Descriptive statistics
| Variable | Obs. | Mean | Std. | Min | Max |
|---|---|---|---|---|---|
| For investigating the driving role of shadow banking | |||||
| CODCR | 108 | 33.250 | 9.479 | 10.720 | 48.030 |
| MLFR | 108 | 12.070 | 4.512 | 1.342 | 18.190 |
| nonMLFR | 108 | 21.180 | 5.588 | 8.939 | 30.750 |
| SBR | 108 | 24.830 | 5.254 | 17.150 | 32.710 |
| FER | 108 | 68.520 | 5.563 | 59.440 | 82.250 |
| Treasury_yield | 108 | 2.491 | 0.497 | 1.244 | 3.746 |
| dM1_M2 | 108 | 1.710 | 6.323 | −15.200 | 11.700 |
| TreasuryIssueR | 108 | 1.489 | 0.849 | 0.134 | 4.090 |
| gM2 | 108 | 10.200 | 1.722 | 8.000 | 14.000 |
| CPI | 108 | 1.739 | 1.117 | −0.500 | 5.400 |
| NIM | 108 | 2.112 | 0.210 | 1.692 | 2.540 |
| GREI | 108 | 4.826 | 8.471 | −16.300 | 38.300 |
| lnFE | 108 | 10.370 | 0.051 | 10.310 | 10.550 |
| gTrade | 108 | 4.597 | 14.29 | −22.410 | 67.790 |
| exchangerate | 108 | 6.709 | 0.294 | 6.203 | 7.309 |
| dr007 | 108 | 2.586 | 0.561 | 1.556 | 4.650 |
| giav | 108 | 5.883 | 6.633 | −25.870 | 52.340 |
| lnstockfin | 108 | 8.164 | 0.456 | 6.869 | 8.896 |
| For investigating the role of CMP and shadow banking in bank risk | |||||
| CODCR | 8,048 | 0.311 | 0.083 | 0.079 | 0.423 |
| MLFR | 8,048 | 0.122 | 0.040 | 0.013 | 0.169 |
| nonMLFR | 8,048 | 0.189 | 0.051 | 0.063 | 0.271 |
| SBR | 8,048 | 0.264 | 0.045 | 0.184 | 0.327 |
| Bank risk | 8,048 | 0.781 | 0.493 | 0.0004 | 11.010 |
| lnTA | 8,048 | 26.640 | 1.456 | 23.15 | 31.170 |
| profit | 8,048 | 0.007 | 0.003 | −0.009 | 0.025 |
| CAR | 8,048 | 13.470 | 1.703 | 9.960 | 26.170 |
| RWAR | 8,048 | 0.677 | 0.212 | 0.226 | 6.957 |
| LDR | 8,048 | 1.422 | 0.313 | 0.636 | 12.140 |
| LEV | 8,048 | 0.075 | 0.014 | 0.046 | 0.217 |
| NPL | 8,048 | 1.583 | 0.670 | 0.040 | 18.450 |
| shareholderratio | 8,048 | 21.640 | 19.180 | 2.340 | 100.000 |
| board | 8,048 | 12.910 | 2.493 | 5.000 | 20.000 |
| iboard | 8,048 | 0.309 | 0.091 | 0.000 | 0.625 |
| provisioncoverage | 8,048 | 4.007 | 1.432 | 0.000 | 8.000 |
| EPU1 | 8,048 | 251.500 | 211.600 | 102.400 | 4,935 |
| CPIEG | 8,048 | 526.8 | 237.4 | 82.09 | 970.800 |
| a_hs300return | 8,048 | 14.33 | 30.85 | −38.30 | 178.900 |
| dr007 | 8,048 | 0.0002 | 0.003 | −0.007 | 0.009 |
| gM2 | 8,048 | 2.448 | 0.374 | 1.464 | 4.596 |
| Variable | Obs. | Mean | Std. | Min | Max |
|---|---|---|---|---|---|
| CODCR | 108 | 33.250 | 9.479 | 10.720 | 48.030 |
| MLFR | 108 | 12.070 | 4.512 | 1.342 | 18.190 |
| nonMLFR | 108 | 21.180 | 5.588 | 8.939 | 30.750 |
| SBR | 108 | 24.830 | 5.254 | 17.150 | 32.710 |
| FER | 108 | 68.520 | 5.563 | 59.440 | 82.250 |
| Treasury_yield | 108 | 2.491 | 0.497 | 1.244 | 3.746 |
| dM1_M2 | 108 | 1.710 | 6.323 | −15.200 | 11.700 |
| TreasuryIssueR | 108 | 1.489 | 0.849 | 0.134 | 4.090 |
| gM2 | 108 | 10.200 | 1.722 | 8.000 | 14.000 |
| CPI | 108 | 1.739 | 1.117 | −0.500 | 5.400 |
| NIM | 108 | 2.112 | 0.210 | 1.692 | 2.540 |
| GREI | 108 | 4.826 | 8.471 | −16.300 | 38.300 |
| lnFE | 108 | 10.370 | 0.051 | 10.310 | 10.550 |
| gTrade | 108 | 4.597 | 14.29 | −22.410 | 67.790 |
| exchangerate | 108 | 6.709 | 0.294 | 6.203 | 7.309 |
| dr007 | 108 | 2.586 | 0.561 | 1.556 | 4.650 |
| giav | 108 | 5.883 | 6.633 | −25.870 | 52.340 |
| lnstockfin | 108 | 8.164 | 0.456 | 6.869 | 8.896 |
| CODCR | 8,048 | 0.311 | 0.083 | 0.079 | 0.423 |
| MLFR | 8,048 | 0.122 | 0.040 | 0.013 | 0.169 |
| nonMLFR | 8,048 | 0.189 | 0.051 | 0.063 | 0.271 |
| SBR | 8,048 | 0.264 | 0.045 | 0.184 | 0.327 |
| Bank risk | 8,048 | 0.781 | 0.493 | 0.0004 | 11.010 |
| lnTA | 8,048 | 26.640 | 1.456 | 23.15 | 31.170 |
| profit | 8,048 | 0.007 | 0.003 | −0.009 | 0.025 |
| CAR | 8,048 | 13.470 | 1.703 | 9.960 | 26.170 |
| RWAR | 8,048 | 0.677 | 0.212 | 0.226 | 6.957 |
| LDR | 8,048 | 1.422 | 0.313 | 0.636 | 12.140 |
| LEV | 8,048 | 0.075 | 0.014 | 0.046 | 0.217 |
| NPL | 8,048 | 1.583 | 0.670 | 0.040 | 18.450 |
| shareholderratio | 8,048 | 21.640 | 19.180 | 2.340 | 100.000 |
| board | 8,048 | 12.910 | 2.493 | 5.000 | 20.000 |
| iboard | 8,048 | 0.309 | 0.091 | 0.000 | 0.625 |
| provisioncoverage | 8,048 | 4.007 | 1.432 | 0.000 | 8.000 |
| EPU1 | 8,048 | 251.500 | 211.600 | 102.400 | 4,935 |
| CPIEG | 8,048 | 526.8 | 237.4 | 82.09 | 970.800 |
| a_hs300return | 8,048 | 14.33 | 30.85 | −38.30 | 178.900 |
| dr007 | 8,048 | 0.0002 | 0.003 | −0.007 | 0.009 |
| gM2 | 8,048 | 2.448 | 0.374 | 1.464 | 4.596 |
Source(s): The table is created by authors