Table 1

Variable definition and source

VariableIndicator nameData source
CGThe ratio of credit to government and state-owned enterprises to GDP (%)GFDI
CPThe ratio of domestic credit to the private sector (% of GDP)GFDI
CPBOThe ratio of private credit by deposit money banks and other financial institutions to GDP (%)GFDI
CPBThe ratio of private credit by deposit money banks to GDP (%)GFDI

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