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 |