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Table 8 Effect of competence on financial stability in developed countries

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 65.395*** (2.67) 14.799*** (3.54) 20.654*** (8.89) 0.229 (1.19) 5.636 (1.54)
DV − 28.871 (− 1.38) − 12.428*** (− 3.97) 1.097 (0.62) − 0.091 (− 0.62) 0.007 (0.003)
DV*PE 76.243*** (4.13) 3.810 (1.28) − 1.110 (− 0.66) 0.012 (0.09) 6.266** (2.31)
DV*EE 79.961*** (4.13) 4.347 (1.60) 0.292 (0.19) 0.459*** (3.52) 6.349*** (2.60)
DV*EA 40.523*** (2.61) 2.775 (1.08) − 1.958 (− 1.36) − 0.299** (− 2.28) − 9.423*** (− 4.11)
DV*PD − 28.800 (− 1.36) 7.062** (2.18) − 2.792 (− 1.52) − 0.069 (− 0.45) 1.487 (0.51)
PE − 32.129*** (− 2.75) − 2.407 (− 1.18) 1.060 (0.93) 0.115 (1.18) 4.905*** (2.66)
EE 48.295*** (5.83) 0.649 (0.44) − 0.882 (− 1.06) 0.066 (0.96) − 4.771*** (− 3.64)
EA 48.295*** (5.83) − 3.035** (− 2.35) 1.859*** (2.49) − 0.188*** (− 3.35) 1.299 (1.19)
PD − 9.813 (− 0.84) − 2.775 (− 1.36) 0.402 (0.35) 0.115 (1.17) 1.869 (1.01)
AGE 0.776* (1.92) − 0.077 (− 1.17) − 0.115*** (− 3.18) − 0.002 (− 0.76) 0.061 (1.05)
GDPR − 0.330 (− 0.37) 0.121 (0.73) − 0.115 (− 1.17) − 0.014* (− 1.96) 0.359*** (2.59)
INF − 0.758** (− 2.24) 0.038 (0.39) 0.109* (1.86) 0.002 (0.84) − 0.091* (− 1.71)
INT − 1.969 (− 3.52) 0.189* (1.72) − 0.181** (− 2.70) 0.012*** (2.64) − 0.017 (− 0.19)
R2 45.04 31.55 34.84 42.77 33.67
Adjusted R2 35.98 20.14 23.66 33.01 23.60
F-statistic 4.973 2.76 3.11 4.38 3.34
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. Only period fixed effect was applied
  2. ***, **, * represent significance at 1%, 5%, 10%