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Table 2 Effect of competence on financial stability

From: Does competence of central bank governors influence financial stability?

  (1) (2) (3) (4) (5)
LLC NPL CAR CRISIS RISK
Coefficient (t-statistic) Coefficient (t-statistic) Coefficient (t-statistic) Coefficient (t-statistic) Coefficient (t-statistic)
C 24.987 (1.43) 7.417* (1.83) 11.899*** (5.18) 0.641** (2.60) 16.263*** (5.31)
PE − 5.517 (− 0.79) 1.182 (0.70) 1.697* (1.78) 0.035 (0.33) − 1.379 (− 1.07)
EE − 3.408 (− 0.54) 2.675* (1.94) 1.006 (1.29) 0.131 (1.49) − 0.732 (− 0.68)
EA 2.729 (0.50) − 1.255 (− 0.97) 0.782 (1.08) − 0.077 (− 0.91) 1.031 (1.05)
PD − 14.203** (− 1.98) − 3.713** (− 2.17) 1.508 (1.54) 0.093 (0.78) − 1.077 (− 0.81)
AGE 0.756*** (2.84) − 0.014 (− 0.23) 0.019 (0.55) − 0.009*** (2.61) − 0.029 (− 0.61)
GDPR 1.077* (1.86) 0.054 (0.36) − 0.041 (− 0.45) − 0.014 (− 1.64) 0.024 (0.22)
INF 0.198 (0.96) − 0.029 (− 0.28) 0.063 (0.95) 0.0013 (0.43) − 0.058 (1.52)
INT − 0.403 (− 1.18) 0.160* (1.68) − 0.123* (− 1.91) 0.015*** (2.86) − 0.058 (0.93)
R2 84.94 64.19 64.17 47.86 74.06
Adjusted R2 81.63 56.20 57.17 35.95 68.81
F-statistic 25.61 8.04 8.14 4.02 14.12
Fixed effect Yes Yes Yes Yes Yes
Observations 206 204 199 200 221
  1. The results in this table are estimated using fixed-effect regression. Country and period fixed effect were applied
  2. ***, **, * represent significance at 1%, 5%, 10%