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 |