Notations | Variable explanation | Source (s) | Estimated effect |
---|---|---|---|
NPLs | Ratio of non-performing loans to Total bank loans | World bank, IMF & Annual report | * (dep. v) |
M2GDP | Broad money supply as % of GDP | World Bank | (−) |
EXC | Exchange rate (average) | IMF | ( +) |
GDP | GDP growth rate as annual percent | World bank | (−) |
FISCAL | Government net lending/borrowing as % of GDP | World bank | ( +) |
INFL | Inflation on consumer Prices as annual % | World bank | ( +)/(−) |
DEBT | Sovereign Debt, Consolidated as % of GDP | IMF | ( +) |