[雙語翻譯]外文翻譯--利率對銀行存款的影響來自尼日利亞銀行業(yè)的實(shí)證分析

1、英文 英文 3600 單詞， 單詞，1.9 萬英文字符，中文 萬英文字符，中文 5750 字文獻(xiàn)出處： 文獻(xiàn)出處：Ojeaga P, Odejimi O. The Impact of Interest Rate on Bank Deposits:Evidence from the Nigerian Banking Sector[J]. Mpra Paper, 2014, Vol 5(No 16):232-238.The Impact o

2、f Interest Rate on Bank Deposit: Evidence from the Nigerian Banking SectorPaul Ojeaga; Omosefe OdejimiAbstractThe study investigates the effect of interest rates on customer savings behavior in the Nigerian banking secto

3、r, after identifying a host of factors that are likely to influence customer confidence in commercial banks such as average income, commercial lending, legal rights strength, central bank monetary policy and total annual

4、 commercial bank losses, using quantile regression estimation method, a non parametric estimation process that is based on the premise that the sample median will tend to that of the distribution and addresses issues of

5、heteroscedastic errors and data stringency associated with the data used in the study under question. We find that interest rates were probably increasing bank deposits while income was also found to affect bank deposits

6、 in general.Keywords: Interest rates, bank deposits, income, bank losses and monetary policy1. IntroductionThe dynamics between interest rate and customer savings behavior has not been overly researched. While the topic

7、has generated a lot of discussions, no conclusive agreement has been reached as to the nature of how interest rates is likely to affect customer savings behavior particularly in the Nigerian context, furthermore even if

8、many studies have investigated the role of interest rate on savings within the growth and financial business cycle context few have tried to address customers savings concerns as a matter of primary interest using a non

9、parametric estimation technique as we do in this study.A host of factors are likely to affect customer saving behavior in banks, some include the fixed saving interest rates which is likely to affect customers incentive

10、to save, country specific wage rates which will depict the average allowance available after the individual budget demands, aggregate average annual bank losses which is likely to affect customer perception of how well b

11、anks are doing, institutional and regulatory strength which depicts the level of oversight function and internal control effectiveness, average bank lending, and country specific monetary policy as exerted by the country

12、’s apex financial agency such as the Central Bank.Fixed savings account interest rates can also have strong consequences on overall average bank deposit and in most cases it is also affected by bank specific lending inte

13、rest rates since it is customer deposits that are lent to private sector business with the expectations of returns on borrowed capital, making nominal interest rates to have a back-effect on fixed savings interest rates.

14、 Nominal interest rates therefore is likely to have an indirect causal effect on customer savings through fixed savings account interest rates which will probably be true since interest on savings are likely to be paid f

15、rom returns on borrowed capital obtained from nominal interest on borrowed capital.Low interest rates has been known to drive output production in many developed economies, as it creates enabling environment for private

16、business expansion through the provision of easy access to capital for further production purposes. In December 2013 the United States all share index continued to soar amidst the Fed report to maintain interest rates at

17、 an all time low compared to domestic banks.This study investigates the impact of interest rates on bank deposit in Nigeria, the findings can have strong implication for the apex Bank monetary policy as well as provide u

18、seful incites for many commercial banks. For how interest rates affect bank deposits see the study by Walsh (2003) for further discussion.4. Stylized Facts on Interest Rates and Bank DepositIn this section we present sty

19、lized facts on the study under question. Average bank deposits is continually on the increase in Nigeria see Fig. 1 below, this can be attributed to sustained customer excess revenue allocation after taking care of their

20、 yearly budgetary expenditure concerns. Sustained growth particularly in global commodity prices and the reintroduction of democratic rule since 1999 has meant that workers have been able to agitate through dialogue adju

21、stment to wage rates to meet with current inflation trends in the Nigerian economy.The riskiness of the Nigerian business environment despite an annual average growth of approximately 7.4 percent in the past 4 years is s

22、till a matter of concern for the Central Bank of Nigeria the apex monetary regulatory agency in Nigeria. Fig. 2 below shows that since the major Nigerian banking reforms of 2009/2010 average interest rates have skyrocket

23、ed to over 10% depicting the riskiness in the Nigeria business environment. The riskiness of the business environment is likely to have a back effect of depositor’s perception of the Nigerian commercial bank ability to m

24、aintain stable banking environment this is likely to affect overall liquidity of banks. The expected relationship between interest rates and depositors perception will be one in which interest rates will have a positive

25、 effect on deposits if the business environment becomes relatively stable.Aggregate income is also on the increase see fig3 this is particularly noticeable from the early 2000s, legal rights strength which we use as a me

26、asure of oversight function is also on the decrease meaning that regulatory agencies effectiveness in checking irregular activities in the Nigerian banking sector is not likely to be yielding sufficient results to boost

27、customer perceptions regarding the integrity of the management of Nigerian banks.The drastic reduction in the oversight functions see fig.4 also depicts judiary strength in effectively prosecuting bank officials accused

28、of fraud and other miscoduct. The 2010 commercial bank management crises also brings to fore these existing weaknesses since the judiciary has till date not be able to arrive at conclusive verdicts of the indicted bank m

29、anagement staffs concerned, the intervention by government and political officials also remains a constant reminder of the weakness of the judiciary and regulatory agencies in effectively checking banking irregularities