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《Journal of Shenyang Ligong University》 2016-06
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Statistical Characteristics of International Interest Elasticity of Deposit

SHEN Shubin;Dongbei University of Finance and Economics;  
Analyzes statistical characteristics of interest elasticity of deposit in 102 countries and their implications in each valid sample period from 1960 to 2008. Interest elasticity of deposit in most countries has the distribution with steep kurtosis and asymmetry characteristics.In the sample consisting of all countries the absolute value of interest elasticity of deposit is in direct proportion to the average economic growth rate and the absolute value of the skewness of interest elasticity of deposit or kurtosis is in inverse proportion to the average economic growth rate. International interest elasticity of deposit as an indicator of structure nature embodies the intimate relation between economic growth and monetary policy under the background of integration of world economy. The higher the degree of non-equilibrium credit market is,the higher the economic growth rate is. The higher the degree of monetary policy pursuing economic growth is,the lower the economic growth rate is.
【Key Words】: interest elasticity of deposit skewness kurtosis economic growth monetary policy
【CateGory Index】: F821.0
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