Table 9 Effect of competence on financial stability in developing 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 | 36.524 (1.13) | 2.371 (0.48) | 21.752*** (8.08) | 0.139 (0.62) | 5.644 (1.30) |
DN | 28.871 (1.38) | 12.428*** (− 3.97) | − 1.097 (− 0.62) | 0.091 (0.62) | − 0.007 (− 0.003) |
DN*PE | − 76.243*** (− 4.13) | − 3.810 (− 1.28) | 1.110 (0.66) | − 0.012 (− 0.09) | − 6.266** (− 2.31) |
DN*EE | 79.961*** (4.47) | − 4.347 (− 1.60) | 0.292 (0.19) | − 0.459*** (− 3.52) | − 6.349*** (− 2.60) |
DN*EA | − 40.523*** (− 2.61) | − 2.775 (− 1.08) | 1.958 (1.36) | 0.299** (2.28) | 9.423*** (4.11) |
DN*PD | 28.800 (1.36) | − 7.062** (− 2.18) | 2.792 (1.52) | − 0.069 (− 0.45) | − 1.487 (− 0.51) |
PE | 44.114*** (3.11) | 1.403 (0.64) | − 0.050 (− 0.04) | 0.128 (1.19) | 11.171*** (5.64) |
EE | − 31.666** (− 2.01) | 4.996** (2.21) | − 0.591 (− 0.47) | 0.525*** (4.77) | 1.578 (0.77) |
EA | − 8.586 (− 0.62) | − 0.259 (− 0.12) | − 0.099 (− 0.08) | − 0.488*** (− 4.16) | − 8.124*** (− 4.02) |
PD | − 38.614** (− 2.17) | 4.286* (1.72) | − 2.389* (− 1.71) | 0.045 (0.39) | 3.357 (1.48) |
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 |