Financial development and financial crises
| Variable | logit | logit2 | logit3 |
|---|---|---|---|
| INF | 0.05 (3.29)*** | ||
| CHINN | −0.18 (−1.01) | −0.24 (−1.39) | −0.22 (−1.22) |
| GDP | −0.09 (−1.67)* | −0.10 (−1.97)** | −0.10 (−1.87)* |
| CA | −0.05 (−1.81)* | −0.06 (−2.88)*** | −0.04 (−1.74)* |
| BC | 0.02 (2.58)*** | 0.01 (1.13) | 0.01 (1.79)* |
| RINT | −0.06 (−0.99) | ||
| RDEP | −0.09 (−1.30) | ||
| RINT#BC | 0.002 (0.33) | ||
| RDEP#BC | 0.001 (0.74) | ||
| constant | −3.96 (−5.15)*** | −2.43 (−3.35)*** | −3.06 (−4.20)*** |
| pseudo R2 | 0.17 | 0.12 | 0.11 |
| chi-squared | 35.88*** | 24.19*** | 22.03*** |
| Variable | logit | logit2 | logit3 |
|---|---|---|---|
| INF | 0.05 (3.29) | ||
| CHINN | −0.18 (−1.01) | −0.24 (−1.39) | −0.22 (−1.22) |
| GDP | −0.09 (−1.67) | −0.10 (−1.97) | −0.10 (−1.87) |
| CA | −0.05 (−1.81) | −0.06 (−2.88) | −0.04 (−1.74) |
| BC | 0.02 (2.58) | 0.01 (1.13) | 0.01 (1.79) |
| RINT | −0.06 (−0.99) | ||
| RDEP | −0.09 (−1.30) | ||
| RINT#BC | 0.002 (0.33) | ||
| RDEP#BC | 0.001 (0.74) | ||
| constant | −3.96 (−5.15) | −2.43 (−3.35) | −3.06 (−4.20) |
| pseudo | 0.17 | 0.12 | 0.11 |
| chi-squared | 35.88 | 24.19 | 22.03 |
Notes: (***), (**) and (*) indicate significance at 1%, 5% and 10% levels respectively