Table 2

Country-specific descriptive statistics

StatisticCGCPCPBOCPB
Full sample9.1539.139.4635.6
The Americas9.2445.4446.437.8
Oceania4.164.964.763.3
Africa7.317.416.416.3
Asia13.551.4750.848.6
Europe6.983.496.683.7

Note(s): Variables description. CG = the ratio of credit to government and state-owned enterprises to GDP (%). CP = the ratio of domestic credit to the private sector (% of GDP). CPBO = the ratio of private credit by deposit money banks and other financial institutions to GDP (%). CPB = the ratio of private credit by deposit money banks to GDP (%)

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