Effects of Macroeconomic Variables and Gold Prices on Banks’ Total Deposits Using Empirical Evidence on Egypt from January 2022 to June 2023
El Araby, L., Petro, I. (2025). Effects of Macroeconomic Variables and Gold Prices on Banks’ Total Deposits Using Empirical Evidence on Egypt from January 2022 to June 2023. EKB Journal Management System, 2(2), 1-15. doi: 10.21608/jaebs.2025.462984
Lamees El Araby; Ihab Raouf Petro. "Effects of Macroeconomic Variables and Gold Prices on Banks’ Total Deposits Using Empirical Evidence on Egypt from January 2022 to June 2023". EKB Journal Management System, 2, 2, 2025, 1-15. doi: 10.21608/jaebs.2025.462984
El Araby, L., Petro, I. (2025). 'Effects of Macroeconomic Variables and Gold Prices on Banks’ Total Deposits Using Empirical Evidence on Egypt from January 2022 to June 2023', EKB Journal Management System, 2(2), pp. 1-15. doi: 10.21608/jaebs.2025.462984
El Araby, L., Petro, I. Effects of Macroeconomic Variables and Gold Prices on Banks’ Total Deposits Using Empirical Evidence on Egypt from January 2022 to June 2023. EKB Journal Management System, 2025; 2(2): 1-15. doi: 10.21608/jaebs.2025.462984

Effects of Macroeconomic Variables and Gold Prices on Banks’ Total Deposits Using Empirical Evidence on Egypt from January 2022 to June 2023

Journal of Advances in Economics and Business Studies
Volume 2, Issue 2, October 2025, Pages 1-15    PDF (525.62 K)
Document Type: Original Article
DOI: 10.21608/jaebs.2025.462984
Authors
Lamees El Araby1; Ihab Raouf Petro2
1Head of International Economics Department, Faculty of Economics and International Trade, Egyptian Chinese University
2Head of Finance and Investment Department, Faculty of Economics and International Trade, Egyptian Chinese University
Abstract
The research study the impact each of macroeconomic indicators of Exchange Rate, Inflation Rate, Interest Rate, in 
addition to global market indicator of Gold-Ounce 24k price daily and monthly data, on Total deposits, Government 
deposits, non-government deposits in local currency, in addition to non-government deposits in foreign currency for 
the period of Jan 1st, 2022, to June 30th, 2023 using the regression model of the Generalized Method of Moments 
(GMM). The correlation test showed that correlation coefficients among the variables under study, the outcomes 
indicate that all the variables are positively correlated with each other. By reviewing the Generalized Method of 
Moments (GMM) regression model. The results indicated that the macroeconomic indicators representing the 
independent variables of the research showed a strong significant effect on Egypt’s total deposits with its different 
categories during the mentioned period. 
Keywords
Inflation; Interest Rate; Exchange Rate; Gold Prices; Total Bank Deposits; Government Deposit; Non-Government Deposit; Egypt; GMM
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