Interest rate liberalisation and financial crises
| Variable | logit | logit2 | logit3 | logit4 |
|---|---|---|---|---|
| CHINN | −0.30 (−1.78)* | −0.31 (−1.81)* | −0.37 (−2.07)** | −0.35 (−1.92)* |
| GDP | −0.10 (−2.22)** | −0.11 (−2.22)** | −0.10 (−1.93)* | −0.10 (−2.01)** |
| CA | −0.03 (−1.40) | −0.05 (−2.32)** | −0.04 (−1.67)* | −0.05 (−2.56)** |
| REG | 0.69 (1.46) | 0.55 (1.01) | ||
| RDEP | −0.03 (−1.54) | −0.04 (−1.77)* | ||
| RINT | −0.04 (−1.90)* | −0.04 (−1.59)* | ||
| RDEP#REG | 0.05 (0.75) | |||
| RINT#REG | −0.01 (−0.01) | |||
| C | −1.90 (−6.09)*** | −1.64 (−4.97)*** | −2.10 (−5.98)*** | −1.74 (−4.68)*** |
| Pseudo R-squared | 0.09 | 0.10 | 0.10 | 0.11 |
| chi-square | 16.64*** | 21.09*** | 19.08*** | 22.67*** |
| Variable | logit | logit2 | logit3 | logit4 |
|---|---|---|---|---|
| CHINN | −0.30 (−1.78) | −0.31 (−1.81) | −0.37 (−2.07) | −0.35 (−1.92) |
| GDP | −0.10 (−2.22) | −0.11 (−2.22) | −0.10 (−1.93) | −0.10 (−2.01) |
| CA | −0.03 (−1.40) | −0.05 (−2.32) | −0.04 (−1.67) | −0.05 (−2.56) |
| REG | 0.69 (1.46) | 0.55 (1.01) | ||
| RDEP | −0.03 (−1.54) | −0.04 (−1.77) | ||
| RINT | −0.04 (−1.90) | −0.04 (−1.59) | ||
| RDEP#REG | 0.05 (0.75) | |||
| RINT#REG | −0.01 (−0.01) | |||
| C | −1.90 (−6.09) | −1.64 (−4.97) | −2.10 (−5.98) | −1.74 (−4.68) |
| Pseudo R-squared | 0.09 | 0.10 | 0.10 | 0.11 |
| chi-square | 16.64 | 21.09 | 19.08 | 22.67 |
Notes: (***), (**) and (*) indicate significance at 1%, 5% and 10% levels respectively