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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
  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%