Table 4

Correlation for EU countries

VariableEPULLPNPL
EPU1.000  
LLP−0.249**1.000 
 (−2.12)  
 ((0.04))  
NPL−0.269**0.973***1.000
 (−2.31)(34.83) 
 ((0.02))((0.00)) 

Note(s): t-statistics are reported in single parenthesis. p-values are reported in double parenthesis. *** and ** indicate statistical significance at the 1 and 5% level, respectively

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