From: Corruption and its diverse effect on credit risk: global evidence
Capitalization | Credit Disclosure Index | Corruption | GDP Growth | Inflation | Public Debt | Remittance | Trade Openness | Credit Risk | Unemployment | |
---|---|---|---|---|---|---|---|---|---|---|
Capitalization | 1.00 | |||||||||
Credit Disclosure Index | 0.38 | 1.00 | ||||||||
Corruption | − 0.11 | − 0.22 | 1.00 | |||||||
GDP Growth | − 0.05 | − 0.07 | 0.09 | 1.00 | ||||||
Inflation | − 0.05 | − 0.05 | 0.12 | − 0.04 | 1.00 | |||||
Public Debt | 0.00 | − 0.02 | − 0.20 | − 0.06 | − 0.03 | 1.00 | ||||
Remittance | 0.19 | 0.18 | − 0.28 | 0.00 | − 0.04 | 0.08 | 1.00 | |||
Trade Openness | 0.07 | 0.04 | − 0.30 | 0.06 | − 0.04 | 0.09 | − 0.04 | 1.00 | ||
Credit Risk | 0.53 | 0.23 | − 0.04 | − 0.10 | − 0.03 | 0.00 | 0.11 | 0.05 | 1.00 | |
Unemployment | 0.01 | − 0.02 | 0.04 | − 0.07 | 0.02 | − 0.04 | 0.04 | − 0.04 | 0.08 | 1.00 |