm-89	45	17	rates	rate	NOUN
arjefm-89	45	18	in	in	ADP
arjefm-89	45	19	germany	germany	PROPN
arjefm-89	45	20	.	.	PUNCT
arjefm-89	46	1	frisancho	frisancho	NOUN
arjefm-89	46	2	-	-	PUNCT
arjefm-89	46	3	mariscal	mariscal	PROPN
arjefm-89	46	4	and	and	CCONJ
arjefm-89	46	5	howells	howells	PROPN
arjefm-89	46	6	(	(	PUNCT
arjefm-89	46	7	2011	2011	NUM
arjefm-89	46	8	)	)	PUNCT
arjefm-89	46	9	examined	examine	VERB
arjefm-89	46	10	interest	interest	NOUN
arjefm-89	46	11	rate	rate	NOUN
arjefm-89	46	12	pass	pass	NOUN
arjefm-89	46	13	-	-	PUNCT
arjefm-89	46	14	through	through	NOUN
arjefm-89	46	15	and	and	CCONJ
arjefm-89	46	16	risk	risk	VERB
arjefm-89	46	17	in	in	ADP
arjefm-89	46	18	the	the	DET
arjefm-89	46	19	uk	uk	PROPN
arjefm-89	46	20	since	since	SCONJ
arjefm-89	46	21	the	the	DET
arjefm-89	46	22	period	period	NOUN
arjefm-89	46	23	of	of	ADP
arjefm-89	46	24	the	the	DET
arjefm-89	46	25	global	global	ADJ
arjefm-89	46	26	financial	financial	ADJ
arjefm-89	46	27	crises	crisis	NOUN
arjefm-89	46	28	.	.	PUNCT
arjefm-89	47	1	the	the	DET
arjefm-89	47	2	study	study	NOUN
arjefm-89	47	3	found	find	VERB
arjefm-89	47	4	that	that	SCONJ
arjefm-89	47	5	the	the	DET
arjefm-89	47	6	aftermath	aftermath	NOUN
arjefm-89	47	7	of	of	ADP
arjefm-89	47	8	the	the	DET
arjefm-89	47	9	crises	crisis	NOUN
arjefm-89	47	10	affected	affect	VERB
arjefm-89	47	11	deposit	deposit	NOUN
arjefm-89	47	12	rates	rate	NOUN
arjefm-89	47	13	compared	compare	VERB
arjefm-89	47	14	to	to	ADP
arjefm-89	47	15	lending	lending	NOUN
arjefm-89	47	16	rates	rate	NOUN
arjefm-89	47	17	,	,	PUNCT
arjefm-89	47	18	leading	lead	VERB
arjefm-89	47	19	to	to	ADP
arjefm-89	47	20	higher	high	ADJ
arjefm-89	47	21	interest	interest	NOUN
arjefm-89	47	22	rate	rate	NOUN
arjefm-89	47	23	spreads	spread	NOUN
arjefm-89	47	24	in	in	ADP
arjefm-89	47	25	the	the	DET
arjefm-89	47	26	uk	uk	PROPN
arjefm-89	47	27	.	.	PROPN
arjefm-89	47	28	ahmad	ahmad	PROPN
arjefm-89	47	29	,	,	PUNCT
arjefm-89	47	30	aziz	aziz	PROPN
arjefm-89	47	31	,	,	PUNCT
arjefm-89	47	32	and	and	CCONJ
arjefm-89	47	33	rummun	rummun	NOUN
arjefm-89	47	34	(	(	PUNCT
arjefm-89	47	35	2013	2013	NUM
arjefm-89	47	36	)	)	PUNCT
arjefm-89	47	37	in	in	ADP
arjefm-89	47	38	a	a	DET
arjefm-89	47	39	similar	similar	ADJ
arjefm-89	47	40	study	study	NOUN
arjefm-89	47	41	on	on	ADP
arjefm-89	47	42	the	the	DET
arjefm-89	47	43	uk	uk	PROPN
arjefm-89	47	44	found	find	VERB
arjefm-89	47	45	an	an	DET
arjefm-89	47	46	incomplete	incomplete	ADJ
arjefm-89	47	47	pass	pass	NOUN
arjefm-89	47	48	-	-	PUNCT
arjefm-89	47	49	through	through	NOUN
arjefm-89	47	50	from	from	ADP
arjefm-89	47	51	the	the	DET
arjefm-89	47	52	libor	libor	PROPN
arjefm-89	47	53	rate	rate	NOUN
arjefm-89	47	54	to	to	ADP
arjefm-89	47	55	four	four	NUM
arjefm-89	47	56	different	different	ADJ
arjefm-89	47	57	retail	retail	ADJ
arjefm-89	47	58	rates	rate	NOUN
arjefm-89	47	59	in	in	ADP
arjefm-89	47	60	the	the	DET
arjefm-89	47	61	short	short	ADJ
arjefm-89	47	62	run	run	NOUN
arjefm-89	47	63	and	and	CCONJ
arjefm-89	47	64	a	a	DET
arjefm-89	47	65	fairly	fairly	ADV
arjefm-89	47	66	complete	complete	ADJ
arjefm-89	47	67	pass	pass	NOUN
arjefm-89	47	68	-	-	PUNCT
arjefm-89	47	69	through	through	NOUN
arjefm-89	47	70	in	in	ADP
arjefm-89	47	71	the	the	DET
arjefm-89	47	72	long	long	ADJ
arjefm-89	47	73	run	run	NOUN
arjefm-89	47	74	.	.	PUNCT
arjefm-89	48	1	brunnermeier	brunnermei	ADJ
arjefm-89	48	2	and	and	CCONJ
arjefm-89	48	3	koby	koby	PROPN
arjefm-89	48	4	(	(	PUNCT
arjefm-89	48	5	2019	2019	NUM
arjefm-89	48	6	)	)	PUNCT
arjefm-89	48	7	examined	examine	VERB
arjefm-89	48	8	the	the	DET
arjefm-89	48	9	impact	impact	NOUN
arjefm-89	48	10	of	of	ADP
arjefm-89	48	11	reversal	reversal	NOUN
arjefm-89	48	12	interest	interest	NOUN
arjefm-89	48	13	rates	rate	NOUN
arjefm-89	48	14	in	in	ADP
arjefm-89	48	15	europe	europe	PROPN
arjefm-89	48	16	using	use	VERB
arjefm-89	48	17	a	a	DET
arjefm-89	48	18	dsge	dsge	NOUN
arjefm-89	48	19	framework	framework	NOUN
arjefm-89	48	20	.	.	PUNCT
arjefm-89	49	1	the	the	DET
arjefm-89	49	2	study	study	NOUN
arjefm-89	49	3	found	find	VERB
arjefm-89	49	4	out	out	ADP
arjefm-89	49	5	that	that	SCONJ
arjefm-89	49	6	quantitative	quantitative	ADJ
arjefm-89	49	7	easing	easing	NOUN
arjefm-89	49	8	raised	raise	VERB
arjefm-89	49	9	the	the	DET
arjefm-89	49	10	reversal	reversal	NOUN
arjefm-89	49	11	interest	interest	NOUN
arjefm-89	49	12	rates	rate	NOUN
arjefm-89	49	13	and	and	CCONJ
arjefm-89	49	14	therefore	therefore	ADV
arjefm-89	49	15	,	,	PUNCT
arjefm-89	49	16	quantitative	quantitative	ADJ
arjefm-89	49	17	easing	ease	VERB
arjefm-89	49	18	measures	measure	NOUN
arjefm-89	49	19	should	should	AUX
arjefm-89	49	20	only	only	ADV
arjefm-89	49	21	be	be	AUX
arjefm-89	49	22	employed	employ	VERB
arjefm-89	49	23	if	if	SCONJ
arjefm-89	49	24	interest	interest	NOUN
arjefm-89	49	25	rate	rate	NOUN
arjefm-89	49	26	cuts	cut	NOUN
arjefm-89	49	27	have	have	AUX
arjefm-89	49	28	been	be	AUX
arjefm-89	49	29	exhausted	exhaust	VERB
arjefm-89	49	30	.	.	PUNCT
arjefm-89	50	1	binning	bin	VERB
arjefm-89	50	2	,	,	PUNCT
arjefm-89	50	3	bjornland	bjornland	ADJ
arjefm-89	50	4	,	,	PUNCT
arjefm-89	50	5	and	and	CCONJ
arjefm-89	50	6	maih	maih	NOUN
arjefm-89	50	7	(	(	PUNCT
arjefm-89	50	8	2017	2017	NUM
arjefm-89	50	9	)	)	PUNCT
arjefm-89	50	10	also	also	ADV
arjefm-89	50	11	examined	examine	VERB
arjefm-89	50	12	interest	interest	NOUN
arjefm-89	50	13	rate	rate	NOUN
arjefm-89	50	14	pass	pass	NOUN
arjefm-89	50	15	-	-	PUNCT
arjefm-89	50	16	through	through	ADP
arjefm-89	50	17	using	use	VERB
arjefm-89	50	18	a	a	DET
arjefm-89	50	19	dsge	dsge	NOUN
arjefm-89	50	20	framework	framework	NOUN
arjefm-89	50	21	.	.	PUNCT
arjefm-89	51	1	the	the	DET
arjefm-89	51	2	study	study	NOUN
arjefm-89	51	3	found	find	VERB
arjefm-89	51	4	that	that	SCONJ
arjefm-89	51	5	there	there	PRON
arjefm-89	51	6	was	be	VERB
arjefm-89	51	7	no	no	DET
arjefm-89	51	8	short	short	ADJ
arjefm-89	51	9	-	-	PUNCT
arjefm-89	51	10	run	run	NOUN
arjefm-89	51	11	pass	pass	NOUN
arjefm-89	51	12	-	-	PUNCT
arjefm-89	51	13	through	through	NOUN
arjefm-89	51	14	,	,	PUNCT
arjefm-89	51	15	however	however	ADV
arjefm-89	51	16	,	,	PUNCT
arjefm-89	51	17	pass	pass	VERB
arjefm-89	51	18	-	-	PUNCT
arjefm-89	51	19	through	through	NOUN
arjefm-89	51	20	tended	tend	VERB
arjefm-89	51	21	to	to	PART
arjefm-89	51	22	be	be	AUX
arjefm-89	51	23	incomplete	incomplete	ADJ
arjefm-89	51	24	in	in	ADP
arjefm-89	51	25	the	the	DET
arjefm-89	51	26	long	long	ADJ
arjefm-89	51	27	run	run	NOUN
arjefm-89	51	28	.	.	PUNCT
arjefm-89	52	1	similarly	similarly	ADV
arjefm-89	52	2	,	,	PUNCT
arjefm-89	52	3	binning	binning	NOUN
arjefm-89	52	4	,	,	PUNCT
arjefm-89	52	5	bjornland	bjornland	ADJ
arjefm-89	52	6	,	,	PUNCT
arjefm-89	52	7	and	and	CCONJ
arjefm-89	52	8	maih	maih	NOUN
arjefm-89	52	9	(	(	PUNCT
arjefm-89	52	10	2019	2019	NUM
arjefm-89	52	11	)	)	PUNCT
arjefm-89	52	12	also	also	ADV
arjefm-89	52	13	found	find	VERB
arjefm-89	52	14	the	the	DET
arjefm-89	52	15	same	same	ADJ
arjefm-89	52	16	results	result	NOUN
arjefm-89	52	17	in	in	ADP
arjefm-89	52	18	their	their	PRON
arjefm-89	52	19	recent	recent	ADJ
arjefm-89	52	20	study	study	NOUN
arjefm-89	52	21	on	on	ADP
arjefm-89	52	22	interest	interest	NOUN
arjefm-89	52	23	rate	rate	NOUN
arjefm-89	52	24	pass	pass	NOUN
arjefm-89	52	25	-	-	PUNCT
arjefm-89	52	26	through	through	NOUN
arjefm-89	52	27	via	via	ADP
arjefm-89	52	28	a	a	DET
arjefm-89	52	29	dsge	dsge	NOUN
arjefm-89	52	30	framework	framework	NOUN
arjefm-89	52	31	.	.	PUNCT
arjefm-89	53	1	however	however	ADV
arjefm-89	53	2	,	,	PUNCT
arjefm-89	53	3	gregor	gregor	PROPN
arjefm-89	53	4	,	,	PUNCT
arjefm-89	53	5	melecký	melecký	NOUN
arjefm-89	53	6	,	,	PUNCT
arjefm-89	53	7	and	and	CCONJ
arjefm-89	53	8	melecký	melecký	NOUN
arjefm-89	53	9	(	(	PUNCT
arjefm-89	53	10	2019	2019	NUM
arjefm-89	53	11	)	)	PUNCT
arjefm-89	53	12	carried	carry	VERB
arjefm-89	53	13	out	out	ADP
arjefm-89	53	14	a	a	DET
arjefm-89	53	15	meta	meta	ADJ
arjefm-89	53	16	-	-	PUNCT
arjefm-89	53	17	analysis	analysis	NOUN
arjefm-89	53	18	of	of	ADP
arjefm-89	53	19	the	the	DET
arjefm-89	53	20	literature	literature	NOUN
arjefm-89	53	21	on	on	ADP
arjefm-89	53	22	interest	interest	NOUN
arjefm-89	53	23	rate	rate	NOUN
arjefm-89	53	24	pass	pass	NOUN
arjefm-89	53	25	-	-	PUNCT
arjefm-89	53	26	through	through	NOUN
arjefm-89	53	27	.	.	PUNCT
arjefm-89	54	1	they	they	PRON
arjefm-89	54	2	found	find	VERB
arjefm-89	54	3	a	a	DET
arjefm-89	54	4	lower	low	ADJ
arjefm-89	54	5	pass	pass	NOUN
arjefm-89	54	6	-	-	PUNCT
arjefm-89	54	7	through	through	NOUN
arjefm-89	54	8	in	in	ADP
arjefm-89	54	9	countries	country	NOUN
arjefm-89	54	10	that	that	PRON
arjefm-89	54	11	focused	focus	VERB
arjefm-89	54	12	on	on	ADP
arjefm-89	54	13	longterm	longterm	NOUN
arjefm-89	54	14	lending	lending	NOUN
arjefm-89	54	15	rates	rate	NOUN
arjefm-89	54	16	,	,	PUNCT
arjefm-89	54	17	while	while	SCONJ
arjefm-89	54	18	they	they	PRON
arjefm-89	54	19	showed	show	VERB
arjefm-89	54	20	that	that	SCONJ
arjefm-89	54	21	pass	pass	NOUN
arjefm-89	54	22	-	-	PUNCT
arjefm-89	54	23	throughs	through	NOUN
arjefm-89	54	24	are	be	AUX
arjefm-89	54	25	more	more	ADV
arjefm-89	54	26	effective	effective	ADJ
arjefm-89	54	27	in	in	ADP
arjefm-89	54	28	countries	country	NOUN
arjefm-89	54	29	that	that	PRON
arjefm-89	54	30	have	have	VERB
arjefm-89	54	31	a	a	DET
arjefm-89	54	32	welldeveloped	welldevelope	VERB
arjefm-89	54	33	financial	financial	ADJ
arjefm-89	54	34	market	market	NOUN
arjefm-89	54	35	and	and	CCONJ
arjefm-89	54	36	deeper	deep	ADJ
arjefm-89	54	37	capital	capital	NOUN
arjefm-89	54	38	markets	market	NOUN
arjefm-89	54	39	.	.	PUNCT
arjefm-89	55	1	gigineishvili	gigineishvili	NOUN
arjefm-89	55	2	(	(	PUNCT
arjefm-89	55	3	2011	2011	NUM
arjefm-89	55	4	)	)	PUNCT
arjefm-89	55	5	examined	examine	VERB
arjefm-89	55	6	the	the	DET
arjefm-89	55	7	importance	importance	NOUN
arjefm-89	55	8	of	of	ADP
arjefm-89	55	9	macroeconomic	macroeconomic	ADJ
arjefm-89	55	10	and	and	CCONJ
arjefm-89	55	11	financial	financial	ADJ
arjefm-89	55	12	market	market	NOUN
arjefm-89	55	13	conditions	condition	NOUN
arjefm-89	55	14	on	on	ADP
arjefm-89	55	15	the	the	DET
arjefm-89	55	16	interest	interest	NOUN
arjefm-89	55	17	rate	rate	NOUN
arjefm-89	55	18	pass	pass	VERB
arjefm-89	55	19	-	-	PUNCT
arjefm-89	55	20	through	through	ADP
arjefm-89	55	21	process	process	NOUN
arjefm-89	55	22	in	in	ADP
arjefm-89	55	23	low	low	ADJ
arjefm-89	55	24	-	-	PUNCT
arjefm-89	55	25	income	income	NOUN
arjefm-89	55	26	,	,	PUNCT
arjefm-89	55	27	advanced	advanced	ADJ
arjefm-89	55	28	,	,	PUNCT
arjefm-89	55	29	and	and	CCONJ
arjefm-89	55	30	emerging	emerge	VERB
arjefm-89	55	31	countries	country	NOUN
arjefm-89	55	32	.	.	PUNCT
arjefm-89	56	1	the	the	DET
arjefm-89	56	2	study	study	NOUN
arjefm-89	56	3	showed	show	VERB
arjefm-89	56	4	that	that	SCONJ
arjefm-89	56	5	gdp	gdp	NOUN
arjefm-89	56	6	per	per	ADP
arjefm-89	56	7	capita	capita	NOUN
arjefm-89	56	8	and	and	CCONJ
arjefm-89	56	9	inflation	inflation	NOUN
arjefm-89	56	10	were	be	AUX
arjefm-89	56	11	major	major	ADJ
arjefm-89	56	12	determinants	determinant	NOUN
arjefm-89	56	13	of	of	ADP
arjefm-89	56	14	interest	interest	NOUN
arjefm-89	56	15	rate	rate	NOUN
arjefm-89	56	16	pass	pass	NOUN
arjefm-89	56	17	-	-	PUNCT
arjefm-89	56	18	through	through	NOUN
arjefm-89	56	19	,	,	PUNCT
arjefm-89	56	20	while	while	SCONJ
arjefm-89	56	21	banking	banking	NOUN
arjefm-89	56	22	competition	competition	NOUN
arjefm-89	56	23	,	,	PUNCT
arjefm-89	56	24	credit	credit	NOUN
arjefm-89	56	25	quality	quality	NOUN
arjefm-89	56	26	,	,	PUNCT
arjefm-89	56	27	and	and	CCONJ
arjefm-89	56	28	overhead	overhead	ADJ
arjefm-89	56	29	costs	cost	NOUN
arjefm-89	56	30	strengthened	strengthen	VERB
arjefm-89	56	31	the	the	DET
arjefm-89	56	32	interest	interest	NOUN
arjefm-89	56	33	rate	rate	NOUN
arjefm-89	56	34	pass	pass	VERB
arjefm-89	56	35	-	-	PUNCT
arjefm-89	56	36	through	through	NOUN
arjefm-89	56	37	in	in	ADP
arjefm-89	56	38	all	all	DET
arjefm-89	56	39	the	the	DET
arjefm-89	56	40	examined	examine	VERB
arjefm-89	56	41	countries	country	NOUN
arjefm-89	56	42	.	.	PUNCT
arjefm-89	57	1	von	von	PROPN
arjefm-89	57	2	borstel	borstel	PROPN
arjefm-89	57	3	,	,	PUNCT
arjefm-89	57	4	eickmeier	eickmeier	NOUN
arjefm-89	57	5	,	,	PUNCT
arjefm-89	57	6	and	and	CCONJ
arjefm-89	57	7	krippner	krippner	NOUN
arjefm-89	57	8	(	(	PUNCT
arjefm-89	57	9	2015	2015	NUM
arjefm-89	57	10	)	)	PUNCT
arjefm-89	57	11	examined	examine	VERB
arjefm-89	57	12	interest	interest	NOUN
arjefm-89	57	13	rate	rate	NOUN
arjefm-89	57	14	pass	pass	NOUN
arjefm-89	57	15	-	-	PUNCT
arjefm-89	57	16	through	through	NOUN
arjefm-89	57	17	in	in	ADP
arjefm-89	57	18	the	the	DET
arjefm-89	57	19	euro	euro	PROPN
arjefm-89	57	20	area	area	NOUN
arjefm-89	57	21	during	during	ADP
arjefm-89	57	22	the	the	DET
arjefm-89	57	23	periods	period	NOUN
arjefm-89	57	24	of	of	ADP
arjefm-89	57	25	sovereign	sovereign	ADJ
arjefm-89	57	26	debt	debt	NOUN
arjefm-89	57	27	crises	crisis	NOUN
arjefm-89	57	28	.	.	PUNCT
arjefm-89	58	1	the	the	DET
arjefm-89	58	2	study	study	NOUN
arjefm-89	58	3	found	find	VERB
arjefm-89	58	4	that	that	SCONJ
arjefm-89	58	5	unconventional	unconventional	ADJ
arjefm-89	58	6	monetary	monetary	ADJ
arjefm-89	58	7	policies	policy	NOUN
arjefm-89	58	8	were	be	AUX
arjefm-89	58	9	useful	useful	ADJ
arjefm-89	58	10	in	in	ADP
arjefm-89	58	11	reducing	reduce	VERB
arjefm-89	58	12	lending	lending	NOUN
arjefm-89	58	13	rates	rate	NOUN
arjefm-89	58	14	in	in	ADP
arjefm-89	58	15	europe	europe	PROPN
arjefm-89	58	16	,	,	PUNCT
arjefm-89	58	17	while	while	SCONJ
arjefm-89	58	18	conventional	conventional	ADJ
arjefm-89	58	19	monetary	monetary	ADJ
arjefm-89	58	20	policies	policy	NOUN
arjefm-89	58	21	were	be	AUX
arjefm-89	58	22	unable	unable	ADJ
arjefm-89	58	23	to	to	PART
arjefm-89	58	24	lower	lower	VERB
arjefm-89	58	25	banks	bank	NOUN
arjefm-89	58	26	’	'	PUNCT
arjefm-89	58	27	marks	mark	VERB
arjefm-89	58	28	up	up	ADP
arjefm-89	58	29	.	.	PUNCT
arjefm-89	59	1	similarly	similarly	ADV
arjefm-89	59	2	,	,	PUNCT
arjefm-89	59	3	darracq	darracq	NOUN
arjefm-89	59	4	-	-	PUNCT
arjefm-89	59	5	paries	parie	NOUN
arjefm-89	59	6	,	,	PUNCT
arjefm-89	59	7	moccero	moccero	PROPN
arjefm-89	59	8	,	,	PUNCT
arjefm-89	59	9	krylova	krylova	PROPN
arjefm-89	59	10	,	,	PUNCT
arjefm-89	59	11	and	and	CCONJ
arjefm-89	59	12	marchini	marchini	X
arjefm-89	59	13	(	(	PUNCT
arjefm-89	59	14	2014	2014	NUM
arjefm-89	59	15	)	)	PUNCT
arjefm-89	59	16	found	find	VERB
arjefm-89	59	17	out	out	ADP
arjefm-89	59	18	that	that	SCONJ
arjefm-89	59	19	a	a	DET
arjefm-89	59	20	well	well	ADV
arjefm-89	59	21	-	-	PUNCT
arjefm-89	59	22	developed	develop	VERB
arjefm-89	59	23	financial	financial	ADJ
arjefm-89	59	24	market	market	NOUN
arjefm-89	59	25	devoid	devoid	ADJ
arjefm-89	59	26	of	of	ADP
arjefm-89	59	27	fragmentations	fragmentation	NOUN
arjefm-89	59	28	is	be	AUX
arjefm-89	59	29	necessary	necessary	ADJ
arjefm-89	59	30	for	for	ADP
arjefm-89	59	31	an	an	DET
arjefm-89	59	32	effective	effective	ADJ
arjefm-89	59	33	passthrough	passthrough	NOUN
arjefm-89	59	34	.	.	PUNCT
arjefm-89	60	1	furthermore	furthermore	ADV
arjefm-89	60	2	,	,	PUNCT
arjefm-89	60	3	van	van	PROPN
arjefm-89	60	4	leuvensteijn	leuvensteijn	PROPN
arjefm-89	60	5	,	,	PUNCT
arjefm-89	60	6	sørensen	sørensen	NOUN
arjefm-89	60	7	,	,	PUNCT
arjefm-89	60	8	bikker	bikker	NOUN
arjefm-89	60	9	,	,	PUNCT
arjefm-89	60	10	and	and	CCONJ
arjefm-89	60	11	van	van	PROPN
arjefm-89	60	12	rixtel	rixtel	PROPN
arjefm-89	60	13	(	(	PUNCT
arjefm-89	60	14	2008	2008	NUM
arjefm-89	60	15	)	)	PUNCT
arjefm-89	60	16	found	find	VERB
arjefm-89	60	17	more	more	ADJ
arjefm-89	60	18	competition	competition	NOUN
arjefm-89	60	19	in	in	ADP
arjefm-89	60	20	the	the	DET
arjefm-89	60	21	bank	bank	NOUN
arjefm-89	60	22	loan	loan	NOUN
arjefm-89	60	23	market	market	NOUN
arjefm-89	60	24	compared	compare	VERB
arjefm-89	60	25	to	to	ADP
arjefm-89	60	26	her	her	PRON
arjefm-89	60	27	deposit	deposit	NOUN
arjefm-89	60	28	market	market	NOUN
arjefm-89	60	29	and	and	CCONJ
arjefm-89	60	30	they	they	PRON
arjefm-89	60	31	also	also	ADV
arjefm-89	60	32	found	find	VERB
arjefm-89	60	33	a	a	DET
arjefm-89	60	34	stronger	strong	ADJ
arjefm-89	60	35	pass	pass	NOUN
arjefm-89	60	36	-	-	PUNCT
arjefm-89	60	37	through	through	NOUN
arjefm-89	60	38	in	in	ADP
arjefm-89	60	39	more	more	ADV
arjefm-89	60	40	competitive	competitive	ADJ
arjefm-89	60	41	economies	economy	NOUN
arjefm-89	60	42	in	in	ADP
arjefm-89	60	43	the	the	DET
arjefm-89	60	44	euro	euro	PROPN
arjefm-89	60	45	area	area	NOUN
arjefm-89	60	46	.	.	PUNCT
arjefm-89	61	1	also	also	ADV
arjefm-89	61	2	,	,	PUNCT
arjefm-89	61	3	de	de	PROPN
arjefm-89	61	4	bondt	bondt	NOUN
arjefm-89	61	5	(	(	PUNCT
arjefm-89	61	6	2002	2002	NUM
arjefm-89	61	7	)	)	PUNCT
arjefm-89	61	8	found	find	VERB
arjefm-89	61	9	interest	interest	NOUN
arjefm-89	61	10	rate	rate	NOUN
arjefm-89	61	11	pass	pass	VERB
arjefm-89	61	12	-	-	PUNCT
arjefm-89	61	13	through	through	NOUN
arjefm-89	61	14	to	to	PART
arjefm-89	61	15	be	be	AUX
arjefm-89	61	16	more	more	ADV
arjefm-89	61	17	effective	effective	ADJ
arjefm-89	61	18	in	in	ADP
arjefm-89	61	19	the	the	DET
arjefm-89	61	20	long	long	ADJ
arjefm-89	61	21	term	term	NOUN
arjefm-89	61	22	compared	compare	VERB
arjefm-89	61	23	to	to	ADP
arjefm-89	61	24	the	the	DET
arjefm-89	61	25	short	short	ADJ
arjefm-89	61	26	term	term	NOUN
arjefm-89	61	27	,	,	PUNCT
arjefm-89	61	28	with	with	ADP
arjefm-89	61	29	the	the	DET
arjefm-89	61	30	lending	lending	NOUN
arjefm-89	61	31	rate	rate	NOUN
arjefm-89	61	32	adjusting	adjust	VERB
arjefm-89	61	33	faster	fast	ADV
arjefm-89	61	34	to	to	ADP
arjefm-89	61	35	the	the	DET
arjefm-89	61	36	money	money	NOUN
arjefm-89	61	37	market	market	NOUN
arjefm-89	61	38	rate	rate	NOUN
arjefm-89	61	39	compared	compare	VERB
arjefm-89	61	40	to	to	ADP
arjefm-89	61	41	the	the	DET
arjefm-89	61	42	deposit	deposit	NOUN
arjefm-89	61	43	rate	rate	NOUN
arjefm-89	61	44	in	in	ADP
arjefm-89	61	45	the	the	DET
arjefm-89	61	46	euro	euro	NOUN
arjefm-89	61	47	area	area	NOUN
arjefm-89	61	48	.	.	PUNCT
arjefm-89	62	1	while	while	SCONJ
arjefm-89	62	2	belke	belke	NOUN
arjefm-89	62	3	,	,	PUNCT
arjefm-89	62	4	beckmann	beckmann	PROPN
arjefm-89	62	5	,	,	PUNCT
arjefm-89	62	6	and	and	CCONJ
arjefm-89	62	7	verheyen	verheyen	PROPN
arjefm-89	62	8	(	(	PUNCT
arjefm-89	62	9	2012	2012	NUM
arjefm-89	62	10	)	)	PUNCT
arjefm-89	62	11	examined	examine	VERB
arjefm-89	62	12	interest	interest	NOUN
arjefm-89	62	13	rate	rate	NOUN
arjefm-89	62	14	pass	pass	NOUN
arjefm-89	62	15	-	-	PUNCT
arjefm-89	62	16	through	through	NOUN
arjefm-89	62	17	in	in	ADP
arjefm-89	62	18	emu	emu	PROPN
arjefm-89	62	19	countries	country	NOUN
arjefm-89	62	20	with	with	ADP
arjefm-89	62	21	mixed	mixed	ADJ
arjefm-89	62	22	results	result	NOUN
arjefm-89	62	23	.	.	PUNCT
arjefm-89	63	1	and	and	CCONJ
arjefm-89	63	2	most	most	ADJ
arjefm-89	63	3	of	of	ADP
arjefm-89	63	4	the	the	DET
arjefm-89	63	5	european	european	PROPN
arjefm-89	63	6	monetary	monetary	PROPN
arjefm-89	63	7	union	union	PROPN
arjefm-89	63	8	countries	country	NOUN
arjefm-89	63	9	had	have	VERB
arjefm-89	63	10	an	an	DET
arjefm-89	63	11	incomplete	incomplete	ADJ
arjefm-89	63	12	passthrough	passthrough	NOUN
arjefm-89	63	13	.	.	PUNCT
arjefm-89	64	1	siakoulis	siakoulis	PROPN
arjefm-89	64	2	,	,	PUNCT
arjefm-89	64	3	petropoulos	petropoulo	NOUN
arjefm-89	64	4	,	,	PUNCT
arjefm-89	64	5	lazaris	lazaris	PROPN
arjefm-89	64	6	,	,	PUNCT
arjefm-89	64	7	and	and	CCONJ
arjefm-89	64	8	lialiouti	lialiouti	NOUN
arjefm-89	64	9	(	(	PUNCT
arjefm-89	64	10	2018	2018	NUM
arjefm-89	64	11	)	)	PUNCT
arjefm-89	64	12	also	also	ADV
arjefm-89	64	13	found	find	VERB
arjefm-89	64	14	a	a	DET
arjefm-89	64	15	lower	low	ADJ
arjefm-89	64	16	pass	pass	NOUN
arjefm-89	64	17	-	-	PUNCT
arjefm-89	64	18	through	through	NOUN
arjefm-89	64	19	during	during	ADP
arjefm-89	64	20	periods	period	NOUN
arjefm-89	64	21	of	of	ADP
arjefm-89	64	22	financial	financial	ADJ
arjefm-89	64	23	crises	crisis	NOUN
arjefm-89	64	24	,	,	PUNCT
arjefm-89	64	25	and	and	CCONJ
arjefm-89	64	26	also	also	ADV
arjefm-89	64	27	found	find	VERB
arjefm-89	64	28	interest	interest	NOUN
arjefm-89	64	29	rate	rate	NOUN
arjefm-89	64	30	pass	pass	VERB
arjefm-89	64	31	-	-	PUNCT
arjefm-89	64	32	through	through	NOUN
arjefm-89	64	33	to	to	PART
arjefm-89	64	34	be	be	AUX
arjefm-89	64	35	determined	determine	VERB
arjefm-89	64	36	by	by	ADP
arjefm-89	64	37	sovereign	sovereign	ADJ
arjefm-89	64	38	risk	risk	NOUN
arjefm-89	64	39	and	and	CCONJ
arjefm-89	64	40	the	the	DET
arjefm-89	64	41	financial	financial	ADJ
arjefm-89	64	42	system	system	NOUN
arjefm-89	64	43	of	of	ADP
arjefm-89	64	44	individual	individual	ADJ
arjefm-89	64	45	country	country	NOUN
arjefm-89	64	46	members	member	NOUN
arjefm-89	64	47	.	.	PUNCT
arjefm-89	65	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-89	65	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	66	1	american	american	PROPN
arjefm-89	66	2	research	research	PROPN
arjefm-89	66	3	journal	journal	PROPN
arjefm-89	66	4	of	of	ADP
arjefm-89	66	5	economics	economic	NOUN
arjefm-89	66	6	,	,	PUNCT
arjefm-89	66	7	finance	finance	NOUN
arjefm-89	66	8	and	and	CCONJ
arjefm-89	66	9	management	management	NOUN
arjefm-89	66	10	volume	volume	NOUN
arjefm-89	66	11	11	11	NUM
arjefm-89	66	12	issue	issue	NOUN
arjefm-89	66	13	3	3	NUM
arjefm-89	66	14	,	,	PUNCT
arjefm-89	66	15	july	july	PROPN
arjefm-89	66	16	-	-	PUNCT
arjefm-89	66	17	september	september	PROPN
arjefm-89	66	18	2023	2023	NUM
arjefm-89	66	19	issn	issn	PROPN
arjefm-89	66	20	:	:	PUNCT
arjefm-89	66	21	2836	2836	NUM
arjefm-89	66	22	-	-	SYM
arjefm-89	66	23	9416	9416	NUM
arjefm-89	66	24	impact	impact	NOUN
arjefm-89	66	25	factor	factor	NOUN
arjefm-89	66	26	:	:	PUNCT
arjefm-89	66	27	5.57	5.57	NUM
arjefm-89	66	28	journal	journal	NOUN
arjefm-89	66	29	homepage	homepage	NOUN
arjefm-89	66	30	:	:	PUNCT
arjefm-89	66	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	66	32	,	,	PUNCT
arjefm-89	66	33	email	email	NOUN
arjefm-89	66	34	:	:	PUNCT
arjefm-89	67	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	67	2	official	official	ADJ
arjefm-89	67	3	journal	journal	PROPN
arjefm-89	67	4	of	of	ADP
arjefm-89	67	5	america	america	PROPN
arjefm-89	67	6	serial	serial	PROPN
arjefm-89	67	7	publication	publication	NOUN
arjefm-89	67	8	american	american	PROPN
arjefm-89	67	9	research	research	PROPN
arjefm-89	67	10	journal	journal	PROPN
arjefm-89	67	11	of	of	ADP
arjefm-89	67	12	economics	economic	NOUN
arjefm-89	67	13	,	,	PUNCT
arjefm-89	67	14	finance	finance	NOUN
arjefm-89	67	15	and	and	CCONJ
arjefm-89	67	16	management	management	NOUN
arjefm-89	67	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	67	18	,	,	PUNCT
arjefm-89	67	19	email	email	NOUN
arjefm-89	67	20	:	:	PUNCT
arjefm-89	67	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	68	1	4	4	NUM
arjefm-89	68	2	|	|	ADV
arjefm-89	68	3	p	p	X
arjefm-89	68	4	a	a	DET
arjefm-89	68	5	g	g	NOUN
arjefm-89	68	6	e	e	NOUN
arjefm-89	68	7	in	in	ADP
arjefm-89	68	8	the	the	DET
arjefm-89	68	9	emerging	emerge	VERB
arjefm-89	68	10	world	world	NOUN
arjefm-89	68	11	,	,	PUNCT
arjefm-89	68	12	siklar	siklar	PROPN
arjefm-89	68	13	,	,	PUNCT
arjefm-89	68	14	dogan	dogan	PROPN
arjefm-89	68	15	,	,	PUNCT
arjefm-89	68	16	and	and	CCONJ
arjefm-89	68	17	dinc	dinc	ADJ
arjefm-89	68	18	(	(	PUNCT
arjefm-89	68	19	2016	2016	NUM
arjefm-89	68	20	)	)	PUNCT
arjefm-89	68	21	empirically	empirically	ADV
arjefm-89	68	22	examined	examine	VERB
arjefm-89	68	23	interest	interest	NOUN
arjefm-89	68	24	rate	rate	NOUN
arjefm-89	68	25	pass	pass	NOUN
arjefm-89	68	26	-	-	PUNCT
arjefm-89	68	27	through	through	NOUN
arjefm-89	68	28	in	in	ADP
arjefm-89	68	29	turkey	turkey	NOUN
arjefm-89	68	30	and	and	CCONJ
arjefm-89	68	31	the	the	DET
arjefm-89	68	32	resulting	result	VERB
arjefm-89	68	33	pass	pass	NOUN
arjefm-89	68	34	-	-	PUNCT
arjefm-89	68	35	through	through	NOUN
arjefm-89	68	36	on	on	ADP
arjefm-89	68	37	output	output	NOUN
arjefm-89	68	38	and	and	CCONJ
arjefm-89	68	39	prices	price	NOUN
arjefm-89	68	40	.	.	PUNCT
arjefm-89	69	1	the	the	DET
arjefm-89	69	2	study	study	NOUN
arjefm-89	69	3	although	although	SCONJ
arjefm-89	69	4	found	find	VERB
arjefm-89	69	5	an	an	DET
arjefm-89	69	6	incomplete	incomplete	ADJ
arjefm-89	69	7	passthrough	passthrough	NOUN
arjefm-89	69	8	on	on	ADP
arjefm-89	69	9	retail	retail	ADJ
arjefm-89	69	10	rates	rate	NOUN
arjefm-89	69	11	,	,	PUNCT
arjefm-89	69	12	also	also	ADV
arjefm-89	69	13	had	have	VERB
arjefm-89	69	14	values	value	NOUN
arjefm-89	69	15	larger	large	ADJ
arjefm-89	69	16	than	than	ADP
arjefm-89	69	17	the	the	DET
arjefm-89	69	18	pass	pass	NOUN
arjefm-89	69	19	-	-	PUNCT
arjefm-89	69	20	through	through	NOUN
arjefm-89	69	21	from	from	ADP
arjefm-89	69	22	policy	policy	NOUN
arjefm-89	69	23	rate	rate	NOUN
arjefm-89	69	24	to	to	ADP
arjefm-89	69	25	output	output	NOUN
arjefm-89	69	26	and	and	CCONJ
arjefm-89	69	27	prices	price	NOUN
arjefm-89	69	28	,	,	PUNCT
arjefm-89	69	29	which	which	PRON
arjefm-89	69	30	were	be	AUX
arjefm-89	69	31	generally	generally	ADV
arjefm-89	69	32	low	low	ADJ
arjefm-89	69	33	on	on	ADP
arjefm-89	69	34	the	the	DET
arjefm-89	69	35	series	series	NOUN
arjefm-89	69	36	.	.	PUNCT
arjefm-89	70	1	amatyakul	amatyakul	PROPN
arjefm-89	70	2	,	,	PUNCT
arjefm-89	70	3	taerat	taerat	PROPN
arjefm-89	70	4	,	,	PUNCT
arjefm-89	70	5	visudtiko	visudtiko	NOUN
arjefm-89	70	6	,	,	PUNCT
arjefm-89	70	7	and	and	CCONJ
arjefm-89	70	8	wongwachara	wongwachara	NOUN
arjefm-89	70	9	(	(	PUNCT
arjefm-89	70	10	2019	2019	NUM
arjefm-89	70	11	)	)	PUNCT
arjefm-89	70	12	examined	examine	VERB
arjefm-89	70	13	the	the	DET
arjefm-89	70	14	passthrough	passthrough	NOUN
arjefm-89	70	15	using	use	VERB
arjefm-89	70	16	the	the	DET
arjefm-89	70	17	new	new	ADJ
arjefm-89	70	18	loan	loan	NOUN
arjefm-89	70	19	rate	rate	NOUN
arjefm-89	70	20	and	and	CCONJ
arjefm-89	70	21	minimum	minimum	NOUN
arjefm-89	70	22	loan	loan	NOUN
arjefm-89	70	23	rate	rate	NOUN
arjefm-89	70	24	as	as	ADP
arjefm-89	70	25	the	the	DET
arjefm-89	70	26	policy	policy	NOUN
arjefm-89	70	27	rate	rate	NOUN
arjefm-89	70	28	in	in	ADP
arjefm-89	70	29	thailand	thailand	PROPN
arjefm-89	70	30	.	.	PUNCT
arjefm-89	71	1	the	the	DET
arjefm-89	71	2	study	study	NOUN
arjefm-89	71	3	found	find	VERB
arjefm-89	71	4	a	a	DET
arjefm-89	71	5	more	more	ADV
arjefm-89	71	6	effective	effective	ADJ
arjefm-89	71	7	pass	pass	NOUN
arjefm-89	71	8	-	-	PUNCT
arjefm-89	71	9	through	through	NOUN
arjefm-89	71	10	from	from	ADP
arjefm-89	71	11	the	the	DET
arjefm-89	71	12	new	new	ADJ
arjefm-89	71	13	loan	loan	NOUN
arjefm-89	71	14	rate	rate	NOUN
arjefm-89	71	15	compared	compare	VERB
arjefm-89	71	16	to	to	ADP
arjefm-89	71	17	the	the	DET
arjefm-89	71	18	minimum	minimum	ADJ
arjefm-89	71	19	loan	loan	NOUN
arjefm-89	71	20	rate	rate	NOUN
arjefm-89	71	21	.	.	PUNCT
arjefm-89	72	1	furthermore	furthermore	ADV
arjefm-89	72	2	,	,	PUNCT
arjefm-89	72	3	the	the	DET
arjefm-89	72	4	results	result	NOUN
arjefm-89	72	5	showed	show	VERB
arjefm-89	72	6	that	that	SCONJ
arjefm-89	72	7	firms	firm	NOUN
arjefm-89	72	8	with	with	ADP
arjefm-89	72	9	large	large	ADJ
arjefm-89	72	10	assets	asset	NOUN
arjefm-89	72	11	and	and	CCONJ
arjefm-89	72	12	stronger	strong	ADJ
arjefm-89	72	13	banking	banking	NOUN
arjefm-89	72	14	relationships	relationship	NOUN
arjefm-89	72	15	had	have	VERB
arjefm-89	72	16	a	a	DET
arjefm-89	72	17	stronger	strong	ADJ
arjefm-89	72	18	pass	pass	NOUN
arjefm-89	72	19	-	-	PUNCT
arjefm-89	72	20	through	through	NOUN
arjefm-89	72	21	,	,	PUNCT
arjefm-89	72	22	while	while	SCONJ
arjefm-89	72	23	banks	bank	NOUN
arjefm-89	72	24	with	with	ADP
arjefm-89	72	25	relatively	relatively	ADV
arjefm-89	72	26	liquid	liquid	ADJ
arjefm-89	72	27	balance	balance	NOUN
arjefm-89	72	28	sheets	sheet	NOUN
arjefm-89	72	29	had	have	VERB
arjefm-89	72	30	a	a	DET
arjefm-89	72	31	weaker	weak	ADJ
arjefm-89	72	32	pass	pass	NOUN
arjefm-89	72	33	-	-	PUNCT
arjefm-89	72	34	through	through	NOUN
arjefm-89	72	35	.	.	PUNCT
arjefm-89	73	1	finally	finally	ADV
arjefm-89	73	2	,	,	PUNCT
arjefm-89	73	3	the	the	DET
arjefm-89	73	4	study	study	NOUN
arjefm-89	73	5	showed	show	VERB
arjefm-89	73	6	that	that	SCONJ
arjefm-89	73	7	the	the	DET
arjefm-89	73	8	agricultural	agricultural	ADJ
arjefm-89	73	9	sector	sector	NOUN
arjefm-89	73	10	loans	loan	NOUN
arjefm-89	73	11	barely	barely	ADV
arjefm-89	73	12	responded	respond	VERB
arjefm-89	73	13	to	to	ADP
arjefm-89	73	14	an	an	DET
arjefm-89	73	15	induced	induced	ADJ
arjefm-89	73	16	policy	policy	NOUN
arjefm-89	73	17	rate	rate	NOUN
arjefm-89	73	18	change	change	NOUN
arjefm-89	73	19	;	;	PUNCT
arjefm-89	73	20	however	however	ADV
arjefm-89	73	21	,	,	PUNCT
arjefm-89	73	22	loan	loan	NOUN
arjefm-89	73	23	rates	rate	NOUN
arjefm-89	73	24	attached	attach	VERB
arjefm-89	73	25	to	to	ADP
arjefm-89	73	26	the	the	DET
arjefm-89	73	27	manufacturing	manufacturing	NOUN
arjefm-89	73	28	sector	sector	NOUN
arjefm-89	73	29	changed	change	VERB
arjefm-89	73	30	in	in	ADP
arjefm-89	73	31	line	line	NOUN
arjefm-89	73	32	with	with	ADP
arjefm-89	73	33	the	the	DET
arjefm-89	73	34	induced	induced	ADJ
arjefm-89	73	35	policy	policy	NOUN
arjefm-89	73	36	rate	rate	NOUN
arjefm-89	73	37	change	change	NOUN
arjefm-89	73	38	.	.	PUNCT
arjefm-89	74	1	bogoev	bogoev	NOUN
arjefm-89	74	2	and	and	CCONJ
arjefm-89	74	3	petrevski	petrevski	ADJ
arjefm-89	74	4	(	(	PUNCT
arjefm-89	74	5	2012	2012	NUM
arjefm-89	74	6	)	)	PUNCT
arjefm-89	74	7	under	under	ADP
arjefm-89	74	8	a	a	DET
arjefm-89	74	9	fixed	fix	VERB
arjefm-89	74	10	exchange	exchange	NOUN
arjefm-89	74	11	rate	rate	NOUN
arjefm-89	74	12	system	system	NOUN
arjefm-89	74	13	checked	check	VERB
arjefm-89	74	14	the	the	DET
arjefm-89	74	15	interest	interest	NOUN
arjefm-89	74	16	rate	rate	NOUN
arjefm-89	74	17	pass	pass	VERB
arjefm-89	74	18	-	-	PUNCT
arjefm-89	74	19	through	through	NOUN
arjefm-89	74	20	in	in	ADP
arjefm-89	74	21	macedonia	macedonia	PROPN
arjefm-89	74	22	.	.	PUNCT
arjefm-89	75	1	the	the	DET
arjefm-89	75	2	study	study	NOUN
arjefm-89	75	3	found	find	VERB
arjefm-89	75	4	that	that	SCONJ
arjefm-89	75	5	the	the	DET
arjefm-89	75	6	monetary	monetary	ADJ
arjefm-89	75	7	authorities	authority	NOUN
arjefm-89	75	8	may	may	AUX
arjefm-89	75	9	witness	witness	VERB
arjefm-89	75	10	a	a	DET
arjefm-89	75	11	limited	limited	ADJ
arjefm-89	75	12	impact	impact	NOUN
arjefm-89	75	13	in	in	ADP
arjefm-89	75	14	the	the	DET
arjefm-89	75	15	short	short	ADJ
arjefm-89	75	16	-	-	PUNCT
arjefm-89	75	17	run	run	NOUN
arjefm-89	75	18	,	,	PUNCT
arjefm-89	75	19	with	with	ADP
arjefm-89	75	20	a	a	DET
arjefm-89	75	21	slow	slow	ADJ
arjefm-89	75	22	speed	speed	NOUN
arjefm-89	75	23	of	of	ADP
arjefm-89	75	24	adjustment	adjustment	NOUN
arjefm-89	75	25	.	.	PUNCT
arjefm-89	76	1	in	in	ADP
arjefm-89	76	2	the	the	DET
arjefm-89	76	3	long	long	ADJ
arjefm-89	76	4	run	run	NOUN
arjefm-89	76	5	,	,	PUNCT
arjefm-89	76	6	however	however	ADV
arjefm-89	76	7	,	,	PUNCT
arjefm-89	76	8	interest	interest	NOUN
arjefm-89	76	9	rate	rate	NOUN
arjefm-89	76	10	pass	pass	NOUN
arjefm-89	76	11	-	-	PUNCT
arjefm-89	76	12	through	through	NOUN
arjefm-89	76	13	was	be	AUX
arjefm-89	76	14	found	find	VERB
arjefm-89	76	15	to	to	PART
arjefm-89	76	16	be	be	AUX
arjefm-89	76	17	almost	almost	ADV
arjefm-89	76	18	complete	complete	ADJ
arjefm-89	76	19	.	.	PUNCT
arjefm-89	77	1	yilmaz	yilmaz	PROPN
arjefm-89	77	2	,	,	PUNCT
arjefm-89	77	3	yergin	yergin	NOUN
arjefm-89	77	4	,	,	PUNCT
arjefm-89	77	5	and	and	CCONJ
arjefm-89	77	6	oğrak	oğrak	NOUN
arjefm-89	77	7	(	(	PUNCT
arjefm-89	77	8	2018	2018	NUM
arjefm-89	77	9	)	)	PUNCT
arjefm-89	77	10	examined	examine	VERB
arjefm-89	77	11	interest	interest	NOUN
arjefm-89	77	12	rate	rate	NOUN
arjefm-89	77	13	pass	pass	NOUN
arjefm-89	77	14	-	-	PUNCT
arjefm-89	77	15	through	through	NOUN
arjefm-89	77	16	in	in	ADP
arjefm-89	77	17	turkey	turkey	NOUN
arjefm-89	77	18	and	and	CCONJ
arjefm-89	77	19	found	find	VERB
arjefm-89	77	20	a	a	DET
arjefm-89	77	21	stronger	strong	ADJ
arjefm-89	77	22	and	and	CCONJ
arjefm-89	77	23	higher	high	ADJ
arjefm-89	77	24	pass	pass	VERB
arjefm-89	77	25	-	-	PUNCT
arjefm-89	77	26	through	through	NOUN
arjefm-89	77	27	on	on	ADP
arjefm-89	77	28	the	the	DET
arjefm-89	77	29	retail	retail	ADJ
arjefm-89	77	30	interest	interest	NOUN
arjefm-89	77	31	rates	rate	NOUN
arjefm-89	77	32	in	in	ADP
arjefm-89	77	33	all	all	DET
arjefm-89	77	34	cases	case	NOUN
arjefm-89	77	35	.	.	PUNCT
arjefm-89	78	1	miletic	miletic	ADJ
arjefm-89	78	2	and	and	CCONJ
arjefm-89	78	3	tasic	tasic	ADJ
arjefm-89	78	4	(	(	PUNCT
arjefm-89	78	5	2015	2015	NUM
arjefm-89	78	6	)	)	PUNCT
arjefm-89	78	7	focused	focus	VERB
arjefm-89	78	8	on	on	ADP
arjefm-89	78	9	corporate	corporate	ADJ
arjefm-89	78	10	and	and	CCONJ
arjefm-89	78	11	household	household	NOUN
arjefm-89	78	12	loans	loan	NOUN
arjefm-89	78	13	in	in	ADP
arjefm-89	78	14	serbia	serbia	PROPN
arjefm-89	78	15	and	and	CCONJ
arjefm-89	78	16	they	they	PRON
arjefm-89	78	17	found	find	VERB
arjefm-89	78	18	an	an	DET
arjefm-89	78	19	incomplete	incomplete	ADJ
arjefm-89	78	20	pass	pass	NOUN
arjefm-89	78	21	-	-	PUNCT
arjefm-89	78	22	through	through	NOUN
arjefm-89	78	23	to	to	ADP
arjefm-89	78	24	corporate	corporate	ADJ
arjefm-89	78	25	and	and	CCONJ
arjefm-89	78	26	household	household	NOUN
arjefm-89	78	27	loans	loan	NOUN
arjefm-89	78	28	in	in	ADP
arjefm-89	78	29	the	the	DET
arjefm-89	78	30	long	long	ADJ
arjefm-89	78	31	run	run	NOUN
arjefm-89	78	32	in	in	ADP
arjefm-89	78	33	serbia	serbia	PROPN
arjefm-89	78	34	.	.	PUNCT
arjefm-89	79	1	grigoli	grigoli	PROPN
arjefm-89	79	2	and	and	CCONJ
arjefm-89	79	3	mota	mota	PROPN
arjefm-89	79	4	(	(	PUNCT
arjefm-89	79	5	2017	2017	NUM
arjefm-89	79	6	)	)	PUNCT
arjefm-89	79	7	found	find	VERB
arjefm-89	79	8	a	a	DET
arjefm-89	79	9	complete	complete	ADJ
arjefm-89	79	10	pass	pass	NOUN
arjefm-89	79	11	-	-	PUNCT
arjefm-89	79	12	through	through	NOUN
arjefm-89	79	13	from	from	ADP
arjefm-89	79	14	the	the	DET
arjefm-89	79	15	policy	policy	NOUN
arjefm-89	79	16	rate	rate	NOUN
arjefm-89	79	17	to	to	ADP
arjefm-89	79	18	the	the	DET
arjefm-89	79	19	lending	lending	NOUN
arjefm-89	79	20	and	and	CCONJ
arjefm-89	79	21	deposit	deposit	NOUN
arjefm-89	79	22	rate	rate	NOUN
arjefm-89	79	23	in	in	ADP
arjefm-89	79	24	the	the	DET
arjefm-89	79	25	dominican	dominican	PROPN
arjefm-89	79	26	republic	republic	NOUN
arjefm-89	79	27	.	.	PUNCT
arjefm-89	80	1	however	however	ADV
arjefm-89	80	2	,	,	PUNCT
arjefm-89	80	3	sweiden	sweiden	ADJ
arjefm-89	80	4	(	(	PUNCT
arjefm-89	80	5	2011	2011	NUM
arjefm-89	80	6	)	)	PUNCT
arjefm-89	80	7	found	find	VERB
arjefm-89	80	8	a	a	DET
arjefm-89	80	9	faster	fast	ADJ
arjefm-89	80	10	pass	pass	NOUN
arjefm-89	80	11	-	-	PUNCT
arjefm-89	80	12	through	through	NOUN
arjefm-89	80	13	on	on	ADP
arjefm-89	80	14	deposit	deposit	NOUN
arjefm-89	80	15	rates	rate	NOUN
arjefm-89	80	16	compared	compare	VERB
arjefm-89	80	17	to	to	ADP
arjefm-89	80	18	lending	lending	NOUN
arjefm-89	80	19	rates	rate	NOUN
arjefm-89	80	20	in	in	ADP
arjefm-89	80	21	jordan	jordan	PROPN
arjefm-89	80	22	.	.	PUNCT
arjefm-89	81	1	jiri	jiri	PROPN
arjefm-89	81	2	and	and	CCONJ
arjefm-89	81	3	martin	martin	PROPN
arjefm-89	81	4	(	(	PUNCT
arjefm-89	81	5	2018	2018	NUM
arjefm-89	81	6	)	)	PUNCT
arjefm-89	81	7	for	for	ADP
arjefm-89	81	8	the	the	DET
arjefm-89	81	9	czech	czech	PROPN
arjefm-89	81	10	republic	republic	NOUN
arjefm-89	81	11	found	find	VERB
arjefm-89	81	12	a	a	DET
arjefm-89	81	13	complete	complete	ADJ
arjefm-89	81	14	passthrough	passthrough	NOUN
arjefm-89	81	15	to	to	ADP
arjefm-89	81	16	sme	sme	NOUN
arjefm-89	81	17	lending	lending	NOUN
arjefm-89	81	18	but	but	CCONJ
arjefm-89	81	19	did	do	AUX
arjefm-89	81	20	not	not	PART
arjefm-89	81	21	find	find	VERB
arjefm-89	81	22	a	a	DET
arjefm-89	81	23	passthrough	passthrough	NOUN
arjefm-89	81	24	for	for	ADP
arjefm-89	81	25	consumer	consumer	NOUN
arjefm-89	81	26	lending	lending	NOUN
arjefm-89	81	27	.	.	PUNCT
arjefm-89	82	1	antao	antao	PROPN
arjefm-89	82	2	(	(	PUNCT
arjefm-89	82	3	2009	2009	NUM
arjefm-89	82	4	)	)	PUNCT
arjefm-89	82	5	showed	show	VERB
arjefm-89	82	6	that	that	SCONJ
arjefm-89	82	7	interest	interest	NOUN
arjefm-89	82	8	rate	rate	NOUN
arjefm-89	82	9	pass	pass	NOUN
arjefm-89	82	10	-	-	PUNCT
arjefm-89	82	11	through	through	NOUN
arjefm-89	82	12	to	to	ADP
arjefm-89	82	13	loans	loan	NOUN
arjefm-89	82	14	was	be	AUX
arjefm-89	82	15	complete	complete	ADJ
arjefm-89	82	16	in	in	ADP
arjefm-89	82	17	the	the	DET
arjefm-89	82	18	long	long	ADJ
arjefm-89	82	19	run	run	NOUN
arjefm-89	82	20	for	for	ADP
arjefm-89	82	21	portugal	portugal	PROPN
arjefm-89	82	22	,	,	PUNCT
arjefm-89	82	23	while	while	SCONJ
arjefm-89	82	24	it	it	PRON
arjefm-89	82	25	had	have	VERB
arjefm-89	82	26	an	an	DET
arjefm-89	82	27	incomplete	incomplete	ADJ
arjefm-89	82	28	pass	pass	NOUN
arjefm-89	82	29	-	-	PUNCT
arjefm-89	82	30	through	through	NOUN
arjefm-89	82	31	with	with	ADP
arjefm-89	82	32	a	a	DET
arjefm-89	82	33	considerably	considerably	ADV
arjefm-89	82	34	higher	high	ADJ
arjefm-89	82	35	degree	degree	NOUN
arjefm-89	82	36	to	to	ADP
arjefm-89	82	37	deposits	deposit	NOUN
arjefm-89	82	38	.	.	PUNCT
arjefm-89	83	1	finally	finally	ADV
arjefm-89	83	2	,	,	PUNCT
arjefm-89	83	3	the	the	DET
arjefm-89	83	4	study	study	NOUN
arjefm-89	83	5	showed	show	VERB
arjefm-89	83	6	that	that	SCONJ
arjefm-89	83	7	deposit	deposit	NOUN
arjefm-89	83	8	interest	interest	NOUN
arjefm-89	83	9	rates	rate	NOUN
arjefm-89	83	10	adjusted	adjust	VERB
arjefm-89	83	11	faster	fast	ADV
arjefm-89	83	12	to	to	ADP
arjefm-89	83	13	equilibrium	equilibrium	NOUN
arjefm-89	83	14	compared	compare	VERB
arjefm-89	83	15	to	to	ADP
arjefm-89	83	16	the	the	DET
arjefm-89	83	17	lending	lending	NOUN
arjefm-89	83	18	rates	rate	NOUN
arjefm-89	83	19	for	for	ADP
arjefm-89	83	20	portugal	portugal	PROPN
arjefm-89	83	21	.	.	PUNCT
arjefm-89	84	1	ansari	ansari	PROPN
arjefm-89	84	2	(	(	PUNCT
arjefm-89	84	3	2013	2013	NUM
arjefm-89	84	4	)	)	PUNCT
arjefm-89	84	5	empirically	empirically	ADV
arjefm-89	84	6	investigated	investigate	VERB
arjefm-89	84	7	india	india	PROPN
arjefm-89	84	8	’s	’s	PART
arjefm-89	84	9	interest	interest	NOUN
arjefm-89	84	10	rate	rate	NOUN
arjefm-89	84	11	pass	pass	NOUN
arjefm-89	84	12	-	-	PUNCT
arjefm-89	84	13	through	through	NOUN
arjefm-89	84	14	with	with	ADP
arjefm-89	84	15	regulatory	regulatory	ADJ
arjefm-89	84	16	requirements	requirement	NOUN
arjefm-89	84	17	.	.	PUNCT
arjefm-89	85	1	the	the	DET
arjefm-89	85	2	study	study	NOUN
arjefm-89	85	3	found	find	VERB
arjefm-89	85	4	out	out	ADP
arjefm-89	85	5	that	that	SCONJ
arjefm-89	85	6	there	there	PRON
arjefm-89	85	7	could	could	AUX
arjefm-89	85	8	be	be	AUX
arjefm-89	85	9	a	a	DET
arjefm-89	85	10	trade	trade	NOUN
arjefm-89	85	11	-	-	PUNCT
arjefm-89	85	12	off	off	NOUN
arjefm-89	85	13	between	between	ADP
arjefm-89	85	14	regulations	regulation	NOUN
arjefm-89	85	15	and	and	CCONJ
arjefm-89	85	16	the	the	DET
arjefm-89	85	17	effectiveness	effectiveness	NOUN
arjefm-89	85	18	of	of	ADP
arjefm-89	85	19	money	money	NOUN
arjefm-89	85	20	transmission	transmission	NOUN
arjefm-89	85	21	and	and	CCONJ
arjefm-89	85	22	that	that	SCONJ
arjefm-89	85	23	banks	bank	NOUN
arjefm-89	85	24	can	can	AUX
arjefm-89	85	25	subsidize	subsidize	VERB
arjefm-89	85	26	loans	loan	NOUN
arjefm-89	85	27	rather	rather	ADV
arjefm-89	85	28	than	than	ADP
arjefm-89	85	29	invest	invest	VERB
arjefm-89	85	30	in	in	ADP
arjefm-89	85	31	government	government	NOUN
arjefm-89	85	32	securities	security	NOUN
arjefm-89	85	33	.	.	PUNCT
arjefm-89	86	1	hsu	hsu	PROPN
arjefm-89	86	2	(	(	PUNCT
arjefm-89	86	3	2017	2017	NUM
arjefm-89	86	4	)	)	PUNCT
arjefm-89	86	5	also	also	ADV
arjefm-89	86	6	studied	study	VERB
arjefm-89	86	7	the	the	DET
arjefm-89	86	8	interest	interest	NOUN
arjefm-89	86	9	rate	rate	NOUN
arjefm-89	86	10	pass	pass	VERB
arjefm-89	86	11	-	-	PUNCT
arjefm-89	86	12	through	through	NOUN
arjefm-89	86	13	in	in	ADP
arjefm-89	86	14	seven	seven	NUM
arjefm-89	86	15	asian	asian	ADJ
arjefm-89	86	16	economies	economy	NOUN
arjefm-89	86	17	.	.	PUNCT
arjefm-89	87	1	the	the	DET
arjefm-89	87	2	study	study	NOUN
arjefm-89	87	3	found	find	VERB
arjefm-89	87	4	the	the	DET
arjefm-89	87	5	lending	lending	NOUN
arjefm-89	87	6	rates	rate	NOUN
arjefm-89	87	7	to	to	PART
arjefm-89	87	8	be	be	AUX
arjefm-89	87	9	stickier	sticki	ADJ
arjefm-89	87	10	,	,	PUNCT
arjefm-89	87	11	that	that	ADV
arjefm-89	87	12	is	is	ADV
arjefm-89	87	13	,	,	PUNCT
arjefm-89	87	14	less	less	ADV
arjefm-89	87	15	responsive	responsive	ADJ
arjefm-89	87	16	to	to	ADP
arjefm-89	87	17	the	the	DET
arjefm-89	87	18	policy	policy	NOUN
arjefm-89	87	19	rate	rate	NOUN
arjefm-89	87	20	compared	compare	VERB
arjefm-89	87	21	to	to	ADP
arjefm-89	87	22	the	the	DET
arjefm-89	87	23	deposit	deposit	NOUN
arjefm-89	87	24	rates	rate	NOUN
arjefm-89	87	25	.	.	PUNCT
arjefm-89	88	1	while	while	SCONJ
arjefm-89	88	2	the	the	DET
arjefm-89	88	3	study	study	NOUN
arjefm-89	88	4	found	find	VERB
arjefm-89	88	5	that	that	SCONJ
arjefm-89	88	6	the	the	DET
arjefm-89	88	7	pass	pass	VERB
arjefm-89	88	8	-	-	PUNCT
arjefm-89	88	9	through	through	NOUN
arjefm-89	88	10	is	be	AUX
arjefm-89	88	11	stronger	strong	ADJ
arjefm-89	88	12	in	in	ADP
arjefm-89	88	13	more	more	ADV
arjefm-89	88	14	developed	develop	VERB
arjefm-89	88	15	economies	economy	NOUN
arjefm-89	88	16	.	.	PUNCT
arjefm-89	89	1	furthermore	furthermore	ADV
arjefm-89	89	2	,	,	PUNCT
arjefm-89	89	3	mahmood	mahmood	PROPN
arjefm-89	89	4	(	(	PUNCT
arjefm-89	89	5	2018	2018	NUM
arjefm-89	89	6	)	)	PUNCT
arjefm-89	89	7	found	find	VERB
arjefm-89	89	8	an	an	DET
arjefm-89	89	9	incomplete	incomplete	ADJ
arjefm-89	89	10	pass	pass	NOUN
arjefm-89	89	11	-	-	PUNCT
arjefm-89	89	12	through	through	NOUN
arjefm-89	89	13	for	for	ADP
arjefm-89	89	14	pakistan	pakistan	PROPN
arjefm-89	89	15	.	.	PUNCT
arjefm-89	90	1	the	the	DET
arjefm-89	90	2	study	study	NOUN
arjefm-89	90	3	also	also	ADV
arjefm-89	90	4	found	find	VERB
arjefm-89	90	5	out	out	ADP
arjefm-89	90	6	that	that	SCONJ
arjefm-89	90	7	interest	interest	NOUN
arjefm-89	90	8	rates	rate	NOUN
arjefm-89	90	9	were	be	AUX
arjefm-89	90	10	sticky	sticky	ADJ
arjefm-89	90	11	towards	towards	ADP
arjefm-89	90	12	a	a	DET
arjefm-89	90	13	downward	downward	ADJ
arjefm-89	90	14	adjustment	adjustment	NOUN
arjefm-89	90	15	compared	compare	VERB
arjefm-89	90	16	to	to	ADP
arjefm-89	90	17	an	an	DET
arjefm-89	90	18	upward	upward	ADJ
arjefm-89	90	19	adjustment	adjustment	NOUN
arjefm-89	90	20	.	.	PUNCT
arjefm-89	91	1	mangwengwende	mangwengwende	PROPN
arjefm-89	91	2	,	,	PUNCT
arjefm-89	91	3	chinzara	chinzara	ADJ
arjefm-89	91	4	,	,	PUNCT
arjefm-89	91	5	and	and	CCONJ
arjefm-89	91	6	nel	nel	X
arjefm-89	91	7	(	(	PUNCT
arjefm-89	91	8	2011	2011	NUM
arjefm-89	91	9	)	)	PUNCT
arjefm-89	91	10	investigated	investigate	VERB
arjefm-89	91	11	the	the	DET
arjefm-89	91	12	link	link	NOUN
arjefm-89	91	13	between	between	ADP
arjefm-89	91	14	bank	bank	NOUN
arjefm-89	91	15	concentration	concentration	NOUN
arjefm-89	91	16	and	and	CCONJ
arjefm-89	91	17	interest	interest	NOUN
arjefm-89	91	18	rate	rate	NOUN
arjefm-89	91	19	pass	pass	NOUN
arjefm-89	91	20	-	-	PUNCT
arjefm-89	91	21	through	through	NOUN
arjefm-89	91	22	in	in	ADP
arjefm-89	91	23	four	four	NUM
arjefm-89	91	24	sub	sub	ADJ
arjefm-89	91	25	-	-	ADJ
arjefm-89	91	26	saharan	saharan	ADJ
arjefm-89	91	27	african	african	ADJ
arjefm-89	91	28	countries	country	NOUN
arjefm-89	91	29	.	.	PUNCT
arjefm-89	92	1	the	the	DET
arjefm-89	92	2	study	study	NOUN
arjefm-89	92	3	evidenced	evidence	VERB
arjefm-89	92	4	some	some	DET
arjefm-89	92	5	relationships	relationship	NOUN
arjefm-89	92	6	between	between	ADP
arjefm-89	92	7	the	the	DET
arjefm-89	92	8	concentration	concentration	NOUN
arjefm-89	92	9	of	of	ADP
arjefm-89	92	10	banks	bank	NOUN
arjefm-89	92	11	and	and	CCONJ
arjefm-89	92	12	the	the	DET
arjefm-89	92	13	pass	pass	NOUN
arjefm-89	92	14	-	-	PUNCT
arjefm-89	92	15	through	through	NOUN
arjefm-89	92	16	in	in	ADP
arjefm-89	92	17	these	these	DET
arjefm-89	92	18	four	four	NUM
arjefm-89	92	19	countries	country	NOUN
arjefm-89	92	20	.	.	PUNCT
arjefm-89	93	1	the	the	DET
arjefm-89	93	2	study	study	NOUN
arjefm-89	93	3	also	also	ADV
arjefm-89	93	4	showed	show	VERB
arjefm-89	93	5	that	that	SCONJ
arjefm-89	93	6	bank	bank	NOUN
arjefm-89	93	7	concentration	concentration	NOUN
arjefm-89	93	8	influenced	influence	VERB
arjefm-89	93	9	the	the	DET
arjefm-89	93	10	magnitude	magnitude	NOUN
arjefm-89	93	11	,	,	PUNCT
arjefm-89	93	12	rather	rather	ADV
arjefm-89	93	13	than	than	ADP
arjefm-89	93	14	the	the	DET
arjefm-89	93	15	speed	speed	NOUN
arjefm-89	93	16	of	of	ADP
arjefm-89	93	17	adjustment	adjustment	NOUN
arjefm-89	93	18	.	.	PUNCT
arjefm-89	94	1	the	the	DET
arjefm-89	94	2	study	study	NOUN
arjefm-89	94	3	finally	finally	ADV
arjefm-89	94	4	supported	support	VERB
arjefm-89	94	5	the	the	DET
arjefm-89	94	6	structure	structure	NOUN
arjefm-89	94	7	conduct	conduct	NOUN
arjefm-89	94	8	performance	performance	NOUN
arjefm-89	94	9	hypothesis	hypothesis	NOUN
arjefm-89	94	10	and	and	CCONJ
arjefm-89	94	11	the	the	DET
arjefm-89	94	12	efficient	efficient	ADJ
arjefm-89	94	13	structure	structure	NOUN
arjefm-89	94	14	hypothesis	hypothesis	NOUN
arjefm-89	94	15	.	.	PUNCT
arjefm-89	95	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-89	95	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	96	1	american	american	PROPN
arjefm-89	96	2	research	research	PROPN
arjefm-89	96	3	journal	journal	PROPN
arjefm-89	96	4	of	of	ADP
arjefm-89	96	5	economics	economic	NOUN
arjefm-89	96	6	,	,	PUNCT
arjefm-89	96	7	finance	finance	NOUN
arjefm-89	96	8	and	and	CCONJ
arjefm-89	96	9	management	management	NOUN
arjefm-89	96	10	volume	volume	NOUN
arjefm-89	96	11	11	11	NUM
arjefm-89	96	12	issue	issue	NOUN
arjefm-89	96	13	3	3	NUM
arjefm-89	96	14	,	,	PUNCT
arjefm-89	96	15	july	july	PROPN
arjefm-89	96	16	-	-	PUNCT
arjefm-89	96	17	september	september	PROPN
arjefm-89	96	18	2023	2023	NUM
arjefm-89	96	19	issn	issn	PROPN
arjefm-89	96	20	:	:	PUNCT
arjefm-89	96	21	2836	2836	NUM
arjefm-89	96	22	-	-	SYM
arjefm-89	96	23	9416	9416	NUM
arjefm-89	96	24	impact	impact	NOUN
arjefm-89	96	25	factor	factor	NOUN
arjefm-89	96	26	:	:	PUNCT
arjefm-89	96	27	5.57	5.57	NUM
arjefm-89	96	28	journal	journal	NOUN
arjefm-89	96	29	homepage	homepage	NOUN
arjefm-89	96	30	:	:	PUNCT
arjefm-89	96	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	96	32	,	,	PUNCT
arjefm-89	96	33	email	email	NOUN
arjefm-89	96	34	:	:	PUNCT
arjefm-89	97	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	97	2	official	official	ADJ
arjefm-89	97	3	journal	journal	PROPN
arjefm-89	97	4	of	of	ADP
arjefm-89	97	5	america	america	PROPN
arjefm-89	97	6	serial	serial	PROPN
arjefm-89	97	7	publication	publication	NOUN
arjefm-89	97	8	american	american	PROPN
arjefm-89	97	9	research	research	PROPN
arjefm-89	97	10	journal	journal	PROPN
arjefm-89	97	11	of	of	ADP
arjefm-89	97	12	economics	economic	NOUN
arjefm-89	97	13	,	,	PUNCT
arjefm-89	97	14	finance	finance	NOUN
arjefm-89	97	15	and	and	CCONJ
arjefm-89	97	16	management	management	NOUN
arjefm-89	97	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	97	18	,	,	PUNCT
arjefm-89	97	19	email	email	NOUN
arjefm-89	97	20	:	:	PUNCT
arjefm-89	97	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	98	1	5	5	NUM
arjefm-89	99	1	|	|	ADV
arjefm-89	99	2	p	p	X
arjefm-89	99	3	a	a	DET
arjefm-89	99	4	g	g	NOUN
arjefm-89	99	5	e	e	NOUN
arjefm-89	99	6	in	in	ADP
arjefm-89	99	7	sub	sub	ADJ
arjefm-89	99	8	-	-	ADJ
arjefm-89	99	9	saharan	saharan	ADJ
arjefm-89	99	10	africa	africa	PROPN
arjefm-89	99	11	,	,	PUNCT
arjefm-89	99	12	mbowe	mbowe	ADP
arjefm-89	99	13	(	(	PUNCT
arjefm-89	99	14	2015	2015	NUM
arjefm-89	99	15	)	)	PUNCT
arjefm-89	99	16	examined	examine	VERB
arjefm-89	99	17	the	the	DET
arjefm-89	99	18	pass	pass	NOUN
arjefm-89	99	19	-	-	PUNCT
arjefm-89	99	20	through	through	NOUN
arjefm-89	99	21	in	in	ADP
arjefm-89	99	22	tanzania	tanzania	PROPN
arjefm-89	99	23	,	,	PUNCT
arjefm-89	99	24	with	with	ADP
arjefm-89	99	25	a	a	DET
arjefm-89	99	26	major	major	ADJ
arjefm-89	99	27	focus	focus	NOUN
arjefm-89	99	28	on	on	ADP
arjefm-89	99	29	the	the	DET
arjefm-89	99	30	pass	pass	NOUN
arjefm-89	99	31	-	-	PUNCT
arjefm-89	99	32	through	through	NOUN
arjefm-89	99	33	from	from	ADP
arjefm-89	99	34	the	the	DET
arjefm-89	99	35	policy	policy	NOUN
arjefm-89	99	36	rate	rate	NOUN
arjefm-89	99	37	to	to	ADP
arjefm-89	99	38	lending	lending	NOUN
arjefm-89	99	39	rates	rate	NOUN
arjefm-89	99	40	.	.	PUNCT
arjefm-89	100	1	the	the	DET
arjefm-89	100	2	study	study	NOUN
arjefm-89	100	3	found	find	VERB
arjefm-89	100	4	a	a	DET
arjefm-89	100	5	complete	complete	ADJ
arjefm-89	100	6	pass	pass	NOUN
arjefm-89	100	7	-	-	PUNCT
arjefm-89	100	8	through	through	NOUN
arjefm-89	100	9	to	to	ADP
arjefm-89	100	10	the	the	DET
arjefm-89	100	11	interbank	interbank	NOUN
arjefm-89	100	12	rate	rate	NOUN
arjefm-89	100	13	,	,	PUNCT
arjefm-89	100	14	while	while	SCONJ
arjefm-89	100	15	it	it	PRON
arjefm-89	100	16	found	find	VERB
arjefm-89	100	17	a	a	DET
arjefm-89	100	18	weak	weak	ADJ
arjefm-89	100	19	and	and	CCONJ
arjefm-89	100	20	incomplete	incomplete	ADJ
arjefm-89	100	21	pass	pass	NOUN
arjefm-89	100	22	-	-	PUNCT
arjefm-89	100	23	through	through	NOUN
arjefm-89	100	24	from	from	ADP
arjefm-89	100	25	the	the	DET
arjefm-89	100	26	policy	policy	NOUN
arjefm-89	100	27	rate	rate	NOUN
arjefm-89	100	28	to	to	ADP
arjefm-89	100	29	the	the	DET
arjefm-89	100	30	deposit	deposit	NOUN
arjefm-89	100	31	rate	rate	NOUN
arjefm-89	100	32	.	.	PUNCT
arjefm-89	101	1	however	however	ADV
arjefm-89	101	2	,	,	PUNCT
arjefm-89	101	3	aziakpono	aziakpono	PROPN
arjefm-89	101	4	and	and	CCONJ
arjefm-89	101	5	wilson	wilson	PROPN
arjefm-89	101	6	(	(	PUNCT
arjefm-89	101	7	2013	2013	NUM
arjefm-89	101	8	)	)	PUNCT
arjefm-89	101	9	found	find	VERB
arjefm-89	101	10	a	a	DET
arjefm-89	101	11	considerably	considerably	ADV
arjefm-89	101	12	higher	high	ADJ
arjefm-89	101	13	degree	degree	NOUN
arjefm-89	101	14	of	of	ADP
arjefm-89	101	15	pass	pass	NOUN
arjefm-89	101	16	-	-	PUNCT
arjefm-89	101	17	through	through	NOUN
arjefm-89	101	18	in	in	ADP
arjefm-89	101	19	the	the	DET
arjefm-89	101	20	retail	retail	ADJ
arjefm-89	101	21	rates	rate	NOUN
arjefm-89	101	22	in	in	ADP
arjefm-89	101	23	south	south	PROPN
arjefm-89	101	24	africa	africa	PROPN
arjefm-89	101	25	.	.	PUNCT
arjefm-89	102	1	ogundipe	ogundipe	PROPN
arjefm-89	102	2	and	and	CCONJ
arjefm-89	102	3	alege	alege	PROPN
arjefm-89	102	4	(	(	PUNCT
arjefm-89	102	5	2013	2013	NUM
arjefm-89	102	6	)	)	PUNCT
arjefm-89	102	7	examined	examine	VERB
arjefm-89	102	8	interest	interest	NOUN
arjefm-89	102	9	rate	rate	NOUN
arjefm-89	102	10	pass	pass	NOUN
arjefm-89	102	11	-	-	PUNCT
arjefm-89	102	12	through	through	NOUN
arjefm-89	102	13	on	on	ADP
arjefm-89	102	14	retail	retail	ADJ
arjefm-89	102	15	rates	rate	NOUN
arjefm-89	102	16	and	and	CCONJ
arjefm-89	102	17	the	the	DET
arjefm-89	102	18	macroeconomy	macroeconomy	NOUN
arjefm-89	102	19	at	at	ADP
arjefm-89	102	20	large	large	ADJ
arjefm-89	102	21	in	in	ADP
arjefm-89	102	22	nigeria	nigeria	PROPN
arjefm-89	102	23	.	.	PUNCT
arjefm-89	103	1	the	the	DET
arjefm-89	103	2	study	study	NOUN
arjefm-89	103	3	found	find	VERB
arjefm-89	103	4	out	out	ADP
arjefm-89	103	5	that	that	SCONJ
arjefm-89	103	6	there	there	PRON
arjefm-89	103	7	was	be	VERB
arjefm-89	103	8	a	a	DET
arjefm-89	103	9	slow	slow	ADJ
arjefm-89	103	10	and	and	CCONJ
arjefm-89	103	11	incomplete	incomplete	ADJ
arjefm-89	103	12	pass	pass	NOUN
arjefm-89	103	13	-	-	PUNCT
arjefm-89	103	14	through	through	NOUN
arjefm-89	103	15	;	;	PUNCT
arjefm-89	103	16	however	however	ADV
arjefm-89	103	17	,	,	PUNCT
arjefm-89	103	18	the	the	DET
arjefm-89	103	19	pass	pass	VERB
arjefm-89	103	20	-	-	PUNCT
arjefm-89	103	21	through	through	NOUN
arjefm-89	103	22	was	be	AUX
arjefm-89	103	23	slower	slow	ADJ
arjefm-89	103	24	and	and	CCONJ
arjefm-89	103	25	weaker	weak	ADJ
arjefm-89	103	26	on	on	ADP
arjefm-89	103	27	output	output	NOUN
arjefm-89	103	28	and	and	CCONJ
arjefm-89	103	29	prices	price	NOUN
arjefm-89	103	30	compared	compare	VERB
arjefm-89	103	31	to	to	ADP
arjefm-89	103	32	retail	retail	ADJ
arjefm-89	103	33	interest	interest	NOUN
arjefm-89	103	34	rates	rate	NOUN
arjefm-89	103	35	.	.	PUNCT
arjefm-89	104	1	sanusi	sanusi	PROPN
arjefm-89	104	2	(	(	PUNCT
arjefm-89	104	3	2010	2010	NUM
arjefm-89	104	4	)	)	PUNCT
arjefm-89	104	5	on	on	ADP
arjefm-89	104	6	nigeria	nigeria	PROPN
arjefm-89	104	7	found	find	VERB
arjefm-89	104	8	interest	interest	NOUN
arjefm-89	104	9	rate	rate	NOUN
arjefm-89	104	10	pass	pass	VERB
arjefm-89	104	11	-	-	PUNCT
arjefm-89	104	12	through	through	NOUN
arjefm-89	104	13	to	to	PART
arjefm-89	104	14	be	be	AUX
arjefm-89	104	15	characterized	characterize	VERB
arjefm-89	104	16	by	by	ADP
arjefm-89	104	17	an	an	DET
arjefm-89	104	18	incomplete	incomplete	ADJ
arjefm-89	104	19	degree	degree	NOUN
arjefm-89	104	20	of	of	ADP
arjefm-89	104	21	pass	pass	NOUN
arjefm-89	104	22	-	-	PUNCT
arjefm-89	104	23	through	through	NOUN
arjefm-89	104	24	from	from	ADP
arjefm-89	104	25	the	the	DET
arjefm-89	104	26	policy	policy	NOUN
arjefm-89	104	27	rate	rate	NOUN
arjefm-89	104	28	to	to	ADP
arjefm-89	104	29	the	the	DET
arjefm-89	104	30	interbank	interbank	NOUN
arjefm-89	104	31	and	and	CCONJ
arjefm-89	104	32	retail	retail	ADJ
arjefm-89	104	33	lending	lending	NOUN
arjefm-89	104	34	and	and	CCONJ
arjefm-89	104	35	deposit	deposit	NOUN
arjefm-89	104	36	rates	rate	NOUN
arjefm-89	104	37	,	,	PUNCT
arjefm-89	104	38	however	however	ADV
arjefm-89	104	39	,	,	PUNCT
arjefm-89	104	40	with	with	ADP
arjefm-89	104	41	a	a	DET
arjefm-89	104	42	higher	high	ADJ
arjefm-89	104	43	degree	degree	NOUN
arjefm-89	104	44	from	from	ADP
arjefm-89	104	45	the	the	DET
arjefm-89	104	46	policy	policy	NOUN
arjefm-89	104	47	rate	rate	NOUN
arjefm-89	104	48	to	to	ADP
arjefm-89	104	49	the	the	DET
arjefm-89	104	50	interbank	interbank	NOUN
arjefm-89	104	51	rate	rate	NOUN
arjefm-89	104	52	compared	compare	VERB
arjefm-89	104	53	to	to	ADP
arjefm-89	104	54	the	the	DET
arjefm-89	104	55	retail	retail	ADJ
arjefm-89	104	56	lending	lending	NOUN
arjefm-89	104	57	and	and	CCONJ
arjefm-89	104	58	deposit	deposit	NOUN
arjefm-89	104	59	rates	rate	NOUN
arjefm-89	104	60	.	.	PUNCT
arjefm-89	105	1	the	the	DET
arjefm-89	105	2	study	study	NOUN
arjefm-89	105	3	also	also	ADV
arjefm-89	105	4	showed	show	VERB
arjefm-89	105	5	a	a	DET
arjefm-89	105	6	higher	high	ADJ
arjefm-89	105	7	pass	pass	NOUN
arjefm-89	105	8	-	-	PUNCT
arjefm-89	105	9	through	through	NOUN
arjefm-89	105	10	to	to	ADP
arjefm-89	105	11	the	the	DET
arjefm-89	105	12	interbank	interbank	NOUN
arjefm-89	105	13	rates	rate	NOUN
arjefm-89	105	14	post	post	NOUN
arjefm-89	105	15	-	-	NOUN
arjefm-89	105	16	consolidation	consolidation	NOUN
arjefm-89	105	17	,	,	PUNCT
arjefm-89	105	18	but	but	CCONJ
arjefm-89	105	19	the	the	DET
arjefm-89	105	20	pass	pass	VERB
arjefm-89	105	21	-	-	PUNCT
arjefm-89	105	22	through	through	NOUN
arjefm-89	105	23	to	to	ADP
arjefm-89	105	24	retail	retail	ADJ
arjefm-89	105	25	rates	rate	NOUN
arjefm-89	105	26	was	be	AUX
arjefm-89	105	27	weaker	weak	ADJ
arjefm-89	105	28	pre	pre	NOUN
arjefm-89	105	29	-	-	NOUN
arjefm-89	105	30	consolidation	consolidation	NOUN
arjefm-89	105	31	.	.	PUNCT
arjefm-89	106	1	this	this	DET
arjefm-89	106	2	outcome	outcome	NOUN
arjefm-89	106	3	of	of	ADP
arjefm-89	106	4	an	an	DET
arjefm-89	106	5	incomplete	incomplete	ADJ
arjefm-89	106	6	interest	interest	NOUN
arjefm-89	106	7	rate	rate	NOUN
arjefm-89	106	8	pass	pass	NOUN
arjefm-89	106	9	-	-	PUNCT
arjefm-89	106	10	through	through	NOUN
arjefm-89	106	11	to	to	ADP
arjefm-89	106	12	the	the	DET
arjefm-89	106	13	lending	lending	NOUN
arjefm-89	106	14	and	and	CCONJ
arjefm-89	106	15	deposit	deposit	NOUN
arjefm-89	106	16	rates	rate	NOUN
arjefm-89	106	17	was	be	AUX
arjefm-89	106	18	reinforced	reinforce	VERB
arjefm-89	106	19	by	by	ADP
arjefm-89	106	20	similar	similar	ADJ
arjefm-89	106	21	studies	study	NOUN
arjefm-89	106	22	such	such	ADJ
arjefm-89	106	23	as	as	ADP
arjefm-89	106	24	okello	okello	PROPN
arjefm-89	106	25	(	(	PUNCT
arjefm-89	106	26	2014	2014	NUM
arjefm-89	106	27	)	)	PUNCT
arjefm-89	106	28	in	in	ADP
arjefm-89	106	29	uganda	uganda	PROPN
arjefm-89	106	30	,	,	PUNCT
arjefm-89	106	31	fomum	fomum	NOUN
arjefm-89	106	32	(	(	PUNCT
arjefm-89	106	33	2011	2011	NUM
arjefm-89	106	34	)	)	PUNCT
arjefm-89	106	35	on	on	ADP
arjefm-89	106	36	nigeria	nigeria	PROPN
arjefm-89	106	37	and	and	CCONJ
arjefm-89	106	38	cameroon	cameroon	PROPN
arjefm-89	106	39	,	,	PUNCT
arjefm-89	106	40	and	and	CCONJ
arjefm-89	106	41	mordi	mordi	NOUN
arjefm-89	106	42	,	,	PUNCT
arjefm-89	106	43	adebiyi	adebiyi	NOUN
arjefm-89	106	44	,	,	PUNCT
arjefm-89	106	45	and	and	CCONJ
arjefm-89	106	46	omotosho	omotosho	NOUN
arjefm-89	106	47	(	(	PUNCT
arjefm-89	106	48	2019	2019	NUM
arjefm-89	106	49	)	)	PUNCT
arjefm-89	106	50	using	use	VERB
arjefm-89	106	51	a	a	DET
arjefm-89	106	52	structural	structural	ADJ
arjefm-89	106	53	break	break	NOUN
arjefm-89	106	54	approach	approach	NOUN
arjefm-89	106	55	in	in	ADP
arjefm-89	106	56	nigeria	nigeria	PROPN
arjefm-89	106	57	.	.	PUNCT
arjefm-89	107	1	in	in	ADP
arjefm-89	107	2	summary	summary	NOUN
arjefm-89	107	3	,	,	PUNCT
arjefm-89	107	4	the	the	DET
arjefm-89	107	5	reviewed	review	VERB
arjefm-89	107	6	studies	study	NOUN
arjefm-89	107	7	showed	show	VERB
arjefm-89	107	8	that	that	SCONJ
arjefm-89	107	9	interest	interest	NOUN
arjefm-89	107	10	rate	rate	NOUN
arjefm-89	107	11	pass	pass	NOUN
arjefm-89	107	12	-	-	PUNCT
arjefm-89	107	13	through	through	NOUN
arjefm-89	107	14	in	in	ADP
arjefm-89	107	15	the	the	DET
arjefm-89	107	16	examined	examine	VERB
arjefm-89	107	17	countries	country	NOUN
arjefm-89	107	18	has	have	AUX
arjefm-89	107	19	mixed	mix	VERB
arjefm-89	107	20	outcomes	outcome	NOUN
arjefm-89	107	21	,	,	PUNCT
arjefm-89	107	22	with	with	ADP
arjefm-89	107	23	some	some	DET
arjefm-89	107	24	studies	study	NOUN
arjefm-89	107	25	exhibiting	exhibit	VERB
arjefm-89	107	26	an	an	DET
arjefm-89	107	27	incomplete	incomplete	ADJ
arjefm-89	107	28	,	,	PUNCT
arjefm-89	107	29	complete	complete	ADJ
arjefm-89	107	30	,	,	PUNCT
arjefm-89	107	31	or	or	CCONJ
arjefm-89	107	32	overshooting	overshoot	VERB
arjefm-89	107	33	passthrough	passthrough	NOUN
arjefm-89	107	34	.	.	PUNCT
arjefm-89	108	1	hence	hence	ADV
arjefm-89	108	2	,	,	PUNCT
arjefm-89	108	3	this	this	DET
arjefm-89	108	4	paper	paper	NOUN
arjefm-89	108	5	will	will	AUX
arjefm-89	108	6	examine	examine	VERB
arjefm-89	108	7	interest	interest	NOUN
arjefm-89	108	8	rate	rate	NOUN
arjefm-89	108	9	pass	pass	NOUN
arjefm-89	108	10	-	-	PUNCT
arjefm-89	108	11	through	through	NOUN
arjefm-89	108	12	from	from	ADP
arjefm-89	108	13	the	the	DET
arjefm-89	108	14	period	period	NOUN
arjefm-89	108	15	of	of	ADP
arjefm-89	108	16	the	the	DET
arjefm-89	108	17	implementation	implementation	NOUN
arjefm-89	108	18	of	of	ADP
arjefm-89	108	19	the	the	DET
arjefm-89	108	20	monetary	monetary	ADJ
arjefm-89	108	21	policy	policy	NOUN
arjefm-89	108	22	rate	rate	NOUN
arjefm-89	108	23	(	(	PUNCT
arjefm-89	108	24	mpr	mpr	NOUN
arjefm-89	108	25	)	)	PUNCT
arjefm-89	108	26	as	as	ADP
arjefm-89	108	27	the	the	DET
arjefm-89	108	28	policy	policy	NOUN
arjefm-89	108	29	anchor	anchor	NOUN
arjefm-89	108	30	in	in	ADP
arjefm-89	108	31	nigeria	nigeria	PROPN
arjefm-89	108	32	.	.	PUNCT
arjefm-89	109	1	this	this	PRON
arjefm-89	109	2	is	be	AUX
arjefm-89	109	3	to	to	PART
arjefm-89	109	4	determine	determine	VERB
arjefm-89	109	5	the	the	DET
arjefm-89	109	6	effectiveness	effectiveness	NOUN
arjefm-89	109	7	of	of	ADP
arjefm-89	109	8	the	the	DET
arjefm-89	109	9	policy	policy	NOUN
arjefm-89	109	10	rate	rate	NOUN
arjefm-89	109	11	on	on	ADP
arjefm-89	109	12	the	the	DET
arjefm-89	109	13	money	money	NOUN
arjefm-89	109	14	market	market	NOUN
arjefm-89	109	15	and	and	CCONJ
arjefm-89	109	16	retail	retail	ADJ
arjefm-89	109	17	rates	rate	NOUN
arjefm-89	109	18	.	.	PUNCT
arjefm-89	110	1	the	the	DET
arjefm-89	110	2	rest	rest	NOUN
arjefm-89	110	3	of	of	ADP
arjefm-89	110	4	the	the	DET
arjefm-89	110	5	paper	paper	NOUN
arjefm-89	110	6	is	be	AUX
arjefm-89	110	7	designed	design	VERB
arjefm-89	110	8	as	as	SCONJ
arjefm-89	110	9	follows	follow	NOUN
arjefm-89	110	10	.	.	PUNCT
arjefm-89	111	1	section	section	NOUN
arjefm-89	111	2	three	three	NUM
arjefm-89	111	3	discusses	discuss	VERB
arjefm-89	111	4	the	the	DET
arjefm-89	111	5	approaches	approach	NOUN
arjefm-89	111	6	to	to	PART
arjefm-89	111	7	arrive	arrive	VERB
arjefm-89	111	8	at	at	ADP
arjefm-89	111	9	the	the	DET
arjefm-89	111	10	objectives	objective	NOUN
arjefm-89	111	11	.	.	PUNCT
arjefm-89	112	1	section	section	NOUN
arjefm-89	112	2	four	four	NUM
arjefm-89	112	3	analyses	analysis	NOUN
arjefm-89	112	4	and	and	CCONJ
arjefm-89	112	5	discusses	discuss	VERB
arjefm-89	112	6	the	the	DET
arjefm-89	112	7	results	result	NOUN
arjefm-89	112	8	,	,	PUNCT
arjefm-89	112	9	while	while	SCONJ
arjefm-89	112	10	the	the	DET
arjefm-89	112	11	final	final	ADJ
arjefm-89	112	12	section	section	NOUN
arjefm-89	112	13	concludes	conclude	VERB
arjefm-89	112	14	the	the	DET
arjefm-89	112	15	paper	paper	NOUN
arjefm-89	112	16	with	with	ADP
arjefm-89	112	17	some	some	DET
arjefm-89	112	18	recommendations	recommendation	NOUN
arjefm-89	112	19	.	.	PUNCT
arjefm-89	113	1	3	3	X
arjefm-89	113	2	.	.	X
arjefm-89	113	3	methodology	methodology	NOUN
arjefm-89	113	4	our	our	PRON
arjefm-89	113	5	conceptual	conceptual	ADJ
arjefm-89	113	6	framework	framework	NOUN
arjefm-89	113	7	starts	start	VERB
arjefm-89	113	8	from	from	ADP
arjefm-89	113	9	the	the	DET
arjefm-89	113	10	monte	monte	PROPN
arjefm-89	113	11	-	-	PUNCT
arjefm-89	113	12	klein	klein	PROPN
arjefm-89	113	13	model	model	NOUN
arjefm-89	113	14	for	for	ADP
arjefm-89	113	15	bank	bank	NOUN
arjefm-89	113	16	profit	profit	NOUN
arjefm-89	113	17	maximization	maximization	NOUN
arjefm-89	113	18	.	.	PUNCT
arjefm-89	114	1	this	this	DET
arjefm-89	114	2	model	model	NOUN
arjefm-89	114	3	has	have	AUX
arjefm-89	114	4	been	be	AUX
arjefm-89	114	5	previously	previously	ADV
arjefm-89	114	6	used	use	VERB
arjefm-89	114	7	by	by	ADP
arjefm-89	114	8	mbowe	mbowe	ADP
arjefm-89	114	9	(	(	PUNCT
arjefm-89	114	10	2015	2015	NUM
arjefm-89	114	11	)	)	PUNCT
arjefm-89	114	12	and	and	CCONJ
arjefm-89	114	13	roseline	roseline	NOUN
arjefm-89	114	14	,	,	PUNCT
arjefm-89	114	15	nyamongo	nyamongo	NOUN
arjefm-89	114	16	,	,	PUNCT
arjefm-89	114	17	and	and	CCONJ
arjefm-89	114	18	kamau	kamau	PROPN
arjefm-89	114	19	(	(	PUNCT
arjefm-89	114	20	2011	2011	NUM
arjefm-89	114	21	)	)	PUNCT
arjefm-89	114	22	.	.	PUNCT
arjefm-89	115	1	according	accord	VERB
arjefm-89	115	2	to	to	ADP
arjefm-89	115	3	the	the	DET
arjefm-89	115	4	framework	framework	NOUN
arjefm-89	115	5	,	,	PUNCT
arjefm-89	115	6	commercial	commercial	ADJ
arjefm-89	115	7	banks	bank	NOUN
arjefm-89	115	8	have	have	VERB
arjefm-89	115	9	a	a	DET
arjefm-89	115	10	direct	direct	ADJ
arjefm-89	115	11	relationship	relationship	NOUN
arjefm-89	115	12	with	with	ADP
arjefm-89	115	13	the	the	DET
arjefm-89	115	14	central	central	ADJ
arjefm-89	115	15	banks	bank	NOUN
arjefm-89	115	16	and	and	CCONJ
arjefm-89	115	17	therefore	therefore	ADV
arjefm-89	115	18	,	,	PUNCT
arjefm-89	115	19	maximize	maximize	VERB
arjefm-89	115	20	profit	profit	NOUN
arjefm-89	115	21	visa	visa	NOUN
arjefm-89	115	22	-	-	PUNCT
arjefm-89	115	23	vis	vis	X
arjefm-89	115	24	their	their	PRON
arjefm-89	115	25	balance	balance	NOUN
arjefm-89	115	26	sheet	sheet	NOUN
arjefm-89	115	27	.	.	PUNCT
arjefm-89	116	1	from	from	ADP
arjefm-89	116	2	the	the	DET
arjefm-89	116	3	balance	balance	NOUN
arjefm-89	116	4	sheet	sheet	NOUN
arjefm-89	116	5	,	,	PUNCT
arjefm-89	116	6	assets	asset	NOUN
arjefm-89	116	7	and	and	CCONJ
arjefm-89	116	8	liabilities	liability	NOUN
arjefm-89	116	9	must	must	AUX
arjefm-89	116	10	be	be	AUX
arjefm-89	116	11	equal	equal	ADJ
arjefm-89	116	12	.	.	PUNCT
arjefm-89	117	1	loans	loan	NOUN
arjefm-89	117	2	and	and	CCONJ
arjefm-89	117	3	reserves	reserve	NOUN
arjefm-89	117	4	are	be	AUX
arjefm-89	117	5	on	on	ADP
arjefm-89	117	6	the	the	DET
arjefm-89	117	7	asset	asset	NOUN
arjefm-89	117	8	side	side	NOUN
arjefm-89	117	9	,	,	PUNCT
arjefm-89	117	10	while	while	SCONJ
arjefm-89	117	11	deposits	deposit	NOUN
arjefm-89	117	12	and	and	CCONJ
arjefm-89	117	13	settlements	settlement	NOUN
arjefm-89	117	14	with	with	ADP
arjefm-89	117	15	the	the	DET
arjefm-89	117	16	central	central	ADJ
arjefm-89	117	17	bank	bank	NOUN
arjefm-89	117	18	are	be	AUX
arjefm-89	117	19	on	on	ADP
arjefm-89	117	20	the	the	DET
arjefm-89	117	21	liability	liability	NOUN
arjefm-89	117	22	side	side	NOUN
arjefm-89	117	23	of	of	ADP
arjefm-89	117	24	the	the	DET
arjefm-89	117	25	balance	balance	NOUN
arjefm-89	117	26	sheet	sheet	NOUN
arjefm-89	117	27	.	.	PUNCT
arjefm-89	118	1	computing	compute	VERB
arjefm-89	118	2	this	this	PRON
arjefm-89	118	3	gives	give	VERB
arjefm-89	118	4	our	our	PRON
arjefm-89	118	5	first	first	ADJ
arjefm-89	118	6	equation	equation	NOUN
arjefm-89	118	7	below	below	ADV
arjefm-89	118	8	.	.	PUNCT
arjefm-89	119	1	r	r	NOUN
arjefm-89	119	2	l	l	NOUN
arjefm-89	119	3	d	d	X
arjefm-89	119	4	s	s	NOUN
arjefm-89	119	5	1	1	NUM
arjefm-89	119	6	assume	assume	VERB
arjefm-89	119	7	commercial	commercial	ADJ
arjefm-89	119	8	banks	bank	NOUN
arjefm-89	119	9	grant	grant	VERB
arjefm-89	119	10	loans	loan	NOUN
arjefm-89	119	11	at	at	ADP
arjefm-89	119	12	rate	rate	NOUN
arjefm-89	119	13	il	il	PROPN
arjefm-89	119	14	,	,	PUNCT
arjefm-89	119	15	pays	pay	VERB
arjefm-89	119	16	for	for	ADP
arjefm-89	119	17	its	its	PRON
arjefm-89	119	18	deposits	deposit	NOUN
arjefm-89	119	19	at	at	ADP
arjefm-89	119	20	rate	rate	NOUN
arjefm-89	119	21	i	i	PROPN
arjefm-89	119	22	d	d	PROPN
arjefm-89	119	23	,	,	PUNCT
arjefm-89	119	24	incurs	incur	VERB
arjefm-89	119	25	cost	cost	NOUN
arjefm-89	119	26	of	of	ADP
arjefm-89	119	27	deposit	deposit	NOUN
arjefm-89	119	28	and	and	CCONJ
arjefm-89	119	29	loans	loan	NOUN
arjefm-89	119	30	at	at	ADP
arjefm-89	119	31	mland	mland	ADV
arjefm-89	119	32	these	these	DET
arjefm-89	119	33	banks	bank	NOUN
arjefm-89	119	34	perform	perform	VERB
arjefm-89	119	35	clearing	clearing	NOUN
arjefm-89	119	36	activities	activity	NOUN
arjefm-89	119	37	with	with	ADP
arjefm-89	119	38	the	the	DET
arjefm-89	119	39	central	central	ADJ
arjefm-89	119	40	bank	bank	NOUN
arjefm-89	119	41	,	,	PUNCT
arjefm-89	119	42	the	the	DET
arjefm-89	119	43	banks	bank	NOUN
arjefm-89	119	44	with	with	ADP
arjefm-89	119	45	a	a	DET
arjefm-89	119	46	negative	negative	ADJ
arjefm-89	119	47	settlement	settlement	NOUN
arjefm-89	119	48	balance	balance	NOUN
arjefm-89	119	49	will	will	AUX
arjefm-89	119	50	therefore	therefore	ADV
arjefm-89	119	51	pay	pay	VERB
arjefm-89	119	52	a	a	DET
arjefm-89	119	53	fine	fine	ADJ
arjefm-89	119	54	ip	ip	NOUN
arjefm-89	119	55	equivalent	equivalent	ADJ
arjefm-89	119	56	to	to	ADP
arjefm-89	119	57	the	the	DET
arjefm-89	119	58	policy	policy	NOUN
arjefm-89	119	59	rate	rate	NOUN
arjefm-89	119	60	.	.	PUNCT
arjefm-89	120	1	the	the	DET
arjefm-89	120	2	profit	profit	NOUN
arjefm-89	120	3	maximization	maximization	NOUN
arjefm-89	120	4	function	function	NOUN
arjefm-89	120	5	now	now	ADV
arjefm-89	120	6	becomes	become	VERB
arjefm-89	120	7	:	:	PUNCT
arjefm-89	120	8	(	(	PUNCT
arjefm-89	120	9	d	d	NOUN
arjefm-89	120	10	,	,	PUNCT
arjefm-89	120	11	l	l	NOUN
arjefm-89	120	12	)	)	PUNCT
arjefm-89	120	13	ill	ill	ADJ
arjefm-89	120	14	id(r	id(r	NOUN
arjefm-89	120	15	l	l	NOUN
arjefm-89	120	16	s	s	X
arjefm-89	120	17	)	)	PUNCT
arjefm-89	120	18	ip	ip	NOUN
arjefm-89	120	19	(	(	PUNCT
arjefm-89	120	20	s	s	NOUN
arjefm-89	120	21	r	r	NOUN
arjefm-89	120	22	)	)	PUNCT
arjefm-89	120	23	ml	ml	ADP
arjefm-89	120	24	2	2	NUM
arjefm-89	120	25	from	from	ADP
arjefm-89	120	26	the	the	DET
arjefm-89	120	27	above	above	ADJ
arjefm-89	120	28	,	,	PUNCT
arjefm-89	120	29	two	two	NUM
arjefm-89	120	30	options	option	NOUN
arjefm-89	120	31	are	be	AUX
arjefm-89	120	32	being	be	AUX
arjefm-89	120	33	faced	face	VERB
arjefm-89	120	34	by	by	ADP
arjefm-89	120	35	commercial	commercial	ADJ
arjefm-89	120	36	banks	bank	NOUN
arjefm-89	120	37	,	,	PUNCT
arjefm-89	120	38	which	which	PRON
arjefm-89	120	39	is	be	AUX
arjefm-89	120	40	the	the	DET
arjefm-89	120	41	quantity	quantity	NOUN
arjefm-89	120	42	of	of	ADP
arjefm-89	120	43	loans	loan	NOUN
arjefm-89	120	44	they	they	PRON
arjefm-89	120	45	give	give	VERB
arjefm-89	120	46	and	and	CCONJ
arjefm-89	120	47	the	the	DET
arjefm-89	120	48	amount	amount	NOUN
arjefm-89	120	49	they	they	PRON
arjefm-89	120	50	choose	choose	VERB
arjefm-89	120	51	to	to	PART
arjefm-89	120	52	have	have	VERB
arjefm-89	120	53	as	as	ADP
arjefm-89	120	54	reserves	reserve	NOUN
arjefm-89	120	55	.	.	PUNCT
arjefm-89	121	1	therefore	therefore	ADV
arjefm-89	121	2	,	,	PUNCT
arjefm-89	121	3	differentiating	differentiate	VERB
arjefm-89	121	4	equation	equation	NOUN
arjefm-89	121	5	2	2	NUM
arjefm-89	121	6	with	with	ADP
arjefm-89	121	7	respect	respect	NOUN
arjefm-89	121	8	to	to	ADP
arjefm-89	121	9	loans	loan	NOUN
arjefm-89	121	10	and	and	CCONJ
arjefm-89	121	11	reserves	reserve	NOUN
arjefm-89	121	12	gives	give	VERB
arjefm-89	121	13	:	:	PUNCT
arjefm-89	121	14	il	il	PROPN
arjefm-89	121	15	i	i	PROPN
arjefm-89	121	16	d	d	PROPN
arjefm-89	121	17	m	m	VERB
arjefm-89	121	18	3	3	NUM
arjefm-89	121	19	i	i	NOUN
arjefm-89	121	20	d	d	NOUN
arjefm-89	122	1	i	i	PRON
arjefm-89	122	2	p	p	PROPN
arjefm-89	122	3	4	4	NUM
arjefm-89	122	4	mailto:contact@americaserial.com	mailto:contact@americaserial.com	NOUN
arjefm-89	122	5	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	122	6	american	american	PROPN
arjefm-89	122	7	research	research	PROPN
arjefm-89	122	8	journal	journal	PROPN
arjefm-89	122	9	of	of	ADP
arjefm-89	122	10	economics	economic	NOUN
arjefm-89	122	11	,	,	PUNCT
arjefm-89	122	12	finance	finance	NOUN
arjefm-89	122	13	and	and	CCONJ
arjefm-89	122	14	management	management	NOUN
arjefm-89	122	15	volume	volume	NOUN
arjefm-89	122	16	11	11	NUM
arjefm-89	122	17	issue	issue	NOUN
arjefm-89	122	18	3	3	NUM
arjefm-89	122	19	,	,	PUNCT
arjefm-89	122	20	july	july	PROPN
arjefm-89	122	21	-	-	PUNCT
arjefm-89	122	22	september	september	PROPN
arjefm-89	122	23	2023	2023	NUM
arjefm-89	122	24	issn	issn	PROPN
arjefm-89	122	25	:	:	PUNCT
arjefm-89	122	26	2836	2836	NUM
arjefm-89	122	27	-	-	SYM
arjefm-89	122	28	9416	9416	NUM
arjefm-89	122	29	impact	impact	NOUN
arjefm-89	122	30	factor	factor	NOUN
arjefm-89	122	31	:	:	PUNCT
arjefm-89	122	32	5.57	5.57	NUM
arjefm-89	122	33	journal	journal	NOUN
arjefm-89	122	34	homepage	homepage	NOUN
arjefm-89	122	35	:	:	PUNCT
arjefm-89	122	36	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	122	37	,	,	PUNCT
arjefm-89	122	38	email	email	NOUN
arjefm-89	122	39	:	:	PUNCT
arjefm-89	122	40	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	122	41	official	official	ADJ
arjefm-89	122	42	journal	journal	PROPN
arjefm-89	122	43	of	of	ADP
arjefm-89	122	44	america	america	PROPN
arjefm-89	122	45	serial	serial	PROPN
arjefm-89	122	46	publication	publication	NOUN
arjefm-89	122	47	american	american	PROPN
arjefm-89	122	48	research	research	PROPN
arjefm-89	122	49	journal	journal	PROPN
arjefm-89	122	50	of	of	ADP
arjefm-89	122	51	economics	economic	NOUN
arjefm-89	122	52	,	,	PUNCT
arjefm-89	122	53	finance	finance	NOUN
arjefm-89	122	54	and	and	CCONJ
arjefm-89	122	55	management	management	NOUN
arjefm-89	122	56	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	122	57	,	,	PUNCT
arjefm-89	122	58	email	email	NOUN
arjefm-89	122	59	:	:	PUNCT
arjefm-89	122	60	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	123	1	6	6	NUM
arjefm-89	123	2	|	|	ADV
arjefm-89	123	3	p	p	X
arjefm-89	123	4	a	a	DET
arjefm-89	123	5	g	g	NOUN
arjefm-89	123	6	e	e	NOUN
arjefm-89	123	7	combining	combine	VERB
arjefm-89	123	8	equations	equation	NOUN
arjefm-89	123	9	3	3	NUM
arjefm-89	123	10	and	and	CCONJ
arjefm-89	123	11	4	4	NUM
arjefm-89	123	12	gives	give	VERB
arjefm-89	123	13	a	a	DET
arjefm-89	123	14	linear	linear	ADJ
arjefm-89	123	15	relationship	relationship	NOUN
arjefm-89	123	16	between	between	ADP
arjefm-89	123	17	the	the	DET
arjefm-89	123	18	lending	lending	NOUN
arjefm-89	123	19	and	and	CCONJ
arjefm-89	123	20	policy	policy	NOUN
arjefm-89	123	21	rate	rate	NOUN
arjefm-89	123	22	.	.	PUNCT
arjefm-89	124	1	il	il	PROPN
arjefm-89	124	2	m	m	VERB
arjefm-89	124	3	i	i	PRON
arjefm-89	124	4	p	p	ADJ
arjefm-89	124	5	5	5	NUM
arjefm-89	124	6	hence	hence	ADV
arjefm-89	124	7	,	,	PUNCT
arjefm-89	124	8	the	the	DET
arjefm-89	124	9	first	first	ADJ
arjefm-89	124	10	stage	stage	NOUN
arjefm-89	124	11	of	of	ADP
arjefm-89	124	12	interest	interest	NOUN
arjefm-89	124	13	rate	rate	NOUN
arjefm-89	124	14	pass	pass	NOUN
arjefm-89	124	15	-	-	PUNCT
arjefm-89	124	16	through	through	NOUN
arjefm-89	124	17	,	,	PUNCT
arjefm-89	124	18	known	know	VERB
arjefm-89	124	19	as	as	ADP
arjefm-89	124	20	the	the	DET
arjefm-89	124	21	monetary	monetary	ADJ
arjefm-89	124	22	approach	approach	NOUN
arjefm-89	124	23	,	,	PUNCT
arjefm-89	124	24	will	will	AUX
arjefm-89	124	25	see	see	VERB
arjefm-89	124	26	a	a	DET
arjefm-89	124	27	passthrough	passthrough	NOUN
arjefm-89	124	28	from	from	ADP
arjefm-89	124	29	the	the	DET
arjefm-89	124	30	policy	policy	NOUN
arjefm-89	124	31	rate	rate	NOUN
arjefm-89	124	32	to	to	ADP
arjefm-89	124	33	the	the	DET
arjefm-89	124	34	money	money	NOUN
arjefm-89	124	35	market	market	NOUN
arjefm-89	124	36	rate	rate	NOUN
arjefm-89	124	37	(	(	PUNCT
arjefm-89	124	38	interbank	interbank	NOUN
arjefm-89	124	39	rate	rate	NOUN
arjefm-89	124	40	and	and	CCONJ
arjefm-89	124	41	other	other	ADJ
arjefm-89	124	42	money	money	NOUN
arjefm-89	124	43	market	market	NOUN
arjefm-89	124	44	instruments	instrument	NOUN
arjefm-89	124	45	)	)	PUNCT
arjefm-89	124	46	,	,	PUNCT
arjefm-89	124	47	while	while	SCONJ
arjefm-89	124	48	the	the	DET
arjefm-89	124	49	final	final	ADJ
arjefm-89	124	50	stage	stage	NOUN
arjefm-89	124	51	,	,	PUNCT
arjefm-89	124	52	simply	simply	ADV
arjefm-89	124	53	known	know	VERB
arjefm-89	124	54	as	as	ADP
arjefm-89	124	55	the	the	DET
arjefm-89	124	56	cost	cost	NOUN
arjefm-89	124	57	of	of	ADP
arjefm-89	124	58	fund	fund	NOUN
arjefm-89	124	59	approach	approach	NOUN
arjefm-89	124	60	,	,	PUNCT
arjefm-89	124	61	will	will	AUX
arjefm-89	124	62	see	see	VERB
arjefm-89	124	63	a	a	DET
arjefm-89	124	64	pass	pass	NOUN
arjefm-89	124	65	-	-	PUNCT
arjefm-89	124	66	through	through	NOUN
arjefm-89	124	67	from	from	ADP
arjefm-89	124	68	the	the	DET
arjefm-89	124	69	interbank	interbank	NOUN
arjefm-89	124	70	rate	rate	NOUN
arjefm-89	124	71	to	to	ADP
arjefm-89	124	72	the	the	DET
arjefm-89	124	73	retail	retail	ADJ
arjefm-89	124	74	interest	interest	NOUN
arjefm-89	124	75	rates	rate	NOUN
arjefm-89	124	76	(	(	PUNCT
arjefm-89	124	77	lending	lending	NOUN
arjefm-89	124	78	and	and	CCONJ
arjefm-89	124	79	deposit	deposit	NOUN
arjefm-89	124	80	rates	rate	NOUN
arjefm-89	124	81	)	)	PUNCT
arjefm-89	124	82	.	.	PUNCT
arjefm-89	125	1	re	re	VERB
arjefm-89	125	2	-	-	VERB
arjefm-89	125	3	specifying	specify	VERB
arjefm-89	125	4	equation	equation	NOUN
arjefm-89	125	5	5	5	NUM
arjefm-89	125	6	into	into	ADP
arjefm-89	125	7	the	the	DET
arjefm-89	125	8	pass	pass	NOUN
arjefm-89	125	9	-	-	PUNCT
arjefm-89	125	10	through	through	NOUN
arjefm-89	125	11	from	from	ADP
arjefm-89	125	12	policy	policy	NOUN
arjefm-89	125	13	rate	rate	NOUN
arjefm-89	125	14	to	to	ADP
arjefm-89	125	15	money	money	NOUN
arjefm-89	125	16	market	market	NOUN
arjefm-89	125	17	rate	rate	NOUN
arjefm-89	125	18	and	and	CCONJ
arjefm-89	125	19	from	from	ADP
arjefm-89	125	20	the	the	DET
arjefm-89	125	21	money	money	NOUN
arjefm-89	125	22	market	market	NOUN
arjefm-89	125	23	rate	rate	NOUN
arjefm-89	125	24	to	to	ADP
arjefm-89	125	25	retail	retail	ADJ
arjefm-89	125	26	rate	rate	NOUN
arjefm-89	125	27	gives	give	VERB
arjefm-89	125	28	:	:	PUNCT
arjefm-89	126	1	rit	rit	NOUN
arjefm-89	126	2	0	0	NUM
arjefm-89	126	3	1r	1r	NUM
arjefm-89	126	4	pt	pt	NOUN
arjefm-89	126	5	t	t	PROPN
arjefm-89	126	6	6	6	NUM
arjefm-89	126	7	rrt	rrt	NOUN
arjefm-89	126	8	1	1	NUM
arjefm-89	126	9	2r	2r	NUM
arjefm-89	126	10	it	it	PRON
arjefm-89	126	11	t	t	PROPN
arjefm-89	126	12	7	7	NUM
arjefm-89	126	13	rrt	rrt	NUM
arjefm-89	126	14	2	2	NUM
arjefm-89	126	15	3r	3r	NUM
arjefm-89	126	16	pt	pt	NOUN
arjefm-89	126	17	t	t	PROPN
arjefm-89	126	18	8	8	NUM
arjefm-89	126	19	where	where	SCONJ
arjefm-89	126	20	equations	equation	NOUN
arjefm-89	126	21	6	6	NUM
arjefm-89	126	22	,	,	PUNCT
arjefm-89	126	23	7	7	NUM
arjefm-89	126	24	and	and	CCONJ
arjefm-89	126	25	8	8	NUM
arjefm-89	126	26	represent	represent	VERB
arjefm-89	126	27	the	the	DET
arjefm-89	126	28	pass	pass	NOUN
arjefm-89	126	29	-	-	PUNCT
arjefm-89	126	30	through	through	NOUN
arjefm-89	126	31	from	from	ADP
arjefm-89	126	32	the	the	DET
arjefm-89	126	33	policy	policy	NOUN
arjefm-89	126	34	rate	rate	NOUN
arjefm-89	126	35	to	to	ADP
arjefm-89	126	36	the	the	DET
arjefm-89	126	37	money	money	NOUN
arjefm-89	126	38	market	market	NOUN
arjefm-89	126	39	rate	rate	NOUN
arjefm-89	126	40	(	(	PUNCT
arjefm-89	126	41	interbank	interbank	NOUN
arjefm-89	126	42	rate	rate	NOUN
arjefm-89	126	43	)	)	PUNCT
arjefm-89	126	44	,	,	PUNCT
arjefm-89	126	45	the	the	DET
arjefm-89	126	46	interbank	interbank	NOUN
arjefm-89	126	47	rate	rate	NOUN
arjefm-89	126	48	to	to	ADP
arjefm-89	126	49	the	the	DET
arjefm-89	126	50	retail	retail	ADJ
arjefm-89	126	51	rates	rate	NOUN
arjefm-89	126	52	(	(	PUNCT
arjefm-89	126	53	lending	lending	NOUN
arjefm-89	126	54	and	and	CCONJ
arjefm-89	126	55	deposit	deposit	NOUN
arjefm-89	126	56	rates	rate	NOUN
arjefm-89	126	57	)	)	PUNCT
arjefm-89	126	58	and	and	CCONJ
arjefm-89	126	59	from	from	ADP
arjefm-89	126	60	the	the	DET
arjefm-89	126	61	policy	policy	NOUN
arjefm-89	126	62	rate	rate	NOUN
arjefm-89	126	63	to	to	ADP
arjefm-89	126	64	the	the	DET
arjefm-89	126	65	retail	retail	ADJ
arjefm-89	126	66	rates	rate	NOUN
arjefm-89	126	67	respectively	respectively	ADV
arjefm-89	126	68	.	.	PUNCT
arjefm-89	127	1	rpt	rpt	NOUN
arjefm-89	127	2	represents	represent	VERB
arjefm-89	127	3	the	the	DET
arjefm-89	127	4	policy	policy	NOUN
arjefm-89	127	5	rate	rate	NOUN
arjefm-89	127	6	,	,	PUNCT
arjefm-89	127	7	rit	rit	PROPN
arjefm-89	127	8	represents	represent	VERB
arjefm-89	127	9	the	the	DET
arjefm-89	127	10	interbank	interbank	NOUN
arjefm-89	127	11	rate	rate	NOUN
arjefm-89	127	12	and	and	CCONJ
arjefm-89	127	13	rrt	rrt	NOUN
arjefm-89	127	14	represents	represent	VERB
arjefm-89	127	15	the	the	DET
arjefm-89	127	16	retail	retail	ADJ
arjefm-89	127	17	interest	interest	NOUN
arjefm-89	127	18	rate	rate	NOUN
arjefm-89	127	19	.	.	PUNCT
arjefm-89	128	1	t	t	PROPN
arjefm-89	128	2	is	be	AUX
arjefm-89	128	3	independently	independently	ADV
arjefm-89	128	4	and	and	CCONJ
arjefm-89	128	5	identically	identically	ADV
arjefm-89	128	6	distributed	distribute	VERB
arjefm-89	128	7	with	with	ADP
arjefm-89	128	8	a	a	DET
arjefm-89	128	9	mean	mean	NOUN
arjefm-89	128	10	of	of	ADP
arjefm-89	128	11	zero	zero	NUM
arjefm-89	128	12	and	and	CCONJ
arjefm-89	128	13	a	a	DET
arjefm-89	128	14	constant	constant	ADJ
arjefm-89	128	15	variance	variance	NOUN
arjefm-89	128	16	(	(	PUNCT
arjefm-89	128	17	2	2	NUM
arjefm-89	128	18	)	)	PUNCT
arjefm-89	128	19	,	,	PUNCT
arjefm-89	128	20	n	n	PRON
arjefm-89	128	21	's	's	PART
arjefm-89	128	22	are	be	AUX
arjefm-89	128	23	the	the	DET
arjefm-89	128	24	mark	mark	NOUN
arjefm-89	128	25	-	-	PUNCT
arjefm-89	128	26	ups	up	NOUN
arjefm-89	128	27	and	and	CCONJ
arjefm-89	128	28	n	n	NOUN
arjefm-89	128	29	's	's	PART
arjefm-89	128	30	measures	measure	NOUN
arjefm-89	128	31	the	the	DET
arjefm-89	128	32	degree	degree	NOUN
arjefm-89	128	33	of	of	ADP
arjefm-89	128	34	interest	interest	NOUN
arjefm-89	128	35	rate	rate	NOUN
arjefm-89	128	36	pass	pass	NOUN
arjefm-89	128	37	-	-	PUNCT
arjefm-89	128	38	through	through	NOUN
arjefm-89	128	39	.	.	PUNCT
arjefm-89	129	1	in	in	ADP
arjefm-89	129	2	essence	essence	NOUN
arjefm-89	129	3	,	,	PUNCT
arjefm-89	129	4	interest	interest	NOUN
arjefm-89	129	5	rate	rate	NOUN
arjefm-89	129	6	passthrough	passthrough	NOUN
arjefm-89	129	7	simply	simply	ADV
arjefm-89	129	8	gives	give	VERB
arjefm-89	129	9	an	an	DET
arjefm-89	129	10	explanation	explanation	NOUN
arjefm-89	129	11	of	of	ADP
arjefm-89	129	12	the	the	DET
arjefm-89	129	13	influence	influence	NOUN
arjefm-89	129	14	of	of	ADP
arjefm-89	129	15	the	the	DET
arjefm-89	129	16	policy	policy	NOUN
arjefm-89	129	17	rate	rate	NOUN
arjefm-89	129	18	on	on	ADP
arjefm-89	129	19	the	the	DET
arjefm-89	129	20	money	money	NOUN
arjefm-89	129	21	market	market	NOUN
arjefm-89	129	22	and	and	CCONJ
arjefm-89	129	23	retail	retail	ADJ
arjefm-89	129	24	interest	interest	NOUN
arjefm-89	129	25	rates	rate	NOUN
arjefm-89	129	26	in	in	ADP
arjefm-89	129	27	order	order	NOUN
arjefm-89	129	28	to	to	PART
arjefm-89	129	29	verify	verify	VERB
arjefm-89	129	30	if	if	SCONJ
arjefm-89	129	31	the	the	DET
arjefm-89	129	32	pass	pass	VERB
arjefm-89	129	33	-	-	PUNCT
arjefm-89	129	34	through	through	ADP
arjefm-89	129	35	process	process	NOUN
arjefm-89	129	36	is	be	AUX
arjefm-89	129	37	incomplete	incomplete	ADJ
arjefm-89	129	38	(	(	PUNCT
arjefm-89	129	39	0	0	NUM
arjefm-89	129	40	n	n	NUM
arjefm-89	129	41	1	1	NUM
arjefm-89	129	42	)	)	PUNCT
arjefm-89	129	43	,	,	PUNCT
arjefm-89	129	44	complete	complete	ADJ
arjefm-89	129	45	(	(	PUNCT
arjefm-89	129	46	n	n	NOUN
arjefm-89	129	47	1	1	NUM
arjefm-89	129	48	)	)	PUNCT
arjefm-89	129	49	or	or	CCONJ
arjefm-89	129	50	overshooting	overshoot	VERB
arjefm-89	129	51	(	(	PUNCT
arjefm-89	129	52	n	n	NOUN
arjefm-89	129	53	1	1	NUM
arjefm-89	129	54	)	)	PUNCT
arjefm-89	129	55	(	(	PUNCT
arjefm-89	129	56	lerskullawat	lerskullawat	PROPN
arjefm-89	129	57	,	,	PUNCT
arjefm-89	129	58	2014	2014	NUM
arjefm-89	129	59	)	)	PUNCT
arjefm-89	129	60	.	.	PUNCT
arjefm-89	130	1	by	by	ADP
arjefm-89	130	2	implication	implication	NOUN
arjefm-89	130	3	,	,	PUNCT
arjefm-89	130	4	the	the	DET
arjefm-89	130	5	interest	interest	NOUN
arjefm-89	130	6	rate	rate	NOUN
arjefm-89	130	7	passthrough	passthrough	NOUN
arjefm-89	130	8	measures	measure	VERB
arjefm-89	130	9	the	the	DET
arjefm-89	130	10	degree	degree	NOUN
arjefm-89	130	11	of	of	ADP
arjefm-89	130	12	responsiveness	responsiveness	NOUN
arjefm-89	130	13	of	of	ADP
arjefm-89	130	14	the	the	DET
arjefm-89	130	15	retail	retail	ADJ
arjefm-89	130	16	and	and	CCONJ
arjefm-89	130	17	money	money	NOUN
arjefm-89	130	18	market	market	NOUN
arjefm-89	130	19	rates	rate	NOUN
arjefm-89	130	20	to	to	ADP
arjefm-89	130	21	the	the	DET
arjefm-89	130	22	policy	policy	NOUN
arjefm-89	130	23	rate	rate	NOUN
arjefm-89	130	24	.	.	PUNCT
arjefm-89	131	1	for	for	ADP
arjefm-89	131	2	a	a	DET
arjefm-89	131	3	stationary	stationary	ADJ
arjefm-89	131	4	series	series	NOUN
arjefm-89	131	5	at	at	ADP
arjefm-89	131	6	level	level	NOUN
arjefm-89	131	7	form	form	NOUN
arjefm-89	131	8	,	,	PUNCT
arjefm-89	131	9	the	the	DET
arjefm-89	131	10	above	above	ADJ
arjefm-89	131	11	equations	equation	NOUN
arjefm-89	131	12	6	6	NUM
arjefm-89	131	13	to	to	PART
arjefm-89	131	14	8	8	NUM
arjefm-89	131	15	will	will	AUX
arjefm-89	131	16	be	be	AUX
arjefm-89	131	17	adopted	adopt	VERB
arjefm-89	131	18	since	since	SCONJ
arjefm-89	131	19	the	the	DET
arjefm-89	131	20	model	model	NOUN
arjefm-89	131	21	is	be	AUX
arjefm-89	131	22	in	in	ADP
arjefm-89	131	23	its	its	PRON
arjefm-89	131	24	long	long	ADJ
arjefm-89	131	25	run	run	NOUN
arjefm-89	131	26	form	form	NOUN
arjefm-89	131	27	;	;	PUNCT
arjefm-89	131	28	however	however	ADV
arjefm-89	131	29	,	,	PUNCT
arjefm-89	131	30	for	for	ADP
arjefm-89	131	31	series	series	NOUN
arjefm-89	131	32	that	that	PRON
arjefm-89	131	33	have	have	VERB
arjefm-89	131	34	a	a	DET
arjefm-89	131	35	unit	unit	NOUN
arjefm-89	131	36	root	root	NOUN
arjefm-89	131	37	,	,	PUNCT
arjefm-89	131	38	the	the	DET
arjefm-89	131	39	below	below	ADP
arjefm-89	131	40	short	short	ADJ
arjefm-89	131	41	run	run	NOUN
arjefm-89	131	42	model	model	NOUN
arjefm-89	131	43	will	will	AUX
arjefm-89	131	44	be	be	AUX
arjefm-89	131	45	adopted	adopt	VERB
arjefm-89	131	46	to	to	PART
arjefm-89	131	47	model	model	VERB
arjefm-89	131	48	interest	interest	NOUN
arjefm-89	131	49	rate	rate	NOUN
arjefm-89	131	50	pass	pass	NOUN
arjefm-89	131	51	-	-	PUNCT
arjefm-89	131	52	through	through	NOUN
arjefm-89	131	53	.	.	PUNCT
arjefm-89	132	1	n	n	PRON
arjefm-89	132	2	m	m	AUX
arjefm-89	132	3	rrit	rrit	VERB
arjefm-89	132	4	0	0	NUM
arjefm-89	132	5	1	1	NUM
arjefm-89	132	6	prpt	prpt	NOUN
arjefm-89	132	7	k	k	PROPN
arjefm-89	132	8	prpt	prpt	PROPN
arjefm-89	133	1	k	k	PROPN
arjefm-89	133	2	j	j	PROPN
arjefm-89	133	3	rr	rr	VERB
arjefm-89	133	4	it	it	PRON
arjefm-89	134	1	j	j	PROPN
arjefm-89	134	2	t	t	PROPN
arjefm-89	134	3	9	9	NUM
arjefm-89	134	4	k	k	NOUN
arjefm-89	134	5	1	1	NUM
arjefm-89	134	6	j	j	NOUN
arjefm-89	134	7	1	1	NUM
arjefm-89	134	8	it	it	PRON
arjefm-89	134	9	must	must	AUX
arjefm-89	134	10	be	be	AUX
arjefm-89	134	11	noted	note	VERB
arjefm-89	134	12	that	that	SCONJ
arjefm-89	134	13	equation	equation	NOUN
arjefm-89	134	14	9	9	NUM
arjefm-89	134	15	is	be	AUX
arjefm-89	134	16	a	a	DET
arjefm-89	134	17	hybrid	hybrid	ADJ
arjefm-89	134	18	version	version	NOUN
arjefm-89	134	19	of	of	ADP
arjefm-89	134	20	equations	equation	NOUN
arjefm-89	134	21	6	6	NUM
arjefm-89	134	22	–	–	SYM
arjefm-89	134	23	8	8	NUM
arjefm-89	134	24	,	,	PUNCT
arjefm-89	134	25	depending	depend	VERB
arjefm-89	134	26	on	on	ADP
arjefm-89	134	27	which	which	PRON
arjefm-89	134	28	passthrough	passthrough	NOUN
arjefm-89	134	29	is	be	AUX
arjefm-89	134	30	being	be	AUX
arjefm-89	134	31	examined	examine	VERB
arjefm-89	134	32	where	where	SCONJ
arjefm-89	134	33	m	m	VERB
arjefm-89	134	34	and	and	CCONJ
arjefm-89	134	35	n	n	PRON
arjefm-89	134	36	are	be	AUX
arjefm-89	134	37	the	the	DET
arjefm-89	134	38	maximum	maximum	ADJ
arjefm-89	134	39	lags	lag	NOUN
arjefm-89	134	40	chosen	choose	VERB
arjefm-89	134	41	and	and	CCONJ
arjefm-89	134	42	represents	represent	VERB
arjefm-89	134	43	the	the	DET
arjefm-89	134	44	difference	difference	NOUN
arjefm-89	134	45	operator	operator	NOUN
arjefm-89	134	46	.	.	PUNCT
arjefm-89	135	1	assuming	assume	VERB
arjefm-89	135	2	cointegration	cointegration	NOUN
arjefm-89	135	3	exists	exist	VERB
arjefm-89	135	4	among	among	ADP
arjefm-89	135	5	the	the	DET
arjefm-89	135	6	observed	observed	ADJ
arjefm-89	135	7	variables	variable	NOUN
arjefm-89	135	8	in	in	ADP
arjefm-89	135	9	equation	equation	NOUN
arjefm-89	135	10	9	9	NUM
arjefm-89	135	11	,	,	PUNCT
arjefm-89	135	12	then	then	ADV
arjefm-89	135	13	a	a	DET
arjefm-89	135	14	dynamic	dynamic	ADJ
arjefm-89	135	15	adjustment	adjustment	NOUN
arjefm-89	135	16	that	that	PRON
arjefm-89	135	17	shows	show	VERB
arjefm-89	135	18	the	the	DET
arjefm-89	135	19	speed	speed	NOUN
arjefm-89	135	20	of	of	ADP
arjefm-89	135	21	adjustment	adjustment	NOUN
arjefm-89	135	22	,	,	PUNCT
arjefm-89	135	23	via	via	ADP
arjefm-89	135	24	a	a	DET
arjefm-89	135	25	short	short	ADJ
arjefm-89	135	26	run	run	NOUN
arjefm-89	135	27	disequilibrium	disequilibrium	NOUN
arjefm-89	135	28	to	to	ADP
arjefm-89	135	29	the	the	DET
arjefm-89	135	30	long	long	ADJ
arjefm-89	135	31	run	run	NOUN
arjefm-89	135	32	equilibrium	equilibrium	NOUN
arjefm-89	135	33	is	be	AUX
arjefm-89	135	34	then	then	ADV
arjefm-89	135	35	represented	represent	VERB
arjefm-89	135	36	.	.	PUNCT
arjefm-89	136	1	equation	equation	NOUN
arjefm-89	136	2	10	10	NUM
arjefm-89	136	3	thus	thus	ADV
arjefm-89	136	4	depicts	depict	VERB
arjefm-89	136	5	the	the	DET
arjefm-89	136	6	short	short	ADJ
arjefm-89	136	7	run	run	NOUN
arjefm-89	136	8	and	and	CCONJ
arjefm-89	136	9	long	long	ADJ
arjefm-89	136	10	run	run	NOUN
arjefm-89	136	11	version	version	NOUN
arjefm-89	136	12	of	of	ADP
arjefm-89	136	13	equation	equation	NOUN
arjefm-89	136	14	9	9	NUM
arjefm-89	136	15	.	.	PUNCT
arjefm-89	137	1	n	n	PRON
arjefm-89	138	1	m	m	VERB
arjefm-89	138	2	rrit	rrit	VERB
arjefm-89	138	3	0	0	NUM
arjefm-89	139	1	1prt	1prt	NUM
arjefm-89	139	2	1	1	NUM
arjefm-89	139	3	prpt	prpt	NOUN
arjefm-89	139	4	k	k	PROPN
arjefm-89	139	5	prpt	prpt	PROPN
arjefm-89	139	6	k	k	PROPN
arjefm-89	139	7	j	j	PROPN
arjefm-89	139	8	rrit	rrit	PROPN
arjefm-89	139	9	j	j	PROPN
arjefm-89	139	10	(	(	PUNCT
arjefm-89	139	11	rrt	rrt	NOUN
arjefm-89	139	12	1	1	NUM
arjefm-89	139	13	prt	prt	NOUN
arjefm-89	139	14	1	1	NUM
arjefm-89	139	15	)	)	PUNCT
arjefm-89	139	16	t	t	NOUN
arjefm-89	139	17	10	10	NUM
arjefm-89	139	18	k	k	NOUN
arjefm-89	139	19	1	1	NUM
arjefm-89	139	20	j	j	NOUN
arjefm-89	139	21	1	1	NUM
arjefm-89	139	22	where	where	SCONJ
arjefm-89	139	23	is	be	AUX
arjefm-89	139	24	the	the	DET
arjefm-89	139	25	speed	speed	NOUN
arjefm-89	139	26	of	of	ADP
arjefm-89	139	27	adjustment	adjustment	NOUN
arjefm-89	139	28	to	to	ADP
arjefm-89	139	29	the	the	DET
arjefm-89	139	30	long	long	ADV
arjefm-89	139	31	-	-	PUNCT
arjefm-89	139	32	run	run	VERB
arjefm-89	139	33	equilibrium	equilibrium	NOUN
arjefm-89	139	34	level	level	NOUN
arjefm-89	139	35	and	and	CCONJ
arjefm-89	139	36	is	be	AUX
arjefm-89	139	37	the	the	DET
arjefm-89	139	38	coefficient	coefficient	NOUN
arjefm-89	139	39	of	of	ADP
arjefm-89	139	40	the	the	DET
arjefm-89	139	41	independent	independent	ADJ
arjefm-89	139	42	variable	variable	NOUN
arjefm-89	139	43	in	in	ADP
arjefm-89	139	44	the	the	DET
arjefm-89	139	45	long	long	ADV
arjefm-89	139	46	-	-	PUNCT
arjefm-89	139	47	run	run	NOUN
arjefm-89	139	48	.	.	PUNCT
arjefm-89	140	1	therefore	therefore	ADV
arjefm-89	140	2	,	,	PUNCT
arjefm-89	140	3	the	the	DET
arjefm-89	140	4	error	error	NOUN
arjefm-89	140	5	correction	correction	NOUN
arjefm-89	140	6	co	co	NOUN
arjefm-89	140	7	-	-	NOUN
arjefm-89	140	8	integration	integration	NOUN
arjefm-89	140	9	test	test	NOUN
arjefm-89	140	10	will	will	AUX
arjefm-89	140	11	be	be	AUX
arjefm-89	140	12	used	use	VERB
arjefm-89	140	13	to	to	PART
arjefm-89	140	14	test	test	VERB
arjefm-89	140	15	whether	whether	SCONJ
arjefm-89	140	16	is	be	AUX
arjefm-89	140	17	statistically	statistically	ADV
arjefm-89	140	18	different	different	ADJ
arjefm-89	140	19	from	from	ADP
arjefm-89	140	20	zero	zero	NUM
arjefm-89	140	21	,	,	PUNCT
arjefm-89	140	22	which	which	PRON
arjefm-89	140	23	then	then	ADV
arjefm-89	140	24	implies	imply	VERB
arjefm-89	140	25	that	that	SCONJ
arjefm-89	140	26	cointegration	cointegration	NOUN
arjefm-89	140	27	exists	exist	VERB
arjefm-89	140	28	between	between	ADP
arjefm-89	140	29	the	the	DET
arjefm-89	140	30	policy	policy	NOUN
arjefm-89	140	31	rate	rate	NOUN
arjefm-89	140	32	and	and	CCONJ
arjefm-89	140	33	retail	retail	ADJ
arjefm-89	140	34	rate	rate	NOUN
arjefm-89	140	35	(	(	PUNCT
arjefm-89	140	36	or	or	CCONJ
arjefm-89	140	37	interbank	interbank	NOUN
arjefm-89	140	38	rate	rate	NOUN
arjefm-89	140	39	if	if	SCONJ
arjefm-89	140	40	we	we	PRON
arjefm-89	140	41	consider	consider	VERB
arjefm-89	140	42	the	the	DET
arjefm-89	140	43	policy	policy	NOUN
arjefm-89	140	44	rate	rate	NOUN
arjefm-89	140	45	and	and	CCONJ
arjefm-89	140	46	interbank	interbank	NOUN
arjefm-89	140	47	rate	rate	NOUN
arjefm-89	140	48	)	)	PUNCT
arjefm-89	140	49	.	.	PUNCT
arjefm-89	141	1	once	once	ADV
arjefm-89	141	2	the	the	DET
arjefm-89	141	3	error	error	NOUN
arjefm-89	141	4	correction	correction	NOUN
arjefm-89	141	5	term	term	NOUN
arjefm-89	141	6	is	be	AUX
arjefm-89	141	7	confirmed	confirm	VERB
arjefm-89	141	8	,	,	PUNCT
arjefm-89	141	9	the	the	DET
arjefm-89	141	10	next	next	ADJ
arjefm-89	141	11	step	step	NOUN
arjefm-89	141	12	will	will	AUX
arjefm-89	141	13	be	be	AUX
arjefm-89	141	14	to	to	PART
arjefm-89	141	15	confirm	confirm	VERB
arjefm-89	141	16	the	the	DET
arjefm-89	141	17	number	number	NOUN
arjefm-89	141	18	of	of	ADP
arjefm-89	141	19	months	month	NOUN
arjefm-89	141	20	it	it	PRON
arjefm-89	141	21	will	will	AUX
arjefm-89	141	22	take	take	VERB
arjefm-89	141	23	for	for	SCONJ
arjefm-89	141	24	the	the	DET
arjefm-89	141	25	retail	retail	ADJ
arjefm-89	141	26	rate	rate	NOUN
arjefm-89	141	27	to	to	PART
arjefm-89	141	28	adjust	adjust	VERB
arjefm-89	141	29	to	to	ADP
arjefm-89	141	30	a	a	DET
arjefm-89	141	31	change	change	NOUN
arjefm-89	141	32	in	in	ADP
arjefm-89	141	33	the	the	DET
arjefm-89	141	34	policy	policy	NOUN
arjefm-89	141	35	rate	rate	NOUN
arjefm-89	141	36	.	.	PUNCT
arjefm-89	142	1	this	this	PRON
arjefm-89	142	2	can	can	AUX
arjefm-89	142	3	be	be	AUX
arjefm-89	142	4	derived	derive	VERB
arjefm-89	142	5	through	through	ADP
arjefm-89	142	6	the	the	DET
arjefm-89	142	7	mean	mean	ADJ
arjefm-89	142	8	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	142	9	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	142	10	american	american	PROPN
arjefm-89	142	11	research	research	PROPN
arjefm-89	142	12	journal	journal	PROPN
arjefm-89	142	13	of	of	ADP
arjefm-89	142	14	economics	economic	NOUN
arjefm-89	142	15	,	,	PUNCT
arjefm-89	142	16	finance	finance	NOUN
arjefm-89	142	17	and	and	CCONJ
arjefm-89	142	18	management	management	NOUN
arjefm-89	142	19	volume	volume	NOUN
arjefm-89	142	20	11	11	NUM
arjefm-89	142	21	issue	issue	NOUN
arjefm-89	142	22	3	3	NUM
arjefm-89	142	23	,	,	PUNCT
arjefm-89	142	24	july	july	PROPN
arjefm-89	142	25	-	-	PUNCT
arjefm-89	142	26	september	september	PROPN
arjefm-89	142	27	2023	2023	NUM
arjefm-89	142	28	issn	issn	PROPN
arjefm-89	142	29	:	:	PUNCT
arjefm-89	142	30	2836	2836	NUM
arjefm-89	142	31	-	-	SYM
arjefm-89	142	32	9416	9416	NUM
arjefm-89	142	33	impact	impact	NOUN
arjefm-89	142	34	factor	factor	NOUN
arjefm-89	142	35	:	:	PUNCT
arjefm-89	142	36	5.57	5.57	NUM
arjefm-89	142	37	journal	journal	NOUN
arjefm-89	142	38	homepage	homepage	NOUN
arjefm-89	142	39	:	:	PUNCT
arjefm-89	142	40	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	142	41	,	,	PUNCT
arjefm-89	142	42	email	email	NOUN
arjefm-89	142	43	:	:	PUNCT
arjefm-89	142	44	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	142	45	official	official	ADJ
arjefm-89	142	46	journal	journal	PROPN
arjefm-89	142	47	of	of	ADP
arjefm-89	142	48	america	america	PROPN
arjefm-89	142	49	serial	serial	PROPN
arjefm-89	142	50	publication	publication	NOUN
arjefm-89	142	51	american	american	PROPN
arjefm-89	142	52	research	research	PROPN
arjefm-89	142	53	journal	journal	PROPN
arjefm-89	142	54	of	of	ADP
arjefm-89	142	55	economics	economic	NOUN
arjefm-89	142	56	,	,	PUNCT
arjefm-89	142	57	finance	finance	NOUN
arjefm-89	142	58	and	and	CCONJ
arjefm-89	142	59	management	management	NOUN
arjefm-89	142	60	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	142	61	,	,	PUNCT
arjefm-89	142	62	email	email	NOUN
arjefm-89	142	63	:	:	PUNCT
arjefm-89	143	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	143	2	7	7	NUM
arjefm-89	144	1	|	|	ADV
arjefm-89	144	2	p	p	X
arjefm-89	144	3	a	a	DET
arjefm-89	144	4	g	g	NOUN
arjefm-89	144	5	e	e	NOUN
arjefm-89	144	6	adjustment	adjustment	NOUN
arjefm-89	144	7	lag	lag	NOUN
arjefm-89	144	8	(	(	PUNCT
arjefm-89	144	9	mal	mal	ADJ
arjefm-89	144	10	)	)	PUNCT
arjefm-89	144	11	.	.	PUNCT
arjefm-89	145	1	while	while	SCONJ
arjefm-89	145	2	the	the	DET
arjefm-89	145	3	error	error	NOUN
arjefm-89	145	4	correction	correction	NOUN
arjefm-89	145	5	term	term	NOUN
arjefm-89	145	6	will	will	AUX
arjefm-89	145	7	show	show	VERB
arjefm-89	145	8	the	the	DET
arjefm-89	145	9	speed	speed	NOUN
arjefm-89	145	10	of	of	ADP
arjefm-89	145	11	adjustment	adjustment	NOUN
arjefm-89	145	12	within	within	ADP
arjefm-89	145	13	a	a	DET
arjefm-89	145	14	month	month	NOUN
arjefm-89	145	15	,	,	PUNCT
arjefm-89	145	16	the	the	DET
arjefm-89	145	17	mean	mean	ADJ
arjefm-89	145	18	adjustment	adjustment	NOUN
arjefm-89	145	19	lag	lag	NOUN
arjefm-89	145	20	will	will	AUX
arjefm-89	145	21	show	show	VERB
arjefm-89	145	22	the	the	DET
arjefm-89	145	23	number	number	NOUN
arjefm-89	145	24	of	of	ADP
arjefm-89	145	25	months	month	NOUN
arjefm-89	145	26	required	require	VERB
arjefm-89	145	27	to	to	PART
arjefm-89	145	28	reach	reach	VERB
arjefm-89	145	29	long	long	ADV
arjefm-89	145	30	-	-	PUNCT
arjefm-89	145	31	run	run	VERB
arjefm-89	145	32	equilibrium	equilibrium	NOUN
arjefm-89	145	33	(	(	PUNCT
arjefm-89	145	34	mangwengwende	mangwengwende	NOUN
arjefm-89	145	35	,	,	PUNCT
arjefm-89	145	36	chinzara	chinzara	NOUN
arjefm-89	145	37	and	and	CCONJ
arjefm-89	145	38	nel	nel	PROPN
arjefm-89	145	39	,	,	PUNCT
arjefm-89	145	40	2011	2011	NUM
arjefm-89	145	41	)	)	PUNCT
arjefm-89	145	42	.	.	PUNCT
arjefm-89	146	1	this	this	PRON
arjefm-89	146	2	implies	imply	VERB
arjefm-89	146	3	that	that	SCONJ
arjefm-89	146	4	the	the	DET
arjefm-89	146	5	mean	mean	ADJ
arjefm-89	146	6	adjustment	adjustment	NOUN
arjefm-89	146	7	lag	lag	NOUN
arjefm-89	146	8	will	will	AUX
arjefm-89	146	9	show	show	VERB
arjefm-89	146	10	the	the	DET
arjefm-89	146	11	number	number	NOUN
arjefm-89	146	12	of	of	ADP
arjefm-89	146	13	months	month	NOUN
arjefm-89	146	14	it	it	PRON
arjefm-89	146	15	takes	take	VERB
arjefm-89	146	16	for	for	SCONJ
arjefm-89	146	17	the	the	DET
arjefm-89	146	18	retail	retail	ADJ
arjefm-89	146	19	rates	rate	NOUN
arjefm-89	146	20	to	to	PART
arjefm-89	146	21	fully	fully	ADV
arjefm-89	146	22	adjust	adjust	VERB
arjefm-89	146	23	to	to	ADP
arjefm-89	146	24	a	a	DET
arjefm-89	146	25	change	change	NOUN
arjefm-89	146	26	in	in	ADP
arjefm-89	146	27	the	the	DET
arjefm-89	146	28	policy	policy	NOUN
arjefm-89	146	29	rate	rate	NOUN
arjefm-89	146	30	.	.	PUNCT
arjefm-89	147	1	thus	thus	ADV
arjefm-89	147	2	,	,	PUNCT
arjefm-89	147	3	the	the	DET
arjefm-89	147	4	mean	mean	ADJ
arjefm-89	147	5	adjustment	adjustment	NOUN
arjefm-89	147	6	lag	lag	NOUN
arjefm-89	147	7	is	be	AUX
arjefm-89	147	8	calculated	calculate	VERB
arjefm-89	147	9	as	as	SCONJ
arjefm-89	147	10	follows	follow	VERB
arjefm-89	147	11	:	:	PUNCT
arjefm-89	147	12	1	1	NUM
arjefm-89	147	13	n	n	PRON
arjefm-89	147	14	mal	mal	ADJ
arjefm-89	147	15	11	11	NUM
arjefm-89	147	16	if	if	SCONJ
arjefm-89	147	17	the	the	DET
arjefm-89	147	18	mean	mean	ADJ
arjefm-89	147	19	adjustment	adjustment	NOUN
arjefm-89	147	20	is	be	AUX
arjefm-89	147	21	high	high	ADJ
arjefm-89	147	22	,	,	PUNCT
arjefm-89	147	23	then	then	ADV
arjefm-89	147	24	the	the	DET
arjefm-89	147	25	adjustment	adjustment	NOUN
arjefm-89	147	26	process	process	NOUN
arjefm-89	147	27	is	be	AUX
arjefm-89	147	28	slow	slow	ADJ
arjefm-89	147	29	and	and	CCONJ
arjefm-89	147	30	otherwise	otherwise	ADV
arjefm-89	147	31	if	if	SCONJ
arjefm-89	147	32	the	the	DET
arjefm-89	147	33	mean	mean	ADJ
arjefm-89	147	34	adjustment	adjustment	NOUN
arjefm-89	147	35	is	be	AUX
arjefm-89	147	36	low	low	ADJ
arjefm-89	147	37	.	.	PUNCT
arjefm-89	148	1	the	the	DET
arjefm-89	148	2	above	above	ADJ
arjefm-89	148	3	description	description	NOUN
arjefm-89	148	4	of	of	ADP
arjefm-89	148	5	the	the	DET
arjefm-89	148	6	mean	mean	ADJ
arjefm-89	148	7	adjustment	adjustment	NOUN
arjefm-89	148	8	lag	lag	NOUN
arjefm-89	148	9	is	be	AUX
arjefm-89	148	10	termed	term	VERB
arjefm-89	148	11	the	the	DET
arjefm-89	148	12	symmetric	symmetric	ADJ
arjefm-89	148	13	mean	mean	NOUN
arjefm-89	148	14	adjustment	adjustment	NOUN
arjefm-89	148	15	lag	lag	NOUN
arjefm-89	148	16	.	.	PUNCT
arjefm-89	149	1	however	however	ADV
arjefm-89	149	2	,	,	PUNCT
arjefm-89	149	3	there	there	PRON
arjefm-89	149	4	are	be	VERB
arjefm-89	149	5	cases	case	NOUN
arjefm-89	149	6	when	when	SCONJ
arjefm-89	149	7	the	the	DET
arjefm-89	149	8	mean	mean	ADJ
arjefm-89	149	9	adjustment	adjustment	NOUN
arjefm-89	149	10	lag	lag	NOUN
arjefm-89	149	11	is	be	AUX
arjefm-89	149	12	said	say	VERB
arjefm-89	149	13	to	to	PART
arjefm-89	149	14	be	be	AUX
arjefm-89	149	15	asymmetric	asymmetric	ADJ
arjefm-89	149	16	.	.	PUNCT
arjefm-89	150	1	according	accord	VERB
arjefm-89	150	2	to	to	ADP
arjefm-89	150	3	scholnick	scholnick	PROPN
arjefm-89	150	4	(	(	PUNCT
arjefm-89	150	5	1996	1996	NUM
arjefm-89	150	6	)	)	PUNCT
arjefm-89	150	7	,	,	PUNCT
arjefm-89	150	8	if	if	SCONJ
arjefm-89	150	9	residuals	residual	NOUN
arjefm-89	150	10	are	be	AUX
arjefm-89	150	11	above	above	ADP
arjefm-89	150	12	their	their	PRON
arjefm-89	150	13	mean	mean	NOUN
arjefm-89	150	14	,	,	PUNCT
arjefm-89	150	15	then	then	ADV
arjefm-89	150	16	they	they	PRON
arjefm-89	150	17	will	will	AUX
arjefm-89	150	18	tend	tend	VERB
arjefm-89	150	19	to	to	PART
arjefm-89	150	20	adjust	adjust	VERB
arjefm-89	150	21	downwards	downward	NOUN
arjefm-89	150	22	to	to	ADP
arjefm-89	150	23	the	the	DET
arjefm-89	150	24	mean	mean	NOUN
arjefm-89	150	25	in	in	ADP
arjefm-89	150	26	the	the	DET
arjefm-89	150	27	long	long	ADJ
arjefm-89	150	28	run	run	NOUN
arjefm-89	150	29	,	,	PUNCT
arjefm-89	150	30	while	while	SCONJ
arjefm-89	150	31	if	if	SCONJ
arjefm-89	150	32	the	the	DET
arjefm-89	150	33	residuals	residual	NOUN
arjefm-89	150	34	are	be	AUX
arjefm-89	150	35	below	below	ADP
arjefm-89	150	36	the	the	DET
arjefm-89	150	37	mean	mean	NOUN
arjefm-89	150	38	,	,	PUNCT
arjefm-89	150	39	then	then	ADV
arjefm-89	150	40	they	they	PRON
arjefm-89	150	41	will	will	AUX
arjefm-89	150	42	adjust	adjust	VERB
arjefm-89	150	43	upwards	upwards	ADV
arjefm-89	150	44	towards	towards	ADP
arjefm-89	150	45	the	the	DET
arjefm-89	150	46	mean	mean	NOUN
arjefm-89	150	47	.	.	PUNCT
arjefm-89	151	1	this	this	DET
arjefm-89	151	2	concept	concept	NOUN
arjefm-89	151	3	brought	bring	VERB
arjefm-89	151	4	about	about	ADP
arjefm-89	151	5	the	the	DET
arjefm-89	151	6	asymmetric	asymmetric	ADJ
arjefm-89	151	7	mean	mean	NOUN
arjefm-89	151	8	adjustment	adjustment	NOUN
arjefm-89	151	9	lag	lag	NOUN
arjefm-89	151	10	,	,	PUNCT
arjefm-89	151	11	which	which	PRON
arjefm-89	151	12	tells	tell	VERB
arjefm-89	151	13	us	we	PRON
arjefm-89	151	14	how	how	SCONJ
arjefm-89	151	15	fast	fast	ADV
arjefm-89	151	16	the	the	DET
arjefm-89	151	17	retail	retail	ADJ
arjefm-89	151	18	rates	rate	NOUN
arjefm-89	151	19	fully	fully	ADV
arjefm-89	151	20	adjust	adjust	VERB
arjefm-89	151	21	to	to	ADP
arjefm-89	151	22	the	the	DET
arjefm-89	151	23	policy	policy	NOUN
arjefm-89	151	24	rate	rate	NOUN
arjefm-89	151	25	either	either	CCONJ
arjefm-89	151	26	upwards	upwards	ADV
arjefm-89	151	27	or	or	CCONJ
arjefm-89	151	28	downwards	downward	NOUN
arjefm-89	151	29	(	(	PUNCT
arjefm-89	151	30	scholnick	scholnick	ADJ
arjefm-89	151	31	,	,	PUNCT
arjefm-89	151	32	1996	1996	NUM
arjefm-89	151	33	)	)	PUNCT
arjefm-89	151	34	.	.	PUNCT
arjefm-89	152	1	consequently	consequently	ADV
arjefm-89	152	2	,	,	PUNCT
arjefm-89	152	3	the	the	DET
arjefm-89	152	4	correction	correction	NOUN
arjefm-89	152	5	term	term	NOUN
arjefm-89	152	6	is	be	AUX
arjefm-89	152	7	divided	divide	VERB
arjefm-89	152	8	into	into	ADP
arjefm-89	152	9	two	two	NUM
arjefm-89	152	10	series	series	NOUN
arjefm-89	152	11	(	(	PUNCT
arjefm-89	152	12	positive	positive	ADJ
arjefm-89	152	13	and	and	CCONJ
arjefm-89	152	14	negative	negative	ADJ
arjefm-89	152	15	)	)	PUNCT
arjefm-89	152	16	and	and	CCONJ
arjefm-89	152	17	is	be	AUX
arjefm-89	152	18	mathematically	mathematically	ADV
arjefm-89	152	19	represented	represent	VERB
arjefm-89	152	20	as	as	SCONJ
arjefm-89	152	21	follows	follow	VERB
arjefm-89	152	22	:	:	PUNCT
arjefm-89	153	1	ect	ect	VERB
arjefm-89	153	2	ec	ec	PROPN
arjefm-89	153	3	,	,	PUNCT
arjefm-89	153	4	if	if	SCONJ
arjefm-89	153	5	ect	ect	ADJ
arjefm-89	153	6	ect	ect	X
arjefm-89	153	7	0	0	NUM
arjefm-89	153	8	if	if	SCONJ
arjefm-89	153	9	ect	ect	ADJ
arjefm-89	153	10	and	and	CCONJ
arjefm-89	153	11	12	12	NUM
arjefm-89	153	12	ect	ect	VERB
arjefm-89	153	13	ec	ec	PROPN
arjefm-89	153	14	if	if	SCONJ
arjefm-89	153	15	ect	ect	X
arjefm-89	153	16	ect	ect	X
arjefm-89	153	17	0	0	NUM
arjefm-89	153	18	if	if	SCONJ
arjefm-89	153	19	ect	ect	ADP
arjefm-89	153	20	where	where	SCONJ
arjefm-89	153	21	is	be	AUX
arjefm-89	153	22	the	the	DET
arjefm-89	153	23	mean	mean	ADJ
arjefm-89	153	24	error	error	NOUN
arjefm-89	153	25	correction	correction	NOUN
arjefm-89	153	26	and	and	CCONJ
arjefm-89	153	27	is	be	AUX
arjefm-89	153	28	equal	equal	ADJ
arjefm-89	153	29	to	to	ADP
arjefm-89	153	30	zero	zero	NUM
arjefm-89	153	31	since	since	SCONJ
arjefm-89	153	32	it	it	PRON
arjefm-89	153	33	denotes	denote	VERB
arjefm-89	153	34	the	the	DET
arjefm-89	153	35	residual	residual	ADJ
arjefm-89	153	36	in	in	ADP
arjefm-89	153	37	the	the	DET
arjefm-89	153	38	cointegration	cointegration	NOUN
arjefm-89	153	39	equation	equation	NOUN
arjefm-89	153	40	.	.	PUNCT
arjefm-89	154	1	by	by	ADP
arjefm-89	154	2	implication	implication	NOUN
arjefm-89	154	3	,	,	PUNCT
arjefm-89	154	4	a	a	DET
arjefm-89	154	5	residual	residual	ADJ
arjefm-89	154	6	above	above	ADP
arjefm-89	154	7	the	the	DET
arjefm-89	154	8	mean	mean	NOUN
arjefm-89	154	9	implies	imply	VERB
arjefm-89	154	10	that	that	SCONJ
arjefm-89	154	11	the	the	DET
arjefm-89	154	12	retail	retail	ADJ
arjefm-89	154	13	rate	rate	NOUN
arjefm-89	154	14	is	be	AUX
arjefm-89	154	15	above	above	ADP
arjefm-89	154	16	the	the	DET
arjefm-89	154	17	equilibrium	equilibrium	NOUN
arjefm-89	154	18	and	and	CCONJ
arjefm-89	154	19	must	must	AUX
arjefm-89	154	20	move	move	VERB
arjefm-89	154	21	downwards	downwards	ADV
arjefm-89	154	22	towards	towards	ADP
arjefm-89	154	23	equilibrium	equilibrium	NOUN
arjefm-89	154	24	,	,	PUNCT
arjefm-89	154	25	and	and	CCONJ
arjefm-89	154	26	otherwise	otherwise	ADV
arjefm-89	154	27	,	,	PUNCT
arjefm-89	154	28	in	in	ADP
arjefm-89	154	29	the	the	DET
arjefm-89	154	30	case	case	NOUN
arjefm-89	154	31	of	of	ADP
arjefm-89	154	32	a	a	DET
arjefm-89	154	33	residual	residual	ADJ
arjefm-89	154	34	below	below	ADP
arjefm-89	154	35	the	the	DET
arjefm-89	154	36	equilibrium	equilibrium	NOUN
arjefm-89	154	37	.	.	PUNCT
arjefm-89	155	1	therefore	therefore	ADV
arjefm-89	155	2	,	,	PUNCT
arjefm-89	155	3	dividing	divide	VERB
arjefm-89	155	4	the	the	DET
arjefm-89	155	5	residual	residual	ADJ
arjefm-89	155	6	into	into	ADP
arjefm-89	155	7	two	two	NUM
arjefm-89	155	8	separate	separate	ADJ
arjefm-89	155	9	error	error	NOUN
arjefm-89	155	10	correction	correction	NOUN
arjefm-89	155	11	terms	term	NOUN
arjefm-89	155	12	gives	give	VERB
arjefm-89	155	13	the	the	DET
arjefm-89	155	14	asymmetric	asymmetric	ADJ
arjefm-89	155	15	mean	mean	NOUN
arjefm-89	155	16	adjustment	adjustment	NOUN
arjefm-89	155	17	lag	lag	NOUN
arjefm-89	155	18	.	.	PUNCT
arjefm-89	156	1	n	n	PRON
arjefm-89	157	1	m	m	VERB
arjefm-89	157	2	rrit	rrit	VERB
arjefm-89	157	3	0	0	NUM
arjefm-89	158	1	1prt	1prt	NUM
arjefm-89	158	2	1	1	NUM
arjefm-89	158	3	prpt	prpt	NOUN
arjefm-89	158	4	k	k	PROPN
arjefm-89	158	5	prpt	prpt	PROPN
arjefm-89	158	6	k	k	PROPN
arjefm-89	158	7	j	j	PROPN
arjefm-89	158	8	rrit	rrit	VERB
arjefm-89	158	9	j	j	PROPN
arjefm-89	158	10	1ect	1ect	PROPN
arjefm-89	158	11	2ect	2ect	PROPN
arjefm-89	158	12	lt	lt	VERB
arjefm-89	158	13	13	13	NUM
arjefm-89	158	14	k	k	NOUN
arjefm-89	158	15	1	1	NUM
arjefm-89	158	16	j	j	NOUN
arjefm-89	158	17	1	1	NUM
arjefm-89	158	18	and	and	CCONJ
arjefm-89	158	19	the	the	DET
arjefm-89	158	20	asymmetric	asymmetric	ADJ
arjefm-89	158	21	mean	mean	NOUN
arjefm-89	158	22	adjustment	adjustment	NOUN
arjefm-89	158	23	lag	lag	NOUN
arjefm-89	158	24	will	will	AUX
arjefm-89	158	25	further	far	ADV
arjefm-89	158	26	be	be	AUX
arjefm-89	158	27	represented	represent	VERB
arjefm-89	158	28	by	by	ADP
arjefm-89	158	29	:	:	PUNCT
arjefm-89	158	30	1	1	NUM
arjefm-89	158	31	1	1	NUM
arjefm-89	158	32	mal	mal	ADJ
arjefm-89	158	33	14	14	NUM
arjefm-89	158	34	1	1	NUM
arjefm-89	158	35	and	and	CCONJ
arjefm-89	158	36	1	1	NUM
arjefm-89	158	37	1	1	NUM
arjefm-89	158	38	mal	mal	ADJ
arjefm-89	158	39	15	15	NUM
arjefm-89	158	40	mailto:contact@americaserial.com	mailto:contact@americaserial.com	NOUN
arjefm-89	158	41	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	158	42	american	american	PROPN
arjefm-89	158	43	research	research	PROPN
arjefm-89	158	44	journal	journal	PROPN
arjefm-89	158	45	of	of	ADP
arjefm-89	158	46	economics	economic	NOUN
arjefm-89	158	47	,	,	PUNCT
arjefm-89	158	48	finance	finance	NOUN
arjefm-89	158	49	and	and	CCONJ
arjefm-89	158	50	management	management	NOUN
arjefm-89	158	51	volume	volume	NOUN
arjefm-89	158	52	11	11	NUM
arjefm-89	158	53	issue	issue	NOUN
arjefm-89	158	54	3	3	NUM
arjefm-89	158	55	,	,	PUNCT
arjefm-89	158	56	july	july	PROPN
arjefm-89	158	57	-	-	PUNCT
arjefm-89	158	58	september	september	PROPN
arjefm-89	158	59	2023	2023	NUM
arjefm-89	158	60	issn	issn	PROPN
arjefm-89	158	61	:	:	PUNCT
arjefm-89	158	62	2836	2836	NUM
arjefm-89	158	63	-	-	SYM
arjefm-89	158	64	9416	9416	NUM
arjefm-89	158	65	impact	impact	NOUN
arjefm-89	158	66	factor	factor	NOUN
arjefm-89	158	67	:	:	PUNCT
arjefm-89	158	68	5.57	5.57	NUM
arjefm-89	158	69	journal	journal	NOUN
arjefm-89	158	70	homepage	homepage	NOUN
arjefm-89	158	71	:	:	PUNCT
arjefm-89	158	72	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	158	73	,	,	PUNCT
arjefm-89	158	74	email	email	NOUN
arjefm-89	158	75	:	:	PUNCT
arjefm-89	159	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	159	2	official	official	ADJ
arjefm-89	159	3	journal	journal	PROPN
arjefm-89	159	4	of	of	ADP
arjefm-89	159	5	america	america	PROPN
arjefm-89	159	6	serial	serial	PROPN
arjefm-89	159	7	publication	publication	NOUN
arjefm-89	159	8	american	american	PROPN
arjefm-89	159	9	research	research	PROPN
arjefm-89	159	10	journal	journal	PROPN
arjefm-89	159	11	of	of	ADP
arjefm-89	159	12	economics	economic	NOUN
arjefm-89	159	13	,	,	PUNCT
arjefm-89	159	14	finance	finance	NOUN
arjefm-89	159	15	and	and	CCONJ
arjefm-89	159	16	management	management	NOUN
arjefm-89	159	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	159	18	,	,	PUNCT
arjefm-89	159	19	email	email	NOUN
arjefm-89	159	20	:	:	PUNCT
arjefm-89	159	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	159	22	8	8	NUM
arjefm-89	160	1	|	|	ADV
arjefm-89	160	2	p	p	X
arjefm-89	160	3	a	a	DET
arjefm-89	160	4	g	g	NOUN
arjefm-89	160	5	e	e	PROPN
arjefm-89	160	6	2	2	NUM
arjefm-89	160	7	equations	equation	NOUN
arjefm-89	160	8	14	14	NUM
arjefm-89	160	9	and	and	CCONJ
arjefm-89	160	10	15	15	NUM
arjefm-89	160	11	display	display	NOUN
arjefm-89	160	12	the	the	DET
arjefm-89	160	13	positive	positive	ADJ
arjefm-89	160	14	and	and	CCONJ
arjefm-89	160	15	negative	negative	ADJ
arjefm-89	160	16	mean	mean	ADJ
arjefm-89	160	17	adjustment	adjustment	NOUN
arjefm-89	160	18	lags	lag	VERB
arjefm-89	160	19	,	,	PUNCT
arjefm-89	160	20	that	that	ADV
arjefm-89	160	21	is	is	ADV
arjefm-89	160	22	,	,	PUNCT
arjefm-89	160	23	the	the	DET
arjefm-89	160	24	adjustment	adjustment	NOUN
arjefm-89	160	25	of	of	ADP
arjefm-89	160	26	the	the	DET
arjefm-89	160	27	retail	retail	ADJ
arjefm-89	160	28	rates	rate	NOUN
arjefm-89	160	29	(	(	PUNCT
arjefm-89	160	30	or	or	CCONJ
arjefm-89	160	31	interbank	interbank	NOUN
arjefm-89	160	32	rate	rate	NOUN
arjefm-89	160	33	)	)	PUNCT
arjefm-89	160	34	to	to	ADP
arjefm-89	160	35	the	the	DET
arjefm-89	160	36	policy	policy	NOUN
arjefm-89	160	37	rate	rate	NOUN
arjefm-89	160	38	when	when	SCONJ
arjefm-89	160	39	these	these	DET
arjefm-89	160	40	rates	rate	NOUN
arjefm-89	160	41	are	be	AUX
arjefm-89	160	42	above	above	ADP
arjefm-89	160	43	and	and	CCONJ
arjefm-89	160	44	below	below	ADP
arjefm-89	160	45	their	their	PRON
arjefm-89	160	46	equilibrium	equilibrium	NOUN
arjefm-89	160	47	level	level	NOUN
arjefm-89	160	48	.	.	PUNCT
arjefm-89	161	1	if	if	SCONJ
arjefm-89	161	2	the	the	DET
arjefm-89	161	3	mean	mean	NOUN
arjefm-89	161	4	lags	lag	NOUN
arjefm-89	161	5	are	be	AUX
arjefm-89	161	6	seen	see	VERB
arjefm-89	161	7	to	to	PART
arjefm-89	161	8	be	be	AUX
arjefm-89	161	9	different	different	ADJ
arjefm-89	161	10	,	,	PUNCT
arjefm-89	161	11	then	then	ADV
arjefm-89	161	12	the	the	DET
arjefm-89	161	13	adjustment	adjustment	NOUN
arjefm-89	161	14	process	process	NOUN
arjefm-89	161	15	is	be	AUX
arjefm-89	161	16	also	also	ADV
arjefm-89	161	17	seen	see	VERB
arjefm-89	161	18	to	to	PART
arjefm-89	161	19	be	be	AUX
arjefm-89	161	20	different	different	ADJ
arjefm-89	161	21	.	.	PUNCT
arjefm-89	162	1	finally	finally	ADV
arjefm-89	162	2	,	,	PUNCT
arjefm-89	162	3	the	the	DET
arjefm-89	162	4	wald	wald	NOUN
arjefm-89	162	5	test	test	NOUN
arjefm-89	162	6	will	will	AUX
arjefm-89	162	7	be	be	AUX
arjefm-89	162	8	used	use	VERB
arjefm-89	162	9	to	to	PART
arjefm-89	162	10	test	test	VERB
arjefm-89	162	11	whether	whether	SCONJ
arjefm-89	162	12	equations	equation	NOUN
arjefm-89	162	13	14	14	NUM
arjefm-89	162	14	and	and	CCONJ
arjefm-89	162	15	15	15	NUM
arjefm-89	162	16	are	be	AUX
arjefm-89	162	17	equal	equal	ADJ
arjefm-89	162	18	.	.	PUNCT
arjefm-89	163	1	if	if	SCONJ
arjefm-89	163	2	they	they	PRON
arjefm-89	163	3	are	be	AUX
arjefm-89	163	4	equal	equal	ADJ
arjefm-89	163	5	to	to	ADP
arjefm-89	163	6	zero	zero	NUM
arjefm-89	163	7	,	,	PUNCT
arjefm-89	163	8	then	then	ADV
arjefm-89	163	9	the	the	DET
arjefm-89	163	10	test	test	NOUN
arjefm-89	163	11	series	series	NOUN
arjefm-89	163	12	is	be	AUX
arjefm-89	163	13	said	say	VERB
arjefm-89	163	14	to	to	PART
arjefm-89	163	15	be	be	AUX
arjefm-89	163	16	symmetric	symmetric	ADJ
arjefm-89	163	17	.	.	PUNCT
arjefm-89	164	1	however	however	ADV
arjefm-89	164	2	,	,	PUNCT
arjefm-89	164	3	the	the	DET
arjefm-89	164	4	test	test	NOUN
arjefm-89	164	5	series	series	NOUN
arjefm-89	164	6	will	will	AUX
arjefm-89	164	7	become	become	VERB
arjefm-89	164	8	asymmetric	asymmetric	ADJ
arjefm-89	164	9	if	if	SCONJ
arjefm-89	164	10	the	the	DET
arjefm-89	164	11	two	two	NUM
arjefm-89	164	12	equations	equation	NOUN
arjefm-89	164	13	are	be	AUX
arjefm-89	164	14	not	not	PART
arjefm-89	164	15	equal	equal	ADJ
arjefm-89	164	16	to	to	ADP
arjefm-89	164	17	zero	zero	NUM
arjefm-89	164	18	.	.	PUNCT
arjefm-89	165	1	that	that	PRON
arjefm-89	165	2	is	be	AUX
arjefm-89	165	3	,	,	PUNCT
arjefm-89	165	4	retail	retail	ADJ
arjefm-89	165	5	rates	rate	NOUN
arjefm-89	165	6	will	will	AUX
arjefm-89	165	7	adjust	adjust	VERB
arjefm-89	165	8	differently	differently	ADV
arjefm-89	165	9	to	to	ADP
arjefm-89	165	10	a	a	DET
arjefm-89	165	11	change	change	NOUN
arjefm-89	165	12	in	in	ADP
arjefm-89	165	13	the	the	DET
arjefm-89	165	14	policy	policy	NOUN
arjefm-89	165	15	rate	rate	NOUN
arjefm-89	165	16	.	.	PUNCT
arjefm-89	166	1	4	4	X
arjefm-89	166	2	.	.	X
arjefm-89	166	3	analysis	analysis	NOUN
arjefm-89	166	4	and	and	CCONJ
arjefm-89	166	5	presentation	presentation	NOUN
arjefm-89	166	6	of	of	ADP
arjefm-89	166	7	results	result	NOUN
arjefm-89	166	8	several	several	ADJ
arjefm-89	166	9	techniques	technique	NOUN
arjefm-89	166	10	were	be	AUX
arjefm-89	166	11	adopted	adopt	VERB
arjefm-89	166	12	to	to	PART
arjefm-89	166	13	determine	determine	VERB
arjefm-89	166	14	the	the	DET
arjefm-89	166	15	effectiveness	effectiveness	NOUN
arjefm-89	166	16	of	of	ADP
arjefm-89	166	17	interest	interest	NOUN
arjefm-89	166	18	rate	rate	NOUN
arjefm-89	166	19	pass	pass	NOUN
arjefm-89	166	20	-	-	PUNCT
arjefm-89	166	21	through	through	NOUN
arjefm-89	166	22	in	in	ADP
arjefm-89	166	23	nigeria	nigeria	PROPN
arjefm-89	166	24	.	.	PUNCT
arjefm-89	167	1	some	some	PRON
arjefm-89	167	2	of	of	ADP
arjefm-89	167	3	these	these	DET
arjefm-89	167	4	techniques	technique	NOUN
arjefm-89	167	5	include	include	VERB
arjefm-89	167	6	unit	unit	NOUN
arjefm-89	167	7	root	root	NOUN
arjefm-89	167	8	tests	test	NOUN
arjefm-89	167	9	,	,	PUNCT
arjefm-89	167	10	co	co	NOUN
arjefm-89	167	11	-	-	NOUN
arjefm-89	167	12	integration	integration	NOUN
arjefm-89	167	13	tests	test	NOUN
arjefm-89	167	14	,	,	PUNCT
arjefm-89	167	15	error	error	NOUN
arjefm-89	167	16	correction	correction	NOUN
arjefm-89	167	17	technique	technique	NOUN
arjefm-89	167	18	,	,	PUNCT
arjefm-89	167	19	autoregressive	autoregressive	ADJ
arjefm-89	167	20	distributed	distribute	VERB
arjefm-89	167	21	lag	lag	NOUN
arjefm-89	167	22	model	model	NOUN
arjefm-89	167	23	and	and	CCONJ
arjefm-89	167	24	symmetric	symmetric	ADJ
arjefm-89	167	25	and	and	CCONJ
arjefm-89	167	26	asymmetric	asymmetric	ADJ
arjefm-89	167	27	mean	mean	NOUN
arjefm-89	167	28	adjustment	adjustment	NOUN
arjefm-89	167	29	lags	lag	VERB
arjefm-89	167	30	.	.	PUNCT
arjefm-89	168	1	the	the	DET
arjefm-89	168	2	essence	essence	NOUN
arjefm-89	168	3	was	be	AUX
arjefm-89	168	4	to	to	PART
arjefm-89	168	5	ensure	ensure	VERB
arjefm-89	168	6	that	that	SCONJ
arjefm-89	168	7	the	the	DET
arjefm-89	168	8	results	result	NOUN
arjefm-89	168	9	generated	generate	VERB
arjefm-89	168	10	are	be	AUX
arjefm-89	168	11	robust	robust	ADJ
arjefm-89	168	12	for	for	ADP
arjefm-89	168	13	relevant	relevant	ADJ
arjefm-89	168	14	policy	policy	NOUN
arjefm-89	168	15	recommendations	recommendation	NOUN
arjefm-89	168	16	.	.	PUNCT
arjefm-89	169	1	monthly	monthly	ADJ
arjefm-89	169	2	data	datum	NOUN
arjefm-89	169	3	spanning	span	VERB
arjefm-89	169	4	december	december	PROPN
arjefm-89	169	5	2006	2006	NUM
arjefm-89	169	6	through	through	ADP
arjefm-89	169	7	december	december	PROPN
arjefm-89	169	8	2020	2020	NUM
arjefm-89	169	9	were	be	AUX
arjefm-89	169	10	sourced	source	VERB
arjefm-89	169	11	from	from	ADP
arjefm-89	169	12	central	central	ADJ
arjefm-89	169	13	bank	bank	PROPN
arjefm-89	169	14	of	of	ADP
arjefm-89	169	15	nigeria	nigeria	PROPN
arjefm-89	169	16	’s	’s	PART
arjefm-89	169	17	statistical	statistical	ADJ
arjefm-89	169	18	bulletin	bulletin	NOUN
arjefm-89	169	19	(	(	PUNCT
arjefm-89	169	20	2021	2021	NUM
arjefm-89	169	21	)	)	PUNCT
arjefm-89	169	22	.	.	PUNCT
arjefm-89	170	1	the	the	DET
arjefm-89	170	2	observed	observe	VERB
arjefm-89	170	3	data	datum	NOUN
arjefm-89	170	4	include	include	VERB
arjefm-89	170	5	monetary	monetary	ADJ
arjefm-89	170	6	policy	policy	NOUN
arjefm-89	170	7	rate	rate	NOUN
arjefm-89	170	8	,	,	PUNCT
arjefm-89	170	9	interbank	interbank	NOUN
arjefm-89	170	10	call	call	NOUN
arjefm-89	170	11	rate	rate	NOUN
arjefm-89	170	12	,	,	PUNCT
arjefm-89	170	13	open	open	ADJ
arjefm-89	170	14	buy	buy	NOUN
arjefm-89	170	15	-	-	PUNCT
arjefm-89	170	16	back	back	NOUN
arjefm-89	170	17	rate	rate	NOUN
arjefm-89	170	18	,	,	PUNCT
arjefm-89	170	19	prime	prime	ADJ
arjefm-89	170	20	lending	lending	NOUN
arjefm-89	170	21	rate	rate	NOUN
arjefm-89	170	22	,	,	PUNCT
arjefm-89	170	23	maximum	maximum	ADJ
arjefm-89	170	24	lending	lending	NOUN
arjefm-89	170	25	rate	rate	NOUN
arjefm-89	170	26	,	,	PUNCT
arjefm-89	170	27	savings	saving	NOUN
arjefm-89	170	28	deposit	deposit	NOUN
arjefm-89	170	29	rate	rate	NOUN
arjefm-89	170	30	,	,	PUNCT
arjefm-89	170	31	one	one	NUM
arjefm-89	170	32	-	-	PUNCT
arjefm-89	170	33	month	month	NOUN
arjefm-89	170	34	deposit	deposit	NOUN
arjefm-89	170	35	rate	rate	NOUN
arjefm-89	170	36	,	,	PUNCT
arjefm-89	170	37	three	three	NUM
arjefm-89	170	38	months	month	NOUN
arjefm-89	170	39	deposit	deposit	NOUN
arjefm-89	170	40	rate	rate	NOUN
arjefm-89	170	41	,	,	PUNCT
arjefm-89	170	42	six	six	NUM
arjefm-89	170	43	months	month	NOUN
arjefm-89	170	44	deposit	deposit	NOUN
arjefm-89	170	45	rate	rate	NOUN
arjefm-89	170	46	and	and	CCONJ
arjefm-89	170	47	twelve	twelve	NUM
arjefm-89	170	48	months	month	NOUN
arjefm-89	170	49	deposit	deposit	NOUN
arjefm-89	170	50	rates	rate	NOUN
arjefm-89	170	51	.	.	PUNCT
arjefm-89	171	1	from	from	ADP
arjefm-89	171	2	the	the	DET
arjefm-89	171	3	descriptive	descriptive	ADJ
arjefm-89	171	4	statistics	statistic	NOUN
arjefm-89	171	5	,	,	PUNCT
arjefm-89	171	6	the	the	DET
arjefm-89	171	7	mean	mean	ADJ
arjefm-89	171	8	and	and	CCONJ
arjefm-89	171	9	median	median	ADJ
arjefm-89	171	10	values	value	NOUN
arjefm-89	171	11	showed	show	VERB
arjefm-89	171	12	a	a	DET
arjefm-89	171	13	good	good	ADJ
arjefm-89	171	14	level	level	NOUN
arjefm-89	171	15	of	of	ADP
arjefm-89	171	16	consistency	consistency	NOUN
arjefm-89	171	17	,	,	PUNCT
arjefm-89	171	18	while	while	SCONJ
arjefm-89	171	19	the	the	DET
arjefm-89	171	20	skewers	skewer	NOUN
arjefm-89	171	21	statistics	statistic	NOUN
arjefm-89	171	22	showed	show	VERB
arjefm-89	171	23	that	that	SCONJ
arjefm-89	171	24	the	the	DET
arjefm-89	171	25	policy	policy	NOUN
arjefm-89	171	26	rate	rate	NOUN
arjefm-89	171	27	,	,	PUNCT
arjefm-89	171	28	savings	saving	NOUN
arjefm-89	171	29	rate	rate	NOUN
arjefm-89	171	30	,	,	PUNCT
arjefm-89	171	31	three	three	NUM
arjefm-89	171	32	months	month	NOUN
arjefm-89	171	33	and	and	CCONJ
arjefm-89	171	34	six	six	NUM
arjefm-89	171	35	months	month	NOUN
arjefm-89	171	36	deposit	deposit	NOUN
arjefm-89	171	37	rates	rate	NOUN
arjefm-89	171	38	were	be	AUX
arjefm-89	171	39	negatively	negatively	ADV
arjefm-89	171	40	skewed	skewed	ADJ
arjefm-89	171	41	,	,	PUNCT
arjefm-89	171	42	while	while	SCONJ
arjefm-89	171	43	the	the	DET
arjefm-89	171	44	rest	rest	NOUN
arjefm-89	171	45	were	be	AUX
arjefm-89	171	46	positively	positively	ADV
arjefm-89	171	47	skewed	skewed	ADJ
arjefm-89	171	48	.	.	PUNCT
arjefm-89	172	1	furthermore	furthermore	ADV
arjefm-89	172	2	,	,	PUNCT
arjefm-89	172	3	the	the	DET
arjefm-89	172	4	kurtosis	kurtosis	NOUN
arjefm-89	172	5	showed	show	VERB
arjefm-89	172	6	that	that	SCONJ
arjefm-89	172	7	interbank	interbank	NOUN
arjefm-89	172	8	call	call	NOUN
arjefm-89	172	9	rate	rate	NOUN
arjefm-89	172	10	,	,	PUNCT
arjefm-89	172	11	open	open	ADJ
arjefm-89	172	12	buy	buy	NOUN
arjefm-89	172	13	-	-	PUNCT
arjefm-89	172	14	back	back	NOUN
arjefm-89	172	15	rate	rate	NOUN
arjefm-89	172	16	,	,	PUNCT
arjefm-89	172	17	one	one	NUM
arjefm-89	172	18	-	-	PUNCT
arjefm-89	172	19	month	month	NOUN
arjefm-89	172	20	deposit	deposit	NOUN
arjefm-89	172	21	rate	rate	NOUN
arjefm-89	172	22	and	and	CCONJ
arjefm-89	172	23	prime	prime	ADJ
arjefm-89	172	24	lending	lending	NOUN
arjefm-89	172	25	rate	rate	NOUN
arjefm-89	172	26	were	be	AUX
arjefm-89	172	27	leptokurtic	leptokurtic	ADJ
arjefm-89	172	28	,	,	PUNCT
arjefm-89	172	29	while	while	SCONJ
arjefm-89	172	30	the	the	DET
arjefm-89	172	31	other	other	ADJ
arjefm-89	172	32	variables	variable	NOUN
arjefm-89	172	33	were	be	AUX
arjefm-89	172	34	platykurtic	platykurtic	ADJ
arjefm-89	172	35	.	.	PUNCT
arjefm-89	173	1	the	the	DET
arjefm-89	173	2	jarque	jarque	NOUN
arjefm-89	173	3	-	-	PUNCT
arjefm-89	173	4	bera	bera	NOUN
arjefm-89	173	5	statistic	statistic	NOUN
arjefm-89	173	6	showed	show	VERB
arjefm-89	173	7	that	that	SCONJ
arjefm-89	173	8	the	the	DET
arjefm-89	173	9	one	one	NUM
arjefm-89	173	10	month	month	NOUN
arjefm-89	173	11	,	,	PUNCT
arjefm-89	173	12	three	three	NUM
arjefm-89	173	13	months	month	NOUN
arjefm-89	173	14	,	,	PUNCT
arjefm-89	173	15	six	six	NUM
arjefm-89	173	16	months	month	NOUN
arjefm-89	173	17	and	and	CCONJ
arjefm-89	173	18	twelve	twelve	NUM
arjefm-89	173	19	months	month	NOUN
arjefm-89	173	20	deposit	deposit	NOUN
arjefm-89	173	21	rates	rate	NOUN
arjefm-89	173	22	and	and	CCONJ
arjefm-89	173	23	the	the	DET
arjefm-89	173	24	maximum	maximum	ADJ
arjefm-89	173	25	lending	lending	NOUN
arjefm-89	173	26	rate	rate	NOUN
arjefm-89	173	27	followed	follow	VERB
arjefm-89	173	28	a	a	DET
arjefm-89	173	29	normal	normal	ADJ
arjefm-89	173	30	series	series	NOUN
arjefm-89	173	31	.	.	PUNCT
arjefm-89	174	1	the	the	DET
arjefm-89	174	2	essence	essence	NOUN
arjefm-89	174	3	of	of	ADP
arjefm-89	174	4	examining	examine	VERB
arjefm-89	174	5	the	the	DET
arjefm-89	174	6	data	datum	NOUN
arjefm-89	174	7	presented	present	VERB
arjefm-89	174	8	in	in	ADP
arjefm-89	174	9	table	table	NOUN
arjefm-89	174	10	one	one	NUM
arjefm-89	174	11	is	be	AUX
arjefm-89	174	12	because	because	SCONJ
arjefm-89	174	13	it	it	PRON
arjefm-89	174	14	depicts	depict	VERB
arjefm-89	174	15	interest	interest	NOUN
arjefm-89	174	16	rates	rate	NOUN
arjefm-89	174	17	at	at	ADP
arjefm-89	174	18	every	every	DET
arjefm-89	174	19	segment	segment	NOUN
arjefm-89	174	20	of	of	ADP
arjefm-89	174	21	the	the	DET
arjefm-89	174	22	market	market	NOUN
arjefm-89	174	23	,	,	PUNCT
arjefm-89	174	24	such	such	ADJ
arjefm-89	174	25	that	that	SCONJ
arjefm-89	174	26	the	the	DET
arjefm-89	174	27	money	money	NOUN
arjefm-89	174	28	market	market	NOUN
arjefm-89	174	29	is	be	AUX
arjefm-89	174	30	duly	duly	ADV
arjefm-89	174	31	represented	represent	VERB
arjefm-89	174	32	with	with	ADP
arjefm-89	174	33	the	the	DET
arjefm-89	174	34	interbank	interbank	NOUN
arjefm-89	174	35	call	call	NOUN
arjefm-89	174	36	interest	interest	NOUN
arjefm-89	174	37	rate	rate	NOUN
arjefm-89	174	38	and	and	CCONJ
arjefm-89	174	39	open	open	ADJ
arjefm-89	174	40	buy	buy	NOUN
arjefm-89	174	41	-	-	PUNCT
arjefm-89	174	42	back	back	NOUN
arjefm-89	174	43	rate	rate	NOUN
arjefm-89	174	44	and	and	CCONJ
arjefm-89	174	45	the	the	DET
arjefm-89	174	46	retail	retail	ADJ
arjefm-89	174	47	rate	rate	NOUN
arjefm-89	174	48	is	be	AUX
arjefm-89	174	49	represented	represent	VERB
arjefm-89	174	50	by	by	ADP
arjefm-89	174	51	the	the	DET
arjefm-89	174	52	deposit	deposit	NOUN
arjefm-89	174	53	and	and	CCONJ
arjefm-89	174	54	lending	lending	NOUN
arjefm-89	174	55	rates	rate	NOUN
arjefm-89	174	56	.	.	PUNCT
arjefm-89	175	1	table	table	NOUN
arjefm-89	175	2	1	1	NUM
arjefm-89	175	3	:	:	PUNCT
arjefm-89	175	4	descriptive	descriptive	ADJ
arjefm-89	175	5	statistics	statistic	NOUN
arjefm-89	175	6	mpr	mpr	PROPN
arjefm-89	175	7	itbc	itbc	PROPN
arjefm-89	175	8	obbr	obbr	PROPN
arjefm-89	175	9	sdr	sdr	PROPN
arjefm-89	176	1	1mdr1	1mdr1	NUM
arjefm-89	176	2	3mdr	3mdr	NUM
arjefm-89	176	3	6mdr	6mdr	NUM
arjefm-89	176	4	12mdr	12mdr	NOUN
arjefm-89	176	5	plr	plr	NOUN
arjefm-89	176	6	mlr	mlr	NOUN
arjefm-89	176	7	mean	mean	VERB
arjefm-89	176	8	10.92	10.92	NUM
arjefm-89	176	9	12.22	12.22	NUM
arjefm-89	176	10	11.29	11.29	NUM
arjefm-89	176	11	2.96	2.96	NUM
arjefm-89	176	12	8.55	8.55	NUM
arjefm-89	176	13	9.09	9.09	NUM
arjefm-89	176	14	9.04	9.04	NUM
arjefm-89	176	15	8.41	8.41	NUM
arjefm-89	176	16	16.91	16.91	NUM
arjefm-89	176	17	24.50	24.50	NUM
arjefm-89	176	18	median	median	NOUN
arjefm-89	176	19	12.00	12.00	NUM
arjefm-89	176	20	10.63	10.63	NUM
arjefm-89	176	21	10.20	10.20	NUM
arjefm-89	176	22	3.24	3.24	NUM
arjefm-89	176	23	8.52	8.52	NUM
arjefm-89	176	24	9.33	9.33	NUM
arjefm-89	176	25	9.63	9.63	NUM
arjefm-89	176	26	8.28	8.28	NUM
arjefm-89	176	27	16.82	16.82	NUM
arjefm-89	176	28	24.54	24.54	NUM
arjefm-89	176	29	max	max	PROPN
arjefm-89	176	30	14.00	14.00	NUM
arjefm-89	176	31	64.58	64.58	NUM
arjefm-89	176	32	51.04	51.04	NUM
arjefm-89	176	33	4.30	4.30	NUM
arjefm-89	176	34	15.01	15.01	NUM
arjefm-89	176	35	14.65	14.65	NUM
arjefm-89	176	36	15.84	15.84	NUM
arjefm-89	176	37	16.47	16.47	NUM
arjefm-89	176	38	19.66	19.66	NUM
arjefm-89	176	39	31.56	31.56	NUM
arjefm-89	176	40	min	min	NOUN
arjefm-89	176	41	6.00	6.00	NUM
arjefm-89	176	42	0.77	0.77	NUM
arjefm-89	176	43	0.89	0.89	NUM
arjefm-89	176	44	1.40	1.40	NUM
arjefm-89	176	45	3.49	3.49	NUM
arjefm-89	176	46	4.13	4.13	NUM
arjefm-89	176	47	3.50	3.50	NUM
arjefm-89	176	48	3.53	3.53	NUM
arjefm-89	176	49	14.58	14.58	NUM
arjefm-89	176	50	17.17	17.17	NUM
arjefm-89	176	51	sd	sd	ADP
arjefm-89	176	52	2.63	2.63	NUM
arjefm-89	176	53	8.44	8.44	NUM
arjefm-89	176	54	7.50	7.50	NUM
arjefm-89	176	55	0.93	0.93	NUM
arjefm-89	176	56	2.36	2.36	NUM
arjefm-89	176	57	2.21	2.21	NUM
arjefm-89	176	58	2.56	2.56	NUM
arjefm-89	176	59	2.88	2.88	NUM
arjefm-89	176	60	1.02	1.02	NUM
arjefm-89	176	61	3.94	3.94	NUM
arjefm-89	176	62	skew	skew	NOUN
arjefm-89	176	63	-0.60	-0.60	NUM
arjefm-89	176	64	2.51	2.51	NUM
arjefm-89	176	65	2.31	2.31	NUM
arjefm-89	176	66	-0.36	-0.36	NUM
arjefm-89	176	67	0.02	0.02	NUM
arjefm-89	176	68	-0.09	-0.09	NUM
arjefm-89	176	69	-0.20	-0.20	NUM
arjefm-89	176	70	0.15	0.15	NUM
arjefm-89	176	71	0.58	0.58	NUM
arjefm-89	176	72	0.09	0.09	NUM
arjefm-89	176	73	kurt	kurt	NOUN
arjefm-89	176	74	2.18	2.18	NUM
arjefm-89	176	75	13.65	13.65	NUM
arjefm-89	176	76	10.79	10.79	NUM
arjefm-89	176	77	1.81	1.81	NUM
arjefm-89	176	78	3.27	3.27	NUM
arjefm-89	176	79	2.81	2.81	NUM
arjefm-89	176	80	2.43	2.43	NUM
arjefm-89	176	81	2.13	2.13	NUM
arjefm-89	176	82	3.63	3.63	NUM
arjefm-89	176	83	2.27	2.27	NUM
arjefm-89	176	84	j	j	PROPN
arjefm-89	176	85	-	-	NOUN
arjefm-89	176	86	bera	bera	NOUN
arjefm-89	176	87	12.87	12.87	NUM
arjefm-89	176	88	837.72	837.72	NUM
arjefm-89	176	89	495.83	495.83	NUM
arjefm-89	176	90	11.73	11.73	NUM
arjefm-89	176	91	0.46	0.46	NUM
arjefm-89	176	92	0.41	0.41	NUM
arjefm-89	176	93	2.92	2.92	NUM
arjefm-89	176	94	5.15	5.15	NUM
arjefm-89	176	95	10.59	10.59	NUM
arjefm-89	176	96	3.39	3.39	NUM
arjefm-89	176	97	pvalue	pvalue	NOUN
arjefm-89	176	98	0.0016	0.0016	NUM
arjefm-89	176	99	0.0000	0.0000	NUM
arjefm-89	176	100	0.0000	0.0000	NUM
arjefm-89	176	101	0.0028	0.0028	NUM
arjefm-89	176	102	0.7958	0.7958	NUM
arjefm-89	176	103	0.8142	0.8142	NUM
arjefm-89	176	104	0.2318	0.2318	NUM
arjefm-89	177	1	0.0760	0.0760	NUM
arjefm-89	177	2	0.0050	0.0050	NUM
arjefm-89	177	3	0.1840	0.1840	NUM
arjefm-89	177	4	mailto:contact@americaserial.com	mailto:contact@americaserial.com	NOUN
arjefm-89	177	5	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	177	6	american	american	PROPN
arjefm-89	177	7	research	research	PROPN
arjefm-89	177	8	journal	journal	PROPN
arjefm-89	177	9	of	of	ADP
arjefm-89	177	10	economics	economic	NOUN
arjefm-89	177	11	,	,	PUNCT
arjefm-89	177	12	finance	finance	NOUN
arjefm-89	177	13	and	and	CCONJ
arjefm-89	177	14	management	management	NOUN
arjefm-89	177	15	volume	volume	NOUN
arjefm-89	177	16	11	11	NUM
arjefm-89	177	17	issue	issue	NOUN
arjefm-89	177	18	3	3	NUM
arjefm-89	177	19	,	,	PUNCT
arjefm-89	177	20	july	july	PROPN
arjefm-89	177	21	-	-	PUNCT
arjefm-89	177	22	september	september	PROPN
arjefm-89	177	23	2023	2023	NUM
arjefm-89	177	24	issn	issn	PROPN
arjefm-89	177	25	:	:	PUNCT
arjefm-89	177	26	2836	2836	NUM
arjefm-89	177	27	-	-	SYM
arjefm-89	177	28	9416	9416	NUM
arjefm-89	177	29	impact	impact	NOUN
arjefm-89	177	30	factor	factor	NOUN
arjefm-89	177	31	:	:	PUNCT
arjefm-89	177	32	5.57	5.57	NUM
arjefm-89	177	33	journal	journal	NOUN
arjefm-89	177	34	homepage	homepage	NOUN
arjefm-89	177	35	:	:	PUNCT
arjefm-89	177	36	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	177	37	,	,	PUNCT
arjefm-89	177	38	email	email	NOUN
arjefm-89	177	39	:	:	PUNCT
arjefm-89	177	40	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	177	41	official	official	ADJ
arjefm-89	177	42	journal	journal	PROPN
arjefm-89	177	43	of	of	ADP
arjefm-89	177	44	america	america	PROPN
arjefm-89	177	45	serial	serial	PROPN
arjefm-89	177	46	publication	publication	NOUN
arjefm-89	177	47	american	american	PROPN
arjefm-89	177	48	research	research	PROPN
arjefm-89	177	49	journal	journal	PROPN
arjefm-89	177	50	of	of	ADP
arjefm-89	177	51	economics	economic	NOUN
arjefm-89	177	52	,	,	PUNCT
arjefm-89	177	53	finance	finance	NOUN
arjefm-89	177	54	and	and	CCONJ
arjefm-89	177	55	management	management	NOUN
arjefm-89	177	56	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	177	57	,	,	PUNCT
arjefm-89	177	58	email	email	NOUN
arjefm-89	177	59	:	:	PUNCT
arjefm-89	177	60	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	178	1	9	9	NUM
arjefm-89	178	2	|	|	ADV
arjefm-89	178	3	p	p	X
arjefm-89	178	4	a	a	DET
arjefm-89	178	5	g	g	NOUN
arjefm-89	178	6	e	e	NOUN
arjefm-89	178	7	sum	sum	NOUN
arjefm-89	178	8	1582.75	1582.75	NUM
arjefm-89	178	9	1771.63	1771.63	NUM
arjefm-89	178	10	1636.52	1636.52	NUM
arjefm-89	178	11	428.90	428.90	NUM
arjefm-89	178	12	1240.04	1240.04	NUM
arjefm-89	178	13	1317.39	1317.39	NUM
arjefm-89	178	14	1310.74	1310.74	NUM
arjefm-89	178	15	1219.25	1219.25	NUM
arjefm-89	178	16	2452.26	2452.26	NUM
arjefm-89	178	17	3552.63	3552.63	NUM
arjefm-89	178	18	ssd	ssd	PROPN
arjefm-89	178	19	995.03	995.03	NUM
arjefm-89	178	20	10264.86	10264.86	NUM
arjefm-89	178	21	8101.89	8101.89	NUM
arjefm-89	178	22	125.69	125.69	NUM
arjefm-89	178	23	801.59	801.59	NUM
arjefm-89	178	24	706.26	706.26	NUM
arjefm-89	178	25	945.81	945.81	NUM
arjefm-89	178	26	1190.77	1190.77	NUM
arjefm-89	178	27	150.62	150.62	NUM
arjefm-89	178	28	2233.39	2233.39	NUM
arjefm-89	178	29	obs	obs	PROPN
arjefm-89	178	30	145.00	145.00	NUM
arjefm-89	178	31	145.00	145.00	NUM
arjefm-89	178	32	145.00	145.00	NUM
arjefm-89	178	33	145.00	145.00	NUM
arjefm-89	178	34	145.00	145.00	NUM
arjefm-89	178	35	145.00	145.00	NUM
arjefm-89	178	36	145.00	145.00	NUM
arjefm-89	178	37	145.00	145.00	NUM
arjefm-89	178	38	145.00	145.00	NUM
arjefm-89	178	39	145.00	145.00	NUM
arjefm-89	178	40	source	source	NOUN
arjefm-89	178	41	:	:	PUNCT
arjefm-89	178	42	author	author	NOUN
arjefm-89	178	43	’s	’s	PART
arjefm-89	178	44	compilation	compilation	NOUN
arjefm-89	178	45	from	from	ADP
arjefm-89	178	46	eviews	eview	NOUN
arjefm-89	178	47	note	note	NOUN
arjefm-89	178	48	:	:	PUNCT
arjefm-89	178	49	mpr	mpr	NOUN
arjefm-89	178	50	represents	represent	VERB
arjefm-89	178	51	monetary	monetary	ADJ
arjefm-89	178	52	policy	policy	NOUN
arjefm-89	178	53	rate	rate	NOUN
arjefm-89	178	54	,	,	PUNCT
arjefm-89	178	55	itbc	itbc	PROPN
arjefm-89	178	56	represents	represent	VERB
arjefm-89	178	57	the	the	DET
arjefm-89	178	58	interbank	interbank	NOUN
arjefm-89	178	59	call	call	NOUN
arjefm-89	178	60	rate	rate	NOUN
arjefm-89	178	61	,	,	PUNCT
arjefm-89	178	62	obbr	obbr	PROPN
arjefm-89	178	63	represents	represent	VERB
arjefm-89	178	64	the	the	DET
arjefm-89	178	65	open	open	ADJ
arjefm-89	178	66	buy	buy	NOUN
arjefm-89	178	67	-	-	PUNCT
arjefm-89	178	68	back	back	NOUN
arjefm-89	178	69	rate	rate	NOUN
arjefm-89	178	70	,	,	PUNCT
arjefm-89	178	71	sdr	sdr	PROPN
arjefm-89	178	72	represents	represent	VERB
arjefm-89	178	73	the	the	DET
arjefm-89	178	74	savings	saving	NOUN
arjefm-89	178	75	deposit	deposit	NOUN
arjefm-89	178	76	rate	rate	NOUN
arjefm-89	178	77	,	,	PUNCT
arjefm-89	178	78	1mdr	1mdr	NUM
arjefm-89	178	79	represents	represent	VERB
arjefm-89	178	80	the	the	DET
arjefm-89	178	81	one	one	NUM
arjefm-89	178	82	month	month	NOUN
arjefm-89	178	83	deposit	deposit	NOUN
arjefm-89	178	84	rate	rate	NOUN
arjefm-89	178	85	,	,	PUNCT
arjefm-89	178	86	3mdr	3mdr	NUM
arjefm-89	178	87	represents	represent	VERB
arjefm-89	178	88	three	three	NUM
arjefm-89	178	89	months	month	NOUN
arjefm-89	178	90	deposit	deposit	NOUN
arjefm-89	178	91	rate	rate	NOUN
arjefm-89	178	92	,	,	PUNCT
arjefm-89	178	93	6mdr	6mdr	NUM
arjefm-89	178	94	represents	represent	VERB
arjefm-89	178	95	six	six	NUM
arjefm-89	178	96	months	month	NOUN
arjefm-89	178	97	deposit	deposit	NOUN
arjefm-89	178	98	rate	rate	NOUN
arjefm-89	178	99	,	,	PUNCT
arjefm-89	178	100	12mdr	12mdr	NUM
arjefm-89	178	101	represents	represent	VERB
arjefm-89	178	102	twelve	twelve	NUM
arjefm-89	178	103	months	month	NOUN
arjefm-89	178	104	deposit	deposit	NOUN
arjefm-89	178	105	rate	rate	NOUN
arjefm-89	178	106	,	,	PUNCT
arjefm-89	178	107	plr	plr	NOUN
arjefm-89	178	108	represents	represent	VERB
arjefm-89	178	109	prime	prime	ADJ
arjefm-89	178	110	lending	lending	NOUN
arjefm-89	178	111	rate	rate	NOUN
arjefm-89	178	112	,	,	PUNCT
arjefm-89	178	113	while	while	SCONJ
arjefm-89	178	114	mlr	mlr	NOUN
arjefm-89	178	115	represents	represent	VERB
arjefm-89	178	116	maximum	maximum	ADJ
arjefm-89	178	117	lending	lending	NOUN
arjefm-89	178	118	rate	rate	NOUN
arjefm-89	178	119	.	.	PUNCT
arjefm-89	179	1	table	table	NOUN
arjefm-89	179	2	2	2	NUM
arjefm-89	179	3	displayed	display	VERB
arjefm-89	179	4	the	the	DET
arjefm-89	179	5	extent	extent	NOUN
arjefm-89	179	6	of	of	ADP
arjefm-89	179	7	correlation	correlation	NOUN
arjefm-89	179	8	among	among	ADP
arjefm-89	179	9	the	the	DET
arjefm-89	179	10	variables	variable	NOUN
arjefm-89	179	11	.	.	PUNCT
arjefm-89	180	1	while	while	SCONJ
arjefm-89	180	2	there	there	PRON
arjefm-89	180	3	are	be	VERB
arjefm-89	180	4	mild	mild	ADJ
arjefm-89	180	5	correlations	correlation	NOUN
arjefm-89	180	6	between	between	ADP
arjefm-89	180	7	the	the	DET
arjefm-89	180	8	policy	policy	NOUN
arjefm-89	180	9	rate	rate	NOUN
arjefm-89	180	10	,	,	PUNCT
arjefm-89	180	11	interbank	interbank	NOUN
arjefm-89	180	12	rates	rate	NOUN
arjefm-89	180	13	(	(	PUNCT
arjefm-89	180	14	interbank	interbank	NOUN
arjefm-89	180	15	and	and	CCONJ
arjefm-89	180	16	open	open	ADJ
arjefm-89	180	17	buy	buy	VERB
arjefm-89	180	18	back	back	ADP
arjefm-89	180	19	rates	rate	NOUN
arjefm-89	180	20	)	)	PUNCT
arjefm-89	180	21	and	and	CCONJ
arjefm-89	180	22	savings	saving	NOUN
arjefm-89	180	23	rate	rate	NOUN
arjefm-89	180	24	,	,	PUNCT
arjefm-89	180	25	there	there	PRON
arjefm-89	180	26	are	be	VERB
arjefm-89	180	27	weak	weak	ADJ
arjefm-89	180	28	positive	positive	ADJ
arjefm-89	180	29	correlations	correlation	NOUN
arjefm-89	180	30	between	between	ADP
arjefm-89	180	31	the	the	DET
arjefm-89	180	32	policy	policy	NOUN
arjefm-89	180	33	rate	rate	NOUN
arjefm-89	180	34	and	and	CCONJ
arjefm-89	180	35	one	one	NUM
arjefm-89	180	36	,	,	PUNCT
arjefm-89	180	37	three	three	NUM
arjefm-89	180	38	,	,	PUNCT
arjefm-89	180	39	six	six	NUM
arjefm-89	180	40	and	and	CCONJ
arjefm-89	180	41	twelve	twelve	NUM
arjefm-89	180	42	-	-	PUNCT
arjefm-89	180	43	month	month	NOUN
arjefm-89	180	44	deposit	deposit	NOUN
arjefm-89	180	45	rates	rate	NOUN
arjefm-89	180	46	.	.	PUNCT
arjefm-89	181	1	however	however	ADV
arjefm-89	181	2	,	,	PUNCT
arjefm-89	181	3	the	the	DET
arjefm-89	181	4	maximum	maximum	ADJ
arjefm-89	181	5	lending	lending	NOUN
arjefm-89	181	6	rate	rate	NOUN
arjefm-89	181	7	has	have	VERB
arjefm-89	181	8	a	a	DET
arjefm-89	181	9	mildly	mildly	ADV
arjefm-89	181	10	strong	strong	ADJ
arjefm-89	181	11	positive	positive	ADJ
arjefm-89	181	12	correlation	correlation	NOUN
arjefm-89	181	13	with	with	ADP
arjefm-89	181	14	the	the	DET
arjefm-89	181	15	policy	policy	NOUN
arjefm-89	181	16	rate	rate	NOUN
arjefm-89	181	17	.	.	PUNCT
arjefm-89	182	1	table	table	NOUN
arjefm-89	182	2	3	3	NUM
arjefm-89	182	3	confirmed	confirm	VERB
arjefm-89	182	4	that	that	SCONJ
arjefm-89	182	5	the	the	DET
arjefm-89	182	6	policy	policy	NOUN
arjefm-89	182	7	rate	rate	NOUN
arjefm-89	182	8	and	and	CCONJ
arjefm-89	182	9	retail	retail	ADJ
arjefm-89	182	10	lending	lending	NOUN
arjefm-89	182	11	and	and	CCONJ
arjefm-89	182	12	deposit	deposit	NOUN
arjefm-89	182	13	rates	rate	NOUN
arjefm-89	182	14	had	have	VERB
arjefm-89	182	15	a	a	DET
arjefm-89	182	16	unit	unit	NOUN
arjefm-89	182	17	root	root	NOUN
arjefm-89	182	18	,	,	PUNCT
arjefm-89	182	19	while	while	SCONJ
arjefm-89	182	20	the	the	DET
arjefm-89	182	21	interbank	interbank	NOUN
arjefm-89	182	22	call	call	NOUN
arjefm-89	182	23	rate	rate	NOUN
arjefm-89	182	24	and	and	CCONJ
arjefm-89	182	25	open	open	ADJ
arjefm-89	182	26	buy	buy	NOUN
arjefm-89	182	27	-	-	PUNCT
arjefm-89	182	28	back	back	NOUN
arjefm-89	182	29	rate	rate	NOUN
arjefm-89	182	30	were	be	AUX
arjefm-89	182	31	stationary	stationary	ADJ
arjefm-89	182	32	in	in	ADP
arjefm-89	182	33	their	their	PRON
arjefm-89	182	34	level	level	NOUN
arjefm-89	182	35	form	form	NOUN
arjefm-89	182	36	.	.	PUNCT
arjefm-89	183	1	table	table	NOUN
arjefm-89	183	2	2	2	NUM
arjefm-89	183	3	:	:	PUNCT
arjefm-89	183	4	correlation	correlation	NOUN
arjefm-89	183	5	matrix	matrix	NOUN
arjefm-89	183	6	itbc	itbc	PROPN
arjefm-89	183	7	obbr	obbr	PROPN
arjefm-89	183	8	sdr	sdr	PROPN
arjefm-89	184	1	1mdr	1mdr	PROPN
arjefm-89	184	2	3mdr	3mdr	NUM
arjefm-89	184	3	6mdr	6mdr	NUM
arjefm-89	184	4	12mdr	12mdr	PROPN
arjefm-89	184	5	plr	plr	NOUN
arjefm-89	184	6	mlr	mlr	NOUN
arjefm-89	184	7	mpr	mpr	NOUN
arjefm-89	184	8	0.4321	0.4321	NUM
arjefm-89	184	9	0.5607	0.5607	NUM
arjefm-89	184	10	0.5095	0.5095	NUM
arjefm-89	185	1	0.0016	0.0016	NUM
arjefm-89	185	2	0.036	0.036	NUM
arjefm-89	185	3	0.1559	0.1559	NUM
arjefm-89	185	4	0.1443	0.1443	NUM
arjefm-89	185	5	0.1684	0.1684	NUM
arjefm-89	185	6	0.7135	0.7135	NUM
arjefm-89	185	7	source	source	NOUN
arjefm-89	185	8	:	:	PUNCT
arjefm-89	185	9	author	author	NOUN
arjefm-89	185	10	’s	’s	PART
arjefm-89	185	11	compilation	compilation	NOUN
arjefm-89	185	12	from	from	ADP
arjefm-89	185	13	eviews	eview	NOUN
arjefm-89	185	14	,	,	PUNCT
arjefm-89	185	15	2020	2020	NUM
arjefm-89	185	16	note	note	NOUN
arjefm-89	185	17	:	:	PUNCT
arjefm-89	185	18	mpr	mpr	NOUN
arjefm-89	185	19	represents	represent	VERB
arjefm-89	185	20	monetary	monetary	ADJ
arjefm-89	185	21	policy	policy	NOUN
arjefm-89	185	22	rate	rate	NOUN
arjefm-89	185	23	,	,	PUNCT
arjefm-89	185	24	itbc	itbc	PROPN
arjefm-89	185	25	represents	represent	VERB
arjefm-89	185	26	the	the	DET
arjefm-89	185	27	interbank	interbank	NOUN
arjefm-89	185	28	call	call	NOUN
arjefm-89	185	29	rate	rate	NOUN
arjefm-89	185	30	,	,	PUNCT
arjefm-89	185	31	obbr	obbr	PROPN
arjefm-89	185	32	represents	represent	VERB
arjefm-89	185	33	the	the	DET
arjefm-89	185	34	open	open	ADJ
arjefm-89	185	35	buy	buy	NOUN
arjefm-89	185	36	-	-	PUNCT
arjefm-89	185	37	back	back	NOUN
arjefm-89	185	38	rate	rate	NOUN
arjefm-89	185	39	,	,	PUNCT
arjefm-89	185	40	sdr	sdr	PROPN
arjefm-89	185	41	represents	represent	VERB
arjefm-89	185	42	the	the	DET
arjefm-89	185	43	savings	saving	NOUN
arjefm-89	185	44	deposit	deposit	NOUN
arjefm-89	185	45	rate	rate	NOUN
arjefm-89	185	46	,	,	PUNCT
arjefm-89	185	47	1mdr	1mdr	NUM
arjefm-89	185	48	represents	represent	VERB
arjefm-89	185	49	the	the	DET
arjefm-89	185	50	one	one	NUM
arjefm-89	185	51	month	month	NOUN
arjefm-89	185	52	deposit	deposit	NOUN
arjefm-89	185	53	rate	rate	NOUN
arjefm-89	185	54	,	,	PUNCT
arjefm-89	185	55	3mdr	3mdr	NUM
arjefm-89	185	56	represents	represent	VERB
arjefm-89	185	57	three	three	NUM
arjefm-89	185	58	months	month	NOUN
arjefm-89	185	59	deposit	deposit	NOUN
arjefm-89	185	60	rate	rate	NOUN
arjefm-89	185	61	,	,	PUNCT
arjefm-89	185	62	6mdr	6mdr	NUM
arjefm-89	185	63	represents	represent	VERB
arjefm-89	185	64	six	six	NUM
arjefm-89	185	65	months	month	NOUN
arjefm-89	185	66	deposit	deposit	NOUN
arjefm-89	185	67	rate	rate	NOUN
arjefm-89	185	68	,	,	PUNCT
arjefm-89	185	69	12mdr	12mdr	NUM
arjefm-89	185	70	represents	represent	VERB
arjefm-89	185	71	twelve	twelve	NUM
arjefm-89	185	72	months	month	NOUN
arjefm-89	185	73	deposit	deposit	NOUN
arjefm-89	185	74	rate	rate	NOUN
arjefm-89	185	75	,	,	PUNCT
arjefm-89	185	76	plr	plr	NOUN
arjefm-89	185	77	represents	represent	VERB
arjefm-89	185	78	prime	prime	ADJ
arjefm-89	185	79	lending	lending	NOUN
arjefm-89	185	80	rate	rate	NOUN
arjefm-89	185	81	,	,	PUNCT
arjefm-89	185	82	while	while	SCONJ
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arjefm-89	188	18	,	,	PUNCT
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arjefm-89	189	1	10	10	NUM
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arjefm-89	190	34	(	(	PUNCT
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arjefm-89	190	36	)	)	PUNCT
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arjefm-89	190	39	)	)	PUNCT
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arjefm-89	191	5	)	)	PUNCT
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arjefm-89	191	8	)	)	PUNCT
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arjefm-89	192	2	)	)	PUNCT
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arjefm-89	193	5	)	)	PUNCT
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arjefm-89	194	6	)	)	PUNCT
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arjefm-89	195	1	*	*	PUNCT
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arjefm-89	195	5	)	)	PUNCT
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arjefm-89	196	8	)	)	PUNCT
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arjefm-89	196	26	)	)	PUNCT
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arjefm-89	197	8	)	)	PUNCT
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arjefm-89	198	7	)	)	PUNCT
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arjefm-89	198	10	)	)	PUNCT
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arjefm-89	199	5	)	)	PUNCT
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arjefm-89	199	8	)	)	PUNCT
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arjefm-89	200	17	)	)	PUNCT
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arjefm-89	201	5	)	)	PUNCT
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arjefm-89	201	7	0.0000	0.0000	NUM
arjefm-89	201	8	)	)	PUNCT
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arjefm-89	206	12	,	,	PUNCT
arjefm-89	206	13	-2.88(5	-2.88(5	ADJ
arjefm-89	206	14	%	%	NOUN
arjefm-89	206	15	)	)	PUNCT
arjefm-89	206	16	and	and	CCONJ
arjefm-89	206	17	2.58(10	2.58(10	NUM
arjefm-89	206	18	%	%	NOUN
arjefm-89	206	19	)	)	PUNCT
arjefm-89	206	20	.	.	PUNCT
arjefm-89	207	1	*	*	PUNCT
arjefm-89	207	2	*	*	PUNCT
arjefm-89	207	3	*	*	PUNCT
arjefm-89	207	4	,	,	PUNCT
arjefm-89	207	5	*	*	PUNCT
arjefm-89	207	6	*	*	PUNCT
arjefm-89	207	7	and	and	CCONJ
arjefm-89	207	8	*	*	PUNCT
arjefm-89	207	9	denote	denote	NOUN
arjefm-89	207	10	significance	significance	NOUN
arjefm-89	207	11	at	at	ADP
arjefm-89	207	12	1	1	NUM
arjefm-89	207	13	%	%	NOUN
arjefm-89	207	14	,	,	PUNCT
arjefm-89	207	15	5	5	NUM
arjefm-89	207	16	%	%	NOUN
arjefm-89	207	17	and	and	CCONJ
arjefm-89	207	18	10	10	NUM
arjefm-89	207	19	%	%	NOUN
arjefm-89	207	20	levels	level	NOUN
arjefm-89	207	21	,	,	PUNCT
arjefm-89	207	22	respectively	respectively	ADV
arjefm-89	207	23	.	.	PUNCT
arjefm-89	208	1	4.1	4.1	NUM
arjefm-89	208	2	response	response	NOUN
arjefm-89	208	3	from	from	ADP
arjefm-89	208	4	the	the	DET
arjefm-89	208	5	policy	policy	NOUN
arjefm-89	208	6	rate	rate	NOUN
arjefm-89	208	7	to	to	ADP
arjefm-89	208	8	the	the	DET
arjefm-89	208	9	interbank	interbank	NOUN
arjefm-89	208	10	rate	rate	NOUN
arjefm-89	208	11	the	the	DET
arjefm-89	208	12	first	first	ADJ
arjefm-89	208	13	aspect	aspect	NOUN
arjefm-89	208	14	of	of	ADP
arjefm-89	208	15	the	the	DET
arjefm-89	208	16	analysis	analysis	NOUN
arjefm-89	208	17	discusses	discuss	VERB
arjefm-89	208	18	the	the	DET
arjefm-89	208	19	pass	pass	VERB
arjefm-89	208	20	-	-	PUNCT
arjefm-89	208	21	through	through	NOUN
arjefm-89	208	22	from	from	ADP
arjefm-89	208	23	the	the	DET
arjefm-89	208	24	policy	policy	NOUN
arjefm-89	208	25	rate	rate	NOUN
arjefm-89	208	26	to	to	ADP
arjefm-89	208	27	the	the	DET
arjefm-89	208	28	inter	inter	ADJ
arjefm-89	208	29	-	-	ADJ
arjefm-89	208	30	bank	bank	ADJ
arjefm-89	208	31	market	market	NOUN
arjefm-89	208	32	(	(	PUNCT
arjefm-89	208	33	the	the	DET
arjefm-89	208	34	monetary	monetary	ADJ
arjefm-89	208	35	approach	approach	NOUN
arjefm-89	208	36	)	)	PUNCT
arjefm-89	208	37	.	.	PUNCT
arjefm-89	209	1	first	first	ADV
arjefm-89	209	2	,	,	PUNCT
arjefm-89	209	3	the	the	DET
arjefm-89	209	4	bound	bound	ADJ
arjefm-89	209	5	test	test	NOUN
arjefm-89	209	6	procedure	procedure	NOUN
arjefm-89	209	7	was	be	AUX
arjefm-89	209	8	carried	carry	VERB
arjefm-89	209	9	out	out	ADP
arjefm-89	209	10	to	to	PART
arjefm-89	209	11	examine	examine	VERB
arjefm-89	209	12	the	the	DET
arjefm-89	209	13	extent	extent	NOUN
arjefm-89	209	14	of	of	ADP
arjefm-89	209	15	cointegration	cointegration	NOUN
arjefm-89	209	16	among	among	ADP
arjefm-89	209	17	the	the	DET
arjefm-89	209	18	variables	variable	NOUN
arjefm-89	209	19	.	.	PUNCT
arjefm-89	210	1	the	the	DET
arjefm-89	210	2	result	result	NOUN
arjefm-89	210	3	from	from	ADP
arjefm-89	210	4	table	table	NOUN
arjefm-89	210	5	4	4	NUM
arjefm-89	210	6	showed	show	VERB
arjefm-89	210	7	that	that	SCONJ
arjefm-89	210	8	cointegration	cointegration	NOUN
arjefm-89	210	9	exists	exist	VERB
arjefm-89	210	10	among	among	ADP
arjefm-89	210	11	the	the	DET
arjefm-89	210	12	variables	variable	NOUN
arjefm-89	210	13	,	,	PUNCT
arjefm-89	210	14	implying	imply	VERB
arjefm-89	210	15	that	that	SCONJ
arjefm-89	210	16	there	there	PRON
arjefm-89	210	17	is	be	VERB
arjefm-89	210	18	a	a	DET
arjefm-89	210	19	long	long	ADJ
arjefm-89	210	20	-	-	PUNCT
arjefm-89	210	21	run	run	NOUN
arjefm-89	210	22	relationship	relationship	NOUN
arjefm-89	210	23	,	,	PUNCT
arjefm-89	210	24	and	and	CCONJ
arjefm-89	210	25	the	the	DET
arjefm-89	210	26	interbank	interbank	NOUN
arjefm-89	210	27	rates	rate	NOUN
arjefm-89	210	28	adjust	adjust	VERB
arjefm-89	210	29	to	to	ADP
arjefm-89	210	30	policy	policy	NOUN
arjefm-89	210	31	rate	rate	NOUN
arjefm-89	210	32	changes	change	NOUN
arjefm-89	210	33	in	in	ADP
arjefm-89	210	34	the	the	DET
arjefm-89	210	35	long	long	ADJ
arjefm-89	210	36	run	run	NOUN
arjefm-89	210	37	.	.	PUNCT
arjefm-89	211	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-89	211	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	212	1	american	american	PROPN
arjefm-89	212	2	research	research	PROPN
arjefm-89	212	3	journal	journal	PROPN
arjefm-89	212	4	of	of	ADP
arjefm-89	212	5	economics	economic	NOUN
arjefm-89	212	6	,	,	PUNCT
arjefm-89	212	7	finance	finance	NOUN
arjefm-89	212	8	and	and	CCONJ
arjefm-89	212	9	management	management	NOUN
arjefm-89	212	10	volume	volume	NOUN
arjefm-89	212	11	11	11	NUM
arjefm-89	212	12	issue	issue	NOUN
arjefm-89	212	13	3	3	NUM
arjefm-89	212	14	,	,	PUNCT
arjefm-89	212	15	july	july	PROPN
arjefm-89	212	16	-	-	PUNCT
arjefm-89	212	17	september	september	PROPN
arjefm-89	212	18	2023	2023	NUM
arjefm-89	212	19	issn	issn	PROPN
arjefm-89	212	20	:	:	PUNCT
arjefm-89	212	21	2836	2836	NUM
arjefm-89	212	22	-	-	SYM
arjefm-89	212	23	9416	9416	NUM
arjefm-89	212	24	impact	impact	NOUN
arjefm-89	212	25	factor	factor	NOUN
arjefm-89	212	26	:	:	PUNCT
arjefm-89	212	27	5.57	5.57	NUM
arjefm-89	212	28	journal	journal	NOUN
arjefm-89	212	29	homepage	homepage	NOUN
arjefm-89	212	30	:	:	PUNCT
arjefm-89	212	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	212	32	,	,	PUNCT
arjefm-89	212	33	email	email	NOUN
arjefm-89	212	34	:	:	PUNCT
arjefm-89	213	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	213	2	official	official	ADJ
arjefm-89	213	3	journal	journal	PROPN
arjefm-89	213	4	of	of	ADP
arjefm-89	213	5	america	america	PROPN
arjefm-89	213	6	serial	serial	PROPN
arjefm-89	213	7	publication	publication	NOUN
arjefm-89	213	8	american	american	PROPN
arjefm-89	213	9	research	research	PROPN
arjefm-89	213	10	journal	journal	PROPN
arjefm-89	213	11	of	of	ADP
arjefm-89	213	12	economics	economic	NOUN
arjefm-89	213	13	,	,	PUNCT
arjefm-89	213	14	finance	finance	NOUN
arjefm-89	213	15	and	and	CCONJ
arjefm-89	213	16	management	management	NOUN
arjefm-89	213	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	213	18	,	,	PUNCT
arjefm-89	213	19	email	email	NOUN
arjefm-89	213	20	:	:	PUNCT
arjefm-89	213	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	214	1	11	11	NUM
arjefm-89	215	1	|	|	ADV
arjefm-89	215	2	p	p	X
arjefm-89	215	3	a	a	DET
arjefm-89	215	4	g	g	NOUN
arjefm-89	215	5	e	e	NOUN
arjefm-89	215	6	table	table	NOUN
arjefm-89	215	7	4	4	NUM
arjefm-89	215	8	:	:	PUNCT
arjefm-89	215	9	bound	bind	VERB
arjefm-89	215	10	test	test	NOUN
arjefm-89	215	11	result	result	NOUN
arjefm-89	215	12	of	of	ADP
arjefm-89	215	13	pass	pass	NOUN
arjefm-89	215	14	-	-	PUNCT
arjefm-89	215	15	through	through	NOUN
arjefm-89	215	16	from	from	ADP
arjefm-89	215	17	policy	policy	NOUN
arjefm-89	215	18	rate	rate	NOUN
arjefm-89	215	19	to	to	ADP
arjefm-89	215	20	interbank	interbank	NOUN
arjefm-89	215	21	market	market	NOUN
arjefm-89	215	22	itbc	itbc	X
arjefm-89	215	23	obbr	obbr	NOUN
arjefm-89	215	24	f	f	NOUN
arjefm-89	215	25	-	-	PUNCT
arjefm-89	215	26	statistic	statistic	NOUN
arjefm-89	215	27	10.77	10.77	NUM
arjefm-89	215	28	10.67	10.67	NUM
arjefm-89	215	29	lower(1	lower(1	PROPN
arjefm-89	215	30	%	%	NOUN
arjefm-89	215	31	)	)	PUNCT
arjefm-89	215	32	6.84	6.84	NUM
arjefm-89	215	33	6.84	6.84	NUM
arjefm-89	215	34	upper(1	upper(1	PROPN
arjefm-89	215	35	%	%	NOUN
arjefm-89	215	36	)	)	PUNCT
arjefm-89	215	37	7.84	7.84	NUM
arjefm-89	215	38	7.84	7.84	NUM
arjefm-89	215	39	lower(5	lower(5	NOUN
arjefm-89	215	40	%	%	NOUN
arjefm-89	215	41	)	)	PUNCT
arjefm-89	215	42	4.94	4.94	NUM
arjefm-89	215	43	4.94	4.94	NUM
arjefm-89	215	44	upper(5	upper(5	NOUN
arjefm-89	215	45	%	%	NOUN
arjefm-89	215	46	)	)	PUNCT
arjefm-89	215	47	5.73	5.73	NUM
arjefm-89	215	48	5.73	5.73	NUM
arjefm-89	215	49	cointegration	cointegration	NOUN
arjefm-89	216	1	yes	yes	INTJ
arjefm-89	216	2	yes	yes	INTJ
arjefm-89	216	3	source	source	NOUN
arjefm-89	216	4	:	:	PUNCT
arjefm-89	216	5	author	author	NOUN
arjefm-89	216	6	’s	’s	PART
arjefm-89	216	7	compilation	compilation	NOUN
arjefm-89	216	8	from	from	ADP
arjefm-89	216	9	eviews	eview	NOUN
arjefm-89	216	10	in	in	ADP
arjefm-89	216	11	the	the	DET
arjefm-89	216	12	short	short	ADJ
arjefm-89	216	13	run	run	NOUN
arjefm-89	216	14	,	,	PUNCT
arjefm-89	216	15	table	table	NOUN
arjefm-89	216	16	5	5	NUM
arjefm-89	216	17	showed	show	VERB
arjefm-89	216	18	that	that	SCONJ
arjefm-89	216	19	the	the	DET
arjefm-89	216	20	pass	pass	NOUN
arjefm-89	216	21	-	-	PUNCT
arjefm-89	216	22	through	through	NOUN
arjefm-89	216	23	from	from	ADP
arjefm-89	216	24	the	the	DET
arjefm-89	216	25	policy	policy	NOUN
arjefm-89	216	26	rate	rate	NOUN
arjefm-89	216	27	to	to	ADP
arjefm-89	216	28	the	the	DET
arjefm-89	216	29	interbank	interbank	NOUN
arjefm-89	216	30	market	market	NOUN
arjefm-89	216	31	is	be	AUX
arjefm-89	216	32	incomplete	incomplete	ADJ
arjefm-89	216	33	,	,	PUNCT
arjefm-89	216	34	albeit	albeit	SCONJ
arjefm-89	216	35	to	to	ADP
arjefm-89	216	36	a	a	DET
arjefm-89	216	37	higher	high	ADJ
arjefm-89	216	38	degree	degree	NOUN
arjefm-89	216	39	at	at	ADP
arjefm-89	216	40	0.88	0.88	NUM
arjefm-89	216	41	for	for	ADP
arjefm-89	216	42	the	the	DET
arjefm-89	216	43	interbank	interbank	NOUN
arjefm-89	216	44	call	call	NOUN
arjefm-89	216	45	rate	rate	NOUN
arjefm-89	216	46	and	and	CCONJ
arjefm-89	216	47	0.71	0.71	NUM
arjefm-89	216	48	for	for	ADP
arjefm-89	216	49	the	the	DET
arjefm-89	216	50	open	open	ADJ
arjefm-89	216	51	buy	buy	NOUN
arjefm-89	216	52	-	-	PUNCT
arjefm-89	216	53	back	back	NOUN
arjefm-89	216	54	rate	rate	NOUN
arjefm-89	216	55	.	.	PUNCT
arjefm-89	217	1	table	table	NOUN
arjefm-89	217	2	5	5	NUM
arjefm-89	217	3	further	far	ADV
arjefm-89	217	4	suggests	suggest	VERB
arjefm-89	217	5	that	that	SCONJ
arjefm-89	217	6	the	the	DET
arjefm-89	217	7	interbank	interbank	NOUN
arjefm-89	217	8	call	call	NOUN
arjefm-89	217	9	rate	rate	NOUN
arjefm-89	217	10	adjusts	adjust	VERB
arjefm-89	217	11	at	at	ADP
arjefm-89	217	12	62	62	NUM
arjefm-89	217	13	%	%	NOUN
arjefm-89	217	14	towards	towards	ADP
arjefm-89	217	15	equilibrium	equilibrium	NOUN
arjefm-89	217	16	in	in	ADP
arjefm-89	217	17	each	each	DET
arjefm-89	217	18	month	month	NOUN
arjefm-89	217	19	,	,	PUNCT
arjefm-89	217	20	while	while	SCONJ
arjefm-89	217	21	the	the	DET
arjefm-89	217	22	open	open	ADJ
arjefm-89	217	23	buy	buy	NOUN
arjefm-89	217	24	-	-	PUNCT
arjefm-89	217	25	back	back	NOUN
arjefm-89	217	26	rate	rate	NOUN
arjefm-89	217	27	adjusts	adjust	VERB
arjefm-89	217	28	at	at	ADP
arjefm-89	217	29	44	44	NUM
arjefm-89	217	30	%	%	NOUN
arjefm-89	217	31	towards	towards	ADP
arjefm-89	217	32	long	long	ADJ
arjefm-89	217	33	-	-	PUNCT
arjefm-89	217	34	run	run	NOUN
arjefm-89	217	35	equilibrium	equilibrium	NOUN
arjefm-89	217	36	.	.	PUNCT
arjefm-89	218	1	an	an	DET
arjefm-89	218	2	incomplete	incomplete	ADJ
arjefm-89	218	3	passthrough	passthrough	NOUN
arjefm-89	218	4	implies	imply	VERB
arjefm-89	218	5	that	that	SCONJ
arjefm-89	218	6	the	the	DET
arjefm-89	218	7	interbank	interbank	NOUN
arjefm-89	218	8	market	market	NOUN
arjefm-89	218	9	responds	respond	VERB
arjefm-89	218	10	less	less	ADJ
arjefm-89	218	11	than	than	ADP
arjefm-89	218	12	proportionately	proportionately	ADV
arjefm-89	218	13	to	to	ADP
arjefm-89	218	14	a	a	DET
arjefm-89	218	15	change	change	NOUN
arjefm-89	218	16	in	in	ADP
arjefm-89	218	17	the	the	DET
arjefm-89	218	18	policy	policy	NOUN
arjefm-89	218	19	rate	rate	NOUN
arjefm-89	218	20	.	.	PUNCT
arjefm-89	219	1	this	this	DET
arjefm-89	219	2	result	result	NOUN
arjefm-89	219	3	is	be	AUX
arjefm-89	219	4	in	in	ADP
arjefm-89	219	5	line	line	NOUN
arjefm-89	219	6	with	with	ADP
arjefm-89	219	7	the	the	DET
arjefm-89	219	8	theoretical	theoretical	ADJ
arjefm-89	219	9	expectation	expectation	NOUN
arjefm-89	219	10	which	which	PRON
arjefm-89	219	11	states	state	VERB
arjefm-89	219	12	that	that	SCONJ
arjefm-89	219	13	interest	interest	NOUN
arjefm-89	219	14	rate	rate	NOUN
arjefm-89	219	15	can	can	AUX
arjefm-89	219	16	have	have	VERB
arjefm-89	219	17	an	an	DET
arjefm-89	219	18	incomplete	incomplete	ADJ
arjefm-89	219	19	pass	pass	NOUN
arjefm-89	219	20	through	through	ADP
arjefm-89	219	21	as	as	ADP
arjefm-89	219	22	a	a	DET
arjefm-89	219	23	result	result	NOUN
arjefm-89	219	24	of	of	ADP
arjefm-89	219	25	factors	factor	NOUN
arjefm-89	219	26	that	that	PRON
arjefm-89	219	27	cause	cause	VERB
arjefm-89	219	28	interest	interest	NOUN
arjefm-89	219	29	rate	rate	NOUN
arjefm-89	219	30	stickiness	stickiness	NOUN
arjefm-89	219	31	such	such	ADJ
arjefm-89	219	32	as	as	ADP
arjefm-89	219	33	the	the	DET
arjefm-89	219	34	problem	problem	NOUN
arjefm-89	219	35	of	of	ADP
arjefm-89	219	36	asymmetric	asymmetric	ADJ
arjefm-89	219	37	information	information	NOUN
arjefm-89	219	38	,	,	PUNCT
arjefm-89	219	39	costs	cost	NOUN
arjefm-89	219	40	faced	face	VERB
arjefm-89	219	41	by	by	ADP
arjefm-89	219	42	banks	bank	NOUN
arjefm-89	219	43	(	(	PUNCT
arjefm-89	219	44	switching	switch	VERB
arjefm-89	219	45	costs	cost	NOUN
arjefm-89	219	46	and	and	CCONJ
arjefm-89	219	47	adjustment	adjustment	NOUN
arjefm-89	219	48	costs	cost	NOUN
arjefm-89	219	49	)	)	PUNCT
arjefm-89	219	50	,	,	PUNCT
arjefm-89	219	51	risk	risk	NOUN
arjefm-89	219	52	-	-	PUNCT
arjefm-89	219	53	sharing	share	VERB
arjefm-89	219	54	behavior	behavior	NOUN
arjefm-89	219	55	and	and	CCONJ
arjefm-89	219	56	credit	credit	NOUN
arjefm-89	219	57	rationing	rationing	NOUN
arjefm-89	219	58	.	.	PUNCT
arjefm-89	220	1	the	the	DET
arjefm-89	220	2	result	result	NOUN
arjefm-89	220	3	of	of	ADP
arjefm-89	220	4	an	an	DET
arjefm-89	220	5	incomplete	incomplete	ADJ
arjefm-89	220	6	pass	pass	VERB
arjefm-89	220	7	-	-	PUNCT
arjefm-89	220	8	through	through	NOUN
arjefm-89	220	9	aligns	align	NOUN
arjefm-89	220	10	with	with	ADP
arjefm-89	220	11	previous	previous	ADJ
arjefm-89	220	12	developing	develop	VERB
arjefm-89	220	13	country	country	NOUN
arjefm-89	220	14	studies	study	NOUN
arjefm-89	220	15	(	(	PUNCT
arjefm-89	220	16	fomum	fomum	NOUN
arjefm-89	220	17	,	,	PUNCT
arjefm-89	220	18	2011	2011	NUM
arjefm-89	220	19	;	;	PUNCT
arjefm-89	220	20	bangura	bangura	NOUN
arjefm-89	220	21	,	,	PUNCT
arjefm-89	220	22	2011	2011	NUM
arjefm-89	220	23	;	;	PUNCT
arjefm-89	220	24	lerskullawat	lerskullawat	PROPN
arjefm-89	220	25	,	,	PUNCT
arjefm-89	220	26	2014	2014	NUM
arjefm-89	220	27	;	;	PUNCT
arjefm-89	220	28	mordi	mordi	NOUN
arjefm-89	220	29	,	,	PUNCT
arjefm-89	220	30	adebiyi	adebiyi	NOUN
arjefm-89	220	31	,	,	PUNCT
arjefm-89	220	32	and	and	CCONJ
arjefm-89	220	33	omotosho	omotosho	NOUN
arjefm-89	220	34	,	,	PUNCT
arjefm-89	220	35	2019	2019	NUM
arjefm-89	220	36	)	)	PUNCT
arjefm-89	220	37	and	and	CCONJ
arjefm-89	220	38	previous	previous	ADJ
arjefm-89	220	39	developed	develop	VERB
arjefm-89	220	40	country	country	NOUN
arjefm-89	220	41	studies	study	NOUN
arjefm-89	220	42	(	(	PUNCT
arjefm-89	220	43	bredin	bredin	NOUN
arjefm-89	220	44	,	,	PUNCT
arjefm-89	220	45	fitzpatrick	fitzpatrick	PROPN
arjefm-89	220	46	and	and	CCONJ
arjefm-89	220	47	reilly	reilly	PROPN
arjefm-89	220	48	,	,	PUNCT
arjefm-89	220	49	2001	2001	NUM
arjefm-89	220	50	;	;	PUNCT
arjefm-89	220	51	and	and	CCONJ
arjefm-89	220	52	de	de	X
arjefm-89	220	53	bondt	bondt	NOUN
arjefm-89	220	54	,	,	PUNCT
arjefm-89	220	55	2002	2002	NUM
arjefm-89	220	56	,	,	PUNCT
arjefm-89	220	57	2005	2005	NUM
arjefm-89	220	58	)	)	PUNCT
arjefm-89	220	59	.	.	PUNCT
arjefm-89	221	1	in	in	ADP
arjefm-89	221	2	the	the	DET
arjefm-89	221	3	long	long	ADJ
arjefm-89	221	4	run	run	NOUN
arjefm-89	221	5	,	,	PUNCT
arjefm-89	221	6	however	however	ADV
arjefm-89	221	7	,	,	PUNCT
arjefm-89	221	8	the	the	DET
arjefm-89	221	9	demand	demand	NOUN
arjefm-89	221	10	elasticity	elasticity	NOUN
arjefm-89	221	11	of	of	ADP
arjefm-89	221	12	the	the	DET
arjefm-89	221	13	pass	pass	VERB
arjefm-89	221	14	-	-	PUNCT
arjefm-89	221	15	through	through	ADP
arjefm-89	221	16	process	process	NOUN
arjefm-89	221	17	exceeded	exceed	VERB
arjefm-89	221	18	one	one	NUM
arjefm-89	221	19	for	for	ADP
arjefm-89	221	20	both	both	CCONJ
arjefm-89	221	21	the	the	DET
arjefm-89	221	22	interbank	interbank	NOUN
arjefm-89	221	23	call	call	NOUN
arjefm-89	221	24	rate	rate	NOUN
arjefm-89	221	25	(	(	PUNCT
arjefm-89	221	26	1.42	1.42	NUM
arjefm-89	221	27	)	)	PUNCT
arjefm-89	221	28	and	and	CCONJ
arjefm-89	221	29	the	the	DET
arjefm-89	221	30	open	open	ADJ
arjefm-89	221	31	buy	buy	NOUN
arjefm-89	221	32	-	-	PUNCT
arjefm-89	221	33	back	back	NOUN
arjefm-89	221	34	rate	rate	NOUN
arjefm-89	221	35	(	(	PUNCT
arjefm-89	221	36	1.62	1.62	NUM
arjefm-89	221	37	)	)	PUNCT
arjefm-89	221	38	.	.	PUNCT
arjefm-89	222	1	this	this	PRON
arjefm-89	222	2	implies	imply	VERB
arjefm-89	222	3	that	that	SCONJ
arjefm-89	222	4	interest	interest	NOUN
arjefm-89	222	5	rate	rate	NOUN
arjefm-89	222	6	pass	pass	VERB
arjefm-89	222	7	-	-	PUNCT
arjefm-89	222	8	through	through	ADP
arjefm-89	222	9	overshoots	overshoot	NOUN
arjefm-89	222	10	.	.	PUNCT
arjefm-89	223	1	the	the	DET
arjefm-89	223	2	implication	implication	NOUN
arjefm-89	223	3	of	of	ADP
arjefm-89	223	4	this	this	PRON
arjefm-89	223	5	is	be	AUX
arjefm-89	223	6	that	that	SCONJ
arjefm-89	223	7	banks	bank	NOUN
arjefm-89	223	8	might	might	AUX
arjefm-89	223	9	have	have	AUX
arjefm-89	223	10	been	be	AUX
arjefm-89	223	11	engaged	engage	VERB
arjefm-89	223	12	in	in	ADP
arjefm-89	223	13	raising	raise	VERB
arjefm-89	223	14	their	their	PRON
arjefm-89	223	15	lending	lending	NOUN
arjefm-89	223	16	rates	rate	NOUN
arjefm-89	223	17	at	at	ADP
arjefm-89	223	18	the	the	DET
arjefm-89	223	19	interbank	interbank	NOUN
arjefm-89	223	20	market	market	NOUN
arjefm-89	223	21	to	to	PART
arjefm-89	223	22	counter	counter	VERB
arjefm-89	223	23	the	the	DET
arjefm-89	223	24	possibilities	possibility	NOUN
arjefm-89	223	25	of	of	ADP
arjefm-89	223	26	a	a	DET
arjefm-89	223	27	default	default	NOUN
arjefm-89	223	28	in	in	ADP
arjefm-89	223	29	loan	loan	NOUN
arjefm-89	223	30	repayments	repayment	NOUN
arjefm-89	223	31	between	between	ADP
arjefm-89	223	32	banks	bank	NOUN
arjefm-89	223	33	rather	rather	ADV
arjefm-89	223	34	than	than	ADP
arjefm-89	223	35	reducing	reduce	VERB
arjefm-89	223	36	the	the	DET
arjefm-89	223	37	supply	supply	NOUN
arjefm-89	223	38	of	of	ADP
arjefm-89	223	39	loans	loan	NOUN
arjefm-89	223	40	they	they	PRON
arjefm-89	223	41	create	create	VERB
arjefm-89	223	42	(	(	PUNCT
arjefm-89	223	43	de	de	X
arjefm-89	223	44	bondt	bondt	NOUN
arjefm-89	223	45	,	,	PUNCT
arjefm-89	223	46	2005	2005	NUM
arjefm-89	223	47	)	)	PUNCT
arjefm-89	223	48	.	.	PUNCT
arjefm-89	224	1	the	the	DET
arjefm-89	224	2	results	result	NOUN
arjefm-89	224	3	of	of	ADP
arjefm-89	224	4	the	the	DET
arjefm-89	224	5	asymmetric	asymmetric	ADJ
arjefm-89	224	6	version	version	NOUN
arjefm-89	224	7	of	of	ADP
arjefm-89	224	8	the	the	DET
arjefm-89	224	9	error	error	NOUN
arjefm-89	224	10	correction	correction	NOUN
arjefm-89	224	11	term	term	NOUN
arjefm-89	224	12	(	(	PUNCT
arjefm-89	224	13	positive	positive	ADJ
arjefm-89	224	14	and	and	CCONJ
arjefm-89	224	15	negative	negative	ADJ
arjefm-89	224	16	error	error	NOUN
arjefm-89	224	17	correction	correction	NOUN
arjefm-89	224	18	term	term	NOUN
arjefm-89	224	19	)	)	PUNCT
arjefm-89	224	20	showed	show	VERB
arjefm-89	224	21	that	that	SCONJ
arjefm-89	224	22	banks	bank	NOUN
arjefm-89	224	23	fully	fully	ADV
arjefm-89	224	24	adjust	adjust	VERB
arjefm-89	224	25	to	to	ADP
arjefm-89	224	26	equilibrium	equilibrium	NOUN
arjefm-89	224	27	in	in	ADP
arjefm-89	224	28	line	line	NOUN
arjefm-89	224	29	with	with	ADP
arjefm-89	224	30	monetary	monetary	ADJ
arjefm-89	224	31	policy	policy	NOUN
arjefm-89	224	32	changes	change	NOUN
arjefm-89	224	33	regardless	regardless	ADV
arjefm-89	224	34	of	of	ADP
arjefm-89	224	35	whether	whether	SCONJ
arjefm-89	224	36	the	the	DET
arjefm-89	224	37	policy	policy	NOUN
arjefm-89	224	38	rate	rate	NOUN
arjefm-89	224	39	is	be	AUX
arjefm-89	224	40	adjusted	adjust	VERB
arjefm-89	224	41	downward	downward	ADV
arjefm-89	224	42	or	or	CCONJ
arjefm-89	224	43	upward	upward	ADJ
arjefm-89	224	44	.	.	PUNCT
arjefm-89	225	1	however	however	ADV
arjefm-89	225	2	,	,	PUNCT
arjefm-89	225	3	the	the	DET
arjefm-89	225	4	null	null	ADJ
arjefm-89	225	5	hypothesis	hypothesis	NOUN
arjefm-89	225	6	that	that	PRON
arjefm-89	225	7	the	the	DET
arjefm-89	225	8	positive	positive	ADJ
arjefm-89	225	9	and	and	CCONJ
arjefm-89	225	10	negative	negative	ADJ
arjefm-89	225	11	correction	correction	NOUN
arjefm-89	225	12	terms	term	NOUN
arjefm-89	225	13	are	be	AUX
arjefm-89	225	14	equal	equal	ADJ
arjefm-89	225	15	is	be	AUX
arjefm-89	225	16	rejected	reject	VERB
arjefm-89	225	17	,	,	PUNCT
arjefm-89	225	18	implying	imply	VERB
arjefm-89	225	19	asymmetry	asymmetry	NOUN
arjefm-89	225	20	between	between	ADP
arjefm-89	225	21	the	the	DET
arjefm-89	225	22	positive	positive	ADJ
arjefm-89	225	23	and	and	CCONJ
arjefm-89	225	24	negative	negative	ADJ
arjefm-89	225	25	correction	correction	NOUN
arjefm-89	225	26	terms	term	NOUN
arjefm-89	225	27	based	base	VERB
arjefm-89	225	28	on	on	ADP
arjefm-89	225	29	the	the	DET
arjefm-89	225	30	wald	wald	NOUN
arjefm-89	225	31	test	test	NOUN
arjefm-89	225	32	for	for	ADP
arjefm-89	225	33	both	both	CCONJ
arjefm-89	225	34	the	the	DET
arjefm-89	225	35	interbank	interbank	NOUN
arjefm-89	225	36	call	call	NOUN
arjefm-89	225	37	rate	rate	NOUN
arjefm-89	225	38	and	and	CCONJ
arjefm-89	225	39	open	open	ADJ
arjefm-89	225	40	buy	buy	NOUN
arjefm-89	225	41	-	-	PUNCT
arjefm-89	225	42	back	back	NOUN
arjefm-89	225	43	rate	rate	NOUN
arjefm-89	225	44	.	.	PUNCT
arjefm-89	226	1	finally	finally	ADV
arjefm-89	226	2	,	,	PUNCT
arjefm-89	226	3	the	the	DET
arjefm-89	226	4	essence	essence	NOUN
arjefm-89	226	5	of	of	ADP
arjefm-89	226	6	the	the	DET
arjefm-89	226	7	mean	mean	ADJ
arjefm-89	226	8	adjustment	adjustment	NOUN
arjefm-89	226	9	lag	lag	NOUN
arjefm-89	226	10	is	be	AUX
arjefm-89	226	11	to	to	PART
arjefm-89	226	12	know	know	VERB
arjefm-89	226	13	the	the	DET
arjefm-89	226	14	number	number	NOUN
arjefm-89	226	15	of	of	ADP
arjefm-89	226	16	months	month	NOUN
arjefm-89	226	17	required	require	VERB
arjefm-89	226	18	for	for	ADP
arjefm-89	226	19	a	a	DET
arjefm-89	226	20	full	full	ADJ
arjefm-89	226	21	adjustment	adjustment	NOUN
arjefm-89	226	22	process	process	NOUN
arjefm-89	226	23	from	from	ADP
arjefm-89	226	24	the	the	DET
arjefm-89	226	25	policy	policy	NOUN
arjefm-89	226	26	rate	rate	NOUN
arjefm-89	226	27	to	to	ADP
arjefm-89	226	28	the	the	DET
arjefm-89	226	29	interbank	interbank	NOUN
arjefm-89	226	30	rates	rate	NOUN
arjefm-89	226	31	(	(	PUNCT
arjefm-89	226	32	while	while	SCONJ
arjefm-89	226	33	the	the	DET
arjefm-89	226	34	error	error	NOUN
arjefm-89	226	35	correction	correction	NOUN
arjefm-89	226	36	term	term	NOUN
arjefm-89	226	37	showed	show	VERB
arjefm-89	226	38	the	the	DET
arjefm-89	226	39	correction	correction	NOUN
arjefm-89	226	40	speed	speed	NOUN
arjefm-89	226	41	in	in	ADP
arjefm-89	226	42	each	each	DET
arjefm-89	226	43	month	month	NOUN
arjefm-89	226	44	)	)	PUNCT
arjefm-89	226	45	.	.	PUNCT
arjefm-89	227	1	therefore	therefore	ADV
arjefm-89	227	2	,	,	PUNCT
arjefm-89	227	3	the	the	DET
arjefm-89	227	4	computed	compute	VERB
arjefm-89	227	5	mean	mean	NOUN
arjefm-89	227	6	adjustment	adjustment	NOUN
arjefm-89	227	7	lag	lag	VERB
arjefm-89	227	8	for	for	ADP
arjefm-89	227	9	interbank	interbank	NOUN
arjefm-89	227	10	call	call	NOUN
arjefm-89	227	11	rate	rate	NOUN
arjefm-89	227	12	(	(	PUNCT
arjefm-89	227	13	0.12	0.12	NUM
arjefm-89	227	14	)	)	PUNCT
arjefm-89	227	15	and	and	CCONJ
arjefm-89	227	16	open	open	ADJ
arjefm-89	227	17	buyback	buyback	NOUN
arjefm-89	227	18	rate	rate	NOUN
arjefm-89	227	19	(	(	PUNCT
arjefm-89	227	20	0.29	0.29	NUM
arjefm-89	227	21	)	)	PUNCT
arjefm-89	227	22	showed	show	VERB
arjefm-89	227	23	that	that	SCONJ
arjefm-89	227	24	these	these	DET
arjefm-89	227	25	interbank	interbank	NOUN
arjefm-89	227	26	rates	rate	NOUN
arjefm-89	227	27	adjust	adjust	VERB
arjefm-89	227	28	to	to	ADP
arjefm-89	227	29	policy	policy	NOUN
arjefm-89	227	30	rate	rate	NOUN
arjefm-89	227	31	changes	change	NOUN
arjefm-89	227	32	within	within	ADP
arjefm-89	227	33	a	a	DET
arjefm-89	227	34	month	month	NOUN
arjefm-89	227	35	,	,	PUNCT
arjefm-89	227	36	regardless	regardless	ADV
arjefm-89	227	37	of	of	ADP
arjefm-89	227	38	whether	whether	SCONJ
arjefm-89	227	39	the	the	DET
arjefm-89	227	40	policy	policy	NOUN
arjefm-89	227	41	rate	rate	NOUN
arjefm-89	227	42	is	be	AUX
arjefm-89	227	43	revised	revise	VERB
arjefm-89	227	44	upwards	upwards	ADV
arjefm-89	227	45	or	or	CCONJ
arjefm-89	227	46	downwards	downward	NOUN
arjefm-89	227	47	.	.	PUNCT
arjefm-89	228	1	table	table	NOUN
arjefm-89	228	2	5	5	NUM
arjefm-89	228	3	:	:	PUNCT
arjefm-89	228	4	summary	summary	NOUN
arjefm-89	228	5	of	of	ADP
arjefm-89	228	6	pass	pass	NOUN
arjefm-89	228	7	-	-	PUNCT
arjefm-89	228	8	through	through	NOUN
arjefm-89	228	9	from	from	ADP
arjefm-89	228	10	policy	policy	NOUN
arjefm-89	228	11	rate	rate	NOUN
arjefm-89	228	12	to	to	ADP
arjefm-89	228	13	interbank	interbank	NOUN
arjefm-89	228	14	market	market	NOUN
arjefm-89	228	15	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	228	16	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	228	17	american	american	PROPN
arjefm-89	228	18	research	research	PROPN
arjefm-89	228	19	journal	journal	PROPN
arjefm-89	228	20	of	of	ADP
arjefm-89	228	21	economics	economic	NOUN
arjefm-89	228	22	,	,	PUNCT
arjefm-89	228	23	finance	finance	NOUN
arjefm-89	228	24	and	and	CCONJ
arjefm-89	228	25	management	management	NOUN
arjefm-89	228	26	volume	volume	NOUN
arjefm-89	228	27	11	11	NUM
arjefm-89	228	28	issue	issue	NOUN
arjefm-89	228	29	3	3	NUM
arjefm-89	228	30	,	,	PUNCT
arjefm-89	228	31	july	july	PROPN
arjefm-89	228	32	-	-	PUNCT
arjefm-89	228	33	september	september	PROPN
arjefm-89	228	34	2023	2023	NUM
arjefm-89	228	35	issn	issn	PROPN
arjefm-89	228	36	:	:	PUNCT
arjefm-89	228	37	2836	2836	NUM
arjefm-89	228	38	-	-	SYM
arjefm-89	228	39	9416	9416	NUM
arjefm-89	228	40	impact	impact	NOUN
arjefm-89	228	41	factor	factor	NOUN
arjefm-89	228	42	:	:	PUNCT
arjefm-89	228	43	5.57	5.57	NUM
arjefm-89	228	44	journal	journal	NOUN
arjefm-89	228	45	homepage	homepage	NOUN
arjefm-89	228	46	:	:	PUNCT
arjefm-89	228	47	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	228	48	,	,	PUNCT
arjefm-89	228	49	email	email	NOUN
arjefm-89	228	50	:	:	PUNCT
arjefm-89	228	51	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	228	52	official	official	ADJ
arjefm-89	228	53	journal	journal	PROPN
arjefm-89	228	54	of	of	ADP
arjefm-89	228	55	america	america	PROPN
arjefm-89	228	56	serial	serial	PROPN
arjefm-89	228	57	publication	publication	NOUN
arjefm-89	228	58	american	american	PROPN
arjefm-89	228	59	research	research	PROPN
arjefm-89	228	60	journal	journal	PROPN
arjefm-89	228	61	of	of	ADP
arjefm-89	228	62	economics	economic	NOUN
arjefm-89	228	63	,	,	PUNCT
arjefm-89	228	64	finance	finance	NOUN
arjefm-89	228	65	and	and	CCONJ
arjefm-89	228	66	management	management	NOUN
arjefm-89	228	67	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	228	68	,	,	PUNCT
arjefm-89	228	69	email	email	NOUN
arjefm-89	228	70	:	:	PUNCT
arjefm-89	229	1	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	229	2	12	12	NUM
arjefm-89	230	1	|	|	ADV
arjefm-89	230	2	p	p	X
arjefm-89	230	3	a	a	DET
arjefm-89	230	4	g	g	NOUN
arjefm-89	230	5	e	e	PROPN
arjefm-89	230	6	var	var	PROPN
arjefm-89	230	7	itbc	itbc	PROPN
arjefm-89	230	8	obbr	obbr	PROPN
arjefm-89	230	9	short	short	ADJ
arjefm-89	230	10	-	-	PUNCT
arjefm-89	230	11	run	run	NOUN
arjefm-89	230	12	coeff	coeff	NOUN
arjefm-89	230	13	0.8781	0.8781	NUM
arjefm-89	230	14	0.7101	0.7101	NUM
arjefm-89	230	15	pvalue	pvalue	NOUN
arjefm-89	230	16	(	(	PUNCT
arjefm-89	230	17	0.0032	0.0032	NUM
arjefm-89	230	18	)	)	PUNCT
arjefm-89	230	19	*	*	PUNCT
arjefm-89	231	1	*	*	PUNCT
arjefm-89	231	2	*	*	PUNCT
arjefm-89	231	3	(	(	PUNCT
arjefm-89	231	4	0.0024	0.0024	NUM
arjefm-89	231	5	)	)	PUNCT
arjefm-89	231	6	*	*	PUNCT
arjefm-89	231	7	*	*	PUNCT
arjefm-89	231	8	*	*	PUNCT
arjefm-89	231	9	ect	ect	PROPN
arjefm-89	231	10	coeff	coeff	PROPN
arjefm-89	231	11	-0.6203	-0.6203	PROPN
arjefm-89	231	12	-0.4375	-0.4375	PROPN
arjefm-89	231	13	pvalue	pvalue	NOUN
arjefm-89	231	14	(	(	PUNCT
arjefm-89	231	15	0.0000	0.0000	NUM
arjefm-89	231	16	)	)	PUNCT
arjefm-89	232	1	*	*	PUNCT
arjefm-89	232	2	*	*	PUNCT
arjefm-89	232	3	*	*	PUNCT
arjefm-89	232	4	(	(	PUNCT
arjefm-89	232	5	0.0000	0.0000	NUM
arjefm-89	232	6	)	)	PUNCT
arjefm-89	232	7	*	*	PUNCT
arjefm-89	233	1	*	*	PUNCT
arjefm-89	233	2	*	*	PUNCT
arjefm-89	233	3	long	long	ADV
arjefm-89	233	4	-	-	PUNCT
arjefm-89	233	5	run	run	NOUN
arjefm-89	233	6	coeff	coeff	NOUN
arjefm-89	233	7	1.4155	1.4155	NUM
arjefm-89	233	8	1.6229	1.6229	NUM
arjefm-89	233	9	pvalue	pvalue	NOUN
arjefm-89	233	10	(	(	PUNCT
arjefm-89	233	11	0.0003	0.0003	NUM
arjefm-89	233	12	)	)	PUNCT
arjefm-89	233	13	*	*	PUNCT
arjefm-89	234	1	*	*	PUNCT
arjefm-89	234	2	*	*	PUNCT
arjefm-89	234	3	(	(	PUNCT
arjefm-89	234	4	0.0001	0.0001	NUM
arjefm-89	234	5	)	)	PUNCT
arjefm-89	234	6	*	*	PUNCT
arjefm-89	234	7	*	*	PUNCT
arjefm-89	234	8	*	*	PUNCT
arjefm-89	234	9	ect+	ect+	PUNCT
arjefm-89	234	10	coeff	coeff	NOUN
arjefm-89	234	11	1.0000	1.0000	NUM
arjefm-89	234	12	1.0000	1.0000	NUM
arjefm-89	234	13	pvalue	pvalue	NOUN
arjefm-89	234	14	(	(	PUNCT
arjefm-89	234	15	0.0000	0.0000	NUM
arjefm-89	234	16	)	)	PUNCT
arjefm-89	234	17	*	*	PUNCT
arjefm-89	235	1	*	*	PUNCT
arjefm-89	235	2	*	*	PUNCT
arjefm-89	235	3	(	(	PUNCT
arjefm-89	235	4	0.0000	0.0000	NUM
arjefm-89	235	5	)	)	PUNCT
arjefm-89	235	6	*	*	PUNCT
arjefm-89	235	7	*	*	PUNCT
arjefm-89	235	8	*	*	PUNCT
arjefm-89	235	9	ect	ect	PROPN
arjefm-89	235	10	coeff	coeff	PROPN
arjefm-89	235	11	1.0000	1.0000	NUM
arjefm-89	235	12	1.0000	1.0000	NUM
arjefm-89	235	13	pvalue	pvalue	NOUN
arjefm-89	235	14	(	(	PUNCT
arjefm-89	235	15	0.0000	0.0000	NUM
arjefm-89	235	16	)	)	PUNCT
arjefm-89	235	17	*	*	PUNCT
arjefm-89	236	1	*	*	PUNCT
arjefm-89	236	2	*	*	PUNCT
arjefm-89	236	3	(	(	PUNCT
arjefm-89	236	4	0.0000	0.0000	NUM
arjefm-89	236	5	)	)	PUNCT
arjefm-89	236	6	*	*	PUNCT
arjefm-89	236	7	*	*	PUNCT
arjefm-89	236	8	*	*	PUNCT
arjefm-89	236	9	mal	mal	ADJ
arjefm-89	236	10	months	month	NOUN
arjefm-89	236	11	0.1965	0.1965	NUM
arjefm-89	236	12	0.6626	0.6626	NUM
arjefm-89	236	13	mal+	mal+	PROPN
arjefm-89	236	14	months	month	NOUN
arjefm-89	236	15	0.1219	0.1219	NUM
arjefm-89	236	16	0.2899	0.2899	NUM
arjefm-89	236	17	mal	mal	ADJ
arjefm-89	236	18	months	month	NOUN
arjefm-89	236	19	0.1219	0.1219	NUM
arjefm-89	236	20	0.2899	0.2899	NUM
arjefm-89	236	21	wald	wald	NOUN
arjefm-89	236	22	pvalue	pvalue	NOUN
arjefm-89	236	23	(	(	PUNCT
arjefm-89	236	24	0.0000	0.0000	NUM
arjefm-89	236	25	)	)	PUNCT
arjefm-89	236	26	*	*	PUNCT
arjefm-89	237	1	*	*	PUNCT
arjefm-89	237	2	*	*	PUNCT
arjefm-89	237	3	(	(	PUNCT
arjefm-89	237	4	0.0000	0.0000	NUM
arjefm-89	237	5	)	)	PUNCT
arjefm-89	237	6	*	*	PUNCT
arjefm-89	237	7	*	*	PUNCT
arjefm-89	237	8	*	*	PUNCT
arjefm-89	237	9	adj	adj	NOUN
arjefm-89	237	10	-	-	PUNCT
arjefm-89	237	11	r2	r2	NOUN
arjefm-89	237	12	0.2289	0.2289	NUM
arjefm-89	237	13	0.4508	0.4508	NUM
arjefm-89	237	14	sc	sc	PROPN
arjefm-89	237	15	0.0931	0.0931	NUM
arjefm-89	237	16	0.332	0.332	NUM
arjefm-89	237	17	het	het	NOUN
arjefm-89	237	18	0.7947	0.7947	NUM
arjefm-89	237	19	0.5025	0.5025	NUM
arjefm-89	237	20	source	source	NOUN
arjefm-89	237	21	:	:	PUNCT
arjefm-89	237	22	author	author	NOUN
arjefm-89	237	23	’s	’s	PART
arjefm-89	237	24	compilation	compilation	NOUN
arjefm-89	237	25	from	from	ADP
arjefm-89	237	26	eviews	eview	NOUN
arjefm-89	237	27	*	*	PUNCT
arjefm-89	237	28	*	*	PUNCT
arjefm-89	237	29	*	*	PUNCT
arjefm-89	237	30	,	,	PUNCT
arjefm-89	237	31	*	*	PUNCT
arjefm-89	237	32	*	*	PUNCT
arjefm-89	237	33	and	and	CCONJ
arjefm-89	237	34	*	*	PUNCT
arjefm-89	237	35	denote	denote	NOUN
arjefm-89	237	36	significance	significance	NOUN
arjefm-89	237	37	at	at	ADP
arjefm-89	237	38	1	1	NUM
arjefm-89	237	39	%	%	NOUN
arjefm-89	237	40	,	,	PUNCT
arjefm-89	237	41	5	5	NUM
arjefm-89	237	42	%	%	NOUN
arjefm-89	237	43	and	and	CCONJ
arjefm-89	237	44	10	10	NUM
arjefm-89	237	45	%	%	NOUN
arjefm-89	237	46	levels	level	NOUN
arjefm-89	237	47	,	,	PUNCT
arjefm-89	237	48	respectively	respectively	ADV
arjefm-89	237	49	.	.	PUNCT
arjefm-89	238	1	4.2	4.2	NUM
arjefm-89	238	2	response	response	NOUN
arjefm-89	238	3	from	from	ADP
arjefm-89	238	4	the	the	DET
arjefm-89	238	5	interbank	interbank	NOUN
arjefm-89	238	6	rate	rate	NOUN
arjefm-89	238	7	to	to	ADP
arjefm-89	238	8	the	the	DET
arjefm-89	238	9	retail	retail	ADJ
arjefm-89	238	10	lending	lending	NOUN
arjefm-89	238	11	and	and	CCONJ
arjefm-89	238	12	deposit	deposit	NOUN
arjefm-89	238	13	rates	rate	NOUN
arjefm-89	238	14	4.2.1	4.2.1	NUM
arjefm-89	238	15	response	response	NOUN
arjefm-89	238	16	from	from	ADP
arjefm-89	238	17	the	the	DET
arjefm-89	238	18	interbank	interbank	NOUN
arjefm-89	238	19	call	call	NOUN
arjefm-89	238	20	rate	rate	NOUN
arjefm-89	238	21	to	to	ADP
arjefm-89	238	22	the	the	DET
arjefm-89	238	23	retail	retail	ADJ
arjefm-89	238	24	rates	rate	NOUN
arjefm-89	238	25	the	the	DET
arjefm-89	238	26	second	second	ADJ
arjefm-89	238	27	aspect	aspect	NOUN
arjefm-89	238	28	of	of	ADP
arjefm-89	238	29	the	the	DET
arjefm-89	238	30	analysis	analysis	NOUN
arjefm-89	238	31	examines	examine	VERB
arjefm-89	238	32	the	the	DET
arjefm-89	238	33	pass	pass	NOUN
arjefm-89	238	34	-	-	PUNCT
arjefm-89	238	35	through	through	NOUN
arjefm-89	238	36	from	from	ADP
arjefm-89	238	37	the	the	DET
arjefm-89	238	38	interbank	interbank	NOUN
arjefm-89	238	39	rates	rate	NOUN
arjefm-89	238	40	(	(	PUNCT
arjefm-89	238	41	interbank	interbank	NOUN
arjefm-89	238	42	call	call	NOUN
arjefm-89	238	43	rate	rate	NOUN
arjefm-89	238	44	and	and	CCONJ
arjefm-89	238	45	open	open	ADJ
arjefm-89	238	46	buy	buy	NOUN
arjefm-89	238	47	-	-	PUNCT
arjefm-89	238	48	back	back	NOUN
arjefm-89	238	49	rate	rate	NOUN
arjefm-89	238	50	)	)	PUNCT
arjefm-89	238	51	to	to	ADP
arjefm-89	238	52	the	the	DET
arjefm-89	238	53	retail	retail	ADJ
arjefm-89	238	54	lending	lending	NOUN
arjefm-89	238	55	and	and	CCONJ
arjefm-89	238	56	deposit	deposit	NOUN
arjefm-89	238	57	rate	rate	NOUN
arjefm-89	238	58	(	(	PUNCT
arjefm-89	238	59	cost	cost	NOUN
arjefm-89	238	60	of	of	ADP
arjefm-89	238	61	fund	fund	NOUN
arjefm-89	238	62	approach	approach	NOUN
arjefm-89	238	63	)	)	PUNCT
arjefm-89	238	64	.	.	PUNCT
arjefm-89	239	1	the	the	DET
arjefm-89	239	2	deposit	deposit	NOUN
arjefm-89	239	3	rates	rate	NOUN
arjefm-89	239	4	are	be	AUX
arjefm-89	239	5	represented	represent	VERB
arjefm-89	239	6	by	by	ADP
arjefm-89	239	7	the	the	DET
arjefm-89	239	8	savings	saving	NOUN
arjefm-89	239	9	deposit	deposit	NOUN
arjefm-89	239	10	rate	rate	NOUN
arjefm-89	239	11	,	,	PUNCT
arjefm-89	239	12	one	one	NUM
arjefm-89	239	13	month	month	NOUN
arjefm-89	239	14	,	,	PUNCT
arjefm-89	239	15	three	three	NUM
arjefm-89	239	16	months	month	NOUN
arjefm-89	239	17	,	,	PUNCT
arjefm-89	239	18	six	six	NUM
arjefm-89	239	19	months	month	NOUN
arjefm-89	239	20	,	,	PUNCT
arjefm-89	239	21	and	and	CCONJ
arjefm-89	239	22	twelve	twelve	NUM
arjefm-89	239	23	months	month	NOUN
arjefm-89	239	24	deposit	deposit	NOUN
arjefm-89	239	25	rates	rate	NOUN
arjefm-89	239	26	,	,	PUNCT
arjefm-89	239	27	while	while	SCONJ
arjefm-89	239	28	the	the	DET
arjefm-89	239	29	lending	lending	NOUN
arjefm-89	239	30	rates	rate	NOUN
arjefm-89	239	31	are	be	AUX
arjefm-89	239	32	represented	represent	VERB
arjefm-89	239	33	by	by	ADP
arjefm-89	239	34	the	the	DET
arjefm-89	239	35	prime	prime	ADJ
arjefm-89	239	36	lending	lending	NOUN
arjefm-89	239	37	rate	rate	NOUN
arjefm-89	239	38	and	and	CCONJ
arjefm-89	239	39	the	the	DET
arjefm-89	239	40	maximum	maximum	ADJ
arjefm-89	239	41	lending	lending	NOUN
arjefm-89	239	42	rate	rate	NOUN
arjefm-89	239	43	.	.	PUNCT
arjefm-89	240	1	the	the	DET
arjefm-89	240	2	analyses	analysis	NOUN
arjefm-89	240	3	in	in	ADP
arjefm-89	240	4	this	this	DET
arjefm-89	240	5	section	section	NOUN
arjefm-89	240	6	will	will	AUX
arjefm-89	240	7	further	far	ADV
arjefm-89	240	8	be	be	AUX
arjefm-89	240	9	divided	divide	VERB
arjefm-89	240	10	into	into	ADP
arjefm-89	240	11	two	two	NUM
arjefm-89	240	12	separate	separate	ADJ
arjefm-89	240	13	analyses	analysis	NOUN
arjefm-89	240	14	to	to	PART
arjefm-89	240	15	reflect	reflect	VERB
arjefm-89	240	16	the	the	DET
arjefm-89	240	17	response	response	NOUN
arjefm-89	240	18	of	of	ADP
arjefm-89	240	19	the	the	DET
arjefm-89	240	20	interbank	interbank	NOUN
arjefm-89	240	21	call	call	NOUN
arjefm-89	240	22	rate	rate	NOUN
arjefm-89	240	23	to	to	ADP
arjefm-89	240	24	the	the	DET
arjefm-89	240	25	retail	retail	ADJ
arjefm-89	240	26	lending	lending	NOUN
arjefm-89	240	27	and	and	CCONJ
arjefm-89	240	28	deposit	deposit	NOUN
arjefm-89	240	29	rates	rate	NOUN
arjefm-89	240	30	and	and	CCONJ
arjefm-89	240	31	the	the	DET
arjefm-89	240	32	response	response	NOUN
arjefm-89	240	33	of	of	ADP
arjefm-89	240	34	the	the	DET
arjefm-89	240	35	open	open	ADJ
arjefm-89	240	36	buy	buy	NOUN
arjefm-89	240	37	-	-	PUNCT
arjefm-89	240	38	back	back	NOUN
arjefm-89	240	39	rate	rate	NOUN
arjefm-89	240	40	to	to	ADP
arjefm-89	240	41	the	the	DET
arjefm-89	240	42	retail	retail	ADJ
arjefm-89	240	43	lending	lending	NOUN
arjefm-89	240	44	and	and	CCONJ
arjefm-89	240	45	deposit	deposit	NOUN
arjefm-89	240	46	rates	rate	NOUN
arjefm-89	240	47	.	.	PUNCT
arjefm-89	241	1	the	the	DET
arjefm-89	241	2	bound	bound	ADJ
arjefm-89	241	3	test	test	NOUN
arjefm-89	241	4	result	result	NOUN
arjefm-89	241	5	for	for	ADP
arjefm-89	241	6	table	table	NOUN
arjefm-89	241	7	6	6	NUM
arjefm-89	241	8	showed	show	VERB
arjefm-89	241	9	that	that	SCONJ
arjefm-89	241	10	only	only	ADV
arjefm-89	241	11	the	the	DET
arjefm-89	241	12	one	one	NUM
arjefm-89	241	13	-	-	PUNCT
arjefm-89	241	14	month	month	NOUN
arjefm-89	241	15	deposit	deposit	NOUN
arjefm-89	241	16	rate	rate	NOUN
arjefm-89	241	17	had	have	VERB
arjefm-89	241	18	a	a	DET
arjefm-89	241	19	long	long	ADV
arjefm-89	241	20	-	-	PUNCT
arjefm-89	241	21	run	run	NOUN
arjefm-89	241	22	relationship	relationship	NOUN
arjefm-89	241	23	with	with	ADP
arjefm-89	241	24	the	the	DET
arjefm-89	241	25	interbank	interbank	NOUN
arjefm-89	241	26	call	call	NOUN
arjefm-89	241	27	rate	rate	NOUN
arjefm-89	241	28	(	(	PUNCT
arjefm-89	241	29	with	with	ADP
arjefm-89	241	30	an	an	DET
arjefm-89	241	31	f	f	NOUN
arjefm-89	241	32	-	-	PUNCT
arjefm-89	241	33	stats	stat	NOUN
arjefm-89	241	34	greater	great	ADJ
arjefm-89	241	35	than	than	ADP
arjefm-89	241	36	the	the	DET
arjefm-89	241	37	lower	low	ADJ
arjefm-89	241	38	and	and	CCONJ
arjefm-89	241	39	upper	upper	ADJ
arjefm-89	241	40	bound	bind	VERB
arjefm-89	241	41	at	at	ADP
arjefm-89	241	42	the	the	DET
arjefm-89	241	43	5	5	NUM
arjefm-89	241	44	%	%	NOUN
arjefm-89	241	45	level	level	NOUN
arjefm-89	241	46	)	)	PUNCT
arjefm-89	241	47	,	,	PUNCT
arjefm-89	241	48	implying	imply	VERB
arjefm-89	241	49	that	that	SCONJ
arjefm-89	241	50	the	the	DET
arjefm-89	241	51	rest	rest	NOUN
arjefm-89	241	52	of	of	ADP
arjefm-89	241	53	the	the	DET
arjefm-89	241	54	variables	variable	NOUN
arjefm-89	241	55	are	be	AUX
arjefm-89	241	56	short	short	ADJ
arjefm-89	241	57	-	-	PUNCT
arjefm-89	241	58	run	run	NOUN
arjefm-89	241	59	variables	variable	NOUN
arjefm-89	241	60	.	.	PUNCT
arjefm-89	242	1	table	table	NOUN
arjefm-89	242	2	6	6	NUM
arjefm-89	242	3	:	:	PUNCT
arjefm-89	242	4	bound	bind	VERB
arjefm-89	242	5	test	test	NOUN
arjefm-89	242	6	result	result	NOUN
arjefm-89	242	7	of	of	ADP
arjefm-89	242	8	pass	pass	NOUN
arjefm-89	242	9	-	-	PUNCT
arjefm-89	242	10	through	through	NOUN
arjefm-89	242	11	from	from	ADP
arjefm-89	242	12	interbank	interbank	NOUN
arjefm-89	242	13	call	call	NOUN
arjefm-89	242	14	rate	rate	NOUN
arjefm-89	242	15	to	to	ADP
arjefm-89	242	16	retail	retail	ADJ
arjefm-89	242	17	rate	rate	NOUN
arjefm-89	242	18	sdr	sdr	PROPN
arjefm-89	243	1	1mdr	1mdr	PROPN
arjefm-89	243	2	3mdr	3mdr	NUM
arjefm-89	243	3	6mdr	6mdr	NUM
arjefm-89	243	4	12mdr	12mdr	PROPN
arjefm-89	243	5	plr	plr	NOUN
arjefm-89	243	6	mlr	mlr	NOUN
arjefm-89	243	7	f	f	PROPN
arjefm-89	243	8	-	-	PUNCT
arjefm-89	243	9	statistic	statistic	NOUN
arjefm-89	243	10	1.91	1.91	NUM
arjefm-89	243	11	7.6	7.6	NUM
arjefm-89	243	12	3.28	3.28	NUM
arjefm-89	243	13	3.99	3.99	NUM
arjefm-89	243	14	4.97	4.97	NUM
arjefm-89	243	15	5.08	5.08	NUM
arjefm-89	243	16	4.54	4.54	NUM
arjefm-89	243	17	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	243	18	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	244	1	american	american	PROPN
arjefm-89	244	2	research	research	PROPN
arjefm-89	244	3	journal	journal	PROPN
arjefm-89	244	4	of	of	ADP
arjefm-89	244	5	economics	economic	NOUN
arjefm-89	244	6	,	,	PUNCT
arjefm-89	244	7	finance	finance	NOUN
arjefm-89	244	8	and	and	CCONJ
arjefm-89	244	9	management	management	NOUN
arjefm-89	244	10	volume	volume	NOUN
arjefm-89	244	11	11	11	NUM
arjefm-89	244	12	issue	issue	NOUN
arjefm-89	244	13	3	3	NUM
arjefm-89	244	14	,	,	PUNCT
arjefm-89	244	15	july	july	PROPN
arjefm-89	244	16	-	-	PUNCT
arjefm-89	244	17	september	september	PROPN
arjefm-89	244	18	2023	2023	NUM
arjefm-89	244	19	issn	issn	PROPN
arjefm-89	244	20	:	:	PUNCT
arjefm-89	244	21	2836	2836	NUM
arjefm-89	244	22	-	-	SYM
arjefm-89	244	23	9416	9416	NUM
arjefm-89	244	24	impact	impact	NOUN
arjefm-89	244	25	factor	factor	NOUN
arjefm-89	244	26	:	:	PUNCT
arjefm-89	244	27	5.57	5.57	NUM
arjefm-89	244	28	journal	journal	NOUN
arjefm-89	244	29	homepage	homepage	NOUN
arjefm-89	244	30	:	:	PUNCT
arjefm-89	244	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	244	32	,	,	PUNCT
arjefm-89	244	33	email	email	NOUN
arjefm-89	244	34	:	:	PUNCT
arjefm-89	245	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	245	2	official	official	ADJ
arjefm-89	245	3	journal	journal	PROPN
arjefm-89	245	4	of	of	ADP
arjefm-89	245	5	america	america	PROPN
arjefm-89	245	6	serial	serial	PROPN
arjefm-89	245	7	publication	publication	NOUN
arjefm-89	245	8	american	american	PROPN
arjefm-89	245	9	research	research	PROPN
arjefm-89	245	10	journal	journal	PROPN
arjefm-89	245	11	of	of	ADP
arjefm-89	245	12	economics	economic	NOUN
arjefm-89	245	13	,	,	PUNCT
arjefm-89	245	14	finance	finance	NOUN
arjefm-89	245	15	and	and	CCONJ
arjefm-89	245	16	management	management	NOUN
arjefm-89	245	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	245	18	,	,	PUNCT
arjefm-89	245	19	email	email	NOUN
arjefm-89	245	20	:	:	PUNCT
arjefm-89	245	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	246	1	13	13	NUM
arjefm-89	247	1	|	|	ADV
arjefm-89	247	2	p	p	X
arjefm-89	247	3	a	a	DET
arjefm-89	247	4	g	g	NOUN
arjefm-89	247	5	e	e	NOUN
arjefm-89	247	6	lower(1	lower(1	PROPN
arjefm-89	247	7	%	%	NOUN
arjefm-89	247	8	)	)	PUNCT
arjefm-89	247	9	6.84	6.84	NUM
arjefm-89	247	10	6.84	6.84	NUM
arjefm-89	247	11	6.84	6.84	NUM
arjefm-89	247	12	6.84	6.84	NUM
arjefm-89	247	13	6.84	6.84	NUM
arjefm-89	247	14	6.84	6.84	NUM
arjefm-89	247	15	6.84	6.84	NUM
arjefm-89	247	16	upper(1	upper(1	PROPN
arjefm-89	247	17	%	%	NOUN
arjefm-89	247	18	)	)	PUNCT
arjefm-89	247	19	7.84	7.84	NUM
arjefm-89	247	20	7.84	7.84	NUM
arjefm-89	247	21	7.84	7.84	NUM
arjefm-89	247	22	7.84	7.84	NUM
arjefm-89	247	23	7.84	7.84	NUM
arjefm-89	247	24	7.84	7.84	NUM
arjefm-89	247	25	7.84	7.84	NUM
arjefm-89	247	26	lower(5	lower(5	NOUN
arjefm-89	247	27	%	%	NOUN
arjefm-89	247	28	)	)	PUNCT
arjefm-89	247	29	4.94	4.94	NUM
arjefm-89	247	30	4.94	4.94	NUM
arjefm-89	247	31	4.94	4.94	NUM
arjefm-89	247	32	4.94	4.94	NUM
arjefm-89	247	33	4.94	4.94	NUM
arjefm-89	247	34	4.94	4.94	NUM
arjefm-89	247	35	4.94	4.94	NUM
arjefm-89	247	36	upper(5	upper(5	PROPN
arjefm-89	247	37	%	%	NOUN
arjefm-89	247	38	)	)	PUNCT
arjefm-89	247	39	5.73	5.73	NUM
arjefm-89	247	40	5.73	5.73	NUM
arjefm-89	247	41	5.73	5.73	NUM
arjefm-89	247	42	5.73	5.73	NUM
arjefm-89	247	43	5.73	5.73	NUM
arjefm-89	247	44	5.73	5.73	NUM
arjefm-89	247	45	5.73	5.73	NUM
arjefm-89	247	46	cointegration	cointegration	NOUN
arjefm-89	248	1	no	no	INTJ
arjefm-89	248	2	yes	yes	INTJ
arjefm-89	249	1	no	no	INTJ
arjefm-89	249	2	no	no	PRON
arjefm-89	249	3	inconclusive	inconclusive	ADJ
arjefm-89	249	4	inconclusive	inconclusive	ADJ
arjefm-89	249	5	no	no	DET
arjefm-89	249	6	source	source	NOUN
arjefm-89	249	7	:	:	PUNCT
arjefm-89	249	8	author	author	NOUN
arjefm-89	249	9	’s	’s	PART
arjefm-89	249	10	compilation	compilation	NOUN
arjefm-89	249	11	from	from	ADP
arjefm-89	249	12	eviews	eviews	PROPN
arjefm-89	249	13	table	table	NOUN
arjefm-89	249	14	7	7	NUM
arjefm-89	249	15	summarizes	summarize	NOUN
arjefm-89	249	16	the	the	DET
arjefm-89	249	17	pass	pass	VERB
arjefm-89	249	18	-	-	PUNCT
arjefm-89	249	19	through	through	ADP
arjefm-89	249	20	process	process	NOUN
arjefm-89	249	21	from	from	ADP
arjefm-89	249	22	the	the	DET
arjefm-89	249	23	interbank	interbank	NOUN
arjefm-89	249	24	call	call	NOUN
arjefm-89	249	25	rate	rate	NOUN
arjefm-89	249	26	to	to	ADP
arjefm-89	249	27	the	the	DET
arjefm-89	249	28	retail	retail	ADJ
arjefm-89	249	29	lending	lending	NOUN
arjefm-89	249	30	and	and	CCONJ
arjefm-89	249	31	deposit	deposit	NOUN
arjefm-89	249	32	rates	rate	NOUN
arjefm-89	249	33	.	.	PUNCT
arjefm-89	250	1	the	the	DET
arjefm-89	250	2	results	result	NOUN
arjefm-89	250	3	showed	show	VERB
arjefm-89	250	4	that	that	SCONJ
arjefm-89	250	5	in	in	ADP
arjefm-89	250	6	the	the	DET
arjefm-89	250	7	short	short	ADJ
arjefm-89	250	8	run	run	NOUN
arjefm-89	250	9	,	,	PUNCT
arjefm-89	250	10	the	the	DET
arjefm-89	250	11	savings	saving	NOUN
arjefm-89	250	12	deposit	deposit	NOUN
arjefm-89	250	13	rate	rate	NOUN
arjefm-89	250	14	,	,	PUNCT
arjefm-89	250	15	twelve	twelve	NUM
arjefm-89	250	16	months	month	NOUN
arjefm-89	250	17	deposit	deposit	NOUN
arjefm-89	250	18	rate	rate	NOUN
arjefm-89	250	19	,	,	PUNCT
arjefm-89	250	20	and	and	CCONJ
arjefm-89	250	21	the	the	DET
arjefm-89	250	22	prime	prime	ADJ
arjefm-89	250	23	lending	lending	NOUN
arjefm-89	250	24	rates	rate	NOUN
arjefm-89	250	25	are	be	AUX
arjefm-89	250	26	insignificant	insignificant	ADJ
arjefm-89	250	27	at	at	ADP
arjefm-89	250	28	a	a	DET
arjefm-89	250	29	5	5	NUM
arjefm-89	250	30	%	%	NOUN
arjefm-89	250	31	level	level	NOUN
arjefm-89	250	32	,	,	PUNCT
arjefm-89	250	33	while	while	SCONJ
arjefm-89	250	34	the	the	DET
arjefm-89	250	35	one	one	NUM
arjefm-89	250	36	month	month	NOUN
arjefm-89	250	37	(	(	PUNCT
arjefm-89	250	38	0.01	0.01	NUM
arjefm-89	250	39	)	)	PUNCT
arjefm-89	250	40	,	,	PUNCT
arjefm-89	250	41	three	three	NUM
arjefm-89	250	42	months	month	NOUN
arjefm-89	250	43	(	(	PUNCT
arjefm-89	250	44	0.01	0.01	NUM
arjefm-89	250	45	)	)	PUNCT
arjefm-89	250	46	and	and	CCONJ
arjefm-89	250	47	six	six	NUM
arjefm-89	250	48	months	month	NOUN
arjefm-89	250	49	deposit	deposit	NOUN
arjefm-89	250	50	rate	rate	NOUN
arjefm-89	250	51	(	(	PUNCT
arjefm-89	250	52	0.02	0.02	NUM
arjefm-89	250	53	)	)	PUNCT
arjefm-89	250	54	had	have	VERB
arjefm-89	250	55	an	an	DET
arjefm-89	250	56	incomplete	incomplete	ADJ
arjefm-89	250	57	pass	pass	NOUN
arjefm-89	250	58	-	-	PUNCT
arjefm-89	250	59	through	through	NOUN
arjefm-89	250	60	with	with	ADP
arjefm-89	250	61	a	a	DET
arjefm-89	250	62	lower	low	ADJ
arjefm-89	250	63	degree	degree	NOUN
arjefm-89	250	64	.	.	PUNCT
arjefm-89	251	1	the	the	DET
arjefm-89	251	2	maximum	maximum	ADJ
arjefm-89	251	3	lending	lending	NOUN
arjefm-89	251	4	rate	rate	NOUN
arjefm-89	251	5	(	(	PUNCT
arjefm-89	251	6	0.01	0.01	NUM
arjefm-89	251	7	)	)	PUNCT
arjefm-89	251	8	also	also	ADV
arjefm-89	251	9	had	have	VERB
arjefm-89	251	10	a	a	DET
arjefm-89	251	11	lower	low	ADJ
arjefm-89	251	12	and	and	CCONJ
arjefm-89	251	13	incomplete	incomplete	ADJ
arjefm-89	251	14	pass	pass	NOUN
arjefm-89	251	15	-	-	PUNCT
arjefm-89	251	16	through	through	NOUN
arjefm-89	251	17	.	.	PUNCT
arjefm-89	252	1	these	these	DET
arjefm-89	252	2	results	result	NOUN
arjefm-89	252	3	were	be	AUX
arjefm-89	252	4	in	in	ADP
arjefm-89	252	5	line	line	NOUN
arjefm-89	252	6	with	with	ADP
arjefm-89	252	7	the	the	DET
arjefm-89	252	8	previous	previous	ADJ
arjefm-89	252	9	outcome	outcome	NOUN
arjefm-89	252	10	,	,	PUNCT
arjefm-89	252	11	albeit	albeit	SCONJ
arjefm-89	252	12	to	to	ADP
arjefm-89	252	13	a	a	DET
arjefm-89	252	14	considerably	considerably	ADV
arjefm-89	252	15	lower	low	ADJ
arjefm-89	252	16	degree	degree	NOUN
arjefm-89	252	17	.	.	PUNCT
arjefm-89	253	1	furthermore	furthermore	ADV
arjefm-89	253	2	,	,	PUNCT
arjefm-89	253	3	the	the	DET
arjefm-89	253	4	speed	speed	NOUN
arjefm-89	253	5	of	of	ADP
arjefm-89	253	6	adjustments	adjustment	NOUN
arjefm-89	253	7	of	of	ADP
arjefm-89	253	8	one	one	NUM
arjefm-89	253	9	-	-	PUNCT
arjefm-89	253	10	month	month	NOUN
arjefm-89	253	11	(	(	PUNCT
arjefm-89	253	12	5	5	NUM
arjefm-89	253	13	%	%	NOUN
arjefm-89	253	14	)	)	PUNCT
arjefm-89	253	15	,	,	PUNCT
arjefm-89	253	16	three	three	NUM
arjefm-89	253	17	months	month	NOUN
arjefm-89	253	18	(	(	PUNCT
arjefm-89	253	19	5	5	NUM
arjefm-89	253	20	%	%	NOUN
arjefm-89	253	21	)	)	PUNCT
arjefm-89	253	22	,	,	PUNCT
arjefm-89	253	23	six	six	NUM
arjefm-89	253	24	months	month	NOUN
arjefm-89	253	25	(	(	PUNCT
arjefm-89	253	26	7	7	NUM
arjefm-89	253	27	%	%	NOUN
arjefm-89	253	28	)	)	PUNCT
arjefm-89	253	29	,	,	PUNCT
arjefm-89	253	30	twelve	twelve	NUM
arjefm-89	253	31	(	(	PUNCT
arjefm-89	253	32	11	11	NUM
arjefm-89	253	33	%	%	NOUN
arjefm-89	253	34	)	)	PUNCT
arjefm-89	253	35	months	month	NOUN
arjefm-89	253	36	deposit	deposit	NOUN
arjefm-89	253	37	rate	rate	NOUN
arjefm-89	253	38	,	,	PUNCT
arjefm-89	253	39	and	and	CCONJ
arjefm-89	253	40	the	the	DET
arjefm-89	253	41	prime	prime	ADJ
arjefm-89	253	42	lending	lending	NOUN
arjefm-89	253	43	rate	rate	NOUN
arjefm-89	253	44	(	(	PUNCT
arjefm-89	253	45	9	9	NUM
arjefm-89	253	46	%	%	NOUN
arjefm-89	253	47	)	)	PUNCT
arjefm-89	253	48	was	be	AUX
arjefm-89	253	49	characteristically	characteristically	ADV
arjefm-89	253	50	low	low	ADJ
arjefm-89	253	51	in	in	ADP
arjefm-89	253	52	line	line	NOUN
arjefm-89	253	53	with	with	ADP
arjefm-89	253	54	their	their	PRON
arjefm-89	253	55	short	short	ADJ
arjefm-89	253	56	-	-	PUNCT
arjefm-89	253	57	run	run	NOUN
arjefm-89	253	58	outcomes	outcome	NOUN
arjefm-89	253	59	.	.	PUNCT
arjefm-89	254	1	that	that	PRON
arjefm-89	254	2	is	be	AUX
arjefm-89	254	3	the	the	DET
arjefm-89	254	4	adjustment	adjustment	NOUN
arjefm-89	254	5	speed	speed	NOUN
arjefm-89	254	6	towards	towards	ADP
arjefm-89	254	7	equilibrium	equilibrium	NOUN
arjefm-89	254	8	is	be	AUX
arjefm-89	254	9	generally	generally	ADV
arjefm-89	254	10	very	very	ADV
arjefm-89	254	11	slow	slow	ADJ
arjefm-89	254	12	for	for	ADP
arjefm-89	254	13	the	the	DET
arjefm-89	254	14	series	series	NOUN
arjefm-89	254	15	.	.	PUNCT
arjefm-89	255	1	in	in	ADP
arjefm-89	255	2	the	the	DET
arjefm-89	255	3	long	long	ADJ
arjefm-89	255	4	run	run	NOUN
arjefm-89	255	5	,	,	PUNCT
arjefm-89	255	6	the	the	DET
arjefm-89	255	7	one	one	NUM
arjefm-89	255	8	-	-	PUNCT
arjefm-89	255	9	month	month	NOUN
arjefm-89	255	10	deposit	deposit	NOUN
arjefm-89	255	11	rate	rate	NOUN
arjefm-89	255	12	also	also	ADV
arjefm-89	255	13	displayed	display	VERB
arjefm-89	255	14	an	an	DET
arjefm-89	255	15	incomplete	incomplete	ADJ
arjefm-89	255	16	pass	pass	NOUN
arjefm-89	255	17	-	-	PUNCT
arjefm-89	255	18	through	through	NOUN
arjefm-89	255	19	,	,	PUNCT
arjefm-89	255	20	also	also	ADV
arjefm-89	255	21	in	in	ADP
arjefm-89	255	22	line	line	NOUN
arjefm-89	255	23	with	with	ADP
arjefm-89	255	24	the	the	DET
arjefm-89	255	25	short	short	ADJ
arjefm-89	255	26	-	-	PUNCT
arjefm-89	255	27	run	run	NOUN
arjefm-89	255	28	outcomes	outcome	NOUN
arjefm-89	255	29	.	.	PUNCT
arjefm-89	256	1	furthermore	furthermore	ADV
arjefm-89	256	2	,	,	PUNCT
arjefm-89	256	3	the	the	DET
arjefm-89	256	4	positive	positive	ADJ
arjefm-89	256	5	and	and	CCONJ
arjefm-89	256	6	negative	negative	ADJ
arjefm-89	256	7	correction	correction	NOUN
arjefm-89	256	8	terms	term	NOUN
arjefm-89	256	9	would	would	AUX
arjefm-89	256	10	only	only	ADV
arjefm-89	256	11	be	be	AUX
arjefm-89	256	12	computed	compute	VERB
arjefm-89	256	13	for	for	ADP
arjefm-89	256	14	the	the	DET
arjefm-89	256	15	one	one	NUM
arjefm-89	256	16	-	-	PUNCT
arjefm-89	256	17	month	month	NOUN
arjefm-89	256	18	,	,	PUNCT
arjefm-89	256	19	three	three	NUM
arjefm-89	256	20	months	month	NOUN
arjefm-89	256	21	,	,	PUNCT
arjefm-89	256	22	and	and	CCONJ
arjefm-89	256	23	six	six	NUM
arjefm-89	256	24	months	month	NOUN
arjefm-89	256	25	deposit	deposit	NOUN
arjefm-89	256	26	rates	rate	NOUN
arjefm-89	256	27	since	since	SCONJ
arjefm-89	256	28	they	they	PRON
arjefm-89	256	29	were	be	AUX
arjefm-89	256	30	the	the	DET
arjefm-89	256	31	only	only	ADJ
arjefm-89	256	32	results	result	NOUN
arjefm-89	256	33	with	with	ADP
arjefm-89	256	34	significant	significant	ADJ
arjefm-89	256	35	short	short	ADJ
arjefm-89	256	36	-	-	PUNCT
arjefm-89	256	37	run	run	VERB
arjefm-89	256	38	and	and	CCONJ
arjefm-89	256	39	error	error	NOUN
arjefm-89	256	40	correction	correction	NOUN
arjefm-89	256	41	outcomes	outcome	NOUN
arjefm-89	256	42	.	.	PUNCT
arjefm-89	257	1	this	this	PRON
arjefm-89	257	2	implies	imply	VERB
arjefm-89	257	3	that	that	SCONJ
arjefm-89	257	4	the	the	DET
arjefm-89	257	5	savings	saving	NOUN
arjefm-89	257	6	rate	rate	NOUN
arjefm-89	257	7	,	,	PUNCT
arjefm-89	257	8	twelve	twelve	NUM
arjefm-89	257	9	-	-	PUNCT
arjefm-89	257	10	month	month	NOUN
arjefm-89	257	11	deposit	deposit	NOUN
arjefm-89	257	12	rates	rate	NOUN
arjefm-89	257	13	,	,	PUNCT
arjefm-89	257	14	prime	prime	ADJ
arjefm-89	257	15	lending	lending	NOUN
arjefm-89	257	16	rate	rate	NOUN
arjefm-89	257	17	,	,	PUNCT
arjefm-89	257	18	and	and	CCONJ
arjefm-89	257	19	maximum	maximum	ADJ
arjefm-89	257	20	lending	lending	NOUN
arjefm-89	257	21	rates	rate	NOUN
arjefm-89	257	22	have	have	VERB
arjefm-89	257	23	insignificant	insignificant	ADJ
arjefm-89	257	24	correction	correction	NOUN
arjefm-89	257	25	terms	term	NOUN
arjefm-89	257	26	,	,	PUNCT
arjefm-89	257	27	and	and	CCONJ
arjefm-89	257	28	therefore	therefore	ADV
arjefm-89	257	29	,	,	PUNCT
arjefm-89	257	30	insignificant	insignificant	ADJ
arjefm-89	257	31	mean	mean	ADJ
arjefm-89	257	32	adjustment	adjustment	NOUN
arjefm-89	257	33	lags	lag	VERB
arjefm-89	257	34	.	.	PUNCT
arjefm-89	258	1	the	the	DET
arjefm-89	258	2	positive	positive	ADJ
arjefm-89	258	3	correction	correction	NOUN
arjefm-89	258	4	terms	term	NOUN
arjefm-89	258	5	for	for	ADP
arjefm-89	258	6	the	the	DET
arjefm-89	258	7	one	one	NUM
arjefm-89	258	8	-	-	PUNCT
arjefm-89	258	9	month	month	NOUN
arjefm-89	258	10	and	and	CCONJ
arjefm-89	258	11	three	three	NUM
arjefm-89	258	12	months	month	NOUN
arjefm-89	258	13	deposit	deposit	NOUN
arjefm-89	258	14	rates	rate	NOUN
arjefm-89	258	15	were	be	AUX
arjefm-89	258	16	insignificant	insignificant	ADJ
arjefm-89	258	17	,	,	PUNCT
arjefm-89	258	18	while	while	SCONJ
arjefm-89	258	19	the	the	DET
arjefm-89	258	20	sixmonth	sixmonth	ADJ
arjefm-89	258	21	deposit	deposit	NOUN
arjefm-89	258	22	rate	rate	NOUN
arjefm-89	258	23	had	have	VERB
arjefm-89	258	24	a	a	DET
arjefm-89	258	25	significant	significant	ADJ
arjefm-89	258	26	positive	positive	ADJ
arjefm-89	258	27	correction	correction	NOUN
arjefm-89	258	28	term	term	NOUN
arjefm-89	258	29	.	.	PUNCT
arjefm-89	259	1	however	however	ADV
arjefm-89	259	2	,	,	PUNCT
arjefm-89	259	3	the	the	DET
arjefm-89	259	4	three	three	NUM
arjefm-89	259	5	variables	variable	NOUN
arjefm-89	259	6	all	all	PRON
arjefm-89	259	7	had	have	VERB
arjefm-89	259	8	significant	significant	ADJ
arjefm-89	259	9	negative	negative	ADJ
arjefm-89	259	10	correction	correction	NOUN
arjefm-89	259	11	terms	term	NOUN
arjefm-89	259	12	.	.	PUNCT
arjefm-89	260	1	therefore	therefore	ADV
arjefm-89	260	2	,	,	PUNCT
arjefm-89	260	3	the	the	DET
arjefm-89	260	4	positive	positive	ADJ
arjefm-89	260	5	mean	mean	NOUN
arjefm-89	260	6	adjustment	adjustment	NOUN
arjefm-89	260	7	lags	lag	VERB
arjefm-89	260	8	for	for	ADP
arjefm-89	260	9	one	one	NUM
arjefm-89	260	10	-	-	PUNCT
arjefm-89	260	11	month	month	NOUN
arjefm-89	260	12	and	and	CCONJ
arjefm-89	260	13	three	three	NUM
arjefm-89	260	14	-	-	PUNCT
arjefm-89	260	15	month	month	NOUN
arjefm-89	260	16	deposit	deposit	NOUN
arjefm-89	260	17	rates	rate	NOUN
arjefm-89	260	18	were	be	AUX
arjefm-89	260	19	also	also	ADV
arjefm-89	260	20	insignificant	insignificant	ADJ
arjefm-89	260	21	and	and	CCONJ
arjefm-89	260	22	irrelevant	irrelevant	ADJ
arjefm-89	260	23	(	(	PUNCT
arjefm-89	260	24	notice	notice	VERB
arjefm-89	260	25	that	that	SCONJ
arjefm-89	260	26	they	they	PRON
arjefm-89	260	27	were	be	AUX
arjefm-89	260	28	very	very	ADV
arjefm-89	260	29	high	high	ADJ
arjefm-89	260	30	compared	compare	VERB
arjefm-89	260	31	to	to	ADP
arjefm-89	260	32	the	the	DET
arjefm-89	260	33	negative	negative	NOUN
arjefm-89	260	34	,	,	PUNCT
arjefm-89	260	35	which	which	PRON
arjefm-89	260	36	shows	show	VERB
arjefm-89	260	37	the	the	DET
arjefm-89	260	38	results	result	NOUN
arjefm-89	260	39	for	for	ADP
arjefm-89	260	40	the	the	DET
arjefm-89	260	41	positive	positive	ADJ
arjefm-89	260	42	terms	term	NOUN
arjefm-89	260	43	are	be	AUX
arjefm-89	260	44	spurious	spurious	ADJ
arjefm-89	260	45	)	)	PUNCT
arjefm-89	260	46	.	.	PUNCT
arjefm-89	261	1	thus	thus	ADV
arjefm-89	261	2	,	,	PUNCT
arjefm-89	261	3	the	the	DET
arjefm-89	261	4	six	six	NUM
arjefm-89	261	5	months	month	NOUN
arjefm-89	261	6	deposit	deposit	NOUN
arjefm-89	261	7	rate	rate	NOUN
arjefm-89	261	8	fully	fully	ADV
arjefm-89	261	9	adjusts	adjust	VERB
arjefm-89	261	10	to	to	ADP
arjefm-89	261	11	an	an	DET
arjefm-89	261	12	upward	upward	ADJ
arjefm-89	261	13	interbank	interbank	NOUN
arjefm-89	261	14	call	call	NOUN
arjefm-89	261	15	rate	rate	NOUN
arjefm-89	261	16	change	change	NOUN
arjefm-89	261	17	within	within	ADP
arjefm-89	261	18	a	a	DET
arjefm-89	261	19	month	month	NOUN
arjefm-89	261	20	,	,	PUNCT
arjefm-89	261	21	while	while	SCONJ
arjefm-89	261	22	the	the	DET
arjefm-89	261	23	oneand	oneand	ADJ
arjefm-89	261	24	three	three	NUM
arjefm-89	261	25	-	-	PUNCT
arjefm-89	261	26	month	month	NOUN
arjefm-89	261	27	deposit	deposit	NOUN
arjefm-89	261	28	rate	rate	NOUN
arjefm-89	261	29	fully	fully	ADV
arjefm-89	261	30	adjust	adjust	VERB
arjefm-89	261	31	to	to	ADP
arjefm-89	261	32	a	a	DET
arjefm-89	261	33	downward	downward	ADJ
arjefm-89	261	34	change	change	NOUN
arjefm-89	261	35	in	in	ADP
arjefm-89	261	36	the	the	DET
arjefm-89	261	37	interbank	interbank	NOUN
arjefm-89	261	38	call	call	NOUN
arjefm-89	261	39	rate	rate	NOUN
arjefm-89	261	40	within	within	ADP
arjefm-89	261	41	eight	eight	NUM
arjefm-89	261	42	months	month	NOUN
arjefm-89	261	43	;	;	PUNCT
arjefm-89	261	44	however	however	ADV
arjefm-89	261	45	,	,	PUNCT
arjefm-89	261	46	the	the	DET
arjefm-89	261	47	six	six	NUM
arjefm-89	261	48	months	month	NOUN
arjefm-89	261	49	deposit	deposit	NOUN
arjefm-89	261	50	rate	rate	NOUN
arjefm-89	261	51	fully	fully	ADV
arjefm-89	261	52	adjusts	adjust	VERB
arjefm-89	261	53	to	to	ADP
arjefm-89	261	54	a	a	DET
arjefm-89	261	55	negative	negative	ADJ
arjefm-89	261	56	change	change	NOUN
arjefm-89	261	57	in	in	ADP
arjefm-89	261	58	the	the	DET
arjefm-89	261	59	interbank	interbank	NOUN
arjefm-89	261	60	rate	rate	NOUN
arjefm-89	261	61	within	within	ADP
arjefm-89	261	62	a	a	DET
arjefm-89	261	63	month	month	NOUN
arjefm-89	261	64	.	.	PUNCT
arjefm-89	262	1	finally	finally	ADV
arjefm-89	262	2	,	,	PUNCT
arjefm-89	262	3	the	the	DET
arjefm-89	262	4	wald	wald	NOUN
arjefm-89	262	5	tests	test	NOUN
arjefm-89	262	6	for	for	ADP
arjefm-89	262	7	the	the	DET
arjefm-89	262	8	one	one	NUM
arjefm-89	262	9	-	-	PUNCT
arjefm-89	262	10	month	month	NOUN
arjefm-89	262	11	,	,	PUNCT
arjefm-89	262	12	three	three	NUM
arjefm-89	262	13	months	month	NOUN
arjefm-89	262	14	,	,	PUNCT
arjefm-89	262	15	and	and	CCONJ
arjefm-89	262	16	six	six	NUM
arjefm-89	262	17	months	month	NOUN
arjefm-89	262	18	deposit	deposit	NOUN
arjefm-89	262	19	rates	rate	NOUN
arjefm-89	262	20	support	support	VERB
arjefm-89	262	21	the	the	DET
arjefm-89	262	22	presence	presence	NOUN
arjefm-89	262	23	of	of	ADP
arjefm-89	262	24	asymmetries	asymmetry	NOUN
arjefm-89	262	25	among	among	ADP
arjefm-89	262	26	the	the	DET
arjefm-89	262	27	positive	positive	ADJ
arjefm-89	262	28	and	and	CCONJ
arjefm-89	262	29	negative	negative	ADJ
arjefm-89	262	30	correction	correction	NOUN
arjefm-89	262	31	terms	term	NOUN
arjefm-89	262	32	.	.	PUNCT
arjefm-89	263	1	the	the	DET
arjefm-89	263	2	unresponsive	unresponsive	ADJ
arjefm-89	263	3	nature	nature	NOUN
arjefm-89	263	4	of	of	ADP
arjefm-89	263	5	lending	lending	NOUN
arjefm-89	263	6	rates	rate	NOUN
arjefm-89	263	7	on	on	ADP
arjefm-89	263	8	the	the	DET
arjefm-89	263	9	pass	pass	NOUN
arjefm-89	263	10	-	-	PUNCT
arjefm-89	263	11	through	through	NOUN
arjefm-89	263	12	from	from	ADP
arjefm-89	263	13	the	the	DET
arjefm-89	263	14	interbank	interbank	NOUN
arjefm-89	263	15	call	call	NOUN
arjefm-89	263	16	rate	rate	NOUN
arjefm-89	263	17	to	to	ADP
arjefm-89	263	18	the	the	DET
arjefm-89	263	19	lending	lending	NOUN
arjefm-89	263	20	rate	rate	NOUN
arjefm-89	263	21	implies	imply	VERB
arjefm-89	263	22	that	that	SCONJ
arjefm-89	263	23	the	the	DET
arjefm-89	263	24	lending	lending	NOUN
arjefm-89	263	25	rate	rate	NOUN
arjefm-89	263	26	is	be	AUX
arjefm-89	263	27	sticky	sticky	ADJ
arjefm-89	263	28	to	to	ADP
arjefm-89	263	29	changes	change	NOUN
arjefm-89	263	30	in	in	ADP
arjefm-89	263	31	the	the	DET
arjefm-89	263	32	interbank	interbank	NOUN
arjefm-89	263	33	call	call	NOUN
arjefm-89	263	34	rate	rate	NOUN
arjefm-89	263	35	.	.	PUNCT
arjefm-89	264	1	table	table	NOUN
arjefm-89	264	2	7	7	NUM
arjefm-89	264	3	:	:	PUNCT
arjefm-89	264	4	summary	summary	NOUN
arjefm-89	264	5	of	of	ADP
arjefm-89	264	6	pass	pass	NOUN
arjefm-89	264	7	-	-	PUNCT
arjefm-89	264	8	through	through	NOUN
arjefm-89	264	9	from	from	ADP
arjefm-89	264	10	interbank	interbank	NOUN
arjefm-89	264	11	call	call	NOUN
arjefm-89	264	12	rate	rate	NOUN
arjefm-89	264	13	to	to	ADP
arjefm-89	264	14	retail	retail	ADJ
arjefm-89	264	15	rate	rate	NOUN
arjefm-89	264	16	var	var	PROPN
arjefm-89	264	17	sdr	sdr	PROPN
arjefm-89	265	1	1mdr	1mdr	PROPN
arjefm-89	265	2	3mdr	3mdr	NUM
arjefm-89	265	3	6mdr	6mdr	NUM
arjefm-89	265	4	12mdr	12mdr	PROPN
arjefm-89	265	5	plr	plr	NOUN
arjefm-89	265	6	mlr	mlr	PROPN
arjefm-89	265	7	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	265	8	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	266	1	american	american	PROPN
arjefm-89	266	2	research	research	PROPN
arjefm-89	266	3	journal	journal	PROPN
arjefm-89	266	4	of	of	ADP
arjefm-89	266	5	economics	economic	NOUN
arjefm-89	266	6	,	,	PUNCT
arjefm-89	266	7	finance	finance	NOUN
arjefm-89	266	8	and	and	CCONJ
arjefm-89	266	9	management	management	NOUN
arjefm-89	266	10	volume	volume	NOUN
arjefm-89	266	11	11	11	NUM
arjefm-89	266	12	issue	issue	NOUN
arjefm-89	266	13	3	3	NUM
arjefm-89	266	14	,	,	PUNCT
arjefm-89	266	15	july	july	PROPN
arjefm-89	266	16	-	-	PUNCT
arjefm-89	266	17	september	september	PROPN
arjefm-89	266	18	2023	2023	NUM
arjefm-89	266	19	issn	issn	PROPN
arjefm-89	266	20	:	:	PUNCT
arjefm-89	266	21	2836	2836	NUM
arjefm-89	266	22	-	-	SYM
arjefm-89	266	23	9416	9416	NUM
arjefm-89	266	24	impact	impact	NOUN
arjefm-89	266	25	factor	factor	NOUN
arjefm-89	266	26	:	:	PUNCT
arjefm-89	266	27	5.57	5.57	NUM
arjefm-89	266	28	journal	journal	NOUN
arjefm-89	266	29	homepage	homepage	NOUN
arjefm-89	266	30	:	:	PUNCT
arjefm-89	266	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	266	32	,	,	PUNCT
arjefm-89	266	33	email	email	NOUN
arjefm-89	266	34	:	:	PUNCT
arjefm-89	267	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	267	2	official	official	ADJ
arjefm-89	267	3	journal	journal	PROPN
arjefm-89	267	4	of	of	ADP
arjefm-89	267	5	america	america	PROPN
arjefm-89	267	6	serial	serial	PROPN
arjefm-89	267	7	publication	publication	NOUN
arjefm-89	267	8	american	american	PROPN
arjefm-89	267	9	research	research	PROPN
arjefm-89	267	10	journal	journal	PROPN
arjefm-89	267	11	of	of	ADP
arjefm-89	267	12	economics	economic	NOUN
arjefm-89	267	13	,	,	PUNCT
arjefm-89	267	14	finance	finance	NOUN
arjefm-89	267	15	and	and	CCONJ
arjefm-89	267	16	management	management	NOUN
arjefm-89	267	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	267	18	,	,	PUNCT
arjefm-89	267	19	email	email	NOUN
arjefm-89	267	20	:	:	PUNCT
arjefm-89	267	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	268	1	14	14	NUM
arjefm-89	269	1	|	|	ADV
arjefm-89	269	2	p	p	X
arjefm-89	269	3	a	a	DET
arjefm-89	269	4	g	g	NOUN
arjefm-89	269	5	e	e	PROPN
arjefm-89	269	6	srun	srun	PROPN
arjefm-89	269	7	coeff	coeff	PROPN
arjefm-89	269	8	0.0019	0.0019	NUM
arjefm-89	269	9	0.0138	0.0138	NUM
arjefm-89	269	10	0.0135	0.0135	NUM
arjefm-89	269	11	0.0205	0.0205	NUM
arjefm-89	269	12	0.0056	0.0056	NUM
arjefm-89	269	13	0.0029	0.0029	NUM
arjefm-89	269	14	0.0092	0.0092	NUM
arjefm-89	269	15	pvalue	pvalue	NOUN
arjefm-89	269	16	(	(	PUNCT
arjefm-89	269	17	0.41	0.41	NUM
arjefm-89	269	18	)	)	PUNCT
arjefm-89	269	19	(	(	PUNCT
arjefm-89	269	20	0.05	0.05	NUM
arjefm-89	269	21	)	)	PUNCT
arjefm-89	269	22	*	*	PUNCT
arjefm-89	269	23	*	*	PUNCT
arjefm-89	269	24	(	(	PUNCT
arjefm-89	269	25	0.05	0.05	NUM
arjefm-89	269	26	)	)	PUNCT
arjefm-89	269	27	*	*	PUNCT
arjefm-89	270	1	*	*	PUNCT
arjefm-89	271	1	(	(	PUNCT
arjefm-89	271	2	0.02	0.02	NUM
arjefm-89	271	3	)	)	PUNCT
arjefm-89	271	4	*	*	PUNCT
arjefm-89	272	1	*	*	PUNCT
arjefm-89	272	2	(	(	PUNCT
arjefm-89	272	3	0.69	0.69	NUM
arjefm-89	272	4	)	)	PUNCT
arjefm-89	272	5	(	(	PUNCT
arjefm-89	272	6	0.45	0.45	NUM
arjefm-89	272	7	)	)	PUNCT
arjefm-89	272	8	(	(	PUNCT
arjefm-89	272	9	0.10	0.10	NUM
arjefm-89	272	10	)	)	PUNCT
arjefm-89	272	11	*	*	PUNCT
arjefm-89	272	12	ect	ect	PROPN
arjefm-89	272	13	coeff	coeff	PROPN
arjefm-89	272	14	-0.0262	-0.0262	PROPN
arjefm-89	272	15	-0.0546	-0.0546	PROPN
arjefm-89	272	16	-0.0562	-0.0562	PROPN
arjefm-89	272	17	-0.0711	-0.0711	PROPN
arjefm-89	272	18	-0.1082	-0.1082	PROPN
arjefm-89	272	19	-0.0870	-0.0870	PROPN
arjefm-89	272	20	-0.0182	-0.0182	PROPN
arjefm-89	272	21	pvalue	pvalue	NOUN
arjefm-89	272	22	(	(	PUNCT
arjefm-89	272	23	0.20	0.20	NUM
arjefm-89	272	24	)	)	PUNCT
arjefm-89	272	25	(	(	PUNCT
arjefm-89	272	26	0.02	0.02	NUM
arjefm-89	272	27	)	)	PUNCT
arjefm-89	272	28	*	*	PUNCT
arjefm-89	273	1	*	*	PUNCT
arjefm-89	273	2	(	(	PUNCT
arjefm-89	273	3	0.03	0.03	NUM
arjefm-89	273	4	)	)	PUNCT
arjefm-89	273	5	*	*	PUNCT
arjefm-89	273	6	*	*	PUNCT
arjefm-89	273	7	(	(	PUNCT
arjefm-89	273	8	0.02	0.02	NUM
arjefm-89	273	9	)	)	PUNCT
arjefm-89	273	10	*	*	PUNCT
arjefm-89	273	11	*	*	PUNCT
arjefm-89	273	12	(	(	PUNCT
arjefm-89	273	13	0.01	0.01	NUM
arjefm-89	273	14	)	)	PUNCT
arjefm-89	273	15	*	*	PUNCT
arjefm-89	274	1	*	*	PUNCT
arjefm-89	274	2	*	*	PUNCT
arjefm-89	274	3	(	(	PUNCT
arjefm-89	274	4	0.01	0.01	NUM
arjefm-89	274	5	)	)	PUNCT
arjefm-89	274	6	*	*	PUNCT
arjefm-89	275	1	*	*	PUNCT
arjefm-89	275	2	*	*	PUNCT
arjefm-89	275	3	(	(	PUNCT
arjefm-89	275	4	0.13	0.13	NUM
arjefm-89	275	5	)	)	PUNCT
arjefm-89	275	6	lrun	lrun	NOUN
arjefm-89	275	7	coeff	coeff	PROPN
arjefm-89	275	8	0.1775	0.1775	PROPN
arjefm-89	275	9	0.4957	0.4957	NUM
arjefm-89	275	10	0.2401	0.2401	NUM
arjefm-89	275	11	0.2885	0.2885	NUM
arjefm-89	275	12	0.3278	0.3278	NUM
arjefm-89	275	13	0.0338	0.0338	NUM
arjefm-89	275	14	1.1113	1.1113	NUM
arjefm-89	275	15	pvalue	pvalue	NOUN
arjefm-89	275	16	(	(	PUNCT
arjefm-89	275	17	0.24	0.24	NUM
arjefm-89	275	18	)	)	PUNCT
arjefm-89	275	19	(	(	PUNCT
arjefm-89	275	20	0.06	0.06	NUM
arjefm-89	275	21	)	)	PUNCT
arjefm-89	275	22	*	*	PUNCT
arjefm-89	275	23	(	(	PUNCT
arjefm-89	275	24	0.14	0.14	NUM
arjefm-89	275	25	)	)	PUNCT
arjefm-89	275	26	(	(	PUNCT
arjefm-89	275	27	0.07	0.07	NUM
arjefm-89	275	28	)	)	PUNCT
arjefm-89	275	29	*	*	PUNCT
arjefm-89	275	30	(	(	PUNCT
arjefm-89	275	31	0.06	0.06	NUM
arjefm-89	275	32	)	)	PUNCT
arjefm-89	275	33	*	*	PUNCT
arjefm-89	275	34	(	(	PUNCT
arjefm-89	275	35	0.47	0.47	NUM
arjefm-89	275	36	)	)	PUNCT
arjefm-89	275	37	(	(	PUNCT
arjefm-89	275	38	0.11	0.11	NUM
arjefm-89	275	39	)	)	PUNCT
arjefm-89	276	1	ect+	ect+	VERB
arjefm-89	276	2	coeff	coeff	PROPN
arjefm-89	276	3	1.0000	1.0000	NUM
arjefm-89	276	4	0.0033	0.0033	NUM
arjefm-89	276	5	-0.0064	-0.0064	NOUN
arjefm-89	276	6	1.0000	1.0000	NUM
arjefm-89	276	7	1.0000	1.0000	NUM
arjefm-89	276	8	0.0044	0.0044	NUM
arjefm-89	276	9	0.0070	0.0070	NUM
arjefm-89	276	10	pvalue	pvalue	NOUN
arjefm-89	276	11	(	(	PUNCT
arjefm-89	276	12	0.00	0.00	NUM
arjefm-89	276	13	)	)	PUNCT
arjefm-89	276	14	*	*	PUNCT
arjefm-89	277	1	*	*	PUNCT
arjefm-89	277	2	*	*	PUNCT
arjefm-89	277	3	(	(	PUNCT
arjefm-89	277	4	0.87	0.87	NUM
arjefm-89	277	5	)	)	PUNCT
arjefm-89	277	6	(	(	PUNCT
arjefm-89	277	7	0.73	0.73	NUM
arjefm-89	277	8	)	)	PUNCT
arjefm-89	277	9	(	(	PUNCT
arjefm-89	277	10	0.00	0.00	NUM
arjefm-89	277	11	)	)	PUNCT
arjefm-89	277	12	*	*	PUNCT
arjefm-89	278	1	*	*	PUNCT
arjefm-89	278	2	*	*	PUNCT
arjefm-89	278	3	(	(	PUNCT
arjefm-89	278	4	0.00	0.00	NUM
arjefm-89	278	5	)	)	PUNCT
arjefm-89	278	6	*	*	PUNCT
arjefm-89	278	7	*	*	PUNCT
arjefm-89	278	8	*	*	PUNCT
arjefm-89	278	9	(	(	PUNCT
arjefm-89	278	10	0.48	0.48	NUM
arjefm-89	278	11	)	)	PUNCT
arjefm-89	278	12	(	(	PUNCT
arjefm-89	278	13	0.24	0.24	NUM
arjefm-89	278	14	)	)	PUNCT
arjefm-89	278	15	ect	ect	PROPN
arjefm-89	278	16	coeff	coeff	PROPN
arjefm-89	278	17	1.0000	1.0000	NUM
arjefm-89	278	18	0.1360	0.1360	NUM
arjefm-89	278	19	0.1222	0.1222	NUM
arjefm-89	278	20	1.0000	1.0000	NUM
arjefm-89	278	21	1.0000	1.0000	NUM
arjefm-89	278	22	0.0161	0.0161	NUM
arjefm-89	278	23	0.0112	0.0112	NUM
arjefm-89	278	24	pvalue	pvalue	NOUN
arjefm-89	278	25	(	(	PUNCT
arjefm-89	278	26	0.00	0.00	NUM
arjefm-89	278	27	)	)	PUNCT
arjefm-89	278	28	*	*	PUNCT
arjefm-89	279	1	*	*	PUNCT
arjefm-89	279	2	*	*	PUNCT
arjefm-89	279	3	(	(	PUNCT
arjefm-89	279	4	0.00	0.00	NUM
arjefm-89	279	5	)	)	PUNCT
arjefm-89	279	6	*	*	PUNCT
arjefm-89	280	1	*	*	PUNCT
arjefm-89	280	2	*	*	PUNCT
arjefm-89	280	3	(	(	PUNCT
arjefm-89	280	4	0.00	0.00	NUM
arjefm-89	280	5	)	)	PUNCT
arjefm-89	280	6	*	*	PUNCT
arjefm-89	281	1	*	*	PUNCT
arjefm-89	281	2	*	*	PUNCT
arjefm-89	281	3	(	(	PUNCT
arjefm-89	281	4	0.00	0.00	NUM
arjefm-89	281	5	)	)	PUNCT
arjefm-89	281	6	*	*	PUNCT
arjefm-89	282	1	*	*	PUNCT
arjefm-89	282	2	*	*	PUNCT
arjefm-89	282	3	(	(	PUNCT
arjefm-89	282	4	0.00	0.00	NUM
arjefm-89	282	5	)	)	PUNCT
arjefm-89	282	6	*	*	PUNCT
arjefm-89	283	1	*	*	PUNCT
arjefm-89	283	2	*	*	PUNCT
arjefm-89	283	3	(	(	PUNCT
arjefm-89	283	4	0.08	0.08	NUM
arjefm-89	283	5	)	)	PUNCT
arjefm-89	283	6	*	*	PUNCT
arjefm-89	283	7	(	(	PUNCT
arjefm-89	283	8	0.19	0.19	NUM
arjefm-89	283	9	)	)	PUNCT
arjefm-89	283	10	mal	mal	ADJ
arjefm-89	283	11	months	month	NOUN
arjefm-89	283	12	38.15	38.15	NUM
arjefm-89	283	13	18.10	18.10	NUM
arjefm-89	283	14	17.55	17.55	NUM
arjefm-89	283	15	13.78	13.78	NUM
arjefm-89	283	16	9.19	9.19	NUM
arjefm-89	283	17	11.39	11.39	NUM
arjefm-89	283	18	54.44	54.44	NUM
arjefm-89	283	19	mal+	mal+	PROPN
arjefm-89	283	20	months	month	NOUN
arjefm-89	283	21	0.9981	0.9981	NUM
arjefm-89	283	22	298.85	298.85	NUM
arjefm-89	283	23	154.14	154.14	NUM
arjefm-89	283	24	0.98	0.98	NUM
arjefm-89	283	25	0.99	0.99	NUM
arjefm-89	283	26	226.61	226.61	NUM
arjefm-89	283	27	141.54	141.54	NUM
arjefm-89	283	28	mal	mal	ADJ
arjefm-89	283	29	months	month	NOUN
arjefm-89	283	30	0.9981	0.9981	NUM
arjefm-89	283	31	8.07	8.07	NUM
arjefm-89	283	32	8.07	8.07	NUM
arjefm-89	283	33	0.98	0.98	NUM
arjefm-89	283	34	0.99	0.99	NUM
arjefm-89	283	35	61.93	61.93	NUM
arjefm-89	283	36	88.46	88.46	NUM
arjefm-89	283	37	wald	wald	NOUN
arjefm-89	283	38	pvalue	pvalue	NOUN
arjefm-89	283	39	(	(	PUNCT
arjefm-89	283	40	0.00	0.00	NUM
arjefm-89	283	41	)	)	PUNCT
arjefm-89	283	42	*	*	PUNCT
arjefm-89	284	1	*	*	PUNCT
arjefm-89	284	2	*	*	PUNCT
arjefm-89	284	3	(	(	PUNCT
arjefm-89	284	4	0.03	0.03	NUM
arjefm-89	284	5	)	)	PUNCT
arjefm-89	284	6	*	*	PUNCT
arjefm-89	284	7	*	*	PUNCT
arjefm-89	284	8	(	(	PUNCT
arjefm-89	284	9	0.00	0.00	NUM
arjefm-89	284	10	)	)	PUNCT
arjefm-89	284	11	*	*	PUNCT
arjefm-89	285	1	*	*	PUNCT
arjefm-89	285	2	*	*	PUNCT
arjefm-89	285	3	(	(	PUNCT
arjefm-89	285	4	0.00	0.00	NUM
arjefm-89	285	5	)	)	PUNCT
arjefm-89	285	6	*	*	PUNCT
arjefm-89	286	1	*	*	PUNCT
arjefm-89	286	2	*	*	PUNCT
arjefm-89	286	3	(	(	PUNCT
arjefm-89	286	4	0.00	0.00	NUM
arjefm-89	286	5	)	)	PUNCT
arjefm-89	286	6	*	*	PUNCT
arjefm-89	287	1	*	*	PUNCT
arjefm-89	287	2	*	*	PUNCT
arjefm-89	287	3	(	(	PUNCT
arjefm-89	287	4	0.76	0.76	NUM
arjefm-89	287	5	)	)	PUNCT
arjefm-89	287	6	(	(	PUNCT
arjefm-89	287	7	0.00	0.00	NUM
arjefm-89	287	8	)	)	PUNCT
arjefm-89	287	9	*	*	PUNCT
arjefm-89	288	1	*	*	PUNCT
arjefm-89	288	2	*	*	PUNCT
arjefm-89	288	3	adjr2	adjr2	NOUN
arjefm-89	289	1	0.9472	0.9472	NUM
arjefm-89	289	2	0.9273	0.9273	NUM
arjefm-89	289	3	0.9135	0.9135	NUM
arjefm-89	289	4	0.8837	0.8837	NUM
arjefm-89	289	5	0.7898	0.7898	NUM
arjefm-89	289	6	0.8632	0.8632	NUM
arjefm-89	289	7	0.9827	0.9827	NUM
arjefm-89	289	8	sc	sc	PROPN
arjefm-89	289	9	0.6926	0.6926	NUM
arjefm-89	289	10	0.8772	0.8772	NUM
arjefm-89	290	1	0.8369	0.8369	NUM
arjefm-89	290	2	0.6521	0.6521	NUM
arjefm-89	290	3	0.6889	0.6889	NUM
arjefm-89	290	4	0.3768	0.3768	NUM
arjefm-89	290	5	0.9387	0.9387	NUM
arjefm-89	290	6	het	het	NOUN
arjefm-89	290	7	0.8964	0.8964	NUM
arjefm-89	290	8	0.1519	0.1519	NUM
arjefm-89	290	9	0.2069	0.2069	NUM
arjefm-89	290	10	0.0825	0.0825	NUM
arjefm-89	291	1	0.0551	0.0551	NUM
arjefm-89	291	2	0.2845	0.2845	NUM
arjefm-89	291	3	0.162	0.162	NUM
arjefm-89	291	4	source	source	NOUN
arjefm-89	291	5	:	:	PUNCT
arjefm-89	291	6	author	author	NOUN
arjefm-89	291	7	’s	’s	PART
arjefm-89	291	8	compilation	compilation	NOUN
arjefm-89	291	9	from	from	ADP
arjefm-89	291	10	eviews	eview	NOUN
arjefm-89	291	11	*	*	PUNCT
arjefm-89	291	12	*	*	PUNCT
arjefm-89	291	13	*	*	PUNCT
arjefm-89	291	14	,	,	PUNCT
arjefm-89	291	15	*	*	PUNCT
arjefm-89	291	16	*	*	PUNCT
arjefm-89	291	17	and	and	CCONJ
arjefm-89	291	18	*	*	PUNCT
arjefm-89	291	19	denote	denote	NOUN
arjefm-89	291	20	significance	significance	NOUN
arjefm-89	291	21	at	at	ADP
arjefm-89	291	22	1	1	NUM
arjefm-89	291	23	%	%	NOUN
arjefm-89	291	24	,	,	PUNCT
arjefm-89	291	25	5	5	NUM
arjefm-89	291	26	%	%	NOUN
arjefm-89	291	27	and	and	CCONJ
arjefm-89	291	28	10	10	NUM
arjefm-89	291	29	%	%	NOUN
arjefm-89	291	30	levels	level	NOUN
arjefm-89	291	31	,	,	PUNCT
arjefm-89	291	32	respectively	respectively	ADV
arjefm-89	291	33	.	.	PUNCT
arjefm-89	292	1	4.2.2	4.2.2	NUM
arjefm-89	292	2	response	response	NOUN
arjefm-89	292	3	from	from	ADP
arjefm-89	292	4	the	the	DET
arjefm-89	292	5	open	open	ADJ
arjefm-89	292	6	buy	buy	NOUN
arjefm-89	292	7	-	-	PUNCT
arjefm-89	292	8	back	back	NOUN
arjefm-89	292	9	rate	rate	NOUN
arjefm-89	292	10	to	to	ADP
arjefm-89	292	11	the	the	DET
arjefm-89	292	12	retail	retail	ADJ
arjefm-89	292	13	rates	rate	NOUN
arjefm-89	292	14	the	the	DET
arjefm-89	292	15	second	second	ADJ
arjefm-89	292	16	aspect	aspect	NOUN
arjefm-89	292	17	of	of	ADP
arjefm-89	292	18	this	this	DET
arjefm-89	292	19	section	section	NOUN
arjefm-89	292	20	measures	measure	VERB
arjefm-89	292	21	the	the	DET
arjefm-89	292	22	response	response	NOUN
arjefm-89	292	23	from	from	ADP
arjefm-89	292	24	the	the	DET
arjefm-89	292	25	open	open	ADJ
arjefm-89	292	26	buy	buy	NOUN
arjefm-89	292	27	-	-	PUNCT
arjefm-89	292	28	back	back	NOUN
arjefm-89	292	29	rate	rate	NOUN
arjefm-89	292	30	to	to	ADP
arjefm-89	292	31	the	the	DET
arjefm-89	292	32	retail	retail	ADJ
arjefm-89	292	33	lending	lending	NOUN
arjefm-89	292	34	and	and	CCONJ
arjefm-89	292	35	deposit	deposit	NOUN
arjefm-89	292	36	rates	rate	NOUN
arjefm-89	292	37	.	.	PUNCT
arjefm-89	293	1	the	the	DET
arjefm-89	293	2	bound	bound	ADJ
arjefm-89	293	3	test	test	NOUN
arjefm-89	293	4	result	result	NOUN
arjefm-89	293	5	in	in	ADP
arjefm-89	293	6	table	table	NOUN
arjefm-89	293	7	8	8	NUM
arjefm-89	293	8	showed	show	VERB
arjefm-89	293	9	that	that	SCONJ
arjefm-89	293	10	there	there	PRON
arjefm-89	293	11	is	be	VERB
arjefm-89	293	12	no	no	DET
arjefm-89	293	13	long	long	ADJ
arjefm-89	293	14	run	run	NOUN
arjefm-89	293	15	relationship	relationship	NOUN
arjefm-89	293	16	among	among	ADP
arjefm-89	293	17	the	the	DET
arjefm-89	293	18	series	series	NOUN
arjefm-89	293	19	table	table	NOUN
arjefm-89	293	20	8	8	NUM
arjefm-89	293	21	:	:	PUNCT
arjefm-89	293	22	bound	bind	VERB
arjefm-89	293	23	test	test	NOUN
arjefm-89	293	24	result	result	NOUN
arjefm-89	293	25	from	from	ADP
arjefm-89	293	26	open	open	ADJ
arjefm-89	293	27	buy	buy	VERB
arjefm-89	293	28	back	back	ADP
arjefm-89	293	29	rate	rate	NOUN
arjefm-89	293	30	to	to	ADP
arjefm-89	293	31	retail	retail	ADJ
arjefm-89	293	32	lending	lending	NOUN
arjefm-89	293	33	and	and	CCONJ
arjefm-89	293	34	deposit	deposit	NOUN
arjefm-89	293	35	rate	rate	NOUN
arjefm-89	293	36	sdr	sdr	PROPN
arjefm-89	294	1	1mdr	1mdr	PROPN
arjefm-89	294	2	3mdr	3mdr	NUM
arjefm-89	294	3	6mdr	6mdr	NUM
arjefm-89	294	4	12mdr	12mdr	PROPN
arjefm-89	294	5	plr	plr	NOUN
arjefm-89	294	6	mlr	mlr	NOUN
arjefm-89	294	7	f	f	PROPN
arjefm-89	294	8	-	-	PUNCT
arjefm-89	294	9	statistic	statistic	VERB
arjefm-89	294	10	1.4	1.4	NUM
arjefm-89	294	11	4.08	4.08	NUM
arjefm-89	294	12	2.9	2.9	NUM
arjefm-89	294	13	3.67	3.67	NUM
arjefm-89	294	14	3.85	3.85	NUM
arjefm-89	294	15	4.37	4.37	NUM
arjefm-89	294	16	1.87	1.87	NUM
arjefm-89	294	17	lower(1	lower(1	ADJ
arjefm-89	294	18	%	%	NOUN
arjefm-89	294	19	)	)	PUNCT
arjefm-89	294	20	6.84	6.84	NUM
arjefm-89	294	21	6.84	6.84	NUM
arjefm-89	294	22	6.84	6.84	NUM
arjefm-89	294	23	6.84	6.84	NUM
arjefm-89	294	24	6.84	6.84	NUM
arjefm-89	294	25	6.84	6.84	NUM
arjefm-89	294	26	6.84	6.84	NUM
arjefm-89	294	27	upper(1	upper(1	PROPN
arjefm-89	294	28	%	%	NOUN
arjefm-89	294	29	)	)	PUNCT
arjefm-89	295	1	7.84	7.84	NUM
arjefm-89	295	2	7.84	7.84	NUM
arjefm-89	295	3	7.84	7.84	NUM
arjefm-89	295	4	7.84	7.84	NUM
arjefm-89	295	5	7.84	7.84	NUM
arjefm-89	295	6	7.84	7.84	NUM
arjefm-89	295	7	7.84	7.84	NUM
arjefm-89	295	8	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-89	295	9	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	296	1	american	american	PROPN
arjefm-89	296	2	research	research	PROPN
arjefm-89	296	3	journal	journal	PROPN
arjefm-89	296	4	of	of	ADP
arjefm-89	296	5	economics	economic	NOUN
arjefm-89	296	6	,	,	PUNCT
arjefm-89	296	7	finance	finance	NOUN
arjefm-89	296	8	and	and	CCONJ
arjefm-89	296	9	management	management	NOUN
arjefm-89	296	10	volume	volume	NOUN
arjefm-89	296	11	11	11	NUM
arjefm-89	296	12	issue	issue	NOUN
arjefm-89	296	13	3	3	NUM
arjefm-89	296	14	,	,	PUNCT
arjefm-89	296	15	july	july	PROPN
arjefm-89	296	16	-	-	PUNCT
arjefm-89	296	17	september	september	PROPN
arjefm-89	296	18	2023	2023	NUM
arjefm-89	296	19	issn	issn	PROPN
arjefm-89	296	20	:	:	PUNCT
arjefm-89	296	21	2836	2836	NUM
arjefm-89	296	22	-	-	SYM
arjefm-89	296	23	9416	9416	NUM
arjefm-89	296	24	impact	impact	NOUN
arjefm-89	296	25	factor	factor	NOUN
arjefm-89	296	26	:	:	PUNCT
arjefm-89	296	27	5.57	5.57	NUM
arjefm-89	296	28	journal	journal	NOUN
arjefm-89	296	29	homepage	homepage	NOUN
arjefm-89	296	30	:	:	PUNCT
arjefm-89	296	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	296	32	,	,	PUNCT
arjefm-89	296	33	email	email	NOUN
arjefm-89	296	34	:	:	PUNCT
arjefm-89	297	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	297	2	official	official	ADJ
arjefm-89	297	3	journal	journal	PROPN
arjefm-89	297	4	of	of	ADP
arjefm-89	297	5	america	america	PROPN
arjefm-89	297	6	serial	serial	PROPN
arjefm-89	297	7	publication	publication	NOUN
arjefm-89	297	8	american	american	PROPN
arjefm-89	297	9	research	research	PROPN
arjefm-89	297	10	journal	journal	PROPN
arjefm-89	297	11	of	of	ADP
arjefm-89	297	12	economics	economic	NOUN
arjefm-89	297	13	,	,	PUNCT
arjefm-89	297	14	finance	finance	NOUN
arjefm-89	297	15	and	and	CCONJ
arjefm-89	297	16	management	management	NOUN
arjefm-89	297	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	297	18	,	,	PUNCT
arjefm-89	297	19	email	email	NOUN
arjefm-89	297	20	:	:	PUNCT
arjefm-89	297	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	298	1	15	15	NUM
arjefm-89	299	1	|	|	ADV
arjefm-89	299	2	p	p	X
arjefm-89	299	3	a	a	DET
arjefm-89	299	4	g	g	NOUN
arjefm-89	299	5	e	e	NOUN
arjefm-89	299	6	lower(5	lower(5	NOUN
arjefm-89	299	7	%	%	NOUN
arjefm-89	299	8	)	)	PUNCT
arjefm-89	299	9	4.94	4.94	NUM
arjefm-89	299	10	4.94	4.94	NUM
arjefm-89	299	11	4.94	4.94	NUM
arjefm-89	299	12	4.94	4.94	NUM
arjefm-89	299	13	4.94	4.94	NUM
arjefm-89	299	14	4.94	4.94	NUM
arjefm-89	299	15	4.94	4.94	NUM
arjefm-89	299	16	upper(5	upper(5	PROPN
arjefm-89	299	17	%	%	NOUN
arjefm-89	299	18	)	)	PUNCT
arjefm-89	299	19	5.73	5.73	NUM
arjefm-89	299	20	5.73	5.73	NUM
arjefm-89	299	21	5.73	5.73	NUM
arjefm-89	299	22	5.73	5.73	NUM
arjefm-89	299	23	5.73	5.73	NUM
arjefm-89	299	24	5.73	5.73	NUM
arjefm-89	299	25	5.73	5.73	NUM
arjefm-89	299	26	cointegration	cointegration	NOUN
arjefm-89	300	1	no	no	INTJ
arjefm-89	300	2	no	no	INTJ
arjefm-89	300	3	no	no	INTJ
arjefm-89	300	4	no	no	INTJ
arjefm-89	300	5	no	no	INTJ
arjefm-89	300	6	no	no	INTJ
arjefm-89	300	7	no	no	DET
arjefm-89	300	8	source	source	NOUN
arjefm-89	300	9	:	:	PUNCT
arjefm-89	300	10	author	author	NOUN
arjefm-89	300	11	’s	’s	PART
arjefm-89	300	12	compilation	compilation	NOUN
arjefm-89	300	13	from	from	ADP
arjefm-89	300	14	eviews	eview	NOUN
arjefm-89	300	15	in	in	ADP
arjefm-89	300	16	the	the	DET
arjefm-89	300	17	short	short	ADJ
arjefm-89	300	18	run	run	NOUN
arjefm-89	300	19	,	,	PUNCT
arjefm-89	300	20	the	the	DET
arjefm-89	300	21	one	one	NUM
arjefm-89	300	22	-	-	PUNCT
arjefm-89	300	23	month	month	NOUN
arjefm-89	300	24	and	and	CCONJ
arjefm-89	300	25	six	six	NUM
arjefm-89	300	26	months	month	NOUN
arjefm-89	300	27	deposit	deposit	NOUN
arjefm-89	300	28	rates	rate	NOUN
arjefm-89	300	29	were	be	AUX
arjefm-89	300	30	significant	significant	ADJ
arjefm-89	300	31	,	,	PUNCT
arjefm-89	300	32	while	while	SCONJ
arjefm-89	300	33	the	the	DET
arjefm-89	300	34	maximum	maximum	ADJ
arjefm-89	300	35	lending	lending	NOUN
arjefm-89	300	36	rate	rate	NOUN
arjefm-89	300	37	was	be	AUX
arjefm-89	300	38	the	the	DET
arjefm-89	300	39	only	only	ADJ
arjefm-89	300	40	lending	lending	NOUN
arjefm-89	300	41	rate	rate	NOUN
arjefm-89	300	42	found	find	VERB
arjefm-89	300	43	to	to	PART
arjefm-89	300	44	be	be	AUX
arjefm-89	300	45	significant	significant	ADJ
arjefm-89	300	46	.	.	PUNCT
arjefm-89	301	1	the	the	DET
arjefm-89	301	2	pass	pass	NOUN
arjefm-89	301	3	-	-	PUNCT
arjefm-89	301	4	through	through	NOUN
arjefm-89	301	5	for	for	ADP
arjefm-89	301	6	the	the	DET
arjefm-89	301	7	one	one	NUM
arjefm-89	301	8	month	month	NOUN
arjefm-89	301	9	(	(	PUNCT
arjefm-89	301	10	0.01	0.01	NUM
arjefm-89	301	11	)	)	PUNCT
arjefm-89	301	12	,	,	PUNCT
arjefm-89	301	13	six	six	NUM
arjefm-89	301	14	months	month	NOUN
arjefm-89	301	15	(	(	PUNCT
arjefm-89	301	16	0.02	0.02	NUM
arjefm-89	301	17	)	)	PUNCT
arjefm-89	301	18	,	,	PUNCT
arjefm-89	301	19	and	and	CCONJ
arjefm-89	301	20	maximum	maximum	ADJ
arjefm-89	301	21	lending	lending	NOUN
arjefm-89	301	22	rates	rate	NOUN
arjefm-89	301	23	(	(	PUNCT
arjefm-89	301	24	0.01	0.01	NUM
arjefm-89	301	25	)	)	PUNCT
arjefm-89	301	26	were	be	AUX
arjefm-89	301	27	also	also	ADV
arjefm-89	301	28	found	find	VERB
arjefm-89	301	29	to	to	PART
arjefm-89	301	30	be	be	AUX
arjefm-89	301	31	incomplete	incomplete	ADJ
arjefm-89	301	32	and	and	CCONJ
arjefm-89	301	33	very	very	ADV
arjefm-89	301	34	low	low	ADJ
arjefm-89	301	35	,	,	PUNCT
arjefm-89	301	36	in	in	ADP
arjefm-89	301	37	line	line	NOUN
arjefm-89	301	38	with	with	ADP
arjefm-89	301	39	the	the	DET
arjefm-89	301	40	results	result	NOUN
arjefm-89	301	41	from	from	ADP
arjefm-89	301	42	the	the	DET
arjefm-89	301	43	pass	pass	NOUN
arjefm-89	301	44	-	-	PUNCT
arjefm-89	301	45	through	through	NOUN
arjefm-89	301	46	from	from	ADP
arjefm-89	301	47	the	the	DET
arjefm-89	301	48	interbank	interbank	NOUN
arjefm-89	301	49	call	call	NOUN
arjefm-89	301	50	rate	rate	NOUN
arjefm-89	301	51	to	to	ADP
arjefm-89	301	52	the	the	DET
arjefm-89	301	53	retail	retail	ADJ
arjefm-89	301	54	rates	rate	NOUN
arjefm-89	301	55	.	.	PUNCT
arjefm-89	302	1	the	the	DET
arjefm-89	302	2	adjustment	adjustment	NOUN
arjefm-89	302	3	speed	speed	NOUN
arjefm-89	302	4	for	for	ADP
arjefm-89	302	5	the	the	DET
arjefm-89	302	6	onemonth	onemonth	NOUN
arjefm-89	302	7	(	(	PUNCT
arjefm-89	302	8	5	5	NUM
arjefm-89	302	9	%	%	NOUN
arjefm-89	302	10	)	)	PUNCT
arjefm-89	302	11	,	,	PUNCT
arjefm-89	302	12	three	three	NUM
arjefm-89	302	13	months	month	NOUN
arjefm-89	302	14	(	(	PUNCT
arjefm-89	302	15	5	5	NUM
arjefm-89	302	16	%	%	NOUN
arjefm-89	302	17	)	)	PUNCT
arjefm-89	302	18	,	,	PUNCT
arjefm-89	302	19	six	six	NUM
arjefm-89	302	20	months	month	NOUN
arjefm-89	302	21	(	(	PUNCT
arjefm-89	302	22	7	7	NUM
arjefm-89	302	23	%	%	NOUN
arjefm-89	302	24	)	)	PUNCT
arjefm-89	302	25	,	,	PUNCT
arjefm-89	302	26	and	and	CCONJ
arjefm-89	302	27	twelve	twelve	NUM
arjefm-89	302	28	months	month	NOUN
arjefm-89	302	29	(	(	PUNCT
arjefm-89	302	30	10	10	NUM
arjefm-89	302	31	%	%	NOUN
arjefm-89	302	32	)	)	PUNCT
arjefm-89	302	33	deposit	deposit	NOUN
arjefm-89	302	34	rates	rate	NOUN
arjefm-89	302	35	and	and	CCONJ
arjefm-89	302	36	the	the	DET
arjefm-89	302	37	prime	prime	ADJ
arjefm-89	302	38	lending	lending	NOUN
arjefm-89	302	39	rate	rate	NOUN
arjefm-89	302	40	(	(	PUNCT
arjefm-89	302	41	9	9	NUM
arjefm-89	302	42	%	%	NOUN
arjefm-89	302	43	)	)	PUNCT
arjefm-89	302	44	were	be	AUX
arjefm-89	302	45	also	also	ADV
arjefm-89	302	46	found	find	VERB
arjefm-89	302	47	to	to	PART
arjefm-89	302	48	be	be	AUX
arjefm-89	302	49	characteristically	characteristically	ADV
arjefm-89	302	50	low	low	ADJ
arjefm-89	302	51	in	in	ADP
arjefm-89	302	52	line	line	NOUN
arjefm-89	302	53	with	with	ADP
arjefm-89	302	54	the	the	DET
arjefm-89	302	55	interbank	interbank	NOUN
arjefm-89	302	56	call	call	NOUN
arjefm-89	302	57	rate	rate	NOUN
arjefm-89	302	58	outcomes	outcome	NOUN
arjefm-89	302	59	.	.	PUNCT
arjefm-89	303	1	since	since	SCONJ
arjefm-89	303	2	the	the	DET
arjefm-89	303	3	onemonth	onemonth	NOUN
arjefm-89	303	4	and	and	CCONJ
arjefm-89	303	5	six	six	NUM
arjefm-89	303	6	months	month	NOUN
arjefm-89	303	7	deposit	deposit	NOUN
arjefm-89	303	8	rates	rate	NOUN
arjefm-89	303	9	had	have	VERB
arjefm-89	303	10	significant	significant	ADJ
arjefm-89	303	11	short	short	ADJ
arjefm-89	303	12	-	-	PUNCT
arjefm-89	303	13	run	run	VERB
arjefm-89	303	14	and	and	CCONJ
arjefm-89	303	15	error	error	NOUN
arjefm-89	303	16	correction	correction	NOUN
arjefm-89	303	17	outcomes	outcome	NOUN
arjefm-89	303	18	,	,	PUNCT
arjefm-89	303	19	this	this	DET
arjefm-89	303	20	study	study	NOUN
arjefm-89	303	21	computed	compute	VERB
arjefm-89	303	22	their	their	PRON
arjefm-89	303	23	positive	positive	ADJ
arjefm-89	303	24	and	and	CCONJ
arjefm-89	303	25	negative	negative	ADJ
arjefm-89	303	26	correction	correction	NOUN
arjefm-89	303	27	terms	term	NOUN
arjefm-89	303	28	and	and	CCONJ
arjefm-89	303	29	their	their	PRON
arjefm-89	303	30	mean	mean	ADJ
arjefm-89	303	31	adjustment	adjustment	NOUN
arjefm-89	303	32	lags	lag	VERB
arjefm-89	303	33	.	.	PUNCT
arjefm-89	304	1	the	the	DET
arjefm-89	304	2	positive	positive	ADJ
arjefm-89	304	3	and	and	CCONJ
arjefm-89	304	4	negative	negative	ADJ
arjefm-89	304	5	correction	correction	NOUN
arjefm-89	304	6	terms	term	NOUN
arjefm-89	304	7	show	show	VERB
arjefm-89	304	8	that	that	SCONJ
arjefm-89	304	9	the	the	DET
arjefm-89	304	10	one	one	NUM
arjefm-89	304	11	-	-	PUNCT
arjefm-89	304	12	month	month	NOUN
arjefm-89	304	13	and	and	CCONJ
arjefm-89	304	14	six	six	NUM
arjefm-89	304	15	months	month	NOUN
arjefm-89	304	16	deposit	deposit	NOUN
arjefm-89	304	17	rates	rate	NOUN
arjefm-89	304	18	fully	fully	ADV
arjefm-89	304	19	adjust	adjust	VERB
arjefm-89	304	20	to	to	ADP
arjefm-89	304	21	a	a	DET
arjefm-89	304	22	change	change	NOUN
arjefm-89	304	23	in	in	ADP
arjefm-89	304	24	the	the	DET
arjefm-89	304	25	open	open	ADJ
arjefm-89	304	26	buy	buy	NOUN
arjefm-89	304	27	-	-	PUNCT
arjefm-89	304	28	back	back	NOUN
arjefm-89	304	29	rate	rate	NOUN
arjefm-89	304	30	either	either	CCONJ
arjefm-89	304	31	upward	upward	ADJ
arjefm-89	304	32	or	or	CCONJ
arjefm-89	304	33	downward	downward	ADJ
arjefm-89	304	34	.	.	PUNCT
arjefm-89	305	1	their	their	PRON
arjefm-89	305	2	mean	mean	ADJ
arjefm-89	305	3	adjustment	adjustment	NOUN
arjefm-89	305	4	lags	lags	AUX
arjefm-89	305	5	further	far	ADV
arjefm-89	305	6	suggest	suggest	VERB
arjefm-89	305	7	that	that	SCONJ
arjefm-89	305	8	they	they	PRON
arjefm-89	305	9	adjust	adjust	VERB
arjefm-89	305	10	within	within	ADP
arjefm-89	305	11	a	a	DET
arjefm-89	305	12	month	month	NOUN
arjefm-89	305	13	to	to	ADP
arjefm-89	305	14	the	the	DET
arjefm-89	305	15	upward	upward	ADJ
arjefm-89	305	16	or	or	CCONJ
arjefm-89	305	17	downward	downward	ADJ
arjefm-89	305	18	movements	movement	NOUN
arjefm-89	305	19	in	in	ADP
arjefm-89	305	20	the	the	DET
arjefm-89	305	21	open	open	ADJ
arjefm-89	305	22	buy	buy	NOUN
arjefm-89	305	23	-	-	PUNCT
arjefm-89	305	24	back	back	NOUN
arjefm-89	305	25	rate	rate	NOUN
arjefm-89	305	26	.	.	PUNCT
arjefm-89	306	1	finally	finally	ADV
arjefm-89	306	2	,	,	PUNCT
arjefm-89	306	3	the	the	DET
arjefm-89	306	4	wald	wald	PROPN
arjefm-89	306	5	test	test	NOUN
arjefm-89	306	6	shows	show	VERB
arjefm-89	306	7	that	that	SCONJ
arjefm-89	306	8	there	there	PRON
arjefm-89	306	9	are	be	VERB
arjefm-89	306	10	asymmetries	asymmetry	NOUN
arjefm-89	306	11	in	in	ADP
arjefm-89	306	12	the	the	DET
arjefm-89	306	13	way	way	NOUN
arjefm-89	306	14	the	the	DET
arjefm-89	306	15	positive	positive	ADJ
arjefm-89	306	16	and	and	CCONJ
arjefm-89	306	17	negative	negative	ADJ
arjefm-89	306	18	correction	correction	NOUN
arjefm-89	306	19	terms	term	NOUN
arjefm-89	306	20	respond	respond	VERB
arjefm-89	306	21	to	to	ADP
arjefm-89	306	22	changes	change	NOUN
arjefm-89	306	23	in	in	ADP
arjefm-89	306	24	the	the	DET
arjefm-89	306	25	open	open	ADJ
arjefm-89	306	26	buy	buy	NOUN
arjefm-89	306	27	-	-	PUNCT
arjefm-89	306	28	back	back	NOUN
arjefm-89	306	29	rate	rate	NOUN
arjefm-89	306	30	.	.	PUNCT
arjefm-89	307	1	the	the	DET
arjefm-89	307	2	unresponsive	unresponsive	ADJ
arjefm-89	307	3	nature	nature	NOUN
arjefm-89	307	4	of	of	ADP
arjefm-89	307	5	lending	lending	NOUN
arjefm-89	307	6	rates	rate	NOUN
arjefm-89	307	7	on	on	ADP
arjefm-89	307	8	the	the	DET
arjefm-89	307	9	pass	pass	VERB
arjefm-89	307	10	-	-	PUNCT
arjefm-89	307	11	through	through	ADP
arjefm-89	307	12	process	process	NOUN
arjefm-89	307	13	from	from	ADP
arjefm-89	307	14	the	the	DET
arjefm-89	307	15	open	open	ADJ
arjefm-89	307	16	buy	buy	NOUN
arjefm-89	307	17	-	-	PUNCT
arjefm-89	307	18	back	back	NOUN
arjefm-89	307	19	rate	rate	NOUN
arjefm-89	307	20	to	to	ADP
arjefm-89	307	21	the	the	DET
arjefm-89	307	22	lending	lending	NOUN
arjefm-89	307	23	rate	rate	NOUN
arjefm-89	307	24	implies	imply	VERB
arjefm-89	307	25	that	that	SCONJ
arjefm-89	307	26	the	the	DET
arjefm-89	307	27	lending	lending	NOUN
arjefm-89	307	28	rate	rate	NOUN
arjefm-89	307	29	is	be	AUX
arjefm-89	307	30	sticky	sticky	ADJ
arjefm-89	307	31	to	to	ADP
arjefm-89	307	32	changes	change	NOUN
arjefm-89	307	33	in	in	ADP
arjefm-89	307	34	the	the	DET
arjefm-89	307	35	interbank	interbank	NOUN
arjefm-89	307	36	rate	rate	NOUN
arjefm-89	307	37	.	.	PUNCT
arjefm-89	308	1	these	these	DET
arjefm-89	308	2	outcomes	outcome	NOUN
arjefm-89	308	3	corroborate	corroborate	VERB
arjefm-89	308	4	the	the	DET
arjefm-89	308	5	previous	previous	ADJ
arjefm-89	308	6	outcomes	outcome	NOUN
arjefm-89	308	7	on	on	ADP
arjefm-89	308	8	interest	interest	NOUN
arjefm-89	308	9	rate	rate	NOUN
arjefm-89	308	10	pass	pass	NOUN
arjefm-89	308	11	-	-	PUNCT
arjefm-89	308	12	through	through	NOUN
arjefm-89	308	13	from	from	ADP
arjefm-89	308	14	the	the	DET
arjefm-89	308	15	interbank	interbank	NOUN
arjefm-89	308	16	call	call	NOUN
arjefm-89	308	17	rate	rate	NOUN
arjefm-89	308	18	to	to	ADP
arjefm-89	308	19	the	the	DET
arjefm-89	308	20	retail	retail	ADJ
arjefm-89	308	21	lending	lending	NOUN
arjefm-89	308	22	and	and	CCONJ
arjefm-89	308	23	deposit	deposit	NOUN
arjefm-89	308	24	rates	rate	NOUN
arjefm-89	308	25	.	.	PUNCT
arjefm-89	309	1	table	table	NOUN
arjefm-89	309	2	9	9	NUM
arjefm-89	309	3	:	:	PUNCT
arjefm-89	309	4	summary	summary	NOUN
arjefm-89	309	5	of	of	ADP
arjefm-89	309	6	pass	pass	NOUN
arjefm-89	309	7	-	-	PUNCT
arjefm-89	309	8	through	through	NOUN
arjefm-89	309	9	from	from	ADP
arjefm-89	309	10	open	open	ADJ
arjefm-89	309	11	buy	buy	NOUN
arjefm-89	309	12	-	-	PUNCT
arjefm-89	309	13	back	back	NOUN
arjefm-89	309	14	rate	rate	NOUN
arjefm-89	309	15	to	to	ADP
arjefm-89	309	16	retail	retail	ADJ
arjefm-89	309	17	rate	rate	NOUN
arjefm-89	309	18	s	s	NOUN
arjefm-89	309	19	-	-	PUNCT
arjefm-89	309	20	run	run	VERB
arjefm-89	309	21	coeff	coeff	NOUN
arjefm-89	309	22	0.0035	0.0035	NUM
arjefm-89	309	23	0.0135	0.0135	NUM
arjefm-89	309	24	0.0107	0.0107	NUM
arjefm-89	309	25	0.0185	0.0185	NUM
arjefm-89	309	26	0.0177	0.0177	NUM
arjefm-89	309	27	-0.0051	-0.0051	ADJ
arjefm-89	309	28	0.0137	0.0137	NUM
arjefm-89	309	29	pvalue	pvalue	NOUN
arjefm-89	309	30	(	(	PUNCT
arjefm-89	309	31	0.16	0.16	NUM
arjefm-89	309	32	)	)	PUNCT
arjefm-89	309	33	(	(	PUNCT
arjefm-89	309	34	0.09	0.09	NUM
arjefm-89	309	35	)	)	PUNCT
arjefm-89	309	36	*	*	PUNCT
arjefm-89	309	37	(	(	PUNCT
arjefm-89	309	38	0.17	0.17	NUM
arjefm-89	309	39	)	)	PUNCT
arjefm-89	309	40	(	(	PUNCT
arjefm-89	309	41	0.06	0.06	NUM
arjefm-89	309	42	)	)	PUNCT
arjefm-89	309	43	*	*	PUNCT
arjefm-89	310	1	(	(	PUNCT
arjefm-89	310	2	0.24	0.24	NUM
arjefm-89	310	3	)	)	PUNCT
arjefm-89	310	4	(	(	PUNCT
arjefm-89	310	5	0.32	0.32	NUM
arjefm-89	310	6	)	)	PUNCT
arjefm-89	310	7	(	(	PUNCT
arjefm-89	310	8	0.04	0.04	NUM
arjefm-89	310	9	)	)	PUNCT
arjefm-89	310	10	*	*	PUNCT
arjefm-89	310	11	*	*	PUNCT
arjefm-89	310	12	ect	ect	PROPN
arjefm-89	310	13	coeff	coeff	PROPN
arjefm-89	310	14	-0.0253	-0.0253	PROPN
arjefm-89	310	15	-0.0496	-0.0496	PROPN
arjefm-89	310	16	-0.0536	-0.0536	NOUN
arjefm-89	310	17	-0.0677	-0.0677	PUNCT
arjefm-89	311	1	-0.0965	-0.0965	NOUN
arjefm-89	311	2	-0.0893	-0.0893	PROPN
arjefm-89	311	3	0.0173	0.0173	NUM
arjefm-89	311	4	pvalue	pvalue	NOUN
arjefm-89	311	5	(	(	PUNCT
arjefm-89	311	6	0.21	0.21	NUM
arjefm-89	311	7	)	)	PUNCT
arjefm-89	311	8	(	(	PUNCT
arjefm-89	311	9	0.05	0.05	NUM
arjefm-89	311	10	)	)	PUNCT
arjefm-89	311	11	*	*	PUNCT
arjefm-89	312	1	*	*	PUNCT
arjefm-89	312	2	(	(	PUNCT
arjefm-89	312	3	0.04	0.04	NUM
arjefm-89	312	4	)	)	PUNCT
arjefm-89	312	5	*	*	PUNCT
arjefm-89	312	6	*	*	PUNCT
arjefm-89	312	7	(	(	PUNCT
arjefm-89	312	8	0.02	0.02	NUM
arjefm-89	312	9	)	)	PUNCT
arjefm-89	312	10	*	*	PUNCT
arjefm-89	312	11	*	*	PUNCT
arjefm-89	312	12	(	(	PUNCT
arjefm-89	312	13	0.02	0.02	NUM
arjefm-89	312	14	)	)	PUNCT
arjefm-89	312	15	*	*	PUNCT
arjefm-89	312	16	*	*	PUNCT
arjefm-89	312	17	(	(	PUNCT
arjefm-89	312	18	0.01	0.01	NUM
arjefm-89	312	19	)	)	PUNCT
arjefm-89	312	20	*	*	PUNCT
arjefm-89	313	1	*	*	PUNCT
arjefm-89	313	2	*	*	PUNCT
arjefm-89	313	3	(	(	PUNCT
arjefm-89	313	4	0.17	0.17	NUM
arjefm-89	313	5	)	)	PUNCT
arjefm-89	313	6	l	l	NOUN
arjefm-89	313	7	-	-	PUNCT
arjefm-89	313	8	run	run	VERB
arjefm-89	313	9	coeff	coeff	NOUN
arjefm-89	313	10	0.1394	0.1394	NUM
arjefm-89	313	11	0.2712	0.2712	NUM
arjefm-89	313	12	0.1987	0.1987	NUM
arjefm-89	313	13	0.2737	0.2737	NUM
arjefm-89	313	14	0.1836	0.1836	NUM
arjefm-89	313	15	0.0391	0.0391	NUM
arjefm-89	313	16	0.7946	0.7946	NUM
arjefm-89	313	17	pvalue	pvalue	NOUN
arjefm-89	313	18	(	(	PUNCT
arjefm-89	313	19	0.28	0.28	NUM
arjefm-89	313	20	)	)	PUNCT
arjefm-89	313	21	(	(	PUNCT
arjefm-89	313	22	0.21	0.21	NUM
arjefm-89	313	23	)	)	PUNCT
arjefm-89	313	24	(	(	PUNCT
arjefm-89	313	25	0.26	0.26	NUM
arjefm-89	313	26	)	)	PUNCT
arjefm-89	313	27	(	(	PUNCT
arjefm-89	313	28	0.12	0.12	NUM
arjefm-89	313	29	)	)	PUNCT
arjefm-89	313	30	(	(	PUNCT
arjefm-89	313	31	0.27	0.27	NUM
arjefm-89	313	32	)	)	PUNCT
arjefm-89	313	33	(	(	PUNCT
arjefm-89	313	34	0.49	0.49	NUM
arjefm-89	313	35	)	)	PUNCT
arjefm-89	313	36	(	(	PUNCT
arjefm-89	313	37	0.14	0.14	NUM
arjefm-89	313	38	)	)	PUNCT
arjefm-89	313	39	ect+	ect+	AUX
arjefm-89	313	40	coeff	coeff	NOUN
arjefm-89	313	41	0.0387	0.0387	NUM
arjefm-89	313	42	1.0000	1.0000	NUM
arjefm-89	313	43	-0.052	-0.052	NUM
arjefm-89	313	44	1.0000	1.0000	NUM
arjefm-89	313	45	1.0000	1.0000	NUM
arjefm-89	313	46	-0.0076	-0.0076	NOUN
arjefm-89	313	47	0.001	0.001	NUM
arjefm-89	313	48	pvalue	pvalue	NOUN
arjefm-89	313	49	(	(	PUNCT
arjefm-89	313	50	0.12	0.12	NUM
arjefm-89	313	51	)	)	PUNCT
arjefm-89	313	52	(	(	PUNCT
arjefm-89	313	53	0.00	0.00	NUM
arjefm-89	313	54	)	)	PUNCT
arjefm-89	313	55	*	*	PUNCT
arjefm-89	314	1	*	*	PUNCT
arjefm-89	314	2	*	*	PUNCT
arjefm-89	314	3	(	(	PUNCT
arjefm-89	314	4	0.00	0.00	NUM
arjefm-89	314	5	)	)	PUNCT
arjefm-89	314	6	*	*	PUNCT
arjefm-89	315	1	*	*	PUNCT
arjefm-89	315	2	*	*	PUNCT
arjefm-89	315	3	(	(	PUNCT
arjefm-89	315	4	0.00	0.00	NUM
arjefm-89	315	5	)	)	PUNCT
arjefm-89	315	6	*	*	PUNCT
arjefm-89	316	1	*	*	PUNCT
arjefm-89	316	2	*	*	PUNCT
arjefm-89	316	3	(	(	PUNCT
arjefm-89	316	4	0.00	0.00	NUM
arjefm-89	316	5	)	)	PUNCT
arjefm-89	316	6	*	*	PUNCT
arjefm-89	316	7	*	*	PUNCT
arjefm-89	316	8	*	*	PUNCT
arjefm-89	316	9	(	(	PUNCT
arjefm-89	316	10	0.48	0.48	NUM
arjefm-89	316	11	)	)	PUNCT
arjefm-89	316	12	(	(	PUNCT
arjefm-89	316	13	0.89	0.89	NUM
arjefm-89	316	14	)	)	PUNCT
arjefm-89	316	15	ect	ect	PROPN
arjefm-89	316	16	coeff	coeff	PROPN
arjefm-89	316	17	0.0456	0.0456	NUM
arjefm-89	316	18	1.0000	1.0000	NUM
arjefm-89	316	19	0.0045	0.0045	NUM
arjefm-89	316	20	1.0000	1.0000	NUM
arjefm-89	316	21	1.0000	1.0000	NUM
arjefm-89	316	22	-0.0131	-0.0131	NOUN
arjefm-89	316	23	0.0148	0.0148	NUM
arjefm-89	316	24	pvalue	pvalue	NOUN
arjefm-89	316	25	(	(	PUNCT
arjefm-89	316	26	0.14	0.14	NUM
arjefm-89	316	27	)	)	PUNCT
arjefm-89	316	28	(	(	PUNCT
arjefm-89	316	29	0.00	0.00	NUM
arjefm-89	316	30	)	)	PUNCT
arjefm-89	316	31	*	*	PUNCT
arjefm-89	317	1	*	*	PUNCT
arjefm-89	317	2	*	*	PUNCT
arjefm-89	317	3	(	(	PUNCT
arjefm-89	317	4	0.75	0.75	NUM
arjefm-89	317	5	)	)	PUNCT
arjefm-89	317	6	(	(	PUNCT
arjefm-89	317	7	0.00	0.00	NUM
arjefm-89	317	8	)	)	PUNCT
arjefm-89	317	9	*	*	PUNCT
arjefm-89	318	1	*	*	PUNCT
arjefm-89	318	2	*	*	PUNCT
arjefm-89	318	3	(	(	PUNCT
arjefm-89	318	4	0.00	0.00	NUM
arjefm-89	318	5	)	)	PUNCT
arjefm-89	318	6	*	*	PUNCT
arjefm-89	319	1	*	*	PUNCT
arjefm-89	319	2	*	*	PUNCT
arjefm-89	319	3	(	(	PUNCT
arjefm-89	319	4	0.11	0.11	NUM
arjefm-89	319	5	)	)	PUNCT
arjefm-89	319	6	(	(	PUNCT
arjefm-89	319	7	0.11	0.11	NUM
arjefm-89	319	8	)	)	PUNCT
arjefm-89	319	9	mal	mal	ADJ
arjefm-89	319	10	months	month	NOUN
arjefm-89	319	11	39.39	39.39	NUM
arjefm-89	319	12	19.89	19.89	NUM
arjefm-89	319	13	18.46	18.46	NUM
arjefm-89	319	14	14.5	14.5	NUM
arjefm-89	319	15	10.18	10.18	NUM
arjefm-89	319	16	11.14	11.14	NUM
arjefm-89	319	17	57.01	57.01	NUM
arjefm-89	319	18	mal+	mal+	NOUN
arjefm-89	319	19	months	month	NOUN
arjefm-89	319	20	25.75	25.75	NUM
arjefm-89	320	1	0.9865	0.9865	NUM
arjefm-89	320	2	19.025	19.025	NUM
arjefm-89	320	3	0.9815	0.9815	NUM
arjefm-89	320	4	0.9823	0.9823	NUM
arjefm-89	320	5	130.91	130.91	NUM
arjefm-89	320	6	986.3	986.3	NUM
arjefm-89	320	7	mal	mal	ADJ
arjefm-89	320	8	months	month	NOUN
arjefm-89	320	9	21.85	21.85	NUM
arjefm-89	320	10	0.9865	0.9865	NUM
arjefm-89	320	11	219.84	219.84	NUM
arjefm-89	320	12	0.9815	0.9815	NUM
arjefm-89	320	13	0.9823	0.9823	NUM
arjefm-89	320	14	75.95	75.95	NUM
arjefm-89	320	15	66.64	66.64	NUM
arjefm-89	320	16	wald	wald	NOUN
arjefm-89	320	17	pvalue	pvalue	NOUN
arjefm-89	320	18	var	var	PROPN
arjefm-89	320	19	sdr	sdr	PROPN
arjefm-89	320	20	mdr	mdr	PROPN
arjefm-89	320	21	1	1	NUM
arjefm-89	320	22	mdr	mdr	PROPN
arjefm-89	320	23	3	3	NUM
arjefm-89	320	24	mdr	mdr	PROPN
arjefm-89	320	25	6	6	NUM
arjefm-89	320	26	mdr	mdr	PROPN
arjefm-89	320	27	12	12	NUM
arjefm-89	320	28	plr	plr	NOUN
arjefm-89	320	29	mlr	mlr	NOUN
arjefm-89	320	30	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	320	31	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	320	32	american	american	PROPN
arjefm-89	320	33	research	research	PROPN
arjefm-89	320	34	journal	journal	PROPN
arjefm-89	320	35	of	of	ADP
arjefm-89	320	36	economics	economic	NOUN
arjefm-89	320	37	,	,	PUNCT
arjefm-89	320	38	finance	finance	NOUN
arjefm-89	320	39	and	and	CCONJ
arjefm-89	320	40	management	management	NOUN
arjefm-89	320	41	volume	volume	NOUN
arjefm-89	320	42	11	11	NUM
arjefm-89	320	43	issue	issue	NOUN
arjefm-89	320	44	3	3	NUM
arjefm-89	320	45	,	,	PUNCT
arjefm-89	320	46	july	july	PROPN
arjefm-89	320	47	-	-	PUNCT
arjefm-89	320	48	september	september	PROPN
arjefm-89	320	49	2023	2023	NUM
arjefm-89	320	50	issn	issn	PROPN
arjefm-89	320	51	:	:	PUNCT
arjefm-89	320	52	2836	2836	NUM
arjefm-89	320	53	-	-	SYM
arjefm-89	320	54	9416	9416	NUM
arjefm-89	320	55	impact	impact	NOUN
arjefm-89	320	56	factor	factor	NOUN
arjefm-89	320	57	:	:	PUNCT
arjefm-89	320	58	5.57	5.57	NUM
arjefm-89	320	59	journal	journal	NOUN
arjefm-89	320	60	homepage	homepage	NOUN
arjefm-89	320	61	:	:	PUNCT
arjefm-89	320	62	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	320	63	,	,	PUNCT
arjefm-89	320	64	email	email	NOUN
arjefm-89	320	65	:	:	PUNCT
arjefm-89	320	66	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	320	67	official	official	ADJ
arjefm-89	320	68	journal	journal	PROPN
arjefm-89	320	69	of	of	ADP
arjefm-89	320	70	america	america	PROPN
arjefm-89	320	71	serial	serial	PROPN
arjefm-89	320	72	publication	publication	NOUN
arjefm-89	320	73	american	american	PROPN
arjefm-89	320	74	research	research	PROPN
arjefm-89	320	75	journal	journal	PROPN
arjefm-89	320	76	of	of	ADP
arjefm-89	320	77	economics	economic	NOUN
arjefm-89	320	78	,	,	PUNCT
arjefm-89	320	79	finance	finance	NOUN
arjefm-89	320	80	and	and	CCONJ
arjefm-89	320	81	management	management	NOUN
arjefm-89	320	82	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	320	83	,	,	PUNCT
arjefm-89	320	84	email	email	NOUN
arjefm-89	320	85	:	:	PUNCT
arjefm-89	320	86	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	321	1	16	16	NUM
arjefm-89	322	1	|	|	ADV
arjefm-89	322	2	p	p	X
arjefm-89	322	3	a	a	DET
arjefm-89	322	4	g	g	PROPN
arjefm-89	322	5	e	e	PROPN
arjefm-89	322	6	adj	adj	PROPN
arjefm-89	322	7	-	-	PUNCT
arjefm-89	322	8	r2	r2	NOUN
arjefm-89	322	9	0.9471	0.9471	NUM
arjefm-89	322	10	sc	sc	PROPN
arjefm-89	322	11	0.6236	0.6236	NUM
arjefm-89	322	12	0.2113	0.2113	NUM
arjefm-89	322	13	0.5231	0.5231	NUM
arjefm-89	322	14	0.7944	0.7944	NUM
arjefm-89	322	15	0.7808	0.7808	NUM
arjefm-89	322	16	0.3942	0.3942	NUM
arjefm-89	322	17	0.5645	0.5645	NUM
arjefm-89	322	18	het	het	NOUN
arjefm-89	322	19	0.5399	0.5399	NUM
arjefm-89	323	1	0.1352	0.1352	NUM
arjefm-89	323	2	0.1014	0.1014	NUM
arjefm-89	323	3	0.1089	0.1089	NUM
arjefm-89	323	4	0.089	0.089	NUM
arjefm-89	323	5	0.0803	0.0803	NUM
arjefm-89	323	6	0.0057	0.0057	NUM
arjefm-89	323	7	source	source	NOUN
arjefm-89	323	8	:	:	PUNCT
arjefm-89	323	9	author	author	NOUN
arjefm-89	323	10	’s	’s	PART
arjefm-89	323	11	compilation	compilation	NOUN
arjefm-89	323	12	from	from	ADP
arjefm-89	323	13	eviews	eview	NOUN
arjefm-89	323	14	*	*	PUNCT
arjefm-89	323	15	*	*	PUNCT
arjefm-89	323	16	*	*	PUNCT
arjefm-89	323	17	,	,	PUNCT
arjefm-89	323	18	*	*	PUNCT
arjefm-89	323	19	*	*	PUNCT
arjefm-89	323	20	and	and	CCONJ
arjefm-89	323	21	*	*	PUNCT
arjefm-89	323	22	denote	denote	NOUN
arjefm-89	323	23	significance	significance	NOUN
arjefm-89	323	24	at	at	ADP
arjefm-89	323	25	1	1	NUM
arjefm-89	323	26	%	%	NOUN
arjefm-89	323	27	,	,	PUNCT
arjefm-89	323	28	5	5	NUM
arjefm-89	323	29	%	%	NOUN
arjefm-89	323	30	and	and	CCONJ
arjefm-89	323	31	10	10	NUM
arjefm-89	323	32	%	%	NOUN
arjefm-89	323	33	levels	level	NOUN
arjefm-89	323	34	,	,	PUNCT
arjefm-89	323	35	respectively	respectively	ADV
arjefm-89	323	36	.	.	PUNCT
arjefm-89	324	1	4.3	4.3	NUM
arjefm-89	324	2	response	response	NOUN
arjefm-89	324	3	from	from	ADP
arjefm-89	324	4	the	the	DET
arjefm-89	324	5	policy	policy	NOUN
arjefm-89	324	6	rate	rate	NOUN
arjefm-89	324	7	to	to	ADP
arjefm-89	324	8	the	the	DET
arjefm-89	324	9	retail	retail	ADJ
arjefm-89	324	10	lending	lending	NOUN
arjefm-89	324	11	and	and	CCONJ
arjefm-89	324	12	deposit	deposit	NOUN
arjefm-89	324	13	rates	rate	NOUN
arjefm-89	324	14	the	the	DET
arjefm-89	324	15	final	final	ADJ
arjefm-89	324	16	aspect	aspect	NOUN
arjefm-89	324	17	of	of	ADP
arjefm-89	324	18	these	these	DET
arjefm-89	324	19	analyses	analysis	NOUN
arjefm-89	324	20	examines	examine	VERB
arjefm-89	324	21	the	the	DET
arjefm-89	324	22	pass	pass	NOUN
arjefm-89	324	23	-	-	PUNCT
arjefm-89	324	24	through	through	NOUN
arjefm-89	324	25	from	from	ADP
arjefm-89	324	26	the	the	DET
arjefm-89	324	27	policy	policy	NOUN
arjefm-89	324	28	rate	rate	NOUN
arjefm-89	324	29	to	to	ADP
arjefm-89	324	30	the	the	DET
arjefm-89	324	31	retail	retail	ADJ
arjefm-89	324	32	lending	lending	NOUN
arjefm-89	324	33	and	and	CCONJ
arjefm-89	324	34	deposit	deposit	NOUN
arjefm-89	324	35	rates	rate	NOUN
arjefm-89	324	36	.	.	PUNCT
arjefm-89	325	1	first	first	ADV
arjefm-89	325	2	,	,	PUNCT
arjefm-89	325	3	the	the	DET
arjefm-89	325	4	bound	bound	ADJ
arjefm-89	325	5	test	test	NOUN
arjefm-89	325	6	results	result	NOUN
arjefm-89	325	7	in	in	ADP
arjefm-89	325	8	table	table	NOUN
arjefm-89	325	9	10	10	NUM
arjefm-89	325	10	showed	show	VERB
arjefm-89	325	11	that	that	SCONJ
arjefm-89	325	12	there	there	PRON
arjefm-89	325	13	was	be	VERB
arjefm-89	325	14	no	no	DET
arjefm-89	325	15	long	long	ADV
arjefm-89	325	16	-	-	PUNCT
arjefm-89	325	17	run	run	NOUN
arjefm-89	325	18	relationship	relationship	NOUN
arjefm-89	325	19	among	among	ADP
arjefm-89	325	20	the	the	DET
arjefm-89	325	21	observed	observed	ADJ
arjefm-89	325	22	variables	variable	NOUN
arjefm-89	325	23	.	.	PUNCT
arjefm-89	326	1	table	table	NOUN
arjefm-89	326	2	10	10	NUM
arjefm-89	326	3	:	:	PUNCT
arjefm-89	326	4	bound	bind	VERB
arjefm-89	326	5	test	test	NOUN
arjefm-89	326	6	result	result	NOUN
arjefm-89	326	7	from	from	ADP
arjefm-89	326	8	policy	policy	NOUN
arjefm-89	326	9	rate	rate	NOUN
arjefm-89	326	10	to	to	ADP
arjefm-89	326	11	retail	retail	ADJ
arjefm-89	326	12	lending	lending	NOUN
arjefm-89	326	13	and	and	CCONJ
arjefm-89	326	14	deposit	deposit	NOUN
arjefm-89	326	15	rate	rate	NOUN
arjefm-89	326	16	sdr	sdr	PROPN
arjefm-89	327	1	1mdr	1mdr	PROPN
arjefm-89	327	2	3mdr	3mdr	NUM
arjefm-89	327	3	6mdr	6mdr	NUM
arjefm-89	327	4	12mdr	12mdr	PROPN
arjefm-89	327	5	plr	plr	NOUN
arjefm-89	327	6	mlr	mlr	NOUN
arjefm-89	327	7	f	f	PROPN
arjefm-89	327	8	-	-	PUNCT
arjefm-89	327	9	statistic	statistic	NOUN
arjefm-89	327	10	4.28	4.28	NUM
arjefm-89	327	11	4.01	4.01	NUM
arjefm-89	327	12	3.44	3.44	NUM
arjefm-89	327	13	2.85	2.85	NUM
arjefm-89	327	14	4.31	4.31	NUM
arjefm-89	327	15	3.94	3.94	NUM
arjefm-89	327	16	3.01	3.01	NUM
arjefm-89	327	17	lower(1	lower(1	ADJ
arjefm-89	327	18	%	%	NOUN
arjefm-89	327	19	)	)	PUNCT
arjefm-89	327	20	6.84	6.84	NUM
arjefm-89	327	21	6.84	6.84	NUM
arjefm-89	327	22	6.84	6.84	NUM
arjefm-89	327	23	6.84	6.84	NUM
arjefm-89	327	24	6.84	6.84	NUM
arjefm-89	327	25	6.84	6.84	NUM
arjefm-89	327	26	6.84	6.84	NUM
arjefm-89	327	27	upper(1	upper(1	PROPN
arjefm-89	327	28	%	%	NOUN
arjefm-89	327	29	)	)	PUNCT
arjefm-89	327	30	7.84	7.84	NUM
arjefm-89	327	31	7.84	7.84	NUM
arjefm-89	327	32	7.84	7.84	NUM
arjefm-89	327	33	7.84	7.84	NUM
arjefm-89	327	34	7.84	7.84	NUM
arjefm-89	327	35	7.84	7.84	NUM
arjefm-89	327	36	7.84	7.84	NUM
arjefm-89	327	37	lower(5	lower(5	NOUN
arjefm-89	327	38	%	%	NOUN
arjefm-89	327	39	)	)	PUNCT
arjefm-89	327	40	4.94	4.94	NUM
arjefm-89	327	41	4.94	4.94	NUM
arjefm-89	327	42	4.94	4.94	NUM
arjefm-89	327	43	4.94	4.94	NUM
arjefm-89	327	44	4.94	4.94	NUM
arjefm-89	327	45	4.94	4.94	NUM
arjefm-89	327	46	4.94	4.94	NUM
arjefm-89	327	47	upper(5	upper(5	PROPN
arjefm-89	327	48	%	%	NOUN
arjefm-89	327	49	)	)	PUNCT
arjefm-89	327	50	5.73	5.73	NUM
arjefm-89	327	51	5.73	5.73	NUM
arjefm-89	327	52	5.73	5.73	NUM
arjefm-89	327	53	5.73	5.73	NUM
arjefm-89	327	54	5.73	5.73	NUM
arjefm-89	327	55	5.73	5.73	NUM
arjefm-89	327	56	5.73	5.73	NUM
arjefm-89	327	57	cointegration	cointegration	NOUN
arjefm-89	327	58	no	no	INTJ
arjefm-89	328	1	no	no	INTJ
arjefm-89	328	2	no	no	INTJ
arjefm-89	329	1	no	no	INTJ
arjefm-89	329	2	no	no	INTJ
arjefm-89	330	1	no	no	INTJ
arjefm-89	330	2	no	no	DET
arjefm-89	330	3	source	source	NOUN
arjefm-89	330	4	:	:	PUNCT
arjefm-89	330	5	author	author	NOUN
arjefm-89	330	6	’s	’s	PART
arjefm-89	330	7	compilation	compilation	NOUN
arjefm-89	330	8	from	from	ADP
arjefm-89	330	9	eviews	eviews	PROPN
arjefm-89	330	10	the	the	DET
arjefm-89	330	11	short	short	ADJ
arjefm-89	330	12	-	-	PUNCT
arjefm-89	330	13	run	run	NOUN
arjefm-89	330	14	results	result	NOUN
arjefm-89	330	15	show	show	VERB
arjefm-89	330	16	that	that	SCONJ
arjefm-89	330	17	the	the	DET
arjefm-89	330	18	pass	pass	NOUN
arjefm-89	330	19	-	-	PUNCT
arjefm-89	330	20	through	through	NOUN
arjefm-89	330	21	from	from	ADP
arjefm-89	330	22	the	the	DET
arjefm-89	330	23	policy	policy	NOUN
arjefm-89	330	24	rate	rate	NOUN
arjefm-89	330	25	to	to	ADP
arjefm-89	330	26	the	the	DET
arjefm-89	330	27	retail	retail	ADJ
arjefm-89	330	28	lending	lending	NOUN
arjefm-89	330	29	and	and	CCONJ
arjefm-89	330	30	deposit	deposit	NOUN
arjefm-89	330	31	rates	rate	NOUN
arjefm-89	330	32	is	be	AUX
arjefm-89	330	33	incomplete	incomplete	ADJ
arjefm-89	330	34	and	and	CCONJ
arjefm-89	330	35	characterized	characterize	VERB
arjefm-89	330	36	by	by	ADP
arjefm-89	330	37	a	a	DET
arjefm-89	330	38	lower	low	ADJ
arjefm-89	330	39	degree	degree	NOUN
arjefm-89	330	40	of	of	ADP
arjefm-89	330	41	pass	pass	NOUN
arjefm-89	330	42	-	-	PUNCT
arjefm-89	330	43	through	through	NOUN
arjefm-89	330	44	from	from	ADP
arjefm-89	330	45	the	the	DET
arjefm-89	330	46	policy	policy	NOUN
arjefm-89	330	47	rate	rate	NOUN
arjefm-89	330	48	to	to	ADP
arjefm-89	330	49	the	the	DET
arjefm-89	330	50	retail	retail	ADJ
arjefm-89	330	51	rates	rate	NOUN
arjefm-89	330	52	.	.	PUNCT
arjefm-89	331	1	this	this	DET
arjefm-89	331	2	outcome	outcome	NOUN
arjefm-89	331	3	of	of	ADP
arjefm-89	331	4	an	an	DET
arjefm-89	331	5	incomplete	incomplete	ADJ
arjefm-89	331	6	pass	pass	NOUN
arjefm-89	331	7	-	-	PUNCT
arjefm-89	331	8	through	through	NOUN
arjefm-89	331	9	corroborates	corroborate	VERB
arjefm-89	331	10	the	the	DET
arjefm-89	331	11	outcome	outcome	NOUN
arjefm-89	331	12	generated	generate	VERB
arjefm-89	331	13	from	from	ADP
arjefm-89	331	14	the	the	DET
arjefm-89	331	15	passthrough	passthrough	NOUN
arjefm-89	331	16	from	from	ADP
arjefm-89	331	17	the	the	DET
arjefm-89	331	18	policy	policy	NOUN
arjefm-89	331	19	rate	rate	NOUN
arjefm-89	331	20	to	to	ADP
arjefm-89	331	21	the	the	DET
arjefm-89	331	22	interbank	interbank	NOUN
arjefm-89	331	23	rate	rate	NOUN
arjefm-89	331	24	,	,	PUNCT
arjefm-89	331	25	albeit	albeit	SCONJ
arjefm-89	331	26	to	to	ADP
arjefm-89	331	27	a	a	DET
arjefm-89	331	28	lower	low	ADJ
arjefm-89	331	29	degree	degree	NOUN
arjefm-89	331	30	this	this	DET
arjefm-89	331	31	time	time	NOUN
arjefm-89	331	32	around	around	ADV
arjefm-89	331	33	.	.	PUNCT
arjefm-89	332	1	the	the	DET
arjefm-89	332	2	error	error	NOUN
arjefm-89	332	3	correction	correction	NOUN
arjefm-89	332	4	terms	term	NOUN
arjefm-89	332	5	also	also	ADV
arjefm-89	332	6	suggest	suggest	VERB
arjefm-89	332	7	that	that	SCONJ
arjefm-89	332	8	the	the	DET
arjefm-89	332	9	savings	saving	NOUN
arjefm-89	332	10	,	,	PUNCT
arjefm-89	332	11	one	one	NUM
arjefm-89	332	12	month	month	NOUN
arjefm-89	332	13	,	,	PUNCT
arjefm-89	332	14	three	three	NUM
arjefm-89	332	15	months	month	NOUN
arjefm-89	332	16	,	,	PUNCT
arjefm-89	332	17	and	and	CCONJ
arjefm-89	332	18	six	six	NUM
arjefm-89	332	19	months	month	NOUN
arjefm-89	332	20	deposit	deposit	NOUN
arjefm-89	332	21	rates	rate	NOUN
arjefm-89	332	22	adjust	adjust	VERB
arjefm-89	332	23	at	at	ADP
arjefm-89	332	24	a	a	DET
arjefm-89	332	25	slow	slow	ADJ
arjefm-89	332	26	speed	speed	NOUN
arjefm-89	332	27	of	of	ADP
arjefm-89	332	28	5	5	NUM
arjefm-89	332	29	%	%	NOUN
arjefm-89	332	30	,	,	PUNCT
arjefm-89	332	31	while	while	SCONJ
arjefm-89	332	32	the	the	DET
arjefm-89	332	33	twelve	twelve	NUM
arjefm-89	332	34	months	month	NOUN
arjefm-89	332	35	deposit	deposit	NOUN
arjefm-89	332	36	rate	rate	NOUN
arjefm-89	332	37	and	and	CCONJ
arjefm-89	332	38	the	the	DET
arjefm-89	332	39	prime	prime	ADJ
arjefm-89	332	40	lending	lending	NOUN
arjefm-89	332	41	rate	rate	NOUN
arjefm-89	332	42	adjust	adjust	VERB
arjefm-89	332	43	at	at	ADP
arjefm-89	332	44	a	a	DET
arjefm-89	332	45	slow	slow	ADJ
arjefm-89	332	46	speed	speed	NOUN
arjefm-89	332	47	of	of	ADP
arjefm-89	332	48	9	9	NUM
arjefm-89	332	49	%	%	NOUN
arjefm-89	332	50	.	.	PUNCT
arjefm-89	333	1	however	however	ADV
arjefm-89	333	2	,	,	PUNCT
arjefm-89	333	3	the	the	DET
arjefm-89	333	4	maximum	maximum	ADJ
arjefm-89	333	5	lending	lending	NOUN
arjefm-89	333	6	rate	rate	NOUN
arjefm-89	333	7	adjusts	adjust	VERB
arjefm-89	333	8	at	at	ADP
arjefm-89	333	9	a	a	DET
arjefm-89	333	10	slow	slow	ADJ
arjefm-89	333	11	speed	speed	NOUN
arjefm-89	333	12	of	of	ADP
arjefm-89	333	13	3	3	NUM
arjefm-89	333	14	%	%	NOUN
arjefm-89	333	15	.	.	PUNCT
arjefm-89	334	1	the	the	DET
arjefm-89	334	2	positive	positive	ADJ
arjefm-89	334	3	and	and	CCONJ
arjefm-89	334	4	negative	negative	ADJ
arjefm-89	334	5	corrections	correction	NOUN
arjefm-89	334	6	terms	term	NOUN
arjefm-89	334	7	of	of	ADP
arjefm-89	334	8	one	one	NUM
arjefm-89	334	9	month	month	NOUN
arjefm-89	334	10	,	,	PUNCT
arjefm-89	334	11	three	three	NUM
arjefm-89	334	12	months	month	NOUN
arjefm-89	334	13	,	,	PUNCT
arjefm-89	334	14	and	and	CCONJ
arjefm-89	334	15	six	six	NUM
arjefm-89	334	16	months	month	NOUN
arjefm-89	334	17	deposit	deposit	NOUN
arjefm-89	334	18	rates	rate	NOUN
arjefm-89	334	19	suggest	suggest	VERB
arjefm-89	334	20	that	that	SCONJ
arjefm-89	334	21	these	these	DET
arjefm-89	334	22	rates	rate	NOUN
arjefm-89	334	23	adjust	adjust	VERB
arjefm-89	334	24	completely	completely	ADV
arjefm-89	334	25	to	to	ADP
arjefm-89	334	26	a	a	DET
arjefm-89	334	27	change	change	NOUN
arjefm-89	334	28	in	in	ADP
arjefm-89	334	29	the	the	DET
arjefm-89	334	30	policy	policy	NOUN
arjefm-89	334	31	rate	rate	NOUN
arjefm-89	334	32	either	either	CCONJ
arjefm-89	334	33	upwards	upwards	ADV
arjefm-89	334	34	or	or	CCONJ
arjefm-89	334	35	downwards	downward	NOUN
arjefm-89	334	36	,	,	PUNCT
arjefm-89	334	37	while	while	SCONJ
arjefm-89	334	38	the	the	DET
arjefm-89	334	39	six	six	NUM
arjefm-89	334	40	months	month	NOUN
arjefm-89	334	41	and	and	CCONJ
arjefm-89	334	42	twelve	twelve	NUM
arjefm-89	334	43	months	month	NOUN
arjefm-89	334	44	deposit	deposit	NOUN
arjefm-89	334	45	rates	rate	NOUN
arjefm-89	334	46	adjust	adjust	VERB
arjefm-89	334	47	strongly	strongly	ADV
arjefm-89	334	48	to	to	ADP
arjefm-89	334	49	a	a	DET
arjefm-89	334	50	change	change	NOUN
arjefm-89	334	51	in	in	ADP
arjefm-89	334	52	the	the	DET
arjefm-89	334	53	policy	policy	NOUN
arjefm-89	334	54	rate	rate	NOUN
arjefm-89	334	55	either	either	CCONJ
arjefm-89	334	56	upwards	upwards	ADV
arjefm-89	334	57	or	or	CCONJ
arjefm-89	334	58	downwards	downward	NOUN
arjefm-89	334	59	.	.	PUNCT
arjefm-89	335	1	however	however	ADV
arjefm-89	335	2	,	,	PUNCT
arjefm-89	335	3	the	the	DET
arjefm-89	335	4	lending	lending	NOUN
arjefm-89	335	5	rates	rate	NOUN
arjefm-89	335	6	(	(	PUNCT
arjefm-89	335	7	prime	prime	ADJ
arjefm-89	335	8	and	and	CCONJ
arjefm-89	335	9	maximum	maximum	ADJ
arjefm-89	335	10	lending	lending	NOUN
arjefm-89	335	11	rates	rate	NOUN
arjefm-89	335	12	)	)	PUNCT
arjefm-89	335	13	adjust	adjust	VERB
arjefm-89	335	14	slowly	slowly	ADV
arjefm-89	335	15	to	to	ADP
arjefm-89	335	16	an	an	DET
arjefm-89	335	17	upward	upward	ADJ
arjefm-89	335	18	or	or	CCONJ
arjefm-89	335	19	downward	downward	ADJ
arjefm-89	335	20	change	change	NOUN
arjefm-89	335	21	in	in	ADP
arjefm-89	335	22	the	the	DET
arjefm-89	335	23	policy	policy	NOUN
arjefm-89	335	24	rate	rate	NOUN
arjefm-89	335	25	.	.	PUNCT
arjefm-89	336	1	furthermore	furthermore	ADV
arjefm-89	336	2	,	,	PUNCT
arjefm-89	336	3	the	the	DET
arjefm-89	336	4	mean	mean	ADJ
arjefm-89	336	5	adjustment	adjustment	NOUN
arjefm-89	336	6	lags	lag	VERB
arjefm-89	336	7	suggest	suggest	VERB
arjefm-89	336	8	that	that	SCONJ
arjefm-89	336	9	the	the	DET
arjefm-89	336	10	five	five	NUM
arjefm-89	336	11	(	(	PUNCT
arjefm-89	336	12	5	5	NUM
arjefm-89	336	13	)	)	PUNCT
arjefm-89	336	14	deposit	deposit	NOUN
arjefm-89	336	15	rates	rate	NOUN
arjefm-89	336	16	will	will	AUX
arjefm-89	336	17	fully	fully	ADV
arjefm-89	336	18	adjust	adjust	VERB
arjefm-89	336	19	to	to	ADP
arjefm-89	336	20	an	an	DET
arjefm-89	336	21	upward	upward	ADJ
arjefm-89	336	22	or	or	CCONJ
arjefm-89	336	23	downward	downward	ADJ
arjefm-89	336	24	policy	policy	NOUN
arjefm-89	336	25	rate	rate	NOUN
arjefm-89	336	26	change	change	NOUN
arjefm-89	336	27	within	within	ADP
arjefm-89	336	28	a	a	DET
arjefm-89	336	29	month	month	NOUN
arjefm-89	336	30	,	,	PUNCT
arjefm-89	336	31	while	while	SCONJ
arjefm-89	336	32	it	it	PRON
arjefm-89	336	33	will	will	AUX
arjefm-89	336	34	take	take	VERB
arjefm-89	336	35	around	around	ADV
arjefm-89	336	36	three	three	NUM
arjefm-89	336	37	months	month	NOUN
arjefm-89	336	38	for	for	SCONJ
arjefm-89	336	39	the	the	DET
arjefm-89	336	40	maximum	maximum	ADJ
arjefm-89	336	41	lending	lending	NOUN
arjefm-89	336	42	rate	rate	NOUN
arjefm-89	336	43	to	to	PART
arjefm-89	336	44	fully	fully	ADV
arjefm-89	336	45	adjust	adjust	VERB
arjefm-89	336	46	to	to	ADP
arjefm-89	336	47	an	an	DET
arjefm-89	336	48	upward	upward	ADJ
arjefm-89	336	49	change	change	NOUN
arjefm-89	336	50	in	in	ADP
arjefm-89	336	51	the	the	DET
arjefm-89	336	52	policy	policy	NOUN
arjefm-89	336	53	rate	rate	NOUN
arjefm-89	336	54	and	and	CCONJ
arjefm-89	336	55	it	it	PRON
arjefm-89	336	56	will	will	AUX
arjefm-89	336	57	take	take	VERB
arjefm-89	336	58	around	around	ADV
arjefm-89	336	59	10	10	NUM
arjefm-89	336	60	months	month	NOUN
arjefm-89	336	61	for	for	SCONJ
arjefm-89	336	62	the	the	DET
arjefm-89	336	63	maximum	maximum	ADJ
arjefm-89	336	64	lending	lending	NOUN
arjefm-89	336	65	rate	rate	NOUN
arjefm-89	336	66	to	to	PART
arjefm-89	336	67	fully	fully	ADV
arjefm-89	336	68	respond	respond	VERB
arjefm-89	336	69	to	to	ADP
arjefm-89	336	70	a	a	DET
arjefm-89	336	71	downward	downward	ADJ
arjefm-89	336	72	change	change	NOUN
arjefm-89	336	73	in	in	ADP
arjefm-89	336	74	the	the	DET
arjefm-89	336	75	policy	policy	NOUN
arjefm-89	336	76	rate	rate	NOUN
arjefm-89	336	77	.	.	PUNCT
arjefm-89	337	1	this	this	DET
arjefm-89	337	2	result	result	NOUN
arjefm-89	337	3	is	be	AUX
arjefm-89	337	4	also	also	ADV
arjefm-89	337	5	similar	similar	ADJ
arjefm-89	337	6	to	to	ADP
arjefm-89	337	7	the	the	DET
arjefm-89	337	8	outcomes	outcome	NOUN
arjefm-89	337	9	of	of	ADP
arjefm-89	337	10	the	the	DET
arjefm-89	337	11	prime	prime	ADJ
arjefm-89	337	12	lending	lending	NOUN
arjefm-89	337	13	rate	rate	NOUN
arjefm-89	337	14	even	even	ADV
arjefm-89	337	15	though	though	SCONJ
arjefm-89	337	16	it	it	PRON
arjefm-89	337	17	had	have	VERB
arjefm-89	337	18	an	an	DET
arjefm-89	337	19	insignificant	insignificant	ADJ
arjefm-89	337	20	shortrun	shortrun	NOUN
arjefm-89	337	21	result	result	NOUN
arjefm-89	337	22	,	,	PUNCT
arjefm-89	337	23	and	and	CCONJ
arjefm-89	337	24	its	its	PRON
arjefm-89	337	25	negative	negative	ADJ
arjefm-89	337	26	mean	mean	NOUN
arjefm-89	337	27	adjustment	adjustment	NOUN
arjefm-89	337	28	lag	lag	NOUN
arjefm-89	337	29	is	be	AUX
arjefm-89	337	30	around	around	ADV
arjefm-89	337	31	eight	eight	NUM
arjefm-89	337	32	months	month	NOUN
arjefm-89	337	33	.	.	PUNCT
arjefm-89	338	1	finally	finally	ADV
arjefm-89	338	2	,	,	PUNCT
arjefm-89	338	3	the	the	DET
arjefm-89	338	4	wald	wald	NOUN
arjefm-89	338	5	test	test	NOUN
arjefm-89	338	6	suggests	suggest	VERB
arjefm-89	338	7	(	(	PUNCT
arjefm-89	338	8	0.18	0.18	NUM
arjefm-89	338	9	)	)	PUNCT
arjefm-89	338	10	(	(	PUNCT
arjefm-89	338	11	0.00	0.00	NUM
arjefm-89	338	12	)	)	PUNCT
arjefm-89	338	13	*	*	PUNCT
arjefm-89	339	1	*	*	PUNCT
arjefm-89	339	2	*	*	PUNCT
arjefm-89	339	3	(	(	PUNCT
arjefm-89	339	4	0.00	0.00	NUM
arjefm-89	339	5	)	)	PUNCT
arjefm-89	339	6	*	*	PUNCT
arjefm-89	340	1	*	*	PUNCT
arjefm-89	340	2	*	*	PUNCT
arjefm-89	340	3	(	(	PUNCT
arjefm-89	340	4	0.00	0.00	NUM
arjefm-89	340	5	)	)	PUNCT
arjefm-89	340	6	*	*	PUNCT
arjefm-89	341	1	*	*	PUNCT
arjefm-89	341	2	*	*	PUNCT
arjefm-89	341	3	(	(	PUNCT
arjefm-89	341	4	0.00	0.00	NUM
arjefm-89	341	5	)	)	PUNCT
arjefm-89	341	6	*	*	PUNCT
arjefm-89	342	1	*	*	PUNCT
arjefm-89	342	2	*	*	PUNCT
arjefm-89	342	3	(	(	PUNCT
arjefm-89	342	4	0.01	0.01	NUM
arjefm-89	342	5	)	)	PUNCT
arjefm-89	342	6	*	*	PUNCT
arjefm-89	342	7	*	*	PUNCT
arjefm-89	342	8	(	(	PUNCT
arjefm-89	342	9	0.00	0.00	NUM
arjefm-89	342	10	)	)	PUNCT
arjefm-89	342	11	*	*	PUNCT
arjefm-89	343	1	*	*	PUNCT
arjefm-89	343	2	*	*	PUNCT
arjefm-89	343	3	0.9206	0.9206	NUM
arjefm-89	343	4	0.9122	0.9122	NUM
arjefm-89	343	5	0.8821	0.8821	NUM
arjefm-89	343	6	0.7847	0.7847	NUM
arjefm-89	343	7	0.8645	0.8645	NUM
arjefm-89	343	8	0.9823	0.9823	NUM
arjefm-89	343	9	mailto:contact@americaserial.com	mailto:contact@americaserial.com	NOUN
arjefm-89	343	10	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	343	11	american	american	PROPN
arjefm-89	343	12	research	research	PROPN
arjefm-89	343	13	journal	journal	PROPN
arjefm-89	343	14	of	of	ADP
arjefm-89	343	15	economics	economic	NOUN
arjefm-89	343	16	,	,	PUNCT
arjefm-89	343	17	finance	finance	NOUN
arjefm-89	343	18	and	and	CCONJ
arjefm-89	343	19	management	management	NOUN
arjefm-89	343	20	volume	volume	NOUN
arjefm-89	343	21	11	11	NUM
arjefm-89	343	22	issue	issue	NOUN
arjefm-89	343	23	3	3	NUM
arjefm-89	343	24	,	,	PUNCT
arjefm-89	343	25	july	july	PROPN
arjefm-89	343	26	-	-	PUNCT
arjefm-89	343	27	september	september	PROPN
arjefm-89	343	28	2023	2023	NUM
arjefm-89	343	29	issn	issn	PROPN
arjefm-89	343	30	:	:	PUNCT
arjefm-89	343	31	2836	2836	NUM
arjefm-89	343	32	-	-	SYM
arjefm-89	343	33	9416	9416	NUM
arjefm-89	343	34	impact	impact	NOUN
arjefm-89	343	35	factor	factor	NOUN
arjefm-89	343	36	:	:	PUNCT
arjefm-89	343	37	5.57	5.57	NUM
arjefm-89	343	38	journal	journal	NOUN
arjefm-89	343	39	homepage	homepage	NOUN
arjefm-89	343	40	:	:	PUNCT
arjefm-89	343	41	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	343	42	,	,	PUNCT
arjefm-89	343	43	email	email	NOUN
arjefm-89	343	44	:	:	PUNCT
arjefm-89	343	45	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	343	46	official	official	ADJ
arjefm-89	343	47	journal	journal	PROPN
arjefm-89	343	48	of	of	ADP
arjefm-89	343	49	america	america	PROPN
arjefm-89	343	50	serial	serial	PROPN
arjefm-89	343	51	publication	publication	NOUN
arjefm-89	343	52	american	american	PROPN
arjefm-89	343	53	research	research	PROPN
arjefm-89	343	54	journal	journal	PROPN
arjefm-89	343	55	of	of	ADP
arjefm-89	343	56	economics	economic	NOUN
arjefm-89	343	57	,	,	PUNCT
arjefm-89	343	58	finance	finance	NOUN
arjefm-89	343	59	and	and	CCONJ
arjefm-89	343	60	management	management	NOUN
arjefm-89	343	61	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	343	62	,	,	PUNCT
arjefm-89	343	63	email	email	NOUN
arjefm-89	343	64	:	:	PUNCT
arjefm-89	343	65	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	344	1	17	17	NUM
arjefm-89	345	1	|	|	ADV
arjefm-89	345	2	p	p	X
arjefm-89	345	3	a	a	DET
arjefm-89	345	4	g	g	NOUN
arjefm-89	345	5	e	e	NOUN
arjefm-89	345	6	that	that	SCONJ
arjefm-89	345	7	there	there	PRON
arjefm-89	345	8	are	be	VERB
arjefm-89	345	9	asymmetries	asymmetry	NOUN
arjefm-89	345	10	in	in	ADP
arjefm-89	345	11	the	the	DET
arjefm-89	345	12	way	way	NOUN
arjefm-89	345	13	the	the	DET
arjefm-89	345	14	positive	positive	ADJ
arjefm-89	345	15	and	and	CCONJ
arjefm-89	345	16	negative	negative	ADJ
arjefm-89	345	17	correction	correction	NOUN
arjefm-89	345	18	terms	term	NOUN
arjefm-89	345	19	respond	respond	VERB
arjefm-89	345	20	to	to	ADP
arjefm-89	345	21	changes	change	NOUN
arjefm-89	345	22	in	in	ADP
arjefm-89	345	23	the	the	DET
arjefm-89	345	24	policy	policy	NOUN
arjefm-89	345	25	rate	rate	NOUN
arjefm-89	345	26	,	,	PUNCT
arjefm-89	345	27	except	except	SCONJ
arjefm-89	345	28	for	for	ADP
arjefm-89	345	29	the	the	DET
arjefm-89	345	30	twelve	twelve	NUM
arjefm-89	345	31	months	month	NOUN
arjefm-89	345	32	deposit	deposit	NOUN
arjefm-89	345	33	rate	rate	NOUN
arjefm-89	345	34	,	,	PUNCT
arjefm-89	345	35	which	which	PRON
arjefm-89	345	36	suggests	suggest	VERB
arjefm-89	345	37	it	it	PRON
arjefm-89	345	38	takes	take	VERB
arjefm-89	345	39	around	around	ADV
arjefm-89	345	40	ten	ten	NUM
arjefm-89	345	41	months	month	NOUN
arjefm-89	345	42	for	for	SCONJ
arjefm-89	345	43	a	a	DET
arjefm-89	345	44	change	change	NOUN
arjefm-89	345	45	in	in	ADP
arjefm-89	345	46	the	the	DET
arjefm-89	345	47	policy	policy	NOUN
arjefm-89	345	48	rate	rate	NOUN
arjefm-89	345	49	to	to	PART
arjefm-89	345	50	fully	fully	ADV
arjefm-89	345	51	reflect	reflect	VERB
arjefm-89	345	52	on	on	ADP
arjefm-89	345	53	the	the	DET
arjefm-89	345	54	twelve	twelve	NUM
arjefm-89	345	55	months	month	NOUN
arjefm-89	345	56	deposit	deposit	NOUN
arjefm-89	345	57	rate	rate	NOUN
arjefm-89	345	58	.	.	PUNCT
arjefm-89	346	1	these	these	DET
arjefm-89	346	2	outcomes	outcome	NOUN
arjefm-89	346	3	imply	imply	VERB
arjefm-89	346	4	that	that	SCONJ
arjefm-89	346	5	the	the	DET
arjefm-89	346	6	deposit	deposit	NOUN
arjefm-89	346	7	rates	rate	NOUN
arjefm-89	346	8	adjust	adjust	VERB
arjefm-89	346	9	faster	fast	ADV
arjefm-89	346	10	to	to	ADP
arjefm-89	346	11	an	an	DET
arjefm-89	346	12	upward	upward	ADJ
arjefm-89	346	13	or	or	CCONJ
arjefm-89	346	14	downward	downward	ADJ
arjefm-89	346	15	change	change	NOUN
arjefm-89	346	16	in	in	ADP
arjefm-89	346	17	the	the	DET
arjefm-89	346	18	policy	policy	NOUN
arjefm-89	346	19	rate	rate	NOUN
arjefm-89	346	20	compared	compare	VERB
arjefm-89	346	21	to	to	ADP
arjefm-89	346	22	the	the	DET
arjefm-89	346	23	lending	lending	NOUN
arjefm-89	346	24	rates	rate	NOUN
arjefm-89	346	25	.	.	PUNCT
arjefm-89	347	1	table	table	NOUN
arjefm-89	347	2	11	11	NUM
arjefm-89	347	3	:	:	PUNCT
arjefm-89	347	4	summary	summary	NOUN
arjefm-89	347	5	of	of	ADP
arjefm-89	347	6	pass	pass	NOUN
arjefm-89	347	7	-	-	PUNCT
arjefm-89	347	8	through	through	NOUN
arjefm-89	347	9	from	from	ADP
arjefm-89	347	10	policy	policy	NOUN
arjefm-89	347	11	rate	rate	NOUN
arjefm-89	347	12	to	to	ADP
arjefm-89	347	13	retail	retail	ADJ
arjefm-89	347	14	rate	rate	NOUN
arjefm-89	347	15	s	s	NOUN
arjefm-89	347	16	-	-	PUNCT
arjefm-89	347	17	run	run	VERB
arjefm-89	347	18	coeff	coeff	NOUN
arjefm-89	347	19	0.0229	0.0229	NUM
arjefm-89	347	20	0.0409	0.0409	NUM
arjefm-89	347	21	0.0381	0.0381	NUM
arjefm-89	347	22	0.3586	0.3586	NUM
arjefm-89	347	23	0.0792	0.0792	NUM
arjefm-89	347	24	0.0043	0.0043	NUM
arjefm-89	347	25	0.0546	0.0546	NUM
arjefm-89	347	26	pvalue	pvalue	NOUN
arjefm-89	347	27	(	(	PUNCT
arjefm-89	347	28	0.00	0.00	NUM
arjefm-89	347	29	)	)	PUNCT
arjefm-89	347	30	*	*	PUNCT
arjefm-89	348	1	*	*	PUNCT
arjefm-89	348	2	*	*	PUNCT
arjefm-89	348	3	(	(	PUNCT
arjefm-89	348	4	0.08	0.08	NUM
arjefm-89	348	5	)	)	PUNCT
arjefm-89	348	6	*	*	PUNCT
arjefm-89	348	7	(	(	PUNCT
arjefm-89	348	8	0.08	0.08	NUM
arjefm-89	348	9	)	)	PUNCT
arjefm-89	348	10	*	*	PUNCT
arjefm-89	348	11	(	(	PUNCT
arjefm-89	348	12	0.03	0.03	NUM
arjefm-89	348	13	)	)	PUNCT
arjefm-89	348	14	*	*	PUNCT
arjefm-89	348	15	*	*	PUNCT
arjefm-89	348	16	(	(	PUNCT
arjefm-89	348	17	0.07	0.07	NUM
arjefm-89	348	18	)	)	PUNCT
arjefm-89	348	19	*	*	PUNCT
arjefm-89	348	20	(	(	PUNCT
arjefm-89	348	21	0.73	0.73	NUM
arjefm-89	348	22	)	)	PUNCT
arjefm-89	348	23	(	(	PUNCT
arjefm-89	348	24	0.02	0.02	NUM
arjefm-89	348	25	)	)	PUNCT
arjefm-89	348	26	*	*	PUNCT
arjefm-89	348	27	*	*	PUNCT
arjefm-89	348	28	ect	ect	PROPN
arjefm-89	348	29	coeff	coeff	PROPN
arjefm-89	348	30	-0.0483	-0.0483	PROPN
arjefm-89	348	31	-0.0478	-0.0478	PROPN
arjefm-89	348	32	-0.0518	-0.0518	PROPN
arjefm-89	348	33	-0.0504	-0.0504	NOUN
arjefm-89	348	34	-0.095	-0.095	NUM
arjefm-89	348	35	-0.0856	-0.0856	PROPN
arjefm-89	348	36	-0.0321	-0.0321	PROPN
arjefm-89	348	37	pvalue	pvalue	NOUN
arjefm-89	348	38	(	(	PUNCT
arjefm-89	348	39	0.03	0.03	NUM
arjefm-89	348	40	)	)	PUNCT
arjefm-89	348	41	*	*	PUNCT
arjefm-89	348	42	*	*	PUNCT
arjefm-89	348	43	(	(	PUNCT
arjefm-89	348	44	0.05	0.05	NUM
arjefm-89	348	45	)	)	PUNCT
arjefm-89	348	46	*	*	PUNCT
arjefm-89	348	47	*	*	PUNCT
arjefm-89	348	48	(	(	PUNCT
arjefm-89	348	49	0.04	0.04	NUM
arjefm-89	348	50	)	)	PUNCT
arjefm-89	348	51	*	*	PUNCT
arjefm-89	349	1	*	*	PUNCT
arjefm-89	349	2	(	(	PUNCT
arjefm-89	349	3	0.09	0.09	NUM
arjefm-89	349	4	)	)	PUNCT
arjefm-89	349	5	*	*	PUNCT
arjefm-89	349	6	(	(	PUNCT
arjefm-89	349	7	0.02	0.02	NUM
arjefm-89	349	8	)	)	PUNCT
arjefm-89	349	9	*	*	PUNCT
arjefm-89	349	10	*	*	PUNCT
arjefm-89	349	11	(	(	PUNCT
arjefm-89	349	12	0.01	0.01	NUM
arjefm-89	349	13	)	)	PUNCT
arjefm-89	349	14	*	*	PUNCT
arjefm-89	350	1	*	*	PUNCT
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arjefm-89	350	3	(	(	PUNCT
arjefm-89	350	4	0.05	0.05	NUM
arjefm-89	350	5	)	)	PUNCT
arjefm-89	350	6	*	*	PUNCT
arjefm-89	350	7	*	*	PUNCT
arjefm-89	350	8	l	l	NOUN
arjefm-89	350	9	-	-	PUNCT
arjefm-89	350	10	run	run	VERB
arjefm-89	350	11	coeff	coeff	NOUN
arjefm-89	350	12	0.4749	0.4749	NUM
arjefm-89	350	13	0.8552	0.8552	NUM
arjefm-89	350	14	0.7357	0.7357	NUM
arjefm-89	350	15	1.0624	1.0624	NUM
arjefm-89	350	16	0.8337	0.8337	NUM
arjefm-89	350	17	0.0501	0.0501	NUM
arjefm-89	350	18	1.6984	1.6984	NUM
arjefm-89	350	19	pvalue	pvalue	NOUN
arjefm-89	350	20	(	(	PUNCT
arjefm-89	350	21	0.02	0.02	NUM
arjefm-89	350	22	)	)	PUNCT
arjefm-89	350	23	*	*	PUNCT
arjefm-89	350	24	*	*	PUNCT
arjefm-89	350	25	(	(	PUNCT
arjefm-89	350	26	0.22	0.22	NUM
arjefm-89	350	27	)	)	PUNCT
arjefm-89	350	28	(	(	PUNCT
arjefm-89	350	29	0.21	0.21	NUM
arjefm-89	350	30	)	)	PUNCT
arjefm-89	350	31	(	(	PUNCT
arjefm-89	350	32	0.18	0.18	NUM
arjefm-89	350	33	)	)	PUNCT
arjefm-89	350	34	(	(	PUNCT
arjefm-89	350	35	0.13	0.13	NUM
arjefm-89	350	36	)	)	PUNCT
arjefm-89	350	37	(	(	PUNCT
arjefm-89	351	1	0.74	0.74	NUM
arjefm-89	351	2	)	)	PUNCT
arjefm-89	351	3	(	(	PUNCT
arjefm-89	351	4	0.01	0.01	NUM
arjefm-89	351	5	)	)	PUNCT
arjefm-89	351	6	*	*	PUNCT
arjefm-89	352	1	*	*	PUNCT
arjefm-89	352	2	*	*	PUNCT
arjefm-89	352	3	ect+	ect+	PUNCT
arjefm-89	352	4	coeff	coeff	NOUN
arjefm-89	352	5	0.861	0.861	NUM
arjefm-89	352	6	1.0000	1.0000	NUM
arjefm-89	352	7	1.0000	1.0000	NUM
arjefm-89	352	8	1.0000	1.0000	NUM
arjefm-89	352	9	0.9133	0.9133	NUM
arjefm-89	352	10	0.3267	0.3267	NUM
arjefm-89	352	11	0.289	0.289	NUM
arjefm-89	352	12	pvalue	pvalue	NOUN
arjefm-89	352	13	(	(	PUNCT
arjefm-89	352	14	0.00	0.00	NUM
arjefm-89	352	15	)	)	PUNCT
arjefm-89	352	16	*	*	PUNCT
arjefm-89	353	1	*	*	PUNCT
arjefm-89	353	2	*	*	PUNCT
arjefm-89	353	3	(	(	PUNCT
arjefm-89	353	4	0.00	0.00	NUM
arjefm-89	353	5	)	)	PUNCT
arjefm-89	353	6	*	*	PUNCT
arjefm-89	354	1	*	*	PUNCT
arjefm-89	354	2	*	*	PUNCT
arjefm-89	354	3	(	(	PUNCT
arjefm-89	354	4	0.00	0.00	NUM
arjefm-89	354	5	)	)	PUNCT
arjefm-89	354	6	*	*	PUNCT
arjefm-89	355	1	*	*	PUNCT
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arjefm-89	355	3	(	(	PUNCT
arjefm-89	355	4	0.00	0.00	NUM
arjefm-89	355	5	)	)	PUNCT
arjefm-89	355	6	*	*	PUNCT
arjefm-89	356	1	*	*	PUNCT
arjefm-89	356	2	*	*	PUNCT
arjefm-89	356	3	(	(	PUNCT
arjefm-89	356	4	0.00	0.00	NUM
arjefm-89	356	5	)	)	PUNCT
arjefm-89	356	6	*	*	PUNCT
arjefm-89	357	1	*	*	PUNCT
arjefm-89	357	2	*	*	PUNCT
arjefm-89	357	3	(	(	PUNCT
arjefm-89	357	4	0.00	0.00	NUM
arjefm-89	357	5	)	)	PUNCT
arjefm-89	357	6	*	*	PUNCT
arjefm-89	358	1	*	*	PUNCT
arjefm-89	358	2	*	*	PUNCT
arjefm-89	358	3	(	(	PUNCT
arjefm-89	358	4	0.00	0.00	NUM
arjefm-89	358	5	)	)	PUNCT
arjefm-89	358	6	*	*	PUNCT
arjefm-89	358	7	*	*	PUNCT
arjefm-89	358	8	*	*	PUNCT
arjefm-89	358	9	ect	ect	PROPN
arjefm-89	358	10	coeff	coeff	NOUN
arjefm-89	358	11	0.6128	0.6128	NUM
arjefm-89	358	12	1.0000	1.0000	NUM
arjefm-89	358	13	1.0000	1.0000	NUM
arjefm-89	358	14	1.0000	1.0000	NUM
arjefm-89	358	15	0.9415	0.9415	NUM
arjefm-89	358	16	0.1262	0.1262	NUM
arjefm-89	358	17	0.0969	0.0969	NUM
arjefm-89	358	18	pvalue	pvalue	NOUN
arjefm-89	358	19	(	(	PUNCT
arjefm-89	358	20	0.00	0.00	NUM
arjefm-89	358	21	)	)	PUNCT
arjefm-89	358	22	*	*	PUNCT
arjefm-89	359	1	*	*	PUNCT
arjefm-89	359	2	*	*	PUNCT
arjefm-89	359	3	(	(	PUNCT
arjefm-89	359	4	0.00	0.00	NUM
arjefm-89	359	5	)	)	PUNCT
arjefm-89	359	6	*	*	PUNCT
arjefm-89	360	1	*	*	PUNCT
arjefm-89	360	2	*	*	PUNCT
arjefm-89	360	3	(	(	PUNCT
arjefm-89	360	4	0.00	0.00	NUM
arjefm-89	360	5	)	)	PUNCT
arjefm-89	360	6	*	*	PUNCT
arjefm-89	361	1	*	*	PUNCT
arjefm-89	361	2	*	*	PUNCT
arjefm-89	361	3	(	(	PUNCT
arjefm-89	361	4	0.00	0.00	NUM
arjefm-89	361	5	)	)	PUNCT
arjefm-89	361	6	*	*	PUNCT
arjefm-89	362	1	*	*	PUNCT
arjefm-89	362	2	*	*	PUNCT
arjefm-89	362	3	(	(	PUNCT
arjefm-89	362	4	0.00	0.00	NUM
arjefm-89	362	5	)	)	PUNCT
arjefm-89	362	6	*	*	PUNCT
arjefm-89	363	1	*	*	PUNCT
arjefm-89	363	2	*	*	PUNCT
arjefm-89	363	3	(	(	PUNCT
arjefm-89	363	4	0.04	0.04	NUM
arjefm-89	363	5	)	)	PUNCT
arjefm-89	363	6	*	*	PUNCT
arjefm-89	363	7	*	*	PUNCT
arjefm-89	363	8	(	(	PUNCT
arjefm-89	363	9	0.08	0.08	NUM
arjefm-89	363	10	)	)	PUNCT
arjefm-89	363	11	*	*	PUNCT
arjefm-89	363	12	mal	mal	ADJ
arjefm-89	363	13	months	month	NOUN
arjefm-89	363	14	20.23	20.23	NUM
arjefm-89	363	15	20.06	20.06	NUM
arjefm-89	363	16	18.57	18.57	NUM
arjefm-89	363	17	12.73	12.73	NUM
arjefm-89	363	18	9.69	9.69	NUM
arjefm-89	363	19	11.63	11.63	NUM
arjefm-89	363	20	29.45	29.45	NUM
arjefm-89	363	21	mal+	mal+	NOUN
arjefm-89	363	22	months	month	NOUN
arjefm-89	363	23	1.13	1.13	NUM
arjefm-89	363	24	0.96	0.96	NUM
arjefm-89	363	25	0.96	0.96	NUM
arjefm-89	363	26	0.64	0.64	NUM
arjefm-89	363	27	1.01	1.01	NUM
arjefm-89	363	28	3.05	3.05	NUM
arjefm-89	363	29	3.27	3.27	NUM
arjefm-89	363	30	mal	mal	ADJ
arjefm-89	363	31	months	month	NOUN
arjefm-89	363	32	1.59	1.59	NUM
arjefm-89	363	33	0.96	0.96	NUM
arjefm-89	363	34	0.96	0.96	NUM
arjefm-89	363	35	0.64	0.64	NUM
arjefm-89	363	36	0.98	0.98	NUM
arjefm-89	363	37	7.89	7.89	NUM
arjefm-89	363	38	9.76	9.76	NUM
arjefm-89	363	39	wald	wald	NOUN
arjefm-89	363	40	pvalue	pvalue	NOUN
arjefm-89	363	41	(	(	PUNCT
arjefm-89	363	42	0.05	0.05	NUM
arjefm-89	363	43	)	)	PUNCT
arjefm-89	363	44	*	*	PUNCT
arjefm-89	364	1	*	*	PUNCT
arjefm-89	364	2	(	(	PUNCT
arjefm-89	364	3	0.56	0.56	NUM
arjefm-89	364	4	)	)	PUNCT
arjefm-89	364	5	(	(	PUNCT
arjefm-89	364	6	0.02	0.02	NUM
arjefm-89	364	7	)	)	PUNCT
arjefm-89	364	8	*	*	PUNCT
arjefm-89	364	9	*	*	PUNCT
arjefm-89	364	10	(	(	PUNCT
arjefm-89	364	11	0.02	0.02	NUM
arjefm-89	364	12	)	)	PUNCT
arjefm-89	364	13	*	*	PUNCT
arjefm-89	364	14	*	*	PUNCT
arjefm-89	364	15	adj	adj	NOUN
arjefm-89	364	16	-	-	PUNCT
arjefm-89	364	17	r2	r2	NOUN
arjefm-89	364	18	0.9207	0.9207	NUM
arjefm-89	364	19	0.7878	0.7878	NUM
arjefm-89	364	20	0.8627	0.8627	NUM
arjefm-89	364	21	0.9824	0.9824	NUM
arjefm-89	364	22	sc	sc	NOUN
arjefm-89	364	23	0.5134	0.5134	NUM
arjefm-89	364	24	0.4106	0.4106	NUM
arjefm-89	364	25	0.8216	0.8216	NUM
arjefm-89	364	26	0.8928	0.8928	NUM
arjefm-89	364	27	0.7429	0.7429	NUM
arjefm-89	364	28	0.3137	0.3137	NUM
arjefm-89	364	29	0.5337	0.5337	NUM
arjefm-89	364	30	het	het	NOUN
arjefm-89	364	31	0.6166	0.6166	NUM
arjefm-89	364	32	0.1147	0.1147	NUM
arjefm-89	364	33	0.0858	0.0858	NUM
arjefm-89	364	34	0.0002	0.0002	NUM
arjefm-89	364	35	0.0514	0.0514	NUM
arjefm-89	364	36	0.051	0.051	NUM
arjefm-89	364	37	0.0003	0.0003	NUM
arjefm-89	364	38	source	source	NOUN
arjefm-89	364	39	:	:	PUNCT
arjefm-89	364	40	author	author	NOUN
arjefm-89	364	41	’s	’s	PART
arjefm-89	364	42	compilation	compilation	NOUN
arjefm-89	364	43	from	from	ADP
arjefm-89	364	44	eviews	eview	NOUN
arjefm-89	364	45	*	*	PUNCT
arjefm-89	364	46	*	*	PUNCT
arjefm-89	364	47	*	*	PUNCT
arjefm-89	364	48	,	,	PUNCT
arjefm-89	364	49	*	*	PUNCT
arjefm-89	364	50	*	*	PUNCT
arjefm-89	364	51	and	and	CCONJ
arjefm-89	364	52	*	*	PUNCT
arjefm-89	364	53	denote	denote	NOUN
arjefm-89	364	54	significance	significance	NOUN
arjefm-89	364	55	at	at	ADP
arjefm-89	364	56	1	1	NUM
arjefm-89	364	57	%	%	NOUN
arjefm-89	364	58	,	,	PUNCT
arjefm-89	364	59	5	5	NUM
arjefm-89	364	60	%	%	NOUN
arjefm-89	364	61	and	and	CCONJ
arjefm-89	364	62	10	10	NUM
arjefm-89	364	63	%	%	NOUN
arjefm-89	364	64	levels	level	NOUN
arjefm-89	364	65	,	,	PUNCT
arjefm-89	364	66	respectively	respectively	ADV
arjefm-89	364	67	.	.	PUNCT
arjefm-89	365	1	5	5	X
arjefm-89	365	2	.	.	X
arjefm-89	365	3	conclusion	conclusion	NOUN
arjefm-89	365	4	and	and	CCONJ
arjefm-89	365	5	policy	policy	NOUN
arjefm-89	365	6	recommendations	recommendation	NOUN
arjefm-89	365	7	this	this	DET
arjefm-89	365	8	paper	paper	NOUN
arjefm-89	365	9	examines	examine	VERB
arjefm-89	365	10	interest	interest	NOUN
arjefm-89	365	11	rate	rate	NOUN
arjefm-89	365	12	pass	pass	NOUN
arjefm-89	365	13	-	-	PUNCT
arjefm-89	365	14	through	through	NOUN
arjefm-89	365	15	in	in	ADP
arjefm-89	365	16	nigeria	nigeria	PROPN
arjefm-89	365	17	,	,	PUNCT
arjefm-89	365	18	with	with	ADP
arjefm-89	365	19	a	a	DET
arjefm-89	365	20	focus	focus	NOUN
arjefm-89	365	21	on	on	ADP
arjefm-89	365	22	the	the	DET
arjefm-89	365	23	pass	pass	VERB
arjefm-89	365	24	-	-	PUNCT
arjefm-89	365	25	through	through	ADP
arjefm-89	365	26	process	process	NOUN
arjefm-89	365	27	from	from	ADP
arjefm-89	365	28	the	the	DET
arjefm-89	365	29	policy	policy	NOUN
arjefm-89	365	30	rate	rate	NOUN
arjefm-89	365	31	to	to	ADP
arjefm-89	365	32	the	the	DET
arjefm-89	365	33	money	money	NOUN
arjefm-89	365	34	market	market	NOUN
arjefm-89	365	35	and	and	CCONJ
arjefm-89	365	36	retail	retail	ADJ
arjefm-89	365	37	rates	rate	NOUN
arjefm-89	365	38	and	and	CCONJ
arjefm-89	365	39	from	from	ADP
arjefm-89	365	40	the	the	DET
arjefm-89	365	41	money	money	NOUN
arjefm-89	365	42	market	market	NOUN
arjefm-89	365	43	rates	rate	NOUN
arjefm-89	365	44	to	to	ADP
arjefm-89	365	45	the	the	DET
arjefm-89	365	46	retail	retail	ADJ
arjefm-89	365	47	rates	rate	NOUN
arjefm-89	365	48	.	.	PUNCT
arjefm-89	366	1	the	the	DET
arjefm-89	366	2	results	result	NOUN
arjefm-89	366	3	show	show	VERB
arjefm-89	366	4	that	that	SCONJ
arjefm-89	366	5	there	there	PRON
arjefm-89	366	6	were	be	VERB
arjefm-89	366	7	an	an	DET
arjefm-89	366	8	incomplete	incomplete	ADJ
arjefm-89	366	9	short	short	ADJ
arjefm-89	366	10	-	-	PUNCT
arjefm-89	366	11	run	run	NOUN
arjefm-89	366	12	pass	pass	NOUN
arjefm-89	366	13	-	-	PUNCT
arjefm-89	366	14	through	through	NOUN
arjefm-89	366	15	albeit	albeit	SCONJ
arjefm-89	366	16	at	at	ADP
arjefm-89	366	17	a	a	DET
arjefm-89	366	18	higher	high	ADJ
arjefm-89	366	19	degree	degree	NOUN
arjefm-89	366	20	from	from	ADP
arjefm-89	366	21	the	the	DET
arjefm-89	366	22	policy	policy	NOUN
arjefm-89	366	23	rate	rate	NOUN
arjefm-89	366	24	to	to	ADP
arjefm-89	366	25	the	the	DET
arjefm-89	366	26	interbank	interbank	NOUN
arjefm-89	366	27	rate	rate	NOUN
arjefm-89	366	28	,	,	PUNCT
arjefm-89	366	29	while	while	SCONJ
arjefm-89	366	30	in	in	ADP
arjefm-89	366	31	the	the	DET
arjefm-89	366	32	long	long	ADJ
arjefm-89	366	33	run	run	NOUN
arjefm-89	366	34	,	,	PUNCT
arjefm-89	366	35	the	the	DET
arjefm-89	366	36	pass	pass	VERB
arjefm-89	366	37	-	-	PUNCT
arjefm-89	366	38	through	through	ADP
arjefm-89	366	39	process	process	NOUN
arjefm-89	366	40	overshoots	overshoot	NOUN
arjefm-89	366	41	.	.	PUNCT
arjefm-89	367	1	however	however	ADV
arjefm-89	367	2	,	,	PUNCT
arjefm-89	367	3	this	this	DET
arjefm-89	367	4	pass	pass	NOUN
arjefm-89	367	5	-	-	PUNCT
arjefm-89	367	6	through	through	NOUN
arjefm-89	367	7	was	be	AUX
arjefm-89	367	8	found	find	VERB
arjefm-89	367	9	to	to	PART
arjefm-89	367	10	be	be	AUX
arjefm-89	367	11	very	very	ADV
arjefm-89	367	12	low	low	ADJ
arjefm-89	367	13	from	from	ADP
arjefm-89	367	14	the	the	DET
arjefm-89	367	15	policy	policy	NOUN
arjefm-89	367	16	rate	rate	NOUN
arjefm-89	367	17	to	to	ADP
arjefm-89	367	18	the	the	DET
arjefm-89	367	19	retail	retail	ADJ
arjefm-89	367	20	rates	rate	NOUN
arjefm-89	367	21	and	and	CCONJ
arjefm-89	367	22	from	from	ADP
arjefm-89	367	23	var	var	PROPN
arjefm-89	367	24	sdr	sdr	PROPN
arjefm-89	367	25	mdr	mdr	PROPN
arjefm-89	367	26	1	1	NUM
arjefm-89	367	27	mdr	mdr	PROPN
arjefm-89	367	28	3	3	NUM
arjefm-89	367	29	mdr	mdr	PROPN
arjefm-89	367	30	6	6	NUM
arjefm-89	367	31	mdr	mdr	PROPN
arjefm-89	367	32	12	12	NUM
arjefm-89	367	33	plr	plr	NOUN
arjefm-89	367	34	mlr	mlr	NOUN
arjefm-89	367	35	(	(	PUNCT
arjefm-89	367	36	0.01	0.01	NUM
arjefm-89	367	37	)	)	PUNCT
arjefm-89	367	38	*	*	PUNCT
arjefm-89	368	1	*	*	PUNCT
arjefm-89	368	2	*	*	PUNCT
arjefm-89	368	3	(	(	PUNCT
arjefm-89	368	4	0.00	0.00	NUM
arjefm-89	368	5	)	)	PUNCT
arjefm-89	368	6	*	*	PUNCT
arjefm-89	369	1	*	*	PUNCT
arjefm-89	369	2	*	*	PUNCT
arjefm-89	370	1	0.9129	0.9129	NUM
arjefm-89	370	2	0.8853	0.8853	NUM
arjefm-89	370	3	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-89	370	4	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	370	5	american	american	PROPN
arjefm-89	370	6	research	research	PROPN
arjefm-89	370	7	journal	journal	PROPN
arjefm-89	370	8	of	of	ADP
arjefm-89	370	9	economics	economic	NOUN
arjefm-89	370	10	,	,	PUNCT
arjefm-89	370	11	finance	finance	NOUN
arjefm-89	370	12	and	and	CCONJ
arjefm-89	370	13	management	management	NOUN
arjefm-89	370	14	volume	volume	NOUN
arjefm-89	370	15	11	11	NUM
arjefm-89	370	16	issue	issue	NOUN
arjefm-89	370	17	3	3	NUM
arjefm-89	370	18	,	,	PUNCT
arjefm-89	370	19	july	july	PROPN
arjefm-89	370	20	-	-	PUNCT
arjefm-89	370	21	september	september	PROPN
arjefm-89	370	22	2023	2023	NUM
arjefm-89	370	23	issn	issn	PROPN
arjefm-89	370	24	:	:	PUNCT
arjefm-89	370	25	2836	2836	NUM
arjefm-89	370	26	-	-	SYM
arjefm-89	370	27	9416	9416	NUM
arjefm-89	370	28	impact	impact	NOUN
arjefm-89	370	29	factor	factor	NOUN
arjefm-89	370	30	:	:	PUNCT
arjefm-89	370	31	5.57	5.57	NUM
arjefm-89	370	32	journal	journal	NOUN
arjefm-89	370	33	homepage	homepage	NOUN
arjefm-89	370	34	:	:	PUNCT
arjefm-89	370	35	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	370	36	,	,	PUNCT
arjefm-89	370	37	email	email	NOUN
arjefm-89	370	38	:	:	PUNCT
arjefm-89	370	39	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	370	40	official	official	ADJ
arjefm-89	370	41	journal	journal	PROPN
arjefm-89	370	42	of	of	ADP
arjefm-89	370	43	america	america	PROPN
arjefm-89	370	44	serial	serial	PROPN
arjefm-89	370	45	publication	publication	NOUN
arjefm-89	370	46	american	american	PROPN
arjefm-89	370	47	research	research	PROPN
arjefm-89	370	48	journal	journal	PROPN
arjefm-89	370	49	of	of	ADP
arjefm-89	370	50	economics	economic	NOUN
arjefm-89	370	51	,	,	PUNCT
arjefm-89	370	52	finance	finance	NOUN
arjefm-89	370	53	and	and	CCONJ
arjefm-89	370	54	management	management	NOUN
arjefm-89	370	55	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	370	56	,	,	PUNCT
arjefm-89	370	57	email	email	NOUN
arjefm-89	370	58	:	:	PUNCT
arjefm-89	370	59	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	371	1	18	18	NUM
arjefm-89	372	1	|	|	ADV
arjefm-89	372	2	p	p	X
arjefm-89	372	3	a	a	DET
arjefm-89	372	4	g	g	NOUN
arjefm-89	372	5	e	e	NOUN
arjefm-89	372	6	the	the	DET
arjefm-89	372	7	money	money	NOUN
arjefm-89	372	8	market	market	NOUN
arjefm-89	372	9	rates	rate	NOUN
arjefm-89	372	10	to	to	ADP
arjefm-89	372	11	the	the	DET
arjefm-89	372	12	retail	retail	ADJ
arjefm-89	372	13	rates	rate	NOUN
arjefm-89	372	14	.	.	PUNCT
arjefm-89	373	1	the	the	DET
arjefm-89	373	2	mean	mean	ADJ
arjefm-89	373	3	adjustment	adjustment	NOUN
arjefm-89	373	4	lags	lag	NOUN
arjefm-89	373	5	were	be	AUX
arjefm-89	373	6	very	very	ADV
arjefm-89	373	7	low	low	ADJ
arjefm-89	373	8	,	,	PUNCT
arjefm-89	373	9	suggesting	suggest	VERB
arjefm-89	373	10	that	that	SCONJ
arjefm-89	373	11	it	it	PRON
arjefm-89	373	12	takes	take	VERB
arjefm-89	373	13	a	a	DET
arjefm-89	373	14	quicker	quick	ADJ
arjefm-89	373	15	period	period	NOUN
arjefm-89	373	16	(	(	PUNCT
arjefm-89	373	17	in	in	ADP
arjefm-89	373	18	terms	term	NOUN
arjefm-89	373	19	of	of	ADP
arjefm-89	373	20	months	month	NOUN
arjefm-89	373	21	)	)	PUNCT
arjefm-89	373	22	for	for	SCONJ
arjefm-89	373	23	changes	change	NOUN
arjefm-89	373	24	in	in	ADP
arjefm-89	373	25	the	the	DET
arjefm-89	373	26	policy	policy	NOUN
arjefm-89	373	27	rate	rate	NOUN
arjefm-89	373	28	to	to	PART
arjefm-89	373	29	fully	fully	ADV
arjefm-89	373	30	reflect	reflect	VERB
arjefm-89	373	31	in	in	ADP
arjefm-89	373	32	the	the	DET
arjefm-89	373	33	interbank	interbank	NOUN
arjefm-89	373	34	and	and	CCONJ
arjefm-89	373	35	retail	retail	ADJ
arjefm-89	373	36	rates	rate	NOUN
arjefm-89	373	37	.	.	PUNCT
arjefm-89	374	1	finally	finally	ADV
arjefm-89	374	2	,	,	PUNCT
arjefm-89	374	3	compared	compare	VERB
arjefm-89	374	4	to	to	ADP
arjefm-89	374	5	the	the	DET
arjefm-89	374	6	lending	lending	NOUN
arjefm-89	374	7	rates	rate	NOUN
arjefm-89	374	8	,	,	PUNCT
arjefm-89	374	9	the	the	DET
arjefm-89	374	10	deposit	deposit	NOUN
arjefm-89	374	11	rates	rate	NOUN
arjefm-89	374	12	were	be	AUX
arjefm-89	374	13	found	find	VERB
arjefm-89	374	14	to	to	PART
arjefm-89	374	15	respond	respond	VERB
arjefm-89	374	16	more	more	ADV
arjefm-89	374	17	significantly	significantly	ADV
arjefm-89	374	18	,	,	PUNCT
arjefm-89	374	19	albeit	albeit	SCONJ
arjefm-89	374	20	slowly	slowly	ADV
arjefm-89	374	21	to	to	ADP
arjefm-89	374	22	changes	change	NOUN
arjefm-89	374	23	in	in	ADP
arjefm-89	374	24	the	the	DET
arjefm-89	374	25	policy	policy	NOUN
arjefm-89	374	26	rate	rate	NOUN
arjefm-89	374	27	and	and	CCONJ
arjefm-89	374	28	money	money	NOUN
arjefm-89	374	29	market	market	NOUN
arjefm-89	374	30	rates	rate	NOUN
arjefm-89	374	31	,	,	PUNCT
arjefm-89	374	32	also	also	ADV
arjefm-89	374	33	suggesting	suggest	VERB
arjefm-89	374	34	that	that	SCONJ
arjefm-89	374	35	the	the	DET
arjefm-89	374	36	lending	lending	NOUN
arjefm-89	374	37	rates	rate	NOUN
arjefm-89	374	38	are	be	AUX
arjefm-89	374	39	stickier	sticki	ADJ
arjefm-89	374	40	to	to	ADP
arjefm-89	374	41	monetary	monetary	ADJ
arjefm-89	374	42	policy	policy	NOUN
arjefm-89	374	43	changes	change	NOUN
arjefm-89	374	44	.	.	PUNCT
arjefm-89	375	1	from	from	ADP
arjefm-89	375	2	these	these	DET
arjefm-89	375	3	outcomes	outcome	NOUN
arjefm-89	375	4	,	,	PUNCT
arjefm-89	375	5	it	it	PRON
arjefm-89	375	6	can	can	AUX
arjefm-89	375	7	be	be	AUX
arjefm-89	375	8	argued	argue	VERB
arjefm-89	375	9	that	that	SCONJ
arjefm-89	375	10	the	the	DET
arjefm-89	375	11	introduction	introduction	NOUN
arjefm-89	375	12	of	of	ADP
arjefm-89	375	13	the	the	DET
arjefm-89	375	14	policy	policy	NOUN
arjefm-89	375	15	rate	rate	NOUN
arjefm-89	375	16	improved	improve	VERB
arjefm-89	375	17	the	the	DET
arjefm-89	375	18	interbank	interbank	NOUN
arjefm-89	375	19	market	market	NOUN
arjefm-89	375	20	tremendously	tremendously	ADV
arjefm-89	375	21	and	and	CCONJ
arjefm-89	375	22	the	the	DET
arjefm-89	375	23	policy	policy	NOUN
arjefm-89	375	24	reforms	reform	NOUN
arjefm-89	375	25	were	be	AUX
arjefm-89	375	26	significantly	significantly	ADV
arjefm-89	375	27	targeted	target	VERB
arjefm-89	375	28	at	at	ADP
arjefm-89	375	29	reducing	reduce	VERB
arjefm-89	375	30	distortions	distortion	NOUN
arjefm-89	375	31	within	within	ADP
arjefm-89	375	32	the	the	DET
arjefm-89	375	33	interbank	interbank	NOUN
arjefm-89	375	34	market	market	NOUN
arjefm-89	375	35	.	.	PUNCT
arjefm-89	376	1	in	in	ADP
arjefm-89	376	2	essence	essence	NOUN
arjefm-89	376	3	,	,	PUNCT
arjefm-89	376	4	we	we	PRON
arjefm-89	376	5	recommend	recommend	VERB
arjefm-89	376	6	that	that	SCONJ
arjefm-89	376	7	the	the	DET
arjefm-89	376	8	monetary	monetary	ADJ
arjefm-89	376	9	authorities	authority	NOUN
arjefm-89	376	10	critically	critically	ADV
arjefm-89	376	11	appraise	appraise	VERB
arjefm-89	376	12	the	the	DET
arjefm-89	376	13	size	size	NOUN
arjefm-89	376	14	of	of	ADP
arjefm-89	376	15	interest	interest	NOUN
arjefm-89	376	16	rate	rate	NOUN
arjefm-89	376	17	pass	pass	NOUN
arjefm-89	376	18	-	-	PUNCT
arjefm-89	376	19	through	through	NOUN
arjefm-89	376	20	to	to	ADP
arjefm-89	376	21	the	the	DET
arjefm-89	376	22	retail	retail	ADJ
arjefm-89	376	23	and	and	CCONJ
arjefm-89	376	24	money	money	NOUN
arjefm-89	376	25	market	market	NOUN
arjefm-89	376	26	rates	rate	NOUN
arjefm-89	376	27	in	in	ADP
arjefm-89	376	28	light	light	NOUN
arjefm-89	376	29	of	of	ADP
arjefm-89	376	30	the	the	DET
arjefm-89	376	31	heterogeneous	heterogeneous	ADJ
arjefm-89	376	32	response	response	NOUN
arjefm-89	376	33	from	from	ADP
arjefm-89	376	34	the	the	DET
arjefm-89	376	35	policy	policy	NOUN
arjefm-89	376	36	rate	rate	NOUN
arjefm-89	376	37	to	to	ADP
arjefm-89	376	38	the	the	DET
arjefm-89	376	39	retail	retail	ADJ
arjefm-89	376	40	and	and	CCONJ
arjefm-89	376	41	money	money	NOUN
arjefm-89	376	42	market	market	NOUN
arjefm-89	376	43	rates	rate	NOUN
arjefm-89	376	44	and	and	CCONJ
arjefm-89	376	45	the	the	DET
arjefm-89	376	46	adjustment	adjustment	NOUN
arjefm-89	376	47	process	process	NOUN
arjefm-89	376	48	toward	toward	ADP
arjefm-89	376	49	their	their	PRON
arjefm-89	376	50	long	long	ADV
arjefm-89	376	51	-	-	PUNCT
arjefm-89	376	52	run	run	NOUN
arjefm-89	376	53	equilibrium	equilibrium	NOUN
arjefm-89	376	54	.	.	PUNCT
arjefm-89	377	1	also	also	ADV
arjefm-89	377	2	,	,	PUNCT
arjefm-89	377	3	the	the	DET
arjefm-89	377	4	weak	weak	ADJ
arjefm-89	377	5	pass	pass	NOUN
arjefm-89	377	6	-	-	PUNCT
arjefm-89	377	7	through	through	NOUN
arjefm-89	377	8	between	between	ADP
arjefm-89	377	9	the	the	DET
arjefm-89	377	10	money	money	NOUN
arjefm-89	377	11	market	market	NOUN
arjefm-89	377	12	and	and	CCONJ
arjefm-89	377	13	the	the	DET
arjefm-89	377	14	retail	retail	ADJ
arjefm-89	377	15	lending	lending	NOUN
arjefm-89	377	16	and	and	CCONJ
arjefm-89	377	17	deposit	deposit	NOUN
arjefm-89	377	18	rates	rate	NOUN
arjefm-89	377	19	suggests	suggest	VERB
arjefm-89	377	20	that	that	SCONJ
arjefm-89	377	21	other	other	ADJ
arjefm-89	377	22	supplementary	supplementary	ADJ
arjefm-89	377	23	measures	measure	NOUN
arjefm-89	377	24	are	be	AUX
arjefm-89	377	25	necessary	necessary	ADJ
arjefm-89	377	26	to	to	PART
arjefm-89	377	27	remove	remove	VERB
arjefm-89	377	28	the	the	DET
arjefm-89	377	29	distortions	distortion	NOUN
arjefm-89	377	30	in	in	ADP
arjefm-89	377	31	the	the	DET
arjefm-89	377	32	retail	retail	ADJ
arjefm-89	377	33	lending	lending	NOUN
arjefm-89	377	34	and	and	CCONJ
arjefm-89	377	35	deposit	deposit	NOUN
arjefm-89	377	36	rates	rate	NOUN
arjefm-89	377	37	to	to	PART
arjefm-89	377	38	ensure	ensure	VERB
arjefm-89	377	39	that	that	SCONJ
arjefm-89	377	40	the	the	DET
arjefm-89	377	41	retail	retail	ADJ
arjefm-89	377	42	rates	rate	NOUN
arjefm-89	377	43	fully	fully	ADV
arjefm-89	377	44	adjust	adjust	VERB
arjefm-89	377	45	in	in	ADP
arjefm-89	377	46	line	line	NOUN
arjefm-89	377	47	with	with	ADP
arjefm-89	377	48	the	the	DET
arjefm-89	377	49	policy	policy	NOUN
arjefm-89	377	50	rate	rate	NOUN
arjefm-89	377	51	change	change	NOUN
arjefm-89	377	52	and	and	CCONJ
arjefm-89	377	53	other	other	ADJ
arjefm-89	377	54	money	money	NOUN
arjefm-89	377	55	market	market	NOUN
arjefm-89	377	56	rate	rate	NOUN
arjefm-89	377	57	changes	change	NOUN
arjefm-89	377	58	.	.	PUNCT
arjefm-89	378	1	references	reference	NOUN
arjefm-89	378	2	ahmad	ahmad	PROPN
arjefm-89	378	3	,	,	PUNCT
arjefm-89	378	4	a.h	a.h	PROPN
arjefm-89	378	5	.	.	PROPN
arjefm-89	378	6	,	,	PUNCT
arjefm-89	378	7	aziz	aziz	PROPN
arjefm-89	378	8	,	,	PUNCT
arjefm-89	378	9	n.	n.	PROPN
arjefm-89	378	10	&	&	CCONJ
arjefm-89	378	11	rummun	rummun	PROPN
arjefm-89	378	12	,	,	PUNCT
arjefm-89	378	13	s.	s.	PROPN
arjefm-89	378	14	(	(	PUNCT
arjefm-89	378	15	2013	2013	NUM
arjefm-89	378	16	)	)	PUNCT
arjefm-89	378	17	.	.	PUNCT
arjefm-89	379	1	“	"	PUNCT
arjefm-89	379	2	interest	interest	NOUN
arjefm-89	379	3	rate	rate	NOUN
arjefm-89	379	4	pass	pass	NOUN
arjefm-89	379	5	-	-	PUNCT
arjefm-89	379	6	through	through	NOUN
arjefm-89	379	7	in	in	ADP
arjefm-89	379	8	the	the	DET
arjefm-89	379	9	uk	uk	PROPN
arjefm-89	379	10	:	:	PUNCT
arjefm-89	379	11	has	have	VERB
arjefm-89	379	12	the	the	DET
arjefm-89	379	13	transmission	transmission	NOUN
arjefm-89	379	14	mechanism	mechanism	NOUN
arjefm-89	379	15	changed	change	VERB
arjefm-89	379	16	during	during	ADP
arjefm-89	379	17	the	the	DET
arjefm-89	379	18	financial	financial	ADJ
arjefm-89	379	19	crisis	crisis	NOUN
arjefm-89	379	20	?	?	PUNCT
arjefm-89	379	21	”	"	PUNCT
arjefm-89	379	22	economic	economic	ADJ
arjefm-89	379	23	issues	issue	NOUN
arjefm-89	379	24	,	,	PUNCT
arjefm-89	379	25	18(1	18(1	NOUN
arjefm-89	379	26	)	)	PUNCT
arjefm-89	379	27	,	,	PUNCT
arjefm-89	379	28	17	17	NUM
arjefm-89	379	29	–	–	SYM
arjefm-89	379	30	37	37	NUM
arjefm-89	379	31	.	.	PUNCT
arjefm-89	380	1	amatyakul	amatyakul	PROPN
arjefm-89	380	2	,	,	PUNCT
arjefm-89	380	3	p.	p.	PROPN
arjefm-89	380	4	,	,	PUNCT
arjefm-89	380	5	taerat	taerat	PROPN
arjefm-89	380	6	,	,	PUNCT
arjefm-89	380	7	a.	a.	NOUN
arjefm-89	380	8	,	,	PUNCT
arjefm-89	380	9	visudtiko	visudtiko	NOUN
arjefm-89	380	10	,	,	PUNCT
arjefm-89	380	11	n.	n.	NOUN
arjefm-89	380	12	,	,	PUNCT
arjefm-89	380	13	&	&	CCONJ
arjefm-89	380	14	wongwachara	wongwachara	PROPN
arjefm-89	380	15	,	,	PUNCT
arjefm-89	380	16	w.	w.	NOUN
arjefm-89	380	17	(	(	PUNCT
arjefm-89	380	18	2019	2019	NUM
arjefm-89	380	19	)	)	PUNCT
arjefm-89	380	20	.	.	PUNCT
arjefm-89	381	1	“	"	PUNCT
arjefm-89	381	2	interest	interest	NOUN
arjefm-89	381	3	rate	rate	NOUN
arjefm-89	381	4	pass	pass	NOUN
arjefm-89	381	5	-	-	PUNCT
arjefm-89	381	6	through	through	NOUN
arjefm-89	381	7	in	in	ADP
arjefm-89	381	8	thailand	thailand	PROPN
arjefm-89	381	9	:	:	PUNCT
arjefm-89	381	10	new	new	ADJ
arjefm-89	381	11	evidence	evidence	NOUN
arjefm-89	381	12	from	from	ADP
arjefm-89	381	13	loan	loan	NOUN
arjefm-89	381	14	-	-	PUNCT
arjefm-89	381	15	level	level	NOUN
arjefm-89	381	16	data	datum	NOUN
arjefm-89	381	17	”	"	PUNCT
arjefm-89	381	18	monetary	monetary	ADJ
arjefm-89	381	19	policy	policy	NOUN
arjefm-89	381	20	department	department	NOUN
arjefm-89	381	21	,	,	PUNCT
arjefm-89	381	22	bank	bank	PROPN
arjefm-89	381	23	of	of	ADP
arjefm-89	381	24	thailand	thailand	PROPN
arjefm-89	381	25	,	,	PUNCT
arjefm-89	381	26	1	1	NUM
arjefm-89	381	27	–	–	SYM
arjefm-89	381	28	29	29	NUM
arjefm-89	381	29	.	.	PUNCT
arjefm-89	382	1	ansari	ansari	PROPN
arjefm-89	382	2	,	,	PUNCT
arjefm-89	382	3	j.	j.	PROPN
arjefm-89	382	4	(	(	PUNCT
arjefm-89	382	5	2013	2013	NUM
arjefm-89	382	6	)	)	PUNCT
arjefm-89	382	7	.	.	PUNCT
arjefm-89	383	1	“	"	PUNCT
arjefm-89	383	2	a	a	DET
arjefm-89	383	3	theoretical	theoretical	ADJ
arjefm-89	383	4	and	and	CCONJ
arjefm-89	383	5	empirical	empirical	ADJ
arjefm-89	383	6	analysis	analysis	NOUN
arjefm-89	383	7	of	of	ADP
arjefm-89	383	8	interest	interest	NOUN
arjefm-89	383	9	rate	rate	NOUN
arjefm-89	383	10	pass	pass	NOUN
arjefm-89	383	11	-	-	PUNCT
arjefm-89	383	12	through	through	NOUN
arjefm-89	383	13	in	in	ADP
arjefm-89	383	14	india	india	PROPN
arjefm-89	383	15	with	with	ADP
arjefm-89	383	16	regulatory	regulatory	ADJ
arjefm-89	383	17	requirements”beykent	requirements”beykent	PROPN
arjefm-89	383	18	university	university	NOUN
arjefm-89	383	19	journal	journal	NOUN
arjefm-89	383	20	of	of	ADP
arjefm-89	383	21	social	social	ADJ
arjefm-89	383	22	sciences	science	NOUN
arjefm-89	383	23	–	–	PUNCT
arjefm-89	383	24	bujss	bujss	NOUN
arjefm-89	383	25	,	,	PUNCT
arjefm-89	383	26	6(2	6(2	NUM
arjefm-89	383	27	)	)	PUNCT
arjefm-89	383	28	,	,	PUNCT
arjefm-89	383	29	83	83	NUM
arjefm-89	383	30	–	–	SYM
arjefm-89	383	31	104	104	NUM
arjefm-89	383	32	.	.	PUNCT
arjefm-89	383	33	antão	antão	PROPN
arjefm-89	383	34	,	,	PUNCT
arjefm-89	383	35	p.	p.	NOUN
arjefm-89	383	36	(	(	PUNCT
arjefm-89	383	37	2009	2009	NUM
arjefm-89	383	38	)	)	PUNCT
arjefm-89	383	39	.	.	PUNCT
arjefm-89	384	1	“	"	PUNCT
arjefm-89	384	2	the	the	DET
arjefm-89	384	3	interest	interest	NOUN
arjefm-89	384	4	rate	rate	NOUN
arjefm-89	384	5	pass	pass	NOUN
arjefm-89	384	6	-	-	PUNCT
arjefm-89	384	7	through	through	NOUN
arjefm-89	384	8	of	of	ADP
arjefm-89	384	9	the	the	DET
arjefm-89	384	10	portuguese	portuguese	ADJ
arjefm-89	384	11	banking	banking	NOUN
arjefm-89	384	12	system	system	NOUN
arjefm-89	384	13	:	:	PUNCT
arjefm-89	384	14	characterization	characterization	NOUN
arjefm-89	384	15	and	and	CCONJ
arjefm-89	384	16	determinants	determinant	NOUN
arjefm-89	384	17	”	"	PUNCT
arjefm-89	384	18	banco	banco	PROPN
arjefm-89	384	19	de	de	PROPN
arjefm-89	384	20	portugal	portugal	PROPN
arjefm-89	384	21	,	,	PUNCT
arjefm-89	384	22	estudos	estudo	NOUN
arjefm-89	384	23	e	e	X
arjefm-89	384	24	documentos	documentos	PROPN
arjefm-89	384	25	de	de	PROPN
arjefm-89	384	26	trabalhoworking	trabalhoworke	VERB
arjefm-89	384	27	papers	paper	NOUN
arjefm-89	384	28	,	,	PUNCT
arjefm-89	384	29	1	1	NUM
arjefm-89	384	30	–	–	SYM
arjefm-89	384	31	44	44	NUM
arjefm-89	384	32	.	.	PUNCT
arjefm-89	385	1	aziakpono	aziakpono	PROPN
arjefm-89	385	2	,	,	PUNCT
arjefm-89	385	3	m.	m.	NOUN
arjefm-89	385	4	j.	j.	PROPN
arjefm-89	385	5	and	and	CCONJ
arjefm-89	385	6	wilson	wilson	PROPN
arjefm-89	385	7	,	,	PUNCT
arjefm-89	385	8	m.	m.	PROPN
arjefm-89	385	9	k.	k.	PROPN
arjefm-89	385	10	(	(	PUNCT
arjefm-89	385	11	2013	2013	NUM
arjefm-89	385	12	)	)	PUNCT
arjefm-89	385	13	.	.	PUNCT
arjefm-89	386	1	“	"	PUNCT
arjefm-89	386	2	interest	interest	NOUN
arjefm-89	386	3	rate	rate	NOUN
arjefm-89	386	4	pass	pass	NOUN
arjefm-89	386	5	-	-	PUNCT
arjefm-89	386	6	through	through	NOUN
arjefm-89	386	7	and	and	CCONJ
arjefm-89	386	8	monetary	monetary	ADJ
arjefm-89	386	9	policy	policy	NOUN
arjefm-89	386	10	regimes	regime	NOUN
arjefm-89	386	11	in	in	ADP
arjefm-89	386	12	south	south	PROPN
arjefm-89	386	13	africa	africa	PROPN
arjefm-89	386	14	”	"	PUNCT
arjefm-89	386	15	aerc	aerc	PROPN
arjefm-89	386	16	research	research	NOUN
arjefm-89	386	17	paperno	paperno	NOUN
arjefm-89	386	18	.	.	PUNCT
arjefm-89	387	1	259	259	NUM
arjefm-89	387	2	,	,	PUNCT
arjefm-89	387	3	1	1	NUM
arjefm-89	387	4	–	–	SYM
arjefm-89	387	5	67	67	NUM
arjefm-89	387	6	.	.	PUNCT
arjefm-89	387	7	bangura	bangura	NOUN
arjefm-89	387	8	,	,	PUNCT
arjefm-89	387	9	l.	l.	PROPN
arjefm-89	387	10	(	(	PUNCT
arjefm-89	387	11	2011	2011	NUM
arjefm-89	387	12	)	)	PUNCT
arjefm-89	387	13	.	.	PUNCT
arjefm-89	388	1	“	"	PUNCT
arjefm-89	388	2	adjustment	adjustment	NOUN
arjefm-89	388	3	of	of	ADP
arjefm-89	388	4	commercial	commercial	ADJ
arjefm-89	388	5	banks	bank	NOUN
arjefm-89	388	6	interest	interest	NOUN
arjefm-89	388	7	rates	rate	NOUN
arjefm-89	388	8	and	and	CCONJ
arjefm-89	388	9	the	the	DET
arjefm-89	388	10	effectiveness	effectiveness	NOUN
arjefm-89	388	11	of	of	ADP
arjefm-89	388	12	monetary	monetary	ADJ
arjefm-89	388	13	policy	policy	NOUN
arjefm-89	388	14	:	:	PUNCT
arjefm-89	388	15	evidence	evidence	NOUN
arjefm-89	388	16	from	from	ADP
arjefm-89	388	17	anglophone	anglophone	ADJ
arjefm-89	388	18	west	west	PROPN
arjefm-89	388	19	africa	africa	PROPN
arjefm-89	388	20	.	.	PUNCT
arjefm-89	388	21	”	"	PUNCT
arjefm-89	389	1	master	master	NOUN
arjefm-89	389	2	thesis	thesis	NOUN
arjefm-89	389	3	of	of	ADP
arjefm-89	389	4	commerce	commerce	PROPN
arjefm-89	389	5	(	(	PUNCT
arjefm-89	389	6	financial	financial	ADJ
arjefm-89	389	7	markets	market	NOUN
arjefm-89	389	8	)	)	PUNCT
arjefm-89	389	9	.	.	PUNCT
arjefm-89	390	1	department	department	NOUN
arjefm-89	390	2	of	of	ADP
arjefm-89	390	3	economics	economic	NOUN
arjefm-89	390	4	and	and	CCONJ
arjefm-89	390	5	economic	economic	ADJ
arjefm-89	390	6	history	history	NOUN
arjefm-89	390	7	,	,	PUNCT
arjefm-89	390	8	rhodes	rhode	VERB
arjefm-89	390	9	university	university	PROPN
arjefm-89	390	10	grahamstown	grahamstown	NOUN
arjefm-89	390	11	.	.	PUNCT
arjefm-89	391	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-89	391	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	392	1	american	american	PROPN
arjefm-89	392	2	research	research	PROPN
arjefm-89	392	3	journal	journal	PROPN
arjefm-89	392	4	of	of	ADP
arjefm-89	392	5	economics	economic	NOUN
arjefm-89	392	6	,	,	PUNCT
arjefm-89	392	7	finance	finance	NOUN
arjefm-89	392	8	and	and	CCONJ
arjefm-89	392	9	management	management	NOUN
arjefm-89	392	10	volume	volume	NOUN
arjefm-89	392	11	11	11	NUM
arjefm-89	392	12	issue	issue	NOUN
arjefm-89	392	13	3	3	NUM
arjefm-89	392	14	,	,	PUNCT
arjefm-89	392	15	july	july	PROPN
arjefm-89	392	16	-	-	PUNCT
arjefm-89	392	17	september	september	PROPN
arjefm-89	392	18	2023	2023	NUM
arjefm-89	392	19	issn	issn	PROPN
arjefm-89	392	20	:	:	PUNCT
arjefm-89	392	21	2836	2836	NUM
arjefm-89	392	22	-	-	SYM
arjefm-89	392	23	9416	9416	NUM
arjefm-89	392	24	impact	impact	NOUN
arjefm-89	392	25	factor	factor	NOUN
arjefm-89	392	26	:	:	PUNCT
arjefm-89	392	27	5.57	5.57	NUM
arjefm-89	392	28	journal	journal	NOUN
arjefm-89	392	29	homepage	homepage	NOUN
arjefm-89	392	30	:	:	PUNCT
arjefm-89	392	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	392	32	,	,	PUNCT
arjefm-89	392	33	email	email	NOUN
arjefm-89	392	34	:	:	PUNCT
arjefm-89	393	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	393	2	official	official	ADJ
arjefm-89	393	3	journal	journal	PROPN
arjefm-89	393	4	of	of	ADP
arjefm-89	393	5	america	america	PROPN
arjefm-89	393	6	serial	serial	PROPN
arjefm-89	393	7	publication	publication	NOUN
arjefm-89	393	8	american	american	PROPN
arjefm-89	393	9	research	research	PROPN
arjefm-89	393	10	journal	journal	PROPN
arjefm-89	393	11	of	of	ADP
arjefm-89	393	12	economics	economic	NOUN
arjefm-89	393	13	,	,	PUNCT
arjefm-89	393	14	finance	finance	NOUN
arjefm-89	393	15	and	and	CCONJ
arjefm-89	393	16	management	management	NOUN
arjefm-89	393	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	393	18	,	,	PUNCT
arjefm-89	393	19	email	email	NOUN
arjefm-89	393	20	:	:	PUNCT
arjefm-89	393	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	394	1	19	19	NUM
arjefm-89	395	1	|	|	ADV
arjefm-89	395	2	p	p	X
arjefm-89	395	3	a	a	DET
arjefm-89	395	4	g	g	NOUN
arjefm-89	395	5	e	e	NOUN
arjefm-89	395	6	belke	belke	NOUN
arjefm-89	395	7	,	,	PUNCT
arjefm-89	395	8	a.	a.	NOUN
arjefm-89	395	9	,	,	PUNCT
arjefm-89	395	10	beckmann	beckmann	PROPN
arjefm-89	395	11	,	,	PUNCT
arjefm-89	395	12	j.	j.	PROPN
arjefm-89	395	13	&	&	CCONJ
arjefm-89	395	14	verheyen	verheyen	PROPN
arjefm-89	395	15	,	,	PUNCT
arjefm-89	395	16	f.	f.	PROPN
arjefm-89	395	17	(	(	PUNCT
arjefm-89	395	18	2012	2012	NUM
arjefm-89	395	19	)	)	PUNCT
arjefm-89	395	20	.	.	PUNCT
arjefm-89	396	1	“	"	PUNCT
arjefm-89	396	2	interest	interest	NOUN
arjefm-89	396	3	rate	rate	NOUN
arjefm-89	396	4	pass	pass	NOUN
arjefm-89	396	5	-	-	PUNCT
arjefm-89	396	6	through	through	NOUN
arjefm-89	396	7	in	in	ADP
arjefm-89	396	8	the	the	DET
arjefm-89	396	9	emu	emu	NOUN
arjefm-89	396	10	:	:	PUNCT
arjefm-89	396	11	new	new	ADJ
arjefm-89	396	12	evidence	evidence	NOUN
arjefm-89	396	13	from	from	ADP
arjefm-89	396	14	nonlinear	nonlinear	ADJ
arjefm-89	396	15	cointegrationtechniques	cointegrationtechnique	NOUN
arjefm-89	396	16	for	for	ADP
arjefm-89	396	17	fully	fully	ADV
arjefm-89	396	18	harmonized	harmonized	ADJ
arjefm-89	396	19	data	datum	NOUN
arjefm-89	396	20	”	"	PUNCT
arjefm-89	396	21	ruhr	ruhr	NOUN
arjefm-89	396	22	economic	economic	ADJ
arjefm-89	396	23	papers	paper	NOUN
arjefm-89	396	24	no	no	INTJ
arjefm-89	396	25	.	.	NOUN
arjefm-89	396	26	350	350	NUM
arjefm-89	396	27	,	,	PUNCT
arjefm-89	396	28	1	1	NUM
arjefm-89	396	29	–	–	SYM
arjefm-89	396	30	30	30	NUM
arjefm-89	396	31	.	.	X
arjefm-89	397	1	binning	binning	NOUN
arjefm-89	397	2	,	,	PUNCT
arjefm-89	397	3	a.	a.	NOUN
arjefm-89	397	4	,	,	PUNCT
arjefm-89	397	5	bjørnland	bjørnland	NOUN
arjefm-89	397	6	,	,	PUNCT
arjefm-89	397	7	h.	h.	PROPN
arjefm-89	397	8	c.	c.	PROPN
arjefm-89	397	9	&	&	CCONJ
arjefm-89	397	10	maih	maih	PROPN
arjefm-89	397	11	,	,	PUNCT
arjefm-89	397	12	j.	j.	PROPN
arjefm-89	397	13	(	(	PUNCT
arjefm-89	397	14	2019	2019	NUM
arjefm-89	397	15	)	)	PUNCT
arjefm-89	397	16	.	.	PUNCT
arjefm-89	398	1	“	"	PUNCT
arjefm-89	398	2	is	be	AUX
arjefm-89	398	3	monetary	monetary	ADJ
arjefm-89	398	4	policy	policy	NOUN
arjefm-89	398	5	always	always	ADV
arjefm-89	398	6	effective	effective	ADJ
arjefm-89	398	7	?	?	PUNCT
arjefm-89	399	1	incomplete	incomplete	ADJ
arjefm-89	399	2	interest	interest	NOUN
arjefm-89	399	3	rate	rate	NOUN
arjefm-89	399	4	pass	pass	NOUN
arjefm-89	399	5	-	-	PUNCT
arjefm-89	399	6	through	through	NOUN
arjefm-89	399	7	in	in	ADP
arjefm-89	399	8	a	a	DET
arjefm-89	399	9	dsge	dsge	NOUN
arjefm-89	399	10	model	model	NOUN
arjefm-89	399	11	”	"	PUNCT
arjefm-89	399	12	norges	norge	VERB
arjefm-89	399	13	bank	bank	NOUN
arjefm-89	399	14	research	research	NOUN
arjefm-89	399	15	working	working	NOUN
arjefm-89	399	16	paper	paper	NOUN
arjefm-89	399	17	22	22	NUM
arjefm-89	399	18	,	,	PUNCT
arjefm-89	399	19	1	1	NUM
arjefm-89	399	20	–	–	SYM
arjefm-89	399	21	69	69	NUM
arjefm-89	399	22	.	.	PUNCT
arjefm-89	400	1	binning	binning	NOUN
arjefm-89	400	2	,	,	PUNCT
arjefm-89	400	3	a.	a.	NOUN
arjefm-89	400	4	,	,	PUNCT
arjefm-89	400	5	bjornland	bjornland	PROPN
arjefm-89	400	6	,	,	PUNCT
arjefm-89	400	7	h.	h.	PROPN
arjefm-89	400	8	c.	c.	PROPN
arjefm-89	400	9	,	,	PUNCT
arjefm-89	400	10	&	&	CCONJ
arjefm-89	400	11	maih	maih	PROPN
arjefm-89	400	12	,	,	PUNCT
arjefm-89	400	13	j.	j.	PROPN
arjefm-89	400	14	(	(	PUNCT
arjefm-89	400	15	2017	2017	NUM
arjefm-89	400	16	)	)	PUNCT
arjefm-89	400	17	.	.	PUNCT
arjefm-89	401	1	“	"	PUNCT
arjefm-89	401	2	is	be	AUX
arjefm-89	401	3	monetary	monetary	ADJ
arjefm-89	401	4	policy	policy	NOUN
arjefm-89	401	5	always	always	ADV
arjefm-89	401	6	effective	effective	ADJ
arjefm-89	401	7	?	?	PUNCT
arjefm-89	402	1	incomplete	incomplete	ADJ
arjefm-89	402	2	interest	interest	NOUN
arjefm-89	402	3	rate	rate	NOUN
arjefm-89	402	4	pass	pass	NOUN
arjefm-89	402	5	-	-	PUNCT
arjefm-89	402	6	through	through	NOUN
arjefm-89	402	7	in	in	ADP
arjefm-89	402	8	a	a	DET
arjefm-89	402	9	dsge	dsge	NOUN
arjefm-89	402	10	model	model	NOUN
arjefm-89	402	11	”	"	PUNCT
arjefm-89	402	12	norges	norge	NOUN
arjefm-89	402	13	bank	bank	PROPN
arjefm-89	402	14	working	work	VERB
arjefm-89	402	15	paper1	paper1	NOUN
arjefm-89	402	16	-	-	PUNCT
arjefm-89	402	17	73	73	NUM
arjefm-89	402	18	.	.	PUNCT
arjefm-89	403	1	bogoev	bogoev	NOUN
arjefm-89	403	2	,	,	PUNCT
arjefm-89	403	3	j.	j.	PROPN
arjefm-89	403	4	&	&	CCONJ
arjefm-89	403	5	petrevski	petrevski	PROPN
arjefm-89	403	6	,	,	PUNCT
arjefm-89	403	7	g.	g.	PROPN
arjefm-89	403	8	(	(	PUNCT
arjefm-89	403	9	2012	2012	NUM
arjefm-89	403	10	)	)	PUNCT
arjefm-89	403	11	.	.	PUNCT
arjefm-89	404	1	“	"	PUNCT
arjefm-89	404	2	interest	interest	NOUN
arjefm-89	404	3	rate	rate	NOUN
arjefm-89	404	4	pass	pass	NOUN
arjefm-89	404	5	-	-	PUNCT
arjefm-89	404	6	through	through	NOUN
arjefm-89	404	7	in	in	ADP
arjefm-89	404	8	a	a	DET
arjefm-89	404	9	small	small	ADJ
arjefm-89	404	10	open	open	ADJ
arjefm-89	404	11	economy	economy	NOUN
arjefm-89	404	12	with	with	ADP
arjefm-89	404	13	a	a	DET
arjefm-89	404	14	fixed	fix	VERB
arjefm-89	404	15	exchange	exchange	NOUN
arjefm-89	404	16	rate	rate	NOUN
arjefm-89	404	17	the	the	DET
arjefm-89	404	18	case	case	NOUN
arjefm-89	404	19	of	of	ADP
arjefm-89	404	20	macedonia	macedonia	NOUN
arjefm-89	404	21	”	"	PUNCT
arjefm-89	404	22	procedia	procedia	PROPN
arjefm-89	404	23	social	social	ADJ
arjefm-89	404	24	and	and	CCONJ
arjefm-89	404	25	behavioral	behavioral	ADJ
arjefm-89	404	26	sciences	science	NOUN
arjefm-89	404	27	44	44	NUM
arjefm-89	404	28	,	,	PUNCT
arjefm-89	404	29	125	125	NUM
arjefm-89	404	30	–	–	SYM
arjefm-89	404	31	133	133	NUM
arjefm-89	404	32	.	.	PUNCT
arjefm-89	405	1	bredin	bredin	VERB
arjefm-89	405	2	,	,	PUNCT
arjefm-89	405	3	d.	d.	PROPN
arjefm-89	405	4	,	,	PUNCT
arjefm-89	405	5	fitzpatrick	fitzpatrick	PROPN
arjefm-89	405	6	,	,	PUNCT
arjefm-89	405	7	t.	t.	PROPN
arjefm-89	405	8	,	,	PUNCT
arjefm-89	405	9	&	&	CCONJ
arjefm-89	405	10	reilly	reilly	PROPN
arjefm-89	405	11	,	,	PUNCT
arjefm-89	405	12	g.o	g.o	PROPN
arjefm-89	405	13	.	.	PUNCT
arjefm-89	406	1	(	(	PUNCT
arjefm-89	406	2	2001).“retail	2001).“retail	NUM
arjefm-89	406	3	interest	interest	NOUN
arjefm-89	406	4	rate	rate	NOUN
arjefm-89	406	5	pass	pass	NOUN
arjefm-89	406	6	-	-	PUNCT
arjefm-89	406	7	through	through	NOUN
arjefm-89	406	8	:	:	PUNCT
arjefm-89	406	9	the	the	DET
arjefm-89	406	10	irishexperience	irishexperience	NOUN
arjefm-89	406	11	.	.	PUNCT
arjefm-89	407	1	”central	”central	PROPN
arjefm-89	407	2	bank	bank	PROPN
arjefm-89	407	3	of	of	ADP
arjefm-89	407	4	ireland	ireland	PROPN
arjefm-89	407	5	research	research	PROPN
arjefm-89	407	6	technical	technical	ADJ
arjefm-89	407	7	papers	paper	NOUN
arjefm-89	408	1	[	[	X
arjefm-89	408	2	online	online	X
arjefm-89	408	3	]	]	X
arjefm-89	408	4	,	,	PUNCT
arjefm-89	408	5	6	6	NUM
arjefm-89	408	6	/	/	SYM
arjefm-89	408	7	rt/01	rt/01	PROPN
arjefm-89	408	8	.	.	PROPN
arjefm-89	408	9	available	available	ADJ
arjefm-89	408	10	from	from	ADP
arjefm-89	408	11	:	:	PUNCT
arjefm-89	408	12	http://www.centralbank.ie/publications/documents/6rt01.pdf	http://www.centralbank.ie/publications/documents/6rt01.pdf	NOUN
arjefm-89	408	13	brunnermeier	brunnermeier	NOUN
arjefm-89	408	14	,	,	PUNCT
arjefm-89	408	15	m.	m.	PROPN
arjefm-89	408	16	k.	k.	PROPN
arjefm-89	408	17	&	&	CCONJ
arjefm-89	408	18	koby	koby	PROPN
arjefm-89	408	19	,	,	PUNCT
arjefm-89	408	20	y.	y.	PROPN
arjefm-89	408	21	(	(	PUNCT
arjefm-89	408	22	2019	2019	NUM
arjefm-89	408	23	)	)	PUNCT
arjefm-89	408	24	.	.	PUNCT
arjefm-89	409	1	“	"	PUNCT
arjefm-89	409	2	the	the	DET
arjefm-89	409	3	reversal	reversal	NOUN
arjefm-89	409	4	interest	interest	NOUN
arjefm-89	409	5	rate”imes	rate”ime	NOUN
arjefm-89	409	6	discussion	discussion	NOUN
arjefm-89	409	7	paper	paper	NOUN
arjefm-89	409	8	series	series	PROPN
arjefm-89	409	9	no	no	PROPN
arjefm-89	409	10	.	.	PROPN
arjefm-89	409	11	19	19	NUM
arjefm-89	409	12	-	-	PUNCT
arjefm-89	409	13	e-06	e-06	NOUN
arjefm-89	409	14	,	,	PUNCT
arjefm-89	409	15	institute	institute	NOUN
arjefm-89	409	16	for	for	ADP
arjefm-89	409	17	monetary	monetary	ADJ
arjefm-89	409	18	and	and	CCONJ
arjefm-89	409	19	economic	economic	ADJ
arjefm-89	409	20	studies	study	NOUN
arjefm-89	409	21	,	,	PUNCT
arjefm-89	409	22	bank	bank	PROPN
arjefm-89	409	23	of	of	ADP
arjefm-89	409	24	japan	japan	PROPN
arjefm-89	409	25	.	.	PUNCT
arjefm-89	410	1	central	central	PROPN
arjefm-89	410	2	bank	bank	PROPN
arjefm-89	410	3	of	of	ADP
arjefm-89	410	4	nigeria	nigeria	PROPN
arjefm-89	410	5	(	(	PUNCT
arjefm-89	410	6	2018	2018	NUM
arjefm-89	410	7	)	)	PUNCT
arjefm-89	410	8	.	.	PUNCT
arjefm-89	411	1	“	"	PUNCT
arjefm-89	411	2	cbn	cbn	PROPN
arjefm-89	411	3	statistical	statistical	ADJ
arjefm-89	411	4	bulletin	bulletin	NOUN
arjefm-89	411	5	and	and	CCONJ
arjefm-89	411	6	annual	annual	ADJ
arjefm-89	411	7	report	report	NOUN
arjefm-89	411	8	,	,	PUNCT
arjefm-89	411	9	”	"	PUNCT
arjefm-89	411	10	central	central	ADJ
arjefm-89	411	11	bank	bank	PROPN
arjefm-89	411	12	of	of	ADP
arjefm-89	411	13	nigeria	nigeria	PROPN
arjefm-89	411	14	.	.	PUNCT
arjefm-89	412	1	retrieved	retrieve	VERB
arjefm-89	412	2	from	from	ADP
arjefm-89	412	3	http://www.cbn.gov.ng	http://www.cbn.gov.ng	NOUN
arjefm-89	412	4	.	.	PUNCT
arjefm-89	413	1	darracq	darracq	NOUN
arjefm-89	413	2	-	-	PUNCT
arjefm-89	413	3	paries	parie	NOUN
arjefm-89	413	4	,	,	PUNCT
arjefm-89	413	5	m.	m.	NOUN
arjefm-89	413	6	,	,	PUNCT
arjefm-89	413	7	moccero	moccero	PROPN
arjefm-89	413	8	,	,	PUNCT
arjefm-89	413	9	d.	d.	PROPN
arjefm-89	413	10	n.	n.	PROPN
arjefm-89	413	11	,	,	PUNCT
arjefm-89	413	12	krylova	krylova	PROPN
arjefm-89	413	13	,	,	PUNCT
arjefm-89	413	14	e.	e.	PROPN
arjefm-89	413	15	&	&	CCONJ
arjefm-89	413	16	marchini	marchini	PROPN
arjefm-89	413	17	,	,	PUNCT
arjefm-89	413	18	c.	c.	PROPN
arjefm-89	413	19	(	(	PUNCT
arjefm-89	413	20	2014	2014	NUM
arjefm-89	413	21	)	)	PUNCT
arjefm-89	413	22	.	.	PUNCT
arjefm-89	414	1	“	"	PUNCT
arjefm-89	414	2	the	the	DET
arjefm-89	414	3	retail	retail	PROPN
arjefm-89	414	4	bank	bank	PROPN
arjefm-89	414	5	interest	interest	NOUN
arjefm-89	414	6	rate	rate	NOUN
arjefm-89	414	7	passthrough	passthrough	PROPN
arjefm-89	414	8	the	the	DET
arjefm-89	414	9	case	case	NOUN
arjefm-89	414	10	of	of	ADP
arjefm-89	414	11	the	the	DET
arjefm-89	414	12	euro	euro	PROPN
arjefm-89	414	13	area	area	NOUN
arjefm-89	414	14	during	during	ADP
arjefm-89	414	15	the	the	DET
arjefm-89	414	16	financial	financial	ADJ
arjefm-89	414	17	and	and	CCONJ
arjefm-89	414	18	sovereign	sovereign	ADJ
arjefm-89	414	19	debt	debt	NOUN
arjefm-89	414	20	crisis	crisis	NOUN
arjefm-89	414	21	”	"	PUNCT
arjefm-89	414	22	european	european	PROPN
arjefm-89	414	23	central	central	PROPN
arjefm-89	414	24	bank	bank	PROPN
arjefm-89	414	25	occasional	occasional	ADJ
arjefm-89	414	26	paper	paper	NOUN
arjefm-89	414	27	series	series	PROPN
arjefm-89	414	28	no	no	PROPN
arjefm-89	414	29	,	,	PUNCT
arjefm-89	414	30	155	155	NUM
arjefm-89	414	31	,	,	PUNCT
arjefm-89	414	32	1	1	NUM
arjefm-89	414	33	–	–	SYM
arjefm-89	414	34	46	46	NUM
arjefm-89	414	35	.	.	PUNCT
arjefm-89	414	36	de	de	PROPN
arjefm-89	414	37	bondt	bondt	PROPN
arjefm-89	414	38	,	,	PUNCT
arjefm-89	414	39	g.	g.	PROPN
arjefm-89	414	40	(	(	PUNCT
arjefm-89	414	41	2002	2002	NUM
arjefm-89	414	42	)	)	PUNCT
arjefm-89	414	43	.	.	PUNCT
arjefm-89	415	1	“	"	PUNCT
arjefm-89	415	2	retail	retail	ADJ
arjefm-89	415	3	bank	bank	NOUN
arjefm-89	415	4	interest	interest	NOUN
arjefm-89	415	5	rate	rate	NOUN
arjefm-89	415	6	pass	pass	NOUN
arjefm-89	415	7	-	-	PUNCT
arjefm-89	415	8	through	through	NOUN
arjefm-89	415	9	:	:	PUNCT
arjefm-89	415	10	new	new	ADJ
arjefm-89	415	11	evidence	evidence	NOUN
arjefm-89	415	12	at	at	ADP
arjefm-89	415	13	the	the	DET
arjefm-89	415	14	euro	euro	PROPN
arjefm-89	415	15	area	area	NOUN
arjefm-89	415	16	level	level	NOUN
arjefm-89	415	17	”	"	PUNCT
arjefm-89	415	18	ecb	ecb	NOUN
arjefm-89	415	19	working	working	NOUN
arjefm-89	415	20	paper	paper	PROPN
arjefm-89	416	1	no	no	INTJ
arjefm-89	416	2	,	,	PUNCT
arjefm-89	416	3	136	136	NUM
arjefm-89	416	4	,	,	PUNCT
arjefm-89	416	5	1	1	NUM
arjefm-89	416	6	–	–	SYM
arjefm-89	416	7	44	44	NUM
arjefm-89	416	8	.	.	PUNCT
arjefm-89	416	9	de	de	PROPN
arjefm-89	416	10	bondt	bondt	PROPN
arjefm-89	416	11	,	,	PUNCT
arjefm-89	416	12	g.	g.	PROPN
arjefm-89	416	13	,	,	PUNCT
arjefm-89	416	14	(	(	PUNCT
arjefm-89	416	15	2005	2005	NUM
arjefm-89	416	16	)	)	PUNCT
arjefm-89	416	17	.	.	PUNCT
arjefm-89	417	1	“	"	PUNCT
arjefm-89	417	2	interest	interest	NOUN
arjefm-89	417	3	rate	rate	NOUN
arjefm-89	417	4	pass	pass	NOUN
arjefm-89	417	5	-	-	PUNCT
arjefm-89	417	6	through	through	NOUN
arjefm-89	417	7	:	:	PUNCT
arjefm-89	417	8	empirical	empirical	ADJ
arjefm-89	417	9	results	result	NOUN
arjefm-89	417	10	for	for	ADP
arjefm-89	417	11	the	the	DET
arjefm-89	417	12	euro	euro	PROPN
arjefm-89	417	13	area	area	NOUN
arjefm-89	417	14	.	.	PUNCT
arjefm-89	417	15	”	"	PUNCT
arjefm-89	418	1	germaneconomic	germaneconomic	NOUN
arjefm-89	418	2	review	review	NOUN
arjefm-89	418	3	6	6	NUM
arjefm-89	418	4	(	(	PUNCT
arjefm-89	418	5	1	1	NUM
arjefm-89	418	6	)	)	PUNCT
arjefm-89	418	7	,	,	PUNCT
arjefm-89	418	8	37–78	37–78	NUM
arjefm-89	418	9	.	.	PUNCT
arjefm-89	419	1	deveroux	deveroux	NOUN
arjefm-89	419	2	,	,	PUNCT
arjefm-89	419	3	m.	m.	PROPN
arjefm-89	419	4	b.	b.	PROPN
arjefm-89	419	5	&	&	CCONJ
arjefm-89	419	6	engels	engels	PROPN
arjefm-89	419	7	,	,	PUNCT
arjefm-89	419	8	c.	c.	PROPN
arjefm-89	419	9	(	(	PUNCT
arjefm-89	419	10	2002	2002	NUM
arjefm-89	419	11	)	)	PUNCT
arjefm-89	419	12	.	.	PUNCT
arjefm-89	420	1	“	"	PUNCT
arjefm-89	420	2	exchange	exchange	NOUN
arjefm-89	420	3	rate	rate	NOUN
arjefm-89	420	4	pass	pass	NOUN
arjefm-89	420	5	-	-	PUNCT
arjefm-89	420	6	through	through	NOUN
arjefm-89	420	7	,	,	PUNCT
arjefm-89	420	8	exchange	exchange	NOUN
arjefm-89	420	9	rate	rate	NOUN
arjefm-89	420	10	volatility	volatility	NOUN
arjefm-89	420	11	,	,	PUNCT
arjefm-89	420	12	and	and	CCONJ
arjefm-89	420	13	exchange	exchange	NOUN
arjefm-89	420	14	rate	rate	NOUN
arjefm-89	420	15	disconnect	disconnect	NOUN
arjefm-89	420	16	”	"	PUNCT
arjefm-89	420	17	journal	journal	NOUN
arjefm-89	420	18	of	of	ADP
arjefm-89	420	19	monetary	monetary	ADJ
arjefm-89	420	20	economics	economic	NOUN
arjefm-89	420	21	49	49	NUM
arjefm-89	420	22	,	,	PUNCT
arjefm-89	420	23	913–940	913–940	NUM
arjefm-89	420	24	.	.	PUNCT
arjefm-89	421	1	ewerhart	ewerhart	NOUN
arjefm-89	421	2	,	,	PUNCT
arjefm-89	421	3	c.	c.	NOUN
arjefm-89	421	4	,	,	PUNCT
arjefm-89	421	5	cassol	cassol	NOUN
arjefm-89	421	6	,	,	PUNCT
arjefm-89	421	7	n.	n.	NOUN
arjefm-89	421	8	,	,	PUNCT
arjefm-89	421	9	ejerskov	ejerskov	PROPN
arjefm-89	421	10	,	,	PUNCT
arjefm-89	421	11	s.	s.	PROPN
arjefm-89	421	12	&	&	CCONJ
arjefm-89	421	13	valla	valla	PROPN
arjefm-89	421	14	,	,	PUNCT
arjefm-89	421	15	n.	n.	PROPN
arjefm-89	421	16	(	(	PUNCT
arjefm-89	421	17	2004	2004	NUM
arjefm-89	421	18	)	)	PUNCT
arjefm-89	421	19	.	.	PUNCT
arjefm-89	422	1	“	"	PUNCT
arjefm-89	422	2	sporadic	sporadic	ADJ
arjefm-89	422	3	manipulation	manipulation	NOUN
arjefm-89	422	4	of	of	ADP
arjefm-89	422	5	money	money	NOUN
arjefm-89	422	6	market	market	NOUN
arjefm-89	422	7	with	with	ADP
arjefm-89	422	8	central	central	ADJ
arjefm-89	422	9	bank	bank	NOUN
arjefm-89	422	10	standing	standing	PROPN
arjefm-89	422	11	facilities	facility	NOUN
arjefm-89	422	12	”	"	PUNCT
arjefm-89	422	13	european	european	PROPN
arjefm-89	422	14	central	central	PROPN
arjefm-89	422	15	bank	bank	PROPN
arjefm-89	422	16	working	working	NOUN
arjefm-89	422	17	paperseries	paperserie	NOUN
arjefm-89	422	18	no	no	INTJ
arjefm-89	422	19	.	.	NOUN
arjefm-89	422	20	399	399	NUM
arjefm-89	422	21	.	.	PUNCT
arjefm-89	423	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-89	423	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	424	1	http://www.centralbank.ie/publications/documents/6rt01.pdf	http://www.centralbank.ie/publications/documents/6rt01.pdf	PROPN
arjefm-89	424	2	http://www.centralbank.ie/publications/documents/6rt01.pdf	http://www.centralbank.ie/publications/documents/6rt01.pdf	NOUN
arjefm-89	424	3	http://www.cbn.gov.ng/	http://www.cbn.gov.ng/	VERB
arjefm-89	424	4	http://www.cbn.gov.ng/	http://www.cbn.gov.ng/	VERB
arjefm-89	424	5	american	american	ADJ
arjefm-89	424	6	research	research	PROPN
arjefm-89	424	7	journal	journal	PROPN
arjefm-89	424	8	of	of	ADP
arjefm-89	424	9	economics	economic	NOUN
arjefm-89	424	10	,	,	PUNCT
arjefm-89	424	11	finance	finance	NOUN
arjefm-89	424	12	and	and	CCONJ
arjefm-89	424	13	management	management	NOUN
arjefm-89	424	14	volume	volume	NOUN
arjefm-89	424	15	11	11	NUM
arjefm-89	424	16	issue	issue	NOUN
arjefm-89	424	17	3	3	NUM
arjefm-89	424	18	,	,	PUNCT
arjefm-89	424	19	july	july	PROPN
arjefm-89	424	20	-	-	PUNCT
arjefm-89	424	21	september	september	PROPN
arjefm-89	424	22	2023	2023	NUM
arjefm-89	424	23	issn	issn	PROPN
arjefm-89	424	24	:	:	PUNCT
arjefm-89	424	25	2836	2836	NUM
arjefm-89	424	26	-	-	SYM
arjefm-89	424	27	9416	9416	NUM
arjefm-89	424	28	impact	impact	NOUN
arjefm-89	424	29	factor	factor	NOUN
arjefm-89	424	30	:	:	PUNCT
arjefm-89	424	31	5.57	5.57	NUM
arjefm-89	424	32	journal	journal	NOUN
arjefm-89	424	33	homepage	homepage	NOUN
arjefm-89	424	34	:	:	PUNCT
arjefm-89	424	35	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	424	36	,	,	PUNCT
arjefm-89	424	37	email	email	NOUN
arjefm-89	424	38	:	:	PUNCT
arjefm-89	424	39	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	424	40	official	official	ADJ
arjefm-89	424	41	journal	journal	PROPN
arjefm-89	424	42	of	of	ADP
arjefm-89	424	43	america	america	PROPN
arjefm-89	424	44	serial	serial	PROPN
arjefm-89	424	45	publication	publication	NOUN
arjefm-89	424	46	american	american	PROPN
arjefm-89	424	47	research	research	PROPN
arjefm-89	424	48	journal	journal	PROPN
arjefm-89	424	49	of	of	ADP
arjefm-89	424	50	economics	economic	NOUN
arjefm-89	424	51	,	,	PUNCT
arjefm-89	424	52	finance	finance	NOUN
arjefm-89	424	53	and	and	CCONJ
arjefm-89	424	54	management	management	NOUN
arjefm-89	424	55	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	424	56	,	,	PUNCT
arjefm-89	424	57	email	email	NOUN
arjefm-89	424	58	:	:	PUNCT
arjefm-89	424	59	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	425	1	20	20	NUM
arjefm-89	426	1	|	|	ADV
arjefm-89	426	2	p	p	X
arjefm-89	426	3	a	a	DET
arjefm-89	426	4	g	g	NOUN
arjefm-89	426	5	e	e	NOUN
arjefm-89	426	6	fomum	fomum	NOUN
arjefm-89	426	7	,	,	PUNCT
arjefm-89	426	8	t.	t.	NOUN
arjefm-89	426	9	a.	a.	NOUN
arjefm-89	426	10	(	(	PUNCT
arjefm-89	426	11	2011	2011	NUM
arjefm-89	426	12	)	)	PUNCT
arjefm-89	426	13	.	.	PUNCT
arjefm-89	427	1	“	"	PUNCT
arjefm-89	427	2	interest	interest	NOUN
arjefm-89	427	3	rate	rate	NOUN
arjefm-89	427	4	pass	pass	NOUN
arjefm-89	427	5	-	-	PUNCT
arjefm-89	427	6	through	through	NOUN
arjefm-89	427	7	in	in	ADP
arjefm-89	427	8	cameroon	cameroon	PROPN
arjefm-89	427	9	and	and	CCONJ
arjefm-89	427	10	nigeria	nigeria	PROPN
arjefm-89	427	11	:	:	PUNCT
arjefm-89	427	12	a	a	DET
arjefm-89	427	13	comparative	comparative	ADJ
arjefm-89	427	14	analysis	analysis	NOUN
arjefm-89	427	15	.	.	PUNCT
arjefm-89	427	16	”	"	PUNCT
arjefm-89	428	1	master	master	PROPN
arjefm-89	428	2	of	of	ADP
arjefm-89	428	3	commerce	commerce	PROPN
arjefm-89	428	4	in	in	ADP
arjefm-89	428	5	financial	financial	ADJ
arjefm-89	428	6	markets	market	NOUN
arjefm-89	428	7	thesis	thesis	NOUN
arjefm-89	428	8	.	.	PUNCT
arjefm-89	429	1	rhodes	rhodes	PROPN
arjefm-89	429	2	university	university	PROPN
arjefm-89	429	3	,	,	PUNCT
arjefm-89	429	4	grahamstown	grahamstown	ADJ
arjefm-89	429	5	.	.	PUNCT
arjefm-89	430	1	frisancho	frisancho	NOUN
arjefm-89	430	2	-	-	PUNCT
arjefm-89	430	3	mariscal	mariscal	PROPN
arjefm-89	430	4	,	,	PUNCT
arjefm-89	430	5	i.	i.	PROPN
arjefm-89	430	6	b.	b.	PROPN
arjefm-89	430	7	,	,	PUNCT
arjefm-89	430	8	&	&	CCONJ
arjefm-89	430	9	howells	howells	PROPN
arjefm-89	430	10	,	,	PUNCT
arjefm-89	430	11	p.	p.	NOUN
arjefm-89	430	12	(	(	PUNCT
arjefm-89	430	13	2011	2011	NUM
arjefm-89	430	14	)	)	PUNCT
arjefm-89	430	15	.	.	PUNCT
arjefm-89	431	1	“	"	PUNCT
arjefm-89	431	2	interest	interest	NOUN
arjefm-89	431	3	rate	rate	NOUN
arjefm-89	431	4	pass	pass	NOUN
arjefm-89	431	5	-	-	PUNCT
arjefm-89	431	6	through	through	NOUN
arjefm-89	431	7	and	and	CCONJ
arjefm-89	431	8	risk	risk	NOUN
arjefm-89	431	9	”	"	PUNCT
arjefm-89	431	10	centre	centre	NOUN
arjefm-89	431	11	for	for	ADP
arjefm-89	431	12	global	global	ADJ
arjefm-89	431	13	finance	finance	NOUN
arjefm-89	431	14	,	,	PUNCT
arjefm-89	431	15	bristol	bristol	PROPN
arjefm-89	431	16	business	business	NOUN
arjefm-89	431	17	school,1	school,1	NOUN
arjefm-89	431	18	–	–	PUNCT
arjefm-89	431	19	22	22	NUM
arjefm-89	431	20	.	.	PUNCT
arjefm-89	432	1	gigineishvili	gigineishvili	NOUN
arjefm-89	432	2	,	,	PUNCT
arjefm-89	432	3	n.	n.	PROPN
arjefm-89	432	4	(	(	PUNCT
arjefm-89	432	5	2011	2011	NUM
arjefm-89	432	6	)	)	PUNCT
arjefm-89	432	7	.	.	PUNCT
arjefm-89	433	1	“	"	PUNCT
arjefm-89	433	2	determinants	determinant	NOUN
arjefm-89	433	3	of	of	ADP
arjefm-89	433	4	interest	interest	NOUN
arjefm-89	433	5	rate	rate	NOUN
arjefm-89	433	6	pass	pass	NOUN
arjefm-89	433	7	-	-	PUNCT
arjefm-89	433	8	through	through	NOUN
arjefm-89	433	9	:	:	PUNCT
arjefm-89	433	10	do	do	VERB
arjefm-89	433	11	macroeconomic	macroeconomic	ADJ
arjefm-89	433	12	conditions	condition	NOUN
arjefm-89	433	13	and	and	CCONJ
arjefm-89	433	14	financial	financial	ADJ
arjefm-89	433	15	market	market	NOUN
arjefm-89	433	16	structure	structure	NOUN
arjefm-89	433	17	matter	matter	NOUN
arjefm-89	433	18	?	?	PUNCT
arjefm-89	433	19	”	"	PUNCT
arjefm-89	434	1	imf	imf	PROPN
arjefm-89	434	2	working	working	PROPN
arjefm-89	434	3	paper	paper	NOUN
arjefm-89	434	4	,	,	PUNCT
arjefm-89	434	5	11/176	11/176	NUM
arjefm-89	434	6	,	,	PUNCT
arjefm-89	434	7	1	1	NUM
arjefm-89	434	8	–	–	SYM
arjefm-89	434	9	20	20	NUM
arjefm-89	434	10	.	.	PUNCT
arjefm-89	435	1	gregor	gregor	PROPN
arjefm-89	435	2	,	,	PUNCT
arjefm-89	435	3	j.	j.	PROPN
arjefm-89	435	4	&	&	CCONJ
arjefm-89	435	5	melecky	melecky	PROPN
arjefm-89	435	6	,	,	PUNCT
arjefm-89	435	7	m.	m.	NOUN
arjefm-89	435	8	(	(	PUNCT
arjefm-89	435	9	2018	2018	NUM
arjefm-89	435	10	)	)	PUNCT
arjefm-89	435	11	.	.	PUNCT
arjefm-89	436	1	“	"	PUNCT
arjefm-89	436	2	the	the	DET
arjefm-89	436	3	pass	pass	NOUN
arjefm-89	436	4	-	-	PUNCT
arjefm-89	436	5	through	through	NOUN
arjefm-89	436	6	of	of	ADP
arjefm-89	436	7	monetary	monetary	ADJ
arjefm-89	436	8	policy	policy	NOUN
arjefm-89	436	9	rate	rate	NOUN
arjefm-89	436	10	to	to	ADP
arjefm-89	436	11	lending	lending	NOUN
arjefm-89	436	12	rates	rate	NOUN
arjefm-89	436	13	:	:	PUNCT
arjefm-89	436	14	the	the	DET
arjefm-89	436	15	role	role	NOUN
arjefm-89	436	16	of	of	ADP
arjefm-89	436	17	macro	macro	ADJ
arjefm-89	436	18	-	-	ADJ
arjefm-89	436	19	financial	financial	ADJ
arjefm-89	436	20	factors	factor	NOUN
arjefm-89	436	21	”	"	PUNCT
arjefm-89	436	22	mpra	mpra	PROPN
arjefm-89	436	23	working	working	PROPN
arjefm-89	436	24	paper	paper	PROPN
arjefm-89	436	25	no	no	INTJ
arjefm-89	436	26	.	.	PROPN
arjefm-89	436	27	84048	84048	NUM
arjefm-89	436	28	,	,	PUNCT
arjefm-89	436	29	1	1	NUM
arjefm-89	436	30	–	–	SYM
arjefm-89	436	31	47	47	NUM
arjefm-89	436	32	.	.	PUNCT
arjefm-89	437	1	gregor	gregor	PROPN
arjefm-89	437	2	,	,	PUNCT
arjefm-89	437	3	j.	j.	PROPN
arjefm-89	437	4	,	,	PUNCT
arjefm-89	437	5	melecký	melecký	PROPN
arjefm-89	437	6	,	,	PUNCT
arjefm-89	437	7	a.	a.	PROPN
arjefm-89	437	8	&	&	CCONJ
arjefm-89	437	9	melecký	melecký	PROPN
arjefm-89	437	10	,	,	PUNCT
arjefm-89	437	11	m.	m.	NOUN
arjefm-89	437	12	(	(	PUNCT
arjefm-89	437	13	2019	2019	NUM
arjefm-89	437	14	)	)	PUNCT
arjefm-89	437	15	.	.	PUNCT
arjefm-89	438	1	“	"	PUNCT
arjefm-89	438	2	interest	interest	NOUN
arjefm-89	438	3	rate	rate	NOUN
arjefm-89	438	4	pass	pass	NOUN
arjefm-89	438	5	-	-	PUNCT
arjefm-89	438	6	through	through	ADP
arjefm-89	438	7	a	a	DET
arjefm-89	438	8	meta	meta	ADJ
arjefm-89	438	9	-	-	PUNCT
arjefm-89	438	10	analysis	analysis	NOUN
arjefm-89	438	11	of	of	ADP
arjefm-89	438	12	the	the	DET
arjefm-89	438	13	literature	literature	NOUN
arjefm-89	438	14	”	"	PUNCT
arjefm-89	438	15	policy	policy	NOUN
arjefm-89	438	16	research	research	NOUN
arjefm-89	438	17	working	work	VERB
arjefm-89	438	18	paperno8713	paperno8713	PROPN
arjefm-89	438	19	,	,	PUNCT
arjefm-89	438	20	1	1	NUM
arjefm-89	438	21	–	–	SYM
arjefm-89	438	22	53	53	NUM
arjefm-89	438	23	.	.	PUNCT
arjefm-89	438	24	grigoli	grigoli	PROPN
arjefm-89	438	25	,	,	PUNCT
arjefm-89	438	26	f.	f.	PROPN
arjefm-89	438	27	&	&	CCONJ
arjefm-89	438	28	mota	mota	PROPN
arjefm-89	438	29	,	,	PUNCT
arjefm-89	438	30	j.	j.	PROPN
arjefm-89	438	31	m.	m.	PROPN
arjefm-89	438	32	(	(	PUNCT
arjefm-89	438	33	2017	2017	NUM
arjefm-89	438	34	)	)	PUNCT
arjefm-89	438	35	.	.	PUNCT
arjefm-89	439	1	“	"	PUNCT
arjefm-89	439	2	interest	interest	NOUN
arjefm-89	439	3	rate	rate	NOUN
arjefm-89	439	4	pass	pass	NOUN
arjefm-89	439	5	-	-	PUNCT
arjefm-89	439	6	through	through	NOUN
arjefm-89	439	7	in	in	ADP
arjefm-89	439	8	the	the	DET
arjefm-89	439	9	dominican	dominican	PROPN
arjefm-89	439	10	republic	republic	PROPN
arjefm-89	439	11	”	"	PUNCT
arjefm-89	439	12	lat	lat	PROPN
arjefm-89	439	13	am	be	AUX
arjefm-89	439	14	econ	econ	PROPN
arjefm-89	439	15	rev	rev	PROPN
arjefm-89	439	16	,	,	PUNCT
arjefm-89	439	17	26(4	26(4	NUM
arjefm-89	439	18	)	)	PUNCT
arjefm-89	439	19	,	,	PUNCT
arjefm-89	440	1	1	1	NUM
arjefm-89	440	2	–	–	SYM
arjefm-89	440	3	25	25	NUM
arjefm-89	440	4	.	.	X
arjefm-89	440	5	hsu	hsu	PROPN
arjefm-89	440	6	,	,	PUNCT
arjefm-89	440	7	c.	c.	PROPN
arjefm-89	440	8	c.	c.	PROPN
arjefm-89	440	9	(	(	PUNCT
arjefm-89	440	10	2017	2017	NUM
arjefm-89	440	11	)	)	PUNCT
arjefm-89	440	12	.	.	PUNCT
arjefm-89	441	1	“	"	PUNCT
arjefm-89	441	2	the	the	DET
arjefm-89	441	3	interest	interest	NOUN
arjefm-89	441	4	rate	rate	NOUN
arjefm-89	441	5	pass	pass	NOUN
arjefm-89	441	6	-	-	PUNCT
arjefm-89	441	7	through	through	NOUN
arjefm-89	441	8	:	:	PUNCT
arjefm-89	441	9	an	an	DET
arjefm-89	441	10	empirical	empirical	ADJ
arjefm-89	441	11	study	study	NOUN
arjefm-89	441	12	of	of	ADP
arjefm-89	441	13	seven	seven	NUM
arjefm-89	441	14	asian	asian	ADJ
arjefm-89	441	15	economies	economy	NOUN
arjefm-89	441	16	”	"	PUNCT
arjefm-89	441	17	global	global	ADJ
arjefm-89	441	18	journal	journal	NOUN
arjefm-89	441	19	of	of	ADP
arjefm-89	441	20	business	business	NOUN
arjefm-89	441	21	research	research	NOUN
arjefm-89	441	22	,	,	PUNCT
arjefm-89	441	23	11(2	11(2	NUM
arjefm-89	441	24	)	)	PUNCT
arjefm-89	441	25	,	,	PUNCT
arjefm-89	441	26	1	1	NUM
arjefm-89	441	27	–	–	SYM
arjefm-89	441	28	10	10	NUM
arjefm-89	441	29	.	.	PUNCT
arjefm-89	441	30	lerskullawat	lerskullawat	PROPN
arjefm-89	441	31	,	,	PUNCT
arjefm-89	441	32	a.	a.	NOUN
arjefm-89	441	33	(	(	PUNCT
arjefm-89	441	34	2014	2014	NUM
arjefm-89	441	35	)	)	PUNCT
arjefm-89	441	36	.	.	PUNCT
arjefm-89	442	1	“	"	PUNCT
arjefm-89	442	2	financial	financial	ADJ
arjefm-89	442	3	development	development	NOUN
arjefm-89	442	4	and	and	CCONJ
arjefm-89	442	5	monetary	monetary	ADJ
arjefm-89	442	6	policy	policy	NOUN
arjefm-89	442	7	transmission	transmission	NOUN
arjefm-89	442	8	:	:	PUNCT
arjefm-89	442	9	the	the	DET
arjefm-89	442	10	case	case	NOUN
arjefm-89	442	11	of	of	ADP
arjefm-89	442	12	thailand	thailand	PROPN
arjefm-89	442	13	”	"	PUNCT
arjefm-89	442	14	an	an	DET
arjefm-89	442	15	unpublished	unpublished	ADJ
arjefm-89	442	16	phd	phd	NOUN
arjefm-89	442	17	.	.	PUNCT
arjefm-89	443	1	thesis	thesis	NOUN
arjefm-89	443	2	submitted	submit	VERB
arjefm-89	443	3	to	to	ADP
arjefm-89	443	4	the	the	DET
arjefm-89	443	5	university	university	PROPN
arjefm-89	443	6	of	of	ADP
arjefm-89	443	7	birmingham	birmingham	PROPN
arjefm-89	443	8	,	,	PUNCT
arjefm-89	443	9	england	england	PROPN
arjefm-89	443	10	.	.	PUNCT
arjefm-89	444	1	liu	liu	PROPN
arjefm-89	444	2	,	,	PUNCT
arjefm-89	444	3	k.	k.	PROPN
arjefm-89	444	4	(	(	PUNCT
arjefm-89	444	5	2019	2019	NUM
arjefm-89	444	6	)	)	PUNCT
arjefm-89	444	7	.	.	PUNCT
arjefm-89	445	1	“	"	PUNCT
arjefm-89	445	2	the	the	DET
arjefm-89	445	3	determinants	determinant	NOUN
arjefm-89	445	4	of	of	ADP
arjefm-89	445	5	china	china	PROPN
arjefm-89	445	6	’s	’s	PART
arjefm-89	445	7	lending	lending	NOUN
arjefm-89	445	8	rates	rate	NOUN
arjefm-89	445	9	and	and	CCONJ
arjefm-89	445	10	interest	interest	NOUN
arjefm-89	445	11	rates	rate	NOUN
arjefm-89	445	12	pass	pass	VERB
arjefm-89	445	13	-	-	PUNCT
arjefm-89	445	14	through	through	NOUN
arjefm-89	445	15	:	:	PUNCT
arjefm-89	445	16	a	a	DET
arjefm-89	445	17	cointegration	cointegration	NOUN
arjefm-89	445	18	analysis	analysis	NOUN
arjefm-89	445	19	”	"	PUNCT
arjefm-89	445	20	research	research	NOUN
arjefm-89	445	21	in	in	ADP
arjefm-89	445	22	economics	economic	NOUN
arjefm-89	445	23	,	,	PUNCT
arjefm-89	445	24	73	73	NUM
arjefm-89	445	25	,	,	PUNCT
arjefm-89	445	26	66–71	66–71	NOUN
arjefm-89	445	27	.	.	PUNCT
arjefm-89	446	1	mahmood	mahmood	PROPN
arjefm-89	446	2	,	,	PUNCT
arjefm-89	446	3	f.	f.	PROPN
arjefm-89	446	4	(	(	PUNCT
arjefm-89	446	5	2008	2008	NUM
arjefm-89	446	6	)	)	PUNCT
arjefm-89	446	7	.	.	PUNCT
arjefm-89	447	1	“	"	PUNCT
arjefm-89	447	2	interest	interest	NOUN
arjefm-89	447	3	rate	rate	NOUN
arjefm-89	447	4	pass	pass	NOUN
arjefm-89	447	5	-	-	PUNCT
arjefm-89	447	6	through	through	NOUN
arjefm-89	447	7	in	in	ADP
arjefm-89	447	8	pakistan	pakistan	PROPN
arjefm-89	447	9	:	:	PUNCT
arjefm-89	447	10	evidence	evidence	NOUN
arjefm-89	447	11	from	from	ADP
arjefm-89	447	12	the	the	DET
arjefm-89	447	13	asymmetric	asymmetric	ADJ
arjefm-89	447	14	cointegration	cointegration	NOUN
arjefm-89	447	15	approach	approach	NOUN
arjefm-89	447	16	”	"	PUNCT
arjefm-89	447	17	nust	nust	PROPN
arjefm-89	447	18	journal	journal	PROPN
arjefm-89	447	19	of	of	ADP
arjefm-89	447	20	social	social	ADJ
arjefm-89	447	21	sciences	science	NOUN
arjefm-89	447	22	and	and	CCONJ
arjefm-89	447	23	humanities	humanity	NOUN
arjefm-89	447	24	4(2	4(2	NUM
arjefm-89	447	25	)	)	PUNCT
arjefm-89	447	26	,	,	PUNCT
arjefm-89	447	27	168	168	NUM
arjefm-89	447	28	-	-	SYM
arjefm-89	447	29	183	183	NUM
arjefm-89	447	30	.	.	PUNCT
arjefm-89	448	1	mangwengwende	mangwengwende	NOUN
arjefm-89	448	2	,	,	PUNCT
arjefm-89	448	3	t.	t.	PROPN
arjefm-89	448	4	,	,	PUNCT
arjefm-89	448	5	chinzara	chinzara	PROPN
arjefm-89	448	6	,	,	PUNCT
arjefm-89	448	7	z.	z.	PROPN
arjefm-89	448	8	&	&	CCONJ
arjefm-89	448	9	nel	nel	PROPN
arjefm-89	448	10	,	,	PUNCT
arjefm-89	448	11	h.	h.	PROPN
arjefm-89	448	12	(	(	PUNCT
arjefm-89	448	13	2011	2011	NUM
arjefm-89	448	14	)	)	PUNCT
arjefm-89	448	15	.	.	PUNCT
arjefm-89	449	1	“	"	PUNCT
arjefm-89	449	2	bank	bank	NOUN
arjefm-89	449	3	concentration	concentration	NOUN
arjefm-89	449	4	and	and	CCONJ
arjefm-89	449	5	the	the	DET
arjefm-89	449	6	interest	interest	NOUN
arjefm-89	449	7	rate	rate	NOUN
arjefm-89	449	8	passthrough	passthrough	NOUN
arjefm-89	449	9	in	in	ADP
arjefm-89	449	10	sub	sub	ADJ
arjefm-89	449	11	-	-	ADJ
arjefm-89	449	12	saharan	saharan	ADJ
arjefm-89	449	13	african	african	ADJ
arjefm-89	449	14	countries	country	NOUN
arjefm-89	449	15	”	"	PUNCT
arjefm-89	449	16	rhodes	rhodes	PROPN
arjefm-89	449	17	university	university	PROPN
arjefm-89	449	18	working	working	PROPN
arjefm-89	449	19	paper	paper	NOUN
arjefm-89	449	20	,	,	PUNCT
arjefm-89	449	21	233	233	NUM
arjefm-89	449	22	,	,	PUNCT
arjefm-89	449	23	1	1	NUM
arjefm-89	449	24	–	–	SYM
arjefm-89	449	25	31	31	NUM
arjefm-89	449	26	.	.	PUNCT
arjefm-89	450	1	mbowe	mbowe	NOUN
arjefm-89	450	2	,	,	PUNCT
arjefm-89	450	3	w.	w.	PROPN
arjefm-89	450	4	e.	e.	PROPN
arjefm-89	450	5	(	(	PUNCT
arjefm-89	450	6	2015	2015	NUM
arjefm-89	450	7	)	)	PUNCT
arjefm-89	450	8	.	.	PUNCT
arjefm-89	451	1	“	"	PUNCT
arjefm-89	451	2	monetary	monetary	ADJ
arjefm-89	451	3	policy	policy	NOUN
arjefm-89	451	4	rate	rate	NOUN
arjefm-89	451	5	pass	pass	NOUN
arjefm-89	451	6	-	-	PUNCT
arjefm-89	451	7	through	through	NOUN
arjefm-89	451	8	to	to	ADP
arjefm-89	451	9	retail	retail	ADJ
arjefm-89	451	10	bank	bank	NOUN
arjefm-89	451	11	interest	interest	NOUN
arjefm-89	451	12	rates	rate	NOUN
arjefm-89	451	13	in	in	ADP
arjefm-89	451	14	tanzania	tanzania	PROPN
arjefm-89	451	15	”	"	PUNCT
arjefm-89	451	16	bank	bank	PROPN
arjefm-89	451	17	of	of	ADP
arjefm-89	451	18	tanzania	tanzania	PROPN
arjefm-89	451	19	working	working	PROPN
arjefm-89	451	20	paper	paper	NOUN
arjefm-89	451	21	no	no	DET
arjefm-89	451	22	4	4	NUM
arjefm-89	451	23	,	,	PUNCT
arjefm-89	451	24	1	1	NUM
arjefm-89	451	25	–	–	SYM
arjefm-89	451	26	26	26	NUM
arjefm-89	451	27	.	.	PUNCT
arjefm-89	452	1	miletic	miletic	ADJ
arjefm-89	452	2	,	,	PUNCT
arjefm-89	452	3	s.	s.	PROPN
arjefm-89	452	4	&	&	CCONJ
arjefm-89	452	5	tasic	tasic	PROPN
arjefm-89	452	6	,	,	PUNCT
arjefm-89	452	7	n.	n.	NOUN
arjefm-89	452	8	(	(	PUNCT
arjefm-89	452	9	2015	2015	NUM
arjefm-89	452	10	)	)	PUNCT
arjefm-89	452	11	.	.	PUNCT
arjefm-89	453	1	“	"	PUNCT
arjefm-89	453	2	interest	interest	NOUN
arjefm-89	453	3	rate	rate	NOUN
arjefm-89	453	4	pass	pass	NOUN
arjefm-89	453	5	-	-	PUNCT
arjefm-89	453	6	through	through	NOUN
arjefm-89	453	7	in	in	ADP
arjefm-89	453	8	serbia	serbia	PROPN
arjefm-89	453	9	:	:	PUNCT
arjefm-89	453	10	an	an	DET
arjefm-89	453	11	asymmetric	asymmetric	ADJ
arjefm-89	453	12	threshold	threshold	NOUN
arjefm-89	453	13	cointegration	cointegration	NOUN
arjefm-89	453	14	analysis	analysis	NOUN
arjefm-89	453	15	”	"	PUNCT
arjefm-89	453	16	faculty	faculty	NOUN
arjefm-89	453	17	of	of	ADP
arjefm-89	453	18	business	business	NOUN
arjefm-89	453	19	economics	economic	NOUN
arjefm-89	453	20	and	and	CCONJ
arjefm-89	453	21	entrepreneurship	entrepreneurship	NOUN
arjefm-89	453	22	,	,	PUNCT
arjefm-89	453	23	eee	eee	NOUN
arjefm-89	453	24	,	,	PUNCT
arjefm-89	453	25	240	240	NUM
arjefm-89	453	26	–	–	PUNCT
arjefm-89	453	27	251	251	NUM
arjefm-89	453	28	.	.	PUNCT
arjefm-89	454	1	mordi	mordi	PROPN
arjefm-89	454	2	,	,	PUNCT
arjefm-89	454	3	c.	c.	PROPN
arjefm-89	454	4	n.	n.	PROPN
arjefm-89	454	5	and	and	CCONJ
arjefm-89	454	6	adebiyi	adebiyi	NOUN
arjefm-89	454	7	,	,	PUNCT
arjefm-89	454	8	m.	m.	NOUN
arjefm-89	454	9	a.	a.	NOUN
arjefm-89	454	10	(	(	PUNCT
arjefm-89	454	11	2014	2014	NUM
arjefm-89	454	12	)	)	PUNCT
arjefm-89	454	13	.	.	PUNCT
arjefm-89	455	1	“	"	PUNCT
arjefm-89	455	2	the	the	DET
arjefm-89	455	3	effect	effect	NOUN
arjefm-89	455	4	of	of	ADP
arjefm-89	455	5	monetary	monetary	ADJ
arjefm-89	455	6	policy	policy	NOUN
arjefm-89	455	7	on	on	ADP
arjefm-89	455	8	prices	price	NOUN
arjefm-89	455	9	in	in	ADP
arjefm-89	455	10	nigeria	nigeria	PROPN
arjefm-89	455	11	:	:	PUNCT
arjefm-89	455	12	a	a	DET
arjefm-89	455	13	factor	factor	NOUN
arjefm-89	455	14	augmented	augment	VERB
arjefm-89	455	15	vector	vector	NOUN
arjefm-89	455	16	autoregressive	autoregressive	ADJ
arjefm-89	455	17	(	(	PUNCT
arjefm-89	455	18	favar	favar	NOUN
arjefm-89	455	19	)	)	PUNCT
arjefm-89	455	20	modelling	model	VERB
arjefm-89	455	21	approach	approach	NOUN
arjefm-89	455	22	”	"	PUNCT
arjefm-89	455	23	central	central	ADJ
arjefm-89	455	24	bank	bank	PROPN
arjefm-89	455	25	of	of	ADP
arjefm-89	455	26	nigeria	nigeria	PROPN
arjefm-89	455	27	,	,	PUNCT
arjefm-89	455	28	nigeria	nigeria	PROPN
arjefm-89	455	29	.	.	PUNCT
arjefm-89	456	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-89	456	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	457	1	american	american	PROPN
arjefm-89	457	2	research	research	PROPN
arjefm-89	457	3	journal	journal	PROPN
arjefm-89	457	4	of	of	ADP
arjefm-89	457	5	economics	economic	NOUN
arjefm-89	457	6	,	,	PUNCT
arjefm-89	457	7	finance	finance	NOUN
arjefm-89	457	8	and	and	CCONJ
arjefm-89	457	9	management	management	NOUN
arjefm-89	457	10	volume	volume	NOUN
arjefm-89	457	11	11	11	NUM
arjefm-89	457	12	issue	issue	NOUN
arjefm-89	457	13	3	3	NUM
arjefm-89	457	14	,	,	PUNCT
arjefm-89	457	15	july	july	PROPN
arjefm-89	457	16	-	-	PUNCT
arjefm-89	457	17	september	september	PROPN
arjefm-89	457	18	2023	2023	NUM
arjefm-89	457	19	issn	issn	PROPN
arjefm-89	457	20	:	:	PUNCT
arjefm-89	457	21	2836	2836	NUM
arjefm-89	457	22	-	-	SYM
arjefm-89	457	23	9416	9416	NUM
arjefm-89	457	24	impact	impact	NOUN
arjefm-89	457	25	factor	factor	NOUN
arjefm-89	457	26	:	:	PUNCT
arjefm-89	457	27	5.57	5.57	NUM
arjefm-89	457	28	journal	journal	NOUN
arjefm-89	457	29	homepage	homepage	NOUN
arjefm-89	457	30	:	:	PUNCT
arjefm-89	457	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	457	32	,	,	PUNCT
arjefm-89	457	33	email	email	NOUN
arjefm-89	457	34	:	:	PUNCT
arjefm-89	458	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	458	2	official	official	ADJ
arjefm-89	458	3	journal	journal	PROPN
arjefm-89	458	4	of	of	ADP
arjefm-89	458	5	america	america	PROPN
arjefm-89	458	6	serial	serial	PROPN
arjefm-89	458	7	publication	publication	NOUN
arjefm-89	458	8	american	american	PROPN
arjefm-89	458	9	research	research	PROPN
arjefm-89	458	10	journal	journal	PROPN
arjefm-89	458	11	of	of	ADP
arjefm-89	458	12	economics	economic	NOUN
arjefm-89	458	13	,	,	PUNCT
arjefm-89	458	14	finance	finance	NOUN
arjefm-89	458	15	and	and	CCONJ
arjefm-89	458	16	management	management	NOUN
arjefm-89	458	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	458	18	,	,	PUNCT
arjefm-89	458	19	email	email	NOUN
arjefm-89	458	20	:	:	PUNCT
arjefm-89	458	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	459	1	21	21	NUM
arjefm-89	460	1	|	|	ADV
arjefm-89	460	2	p	p	X
arjefm-89	460	3	a	a	DET
arjefm-89	460	4	g	g	NOUN
arjefm-89	460	5	e	e	PROPN
arjefm-89	460	6	mordi	mordi	PROPN
arjefm-89	460	7	,	,	PUNCT
arjefm-89	460	8	c.	c.	PROPN
arjefm-89	460	9	n.	n.	PROPN
arjefm-89	460	10	o.	o.	PROPN
arjefm-89	460	11	,	,	PUNCT
arjefm-89	460	12	adebiyi	adebiyi	NOUN
arjefm-89	460	13	,	,	PUNCT
arjefm-89	460	14	m.	m.	NOUN
arjefm-89	460	15	a.	a.	PROPN
arjefm-89	460	16	&	&	CCONJ
arjefm-89	460	17	omotosho	omotosho	PROPN
arjefm-89	460	18	,	,	PUNCT
arjefm-89	460	19	b.	b.	PROPN
arjefm-89	460	20	s.	s.	PROPN
arjefm-89	460	21	(	(	PUNCT
arjefm-89	460	22	2019	2019	NUM
arjefm-89	460	23	)	)	PUNCT
arjefm-89	460	24	.	.	PUNCT
arjefm-89	461	1	“	"	PUNCT
arjefm-89	461	2	modelling	model	VERB
arjefm-89	461	3	interest	interest	NOUN
arjefm-89	461	4	rates	rate	NOUN
arjefm-89	461	5	pass	pass	VERB
arjefm-89	461	6	-	-	PUNCT
arjefm-89	461	7	through	through	NOUN
arjefm-89	461	8	in	in	ADP
arjefm-89	461	9	nigeria	nigeria	PROPN
arjefm-89	461	10	:	:	PUNCT
arjefm-89	461	11	an	an	DET
arjefm-89	461	12	error	error	NOUN
arjefm-89	461	13	correction	correction	NOUN
arjefm-89	461	14	approach	approach	NOUN
arjefm-89	461	15	with	with	ADP
arjefm-89	461	16	asymmetric	asymmetric	ADJ
arjefm-89	461	17	adjustments	adjustment	NOUN
arjefm-89	461	18	and	and	CCONJ
arjefm-89	461	19	structural	structural	ADJ
arjefm-89	461	20	breaks	break	NOUN
arjefm-89	461	21	”	"	PUNCT
arjefm-89	461	22	mpra	mpra	PROPN
arjefm-89	461	23	paper	paper	NOUN
arjefm-89	461	24	no	no	DET
arjefm-89	461	25	96171	96171	NUM
arjefm-89	461	26	,	,	PUNCT
arjefm-89	461	27	1	1	NUM
arjefm-89	461	28	–	–	SYM
arjefm-89	461	29	25	25	NUM
arjefm-89	461	30	.	.	PUNCT
arjefm-89	462	1	mueller	mueller	PROPN
arjefm-89	462	2	-	-	PUNCT
arjefm-89	462	3	spahn	spahn	PROPN
arjefm-89	462	4	,	,	PUNCT
arjefm-89	462	5	s.	s.	PROPN
arjefm-89	462	6	(	(	PUNCT
arjefm-89	462	7	2008	2008	NUM
arjefm-89	462	8	)	)	PUNCT
arjefm-89	462	9	.	.	PUNCT
arjefm-89	463	1	“	"	PUNCT
arjefm-89	463	2	the	the	DET
arjefm-89	463	3	pass	pass	NOUN
arjefm-89	463	4	-	-	PUNCT
arjefm-89	463	5	through	through	NOUN
arjefm-89	463	6	from	from	ADP
arjefm-89	463	7	market	market	NOUN
arjefm-89	463	8	interest	interest	NOUN
arjefm-89	463	9	rates	rate	NOUN
arjefm-89	463	10	to	to	ADP
arjefm-89	463	11	retail	retail	ADJ
arjefm-89	463	12	bank	bank	NOUN
arjefm-89	463	13	rates	rate	NOUN
arjefm-89	463	14	in	in	ADP
arjefm-89	463	15	germany	germany	PROPN
arjefm-89	463	16	”	"	PUNCT
arjefm-89	463	17	centre	centre	NOUN
arjefm-89	463	18	for	for	ADP
arjefm-89	463	19	finance	finance	NOUN
arjefm-89	463	20	and	and	CCONJ
arjefm-89	463	21	credit	credit	NOUN
arjefm-89	463	22	markets	market	NOUN
arjefm-89	463	23	,	,	PUNCT
arjefm-89	463	24	working	work	VERB
arjefm-89	463	25	paper	paper	NOUN
arjefm-89	463	26	08/05	08/05	NUM
arjefm-89	463	27	,	,	PUNCT
arjefm-89	463	28	1	1	NUM
arjefm-89	463	29	–	–	SYM
arjefm-89	463	30	24	24	NUM
arjefm-89	463	31	.	.	X
arjefm-89	463	32	ogundipe	ogundipe	PROPN
arjefm-89	463	33	,	,	PUNCT
arjefm-89	463	34	a.	a.	PROPN
arjefm-89	463	35	&	&	CCONJ
arjefm-89	463	36	alege	alege	PROPN
arjefm-89	463	37	,	,	PUNCT
arjefm-89	463	38	p	p	X
arjefm-89	463	39	(	(	PUNCT
arjefm-89	463	40	2013	2013	NUM
arjefm-89	463	41	)	)	PUNCT
arjefm-89	463	42	.	.	PUNCT
arjefm-89	464	1	“	"	PUNCT
arjefm-89	464	2	interest	interest	NOUN
arjefm-89	464	3	rate	rate	NOUN
arjefm-89	464	4	pass	pass	NOUN
arjefm-89	464	5	-	-	PUNCT
arjefm-89	464	6	through	through	NOUN
arjefm-89	464	7	to	to	ADP
arjefm-89	464	8	macroeconomic	macroeconomic	ADJ
arjefm-89	464	9	variables	variable	NOUN
arjefm-89	464	10	:	:	PUNCT
arjefm-89	464	11	the	the	DET
arjefm-89	464	12	nigerian	nigerian	ADJ
arjefm-89	464	13	experience	experience	NOUN
arjefm-89	464	14	”	"	PUNCT
arjefm-89	464	15	international	international	ADJ
arjefm-89	464	16	journal	journal	NOUN
arjefm-89	464	17	of	of	ADP
arjefm-89	464	18	economics	economic	NOUN
arjefm-89	464	19	and	and	CCONJ
arjefm-89	464	20	finance	finance	NOUN
arjefm-89	464	21	,	,	PUNCT
arjefm-89	464	22	5(10	5(10	NUM
arjefm-89	464	23	)	)	PUNCT
arjefm-89	464	24	,	,	PUNCT
arjefm-89	464	25	18	18	NUM
arjefm-89	464	26	–	–	SYM
arjefm-89	464	27	35	35	NUM
arjefm-89	464	28	.	.	PUNCT
arjefm-89	465	1	okello	okello	PROPN
arjefm-89	465	2	,	,	PUNCT
arjefm-89	465	3	j.	j.	PROPN
arjefm-89	465	4	a.	a.	PROPN
arjefm-89	465	5	(	(	PUNCT
arjefm-89	465	6	2014	2014	NUM
arjefm-89	465	7	)	)	PUNCT
arjefm-89	465	8	.	.	PUNCT
arjefm-89	466	1	“	"	PUNCT
arjefm-89	466	2	interest	interest	NOUN
arjefm-89	466	3	rate	rate	NOUN
arjefm-89	466	4	pass	pass	NOUN
arjefm-89	466	5	-	-	PUNCT
arjefm-89	466	6	through	through	NOUN
arjefm-89	466	7	in	in	ADP
arjefm-89	466	8	uganda	uganda	PROPN
arjefm-89	466	9	”	"	PUNCT
arjefm-89	466	10	bank	bank	PROPN
arjefm-89	466	11	of	of	ADP
arjefm-89	466	12	uganda	uganda	PROPN
arjefm-89	466	13	working	working	PROPN
arjefm-89	466	14	paper	paper	NOUN
arjefm-89	466	15	no2	no2	NOUN
arjefm-89	466	16	,	,	PUNCT
arjefm-89	466	17	1	1	NUM
arjefm-89	466	18	–	–	SYM
arjefm-89	466	19	20	20	NUM
arjefm-89	466	20	.	.	PUNCT
arjefm-89	466	21	roseline	roseline	NOUN
arjefm-89	466	22	,	,	PUNCT
arjefm-89	466	23	n.	n.	NOUN
arjefm-89	466	24	,	,	PUNCT
arjefm-89	466	25	nyamongo	nyamongo	PROPN
arjefm-89	466	26	,	,	PUNCT
arjefm-89	466	27	e.	e.	PROPN
arjefm-89	466	28	and	and	CCONJ
arjefm-89	466	29	kamau	kamau	PROPN
arjefm-89	466	30	,	,	PUNCT
arjefm-89	466	31	a.	a.	NOUN
arjefm-89	466	32	(	(	PUNCT
arjefm-89	466	33	2011	2011	NUM
arjefm-89	466	34	)	)	PUNCT
arjefm-89	466	35	.	.	PUNCT
arjefm-89	467	1	“	"	PUNCT
arjefm-89	467	2	interest	interest	NOUN
arjefm-89	467	3	rate	rate	NOUN
arjefm-89	467	4	pass	pass	NOUN
arjefm-89	467	5	-	-	PUNCT
arjefm-89	467	6	through	through	NOUN
arjefm-89	467	7	in	in	ADP
arjefm-89	467	8	kenya	kenya	PROPN
arjefm-89	467	9	”	"	PUNCT
arjefm-89	467	10	international	international	PROPN
arjefm-89	467	11	journal	journal	NOUN
arjefm-89	467	12	of	of	ADP
arjefm-89	467	13	development	development	NOUN
arjefm-89	467	14	issues	issue	NOUN
arjefm-89	467	15	,	,	PUNCT
arjefm-89	467	16	10	10	NUM
arjefm-89	467	17	,	,	PUNCT
arjefm-89	467	18	170	170	NUM
arjefm-89	467	19	-	-	SYM
arjefm-89	467	20	182	182	NUM
arjefm-89	467	21	.	.	PUNCT
arjefm-89	468	1	sanusi	sanusi	NOUN
arjefm-89	468	2	,	,	PUNCT
arjefm-89	468	3	a.	a.	PROPN
arjefm-89	468	4	r.	r.	PROPN
arjefm-89	468	5	(	(	PUNCT
arjefm-89	468	6	2010	2010	NUM
arjefm-89	468	7	)	)	PUNCT
arjefm-89	468	8	.	.	PUNCT
arjefm-89	469	1	“	"	PUNCT
arjefm-89	469	2	interest	interest	NOUN
arjefm-89	469	3	rate	rate	NOUN
arjefm-89	469	4	pass	pass	NOUN
arjefm-89	469	5	-	-	PUNCT
arjefm-89	469	6	through	through	NOUN
arjefm-89	469	7	and	and	CCONJ
arjefm-89	469	8	the	the	DET
arjefm-89	469	9	efficiency	efficiency	NOUN
arjefm-89	469	10	of	of	ADP
arjefm-89	469	11	monetary	monetary	ADJ
arjefm-89	469	12	policy	policy	NOUN
arjefm-89	469	13	in	in	ADP
arjefm-89	469	14	nigeria	nigeria	PROPN
arjefm-89	469	15	:	:	PUNCT
arjefm-89	469	16	2002	2002	NUM
arjefm-89	469	17	-	-	SYM
arjefm-89	469	18	2010	2010	NUM
arjefm-89	469	19	”	"	PUNCT
arjefm-89	469	20	a	a	DET
arjefm-89	469	21	paper	paper	NOUN
arjefm-89	469	22	submitted	submit	VERB
arjefm-89	469	23	for	for	ADP
arjefm-89	469	24	presentation	presentation	NOUN
arjefm-89	469	25	at	at	ADP
arjefm-89	469	26	the	the	DET
arjefm-89	469	27	1st	1st	ADJ
arjefm-89	469	28	national	national	ADJ
arjefm-89	469	29	conference	conference	NOUN
arjefm-89	469	30	on	on	ADP
arjefm-89	469	31	state	state	NOUN
arjefm-89	469	32	of	of	ADP
arjefm-89	469	33	the	the	DET
arjefm-89	469	34	nigerian	nigerian	ADJ
arjefm-89	469	35	economy	economy	NOUN
arjefm-89	469	36	,	,	PUNCT
arjefm-89	469	37	held	hold	VERB
arjefm-89	469	38	at	at	ADP
arjefm-89	469	39	m.	m.	NOUN
arjefm-89	469	40	a.	a.	NOUN
arjefm-89	469	41	auditorium	auditorium	PROPN
arjefm-89	469	42	,	,	PUNCT
arjefm-89	469	43	bayero	bayero	PROPN
arjefm-89	469	44	university	university	PROPN
arjefm-89	469	45	,	,	PUNCT
arjefm-89	469	46	kano	kano	PROPN
arjefm-89	469	47	,	,	PUNCT
arjefm-89	469	48	nigeria	nigeria	PROPN
arjefm-89	469	49	.	.	PUNCT
arjefm-89	469	50	scholnick	scholnick	PROPN
arjefm-89	469	51	,	,	PUNCT
arjefm-89	469	52	b.	b.	PROPN
arjefm-89	469	53	(	(	PUNCT
arjefm-89	469	54	1996	1996	NUM
arjefm-89	469	55	)	)	PUNCT
arjefm-89	469	56	.	.	PUNCT
arjefm-89	470	1	“	"	PUNCT
arjefm-89	470	2	asymmetric	asymmetric	ADJ
arjefm-89	470	3	adjustment	adjustment	NOUN
arjefm-89	470	4	of	of	ADP
arjefm-89	470	5	commercial	commercial	ADJ
arjefm-89	470	6	bank	bank	NOUN
arjefm-89	470	7	interest	interest	NOUN
arjefm-89	470	8	rates	rate	NOUN
arjefm-89	470	9	:	:	PUNCT
arjefm-89	470	10	evidencefrom	evidencefrom	VERB
arjefm-89	470	11	malaysia	malaysia	PROPN
arjefm-89	470	12	and	and	CCONJ
arjefm-89	470	13	singapore	singapore	PROPN
arjefm-89	470	14	”	"	PUNCT
arjefm-89	470	15	journal	journal	NOUN
arjefm-89	470	16	of	of	ADP
arjefm-89	470	17	international	international	ADJ
arjefm-89	470	18	money	money	NOUN
arjefm-89	470	19	and	and	CCONJ
arjefm-89	470	20	finance	finance	NOUN
arjefm-89	470	21	15(3):485	15(3):485	PROPN
arjefm-89	470	22	–	–	PUNCT
arjefm-89	470	23	496	496	NUM
arjefm-89	470	24	.	.	PUNCT
arjefm-89	471	1	siakoulis	siakoulis	PROPN
arjefm-89	471	2	,	,	PUNCT
arjefm-89	471	3	v.	v.	PROPN
arjefm-89	471	4	,	,	PUNCT
arjefm-89	471	5	petropoulos	petropoulos	PROPN
arjefm-89	471	6	,	,	PUNCT
arjefm-89	471	7	a.	a.	NOUN
arjefm-89	471	8	,	,	PUNCT
arjefm-89	471	9	lazaris	lazaris	PROPN
arjefm-89	471	10	,	,	PUNCT
arjefm-89	471	11	p.	p.	PROPN
arjefm-89	471	12	&	&	CCONJ
arjefm-89	471	13	lialiouti	lialiouti	PROPN
arjefm-89	471	14	,	,	PUNCT
arjefm-89	471	15	g.	g.	PROPN
arjefm-89	471	16	(	(	PUNCT
arjefm-89	471	17	2018	2018	NUM
arjefm-89	471	18	)	)	PUNCT
arjefm-89	471	19	.	.	PUNCT
arjefm-89	472	1	“	"	PUNCT
arjefm-89	472	2	interest	interest	NOUN
arjefm-89	472	3	rate	rate	NOUN
arjefm-89	472	4	pass	pass	NOUN
arjefm-89	472	5	-	-	PUNCT
arjefm-89	472	6	through	through	NOUN
arjefm-89	472	7	in	in	ADP
arjefm-89	472	8	the	the	DET
arjefm-89	472	9	euro	euro	PROPN
arjefm-89	472	10	area	area	NOUN
arjefm-89	472	11	:	:	PUNCT
arjefm-89	472	12	are	be	AUX
arjefm-89	472	13	policy	policy	NOUN
arjefm-89	472	14	measures	measure	NOUN
arjefm-89	472	15	efficient	efficient	ADJ
arjefm-89	472	16	in	in	ADP
arjefm-89	472	17	crisis	crisis	NOUN
arjefm-89	472	18	periods	period	NOUN
arjefm-89	472	19	?	?	PUNCT
arjefm-89	472	20	evidence	evidence	NOUN
arjefm-89	472	21	from	from	ADP
arjefm-89	472	22	a	a	DET
arjefm-89	472	23	multi	multi	ADJ
arjefm-89	472	24	state	state	NOUN
arjefm-89	472	25	markov	markov	NOUN
arjefm-89	472	26	model	model	NOUN
arjefm-89	472	27	on	on	ADP
arjefm-89	472	28	a	a	DET
arjefm-89	472	29	panel	panel	NOUN
arjefm-89	472	30	dataset	dataset	VERB
arjefm-89	472	31	”	"	PUNCT
arjefm-89	472	32	2nd	2nd	ADJ
arjefm-89	472	33	annual	annual	ADJ
arjefm-89	472	34	workshop	workshop	NOUN
arjefm-89	472	35	of	of	ADP
arjefm-89	472	36	escb	escb	NOUN
arjefm-89	472	37	research	research	NOUN
arjefm-89	472	38	cluster	cluster	NOUN
arjefm-89	472	39	3	3	NUM
arjefm-89	472	40	,	,	PUNCT
arjefm-89	472	41	organized	organize	VERB
arjefm-89	472	42	jointly	jointly	ADV
arjefm-89	472	43	by	by	ADP
arjefm-89	472	44	the	the	DET
arjefm-89	472	45	bank	bank	PROPN
arjefm-89	472	46	of	of	ADP
arjefm-89	472	47	greece	greece	PROPN
arjefm-89	472	48	and	and	CCONJ
arjefm-89	472	49	the	the	DET
arjefm-89	472	50	european	european	PROPN
arjefm-89	472	51	central	central	PROPN
arjefm-89	472	52	bank	bank	PROPN
arjefm-89	472	53	.	.	PUNCT
arjefm-89	473	1	siklar	siklar	PROPN
arjefm-89	473	2	,	,	PUNCT
arjefm-89	473	3	i.	i.	PROPN
arjefm-89	473	4	,	,	PUNCT
arjefm-89	473	5	dogan	dogan	PROPN
arjefm-89	473	6	,	,	PUNCT
arjefm-89	473	7	e.	e.	PROPN
arjefm-89	473	8	&	&	CCONJ
arjefm-89	473	9	dinc	dinc	PROPN
arjefm-89	473	10	,	,	PUNCT
arjefm-89	473	11	m.	m.	NOUN
arjefm-89	473	12	(	(	PUNCT
arjefm-89	473	13	2016	2016	NUM
arjefm-89	473	14	)	)	PUNCT
arjefm-89	473	15	.	.	PUNCT
arjefm-89	474	1	“	"	PUNCT
arjefm-89	474	2	interest	interest	NOUN
arjefm-89	474	3	rate	rate	NOUN
arjefm-89	474	4	pass	pass	VERB
arjefm-89	474	5	through	through	ADP
arjefm-89	474	6	in	in	ADP
arjefm-89	474	7	turkey	turkey	NOUN
arjefm-89	474	8	:	:	PUNCT
arjefm-89	474	9	the	the	DET
arjefm-89	474	10	measurement	measurement	NOUN
arjefm-89	474	11	of	of	ADP
arjefm-89	474	12	the	the	DET
arjefm-89	474	13	monetary	monetary	ADJ
arjefm-89	474	14	transmission	transmission	NOUN
arjefm-89	474	15	mechanism	mechanism	NOUN
arjefm-89	474	16	dynamics	dynamic	NOUN
arjefm-89	474	17	”	"	PUNCT
arjefm-89	474	18	journal	journal	NOUN
arjefm-89	474	19	of	of	ADP
arjefm-89	474	20	business	business	PROPN
arjefm-89	474	21	&	&	CCONJ
arjefm-89	474	22	economic	economic	ADJ
arjefm-89	474	23	policy	policy	NOUN
arjefm-89	474	24	3(4	3(4	NUM
arjefm-89	474	25	)	)	PUNCT
arjefm-89	474	26	,	,	PUNCT
arjefm-89	474	27	38	38	NUM
arjefm-89	474	28	–	–	SYM
arjefm-89	474	29	45	45	NUM
arjefm-89	474	30	.	.	PUNCT
arjefm-89	475	1	sweiden	sweiden	ADJ
arjefm-89	475	2	,	,	PUNCT
arjefm-89	475	3	o.	o.	PROPN
arjefm-89	475	4	d.	d.	PROPN
arjefm-89	475	5	(	(	PUNCT
arjefm-89	475	6	2011	2011	NUM
arjefm-89	475	7	)	)	PUNCT
arjefm-89	475	8	.	.	PUNCT
arjefm-89	476	1	“	"	PUNCT
arjefm-89	476	2	interest	interest	NOUN
arjefm-89	476	3	rate	rate	NOUN
arjefm-89	476	4	pass	pass	NOUN
arjefm-89	476	5	-	-	PUNCT
arjefm-89	476	6	through	through	NOUN
arjefm-89	476	7	:	:	PUNCT
arjefm-89	476	8	the	the	DET
arjefm-89	476	9	case	case	NOUN
arjefm-89	476	10	of	of	ADP
arjefm-89	476	11	jordan	jordan	PROPN
arjefm-89	476	12	”	"	PUNCT
arjefm-89	476	13	ekonomska	ekonomska	PROPN
arjefm-89	476	14	istraživanja	istraživanja	PROPN
arjefm-89	476	15	,	,	PUNCT
arjefm-89	476	16	24(1	24(1	NUM
arjefm-89	476	17	)	)	PUNCT
arjefm-89	476	18	,	,	PUNCT
arjefm-89	476	19	13	13	NUM
arjefm-89	476	20	–	–	SYM
arjefm-89	476	21	27	27	NUM
arjefm-89	476	22	.	.	X
arjefm-89	477	1	tai	tai	PROPN
arjefm-89	477	2	,	,	PUNCT
arjefm-89	477	3	p.	p.	PROPN
arjefm-89	477	4	n.	n.	PROPN
arjefm-89	477	5	,	,	PUNCT
arjefm-89	477	6	sek	sek	PROPN
arjefm-89	477	7	,	,	PUNCT
arjefm-89	477	8	s.	s.	PROPN
arjefm-89	477	9	k.	k.	PROPN
arjefm-89	477	10	,	,	PUNCT
arjefm-89	477	11	&	&	CCONJ
arjefm-89	477	12	har	har	PROPN
arjefm-89	477	13	,	,	PUNCT
arjefm-89	477	14	w.	w.	PROPN
arjefm-89	477	15	m.	m.	NOUN
arjefm-89	477	16	(	(	PUNCT
arjefm-89	477	17	2012	2012	NUM
arjefm-89	477	18	)	)	PUNCT
arjefm-89	477	19	.	.	PUNCT
arjefm-89	478	1	“	"	PUNCT
arjefm-89	478	2	interest	interest	NOUN
arjefm-89	478	3	rate	rate	NOUN
arjefm-89	478	4	pass	pass	NOUN
arjefm-89	478	5	-	-	PUNCT
arjefm-89	478	6	through	through	NOUN
arjefm-89	478	7	and	and	CCONJ
arjefm-89	478	8	monetary	monetary	ADJ
arjefm-89	478	9	transmission	transmission	NOUN
arjefm-89	478	10	in	in	ADP
arjefm-89	478	11	asia	asia	PROPN
arjefm-89	478	12	.	.	PUNCT
arjefm-89	478	13	”	"	PUNCT
arjefm-89	479	1	faculty	faculty	NOUN
arjefm-89	479	2	of	of	ADP
arjefm-89	479	3	accountancy	accountancy	NOUN
arjefm-89	479	4	and	and	CCONJ
arjefm-89	479	5	management	management	NOUN
arjefm-89	479	6	universiti	universiti	PROPN
arjefm-89	479	7	tunku	tunku	PROPN
arjefm-89	479	8	abdul	abdul	PROPN
arjefm-89	479	9	kahman	kahman	PROPN
arjefm-89	479	10	bandar	bandar	PROPN
arjefm-89	479	11	sungai	sungai	PROPN
arjefm-89	479	12	long	long	PROPN
arjefm-89	479	13	,	,	PUNCT
arjefm-89	479	14	43000	43000	NUM
arjefm-89	479	15	,	,	PUNCT
arjefm-89	479	16	selango	selango	PROPN
arjefm-89	479	17	malaysia	malaysia	PROPN
arjefm-89	479	18	.	.	PUNCT
arjefm-89	480	1	van	van	PROPN
arjefm-89	480	2	leuvensteijn	leuvensteijn	PROPN
arjefm-89	480	3	,	,	PUNCT
arjefm-89	480	4	m.	m.	NOUN
arjefm-89	480	5	,	,	PUNCT
arjefm-89	480	6	sørensen	sørensen	NOUN
arjefm-89	480	7	,	,	PUNCT
arjefm-89	480	8	c.	c.	PROPN
arjefm-89	480	9	k.	k.	PROPN
arjefm-89	480	10	,	,	PUNCT
arjefm-89	480	11	bikker	bikker	PROPN
arjefm-89	480	12	,	,	PUNCT
arjefm-89	480	13	j.	j.	PROPN
arjefm-89	480	14	a.	a.	PROPN
arjefm-89	480	15	&	&	CCONJ
arjefm-89	480	16	van	van	PROPN
arjefm-89	480	17	rixtel	rixtel	PROPN
arjefm-89	480	18	,	,	PUNCT
arjefm-89	480	19	a.	a.	NOUN
arjefm-89	480	20	(	(	PUNCT
arjefm-89	480	21	2008	2008	NUM
arjefm-89	480	22	)	)	PUNCT
arjefm-89	480	23	.	.	PUNCT
arjefm-89	481	1	“	"	PUNCT
arjefm-89	481	2	impact	impact	NOUN
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arjefm-89	481	4	bank	bank	NOUN
arjefm-89	481	5	competition	competition	NOUN
arjefm-89	481	6	on	on	ADP
arjefm-89	481	7	the	the	DET
arjefm-89	481	8	interest	interest	NOUN
arjefm-89	481	9	rate	rate	NOUN
arjefm-89	481	10	pass	pass	VERB
arjefm-89	481	11	-	-	PUNCT
arjefm-89	481	12	through	through	NOUN
arjefm-89	481	13	in	in	ADP
arjefm-89	481	14	the	the	DET
arjefm-89	481	15	euro	euro	PROPN
arjefm-89	481	16	area	area	NOUN
arjefm-89	481	17	.	.	PUNCT
arjefm-89	481	18	”	"	PUNCT
arjefm-89	482	1	banco	banco	PROPN
arjefm-89	482	2	de	de	X
arjefm-89	482	3	españa	españa	PROPN
arjefm-89	482	4	working	working	PROPN
arjefm-89	482	5	paper	paper	NOUN
arjefm-89	482	6	series	series	NOUN
arjefm-89	482	7	,	,	PUNCT
arjefm-89	482	8	documentos	documentos	PROPN
arjefm-89	482	9	de	de	PROPN
arjefm-89	482	10	trabajo	trabajo	PROPN
arjefm-89	482	11	.	.	PUNCT
arjefm-89	483	1	n.º	n.º	PRON
arjefm-89	483	2	0828	0828	NUM
arjefm-89	483	3	.	.	PUNCT
arjefm-89	484	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-89	484	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	PROPN
arjefm-89	485	1	american	american	PROPN
arjefm-89	485	2	research	research	PROPN
arjefm-89	485	3	journal	journal	PROPN
arjefm-89	485	4	of	of	ADP
arjefm-89	485	5	economics	economic	NOUN
arjefm-89	485	6	,	,	PUNCT
arjefm-89	485	7	finance	finance	NOUN
arjefm-89	485	8	and	and	CCONJ
arjefm-89	485	9	management	management	NOUN
arjefm-89	485	10	volume	volume	NOUN
arjefm-89	485	11	11	11	NUM
arjefm-89	485	12	issue	issue	NOUN
arjefm-89	485	13	3	3	NUM
arjefm-89	485	14	,	,	PUNCT
arjefm-89	485	15	july	july	PROPN
arjefm-89	485	16	-	-	PUNCT
arjefm-89	485	17	september	september	PROPN
arjefm-89	485	18	2023	2023	NUM
arjefm-89	485	19	issn	issn	PROPN
arjefm-89	485	20	:	:	PUNCT
arjefm-89	485	21	2836	2836	NUM
arjefm-89	485	22	-	-	SYM
arjefm-89	485	23	9416	9416	NUM
arjefm-89	485	24	impact	impact	NOUN
arjefm-89	485	25	factor	factor	NOUN
arjefm-89	485	26	:	:	PUNCT
arjefm-89	485	27	5.57	5.57	NUM
arjefm-89	485	28	journal	journal	NOUN
arjefm-89	485	29	homepage	homepage	NOUN
arjefm-89	485	30	:	:	PUNCT
arjefm-89	485	31	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	485	32	,	,	PUNCT
arjefm-89	485	33	email	email	NOUN
arjefm-89	485	34	:	:	PUNCT
arjefm-89	486	1	contact@americaserial.com	contact@americaserial.com	PROPN
arjefm-89	486	2	official	official	ADJ
arjefm-89	486	3	journal	journal	PROPN
arjefm-89	486	4	of	of	ADP
arjefm-89	486	5	america	america	PROPN
arjefm-89	486	6	serial	serial	PROPN
arjefm-89	486	7	publication	publication	NOUN
arjefm-89	486	8	american	american	PROPN
arjefm-89	486	9	research	research	PROPN
arjefm-89	486	10	journal	journal	PROPN
arjefm-89	486	11	of	of	ADP
arjefm-89	486	12	economics	economic	NOUN
arjefm-89	486	13	,	,	PUNCT
arjefm-89	486	14	finance	finance	NOUN
arjefm-89	486	15	and	and	CCONJ
arjefm-89	486	16	management	management	NOUN
arjefm-89	486	17	https://americaserial.com/journals/index.php/arjefm	https://americaserial.com/journals/index.php/arjefm	NOUN
arjefm-89	486	18	,	,	PUNCT
arjefm-89	486	19	email	email	NOUN
arjefm-89	486	20	:	:	PUNCT
arjefm-89	486	21	contact@americaserial.com	contact@americaserial.com	X
arjefm-89	487	1	22	22	NUM
arjefm-89	488	1	|	|	ADV
arjefm-89	488	2	p	p	X
arjefm-89	488	3	a	a	DET
arjefm-89	488	4	g	g	PROPN
arjefm-89	488	5	e	e	PROPN
arjefm-89	488	6	von	von	PROPN
arjefm-89	488	7	borstel	borstel	PROPN
arjefm-89	488	8	,	,	PUNCT
arjefm-89	488	9	j.	j.	PROPN
arjefm-89	488	10	,	,	PUNCT
arjefm-89	488	11	eickmeier	eickmeier	PROPN
arjefm-89	488	12	,	,	PUNCT
arjefm-89	488	13	s.	s.	PROPN
arjefm-89	488	14	&	&	CCONJ
arjefm-89	488	15	krippner	krippner	PROPN
arjefm-89	488	16	,	,	PUNCT
arjefm-89	488	17	l.	l.	PROPN
arjefm-89	488	18	(	(	PUNCT
arjefm-89	488	19	2015	2015	NUM
arjefm-89	488	20	)	)	PUNCT
arjefm-89	488	21	.	.	PUNCT
arjefm-89	489	1	“	"	PUNCT
arjefm-89	489	2	the	the	DET
arjefm-89	489	3	interest	interest	NOUN
arjefm-89	489	4	rate	rate	NOUN
arjefm-89	489	5	pass	pass	NOUN
arjefm-89	489	6	-	-	PUNCT
arjefm-89	489	7	through	through	NOUN
arjefm-89	489	8	in	in	ADP
arjefm-89	489	9	the	the	DET
arjefm-89	489	10	euro	euro	PROPN
arjefm-89	489	11	area	area	NOUN
arjefm-89	489	12	during	during	ADP
arjefm-89	489	13	the	the	DET
arjefm-89	489	14	sovereign	sovereign	ADJ
arjefm-89	489	15	debt	debt	NOUN
arjefm-89	489	16	crisis	crisis	NOUN
arjefm-89	489	17	”	"	PUNCT
arjefm-89	489	18	reserve	reserve	PROPN
arjefm-89	489	19	bank	bank	PROPN
arjefm-89	489	20	of	of	ADP
arjefm-89	489	21	new	new	PROPN
arjefm-89	489	22	zealand	zealand	PROPN
arjefm-89	489	23	working	working	PROPN
arjefm-89	489	24	paper	paper	PROPN
arjefm-89	489	25	no	no	INTJ
arjefm-89	489	26	,	,	PUNCT
arjefm-89	489	27	3	3	NUM
arjefm-89	489	28	,	,	PUNCT
arjefm-89	489	29	1	1	NUM
arjefm-89	489	30	–	–	SYM
arjefm-89	489	31	51	51	NUM
arjefm-89	489	32	.	.	PUNCT
arjefm-89	490	1	yilmaz	yilmaz	PROPN
arjefm-89	490	2	,	,	PUNCT
arjefm-89	490	3	a.	a.	PROPN
arjefm-89	490	4	b.	b.	PROPN
arjefm-89	490	5	,	,	PUNCT
arjefm-89	490	6	yergin	yergin	NOUN
arjefm-89	490	7	,	,	PUNCT
arjefm-89	490	8	h.	h.	PROPN
arjefm-89	490	9	&	&	CCONJ
arjefm-89	490	10	oğrak	oğrak	PROPN
arjefm-89	490	11	a.	a.	PROPN
arjefm-89	490	12	(	(	PUNCT
arjefm-89	490	13	2018	2018	NUM
arjefm-89	490	14	)	)	PUNCT
arjefm-89	490	15	.	.	PUNCT
arjefm-89	491	1	“	"	PUNCT
arjefm-89	491	2	an	an	DET
arjefm-89	491	3	application	application	NOUN
arjefm-89	491	4	on	on	ADP
arjefm-89	491	5	interest	interest	NOUN
arjefm-89	491	6	rate	rate	NOUN
arjefm-89	491	7	pass	pass	NOUN
arjefm-89	491	8	-	-	PUNCT
arjefm-89	491	9	through	through	NOUN
arjefm-89	491	10	in	in	ADP
arjefm-89	491	11	turkey	turkey	PROPN
arjefm-89	491	12	”	"	PUNCT
arjefm-89	491	13	international	international	ADJ
arjefm-89	491	14	journal	journal	NOUN
arjefm-89	491	15	of	of	ADP
arjefm-89	491	16	humanities	humanity	NOUN
arjefm-89	491	17	and	and	CCONJ
arjefm-89	491	18	social	social	ADJ
arjefm-89	491	19	science	science	NOUN
arjefm-89	491	20	invention	invention	NOUN
arjefm-89	491	21	,	,	PUNCT
arjefm-89	491	22	7(6	7(6	NUM
arjefm-89	491	23	)	)	PUNCT
arjefm-89	491	24	,	,	PUNCT
arjefm-89	491	25	74	74	NUM
arjefm-89	491	26	–	–	SYM
arjefm-89	491	27	83	83	NUM
arjefm-89	491	28	.	.	PUNCT
arjefm-89	492	1	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X
arjefm-89	492	2	mailto:contact@americaserial.com	mailto:contact@americaserial.com	X