期刊名称：Brain. Broad Research in Artificial Intelligence and Neuroscience
印刷版ISSN：2067-3957
出版年度：2018
卷号：9
期号：4
页码：177-185
语种：English
出版社：EduSoft publishing
摘要：There are many factors that influence investor behaviour. One of them is interest rates applied by commercial banks. The aim of this study is to investigate whether changes in interest rates have an impact on the Turkish deposit investor’s behaviour and to determine whether interest rates are the cause of deposit volume changes or not. For this purpose, deposit interest rates and monthly deposit volume data in the Turkish banking system for the period 2012 and 2018 was used. The data was tested using time series analysis. The Augmented Dickey Fuller (ADF) test was used to determine if the series is stationary and the Toda-Yamamoto Causality test was used to reveal the causality between the two data streams. Findings show that there is a causality between interest rates and deposit volume. This is in the line with McKinnon-Shaw’s Theory, suggesting that the investors increase their deposit investments when interest rates rise. These findings offer important implications for policy makers.
