Emerging Research on Monetary Policy, Banking, and Financial Markets by Cristi Spulbar;Ramona Birau;

Author:Cristi Spulbar;Ramona Birau;
Language: eng
Format: epub, pdf
Publisher: IGI Global

Table 23. Dependent: Regulatory capital to risk-weighted assets (%)

(1) (2) (3) (4) (5) (6) (7) (8) (9)

Lerner index -10.878

(12.217) -24.068*

(12.620) -5.132

(11.812)

Lerner index (squared) 27.498

(22.919) 68.560**

(27.538) 24.882

(23.984)

Bank concentration (%) 0.106

(0.199) 0.288

(0.344) 0.086

(0.189)

Bank concentration (%) (squared) -0.000

(0.001) -0.002

(0.003) 0.000

(0.001)

Boone indicator 1.177

(4.070) 2.119

(4.713) 2.333**

(1.110)

Boone indicator (squared) -0.678

(1.473) 2.194

(1.462) 0.995***

(0.314)

Stock market capitalization to GDP (%) -0.021**

(0.010) -0.044***

(0.011) -0.025**

(0.010) -0.004

(0.012) -0.030**

(0.014) -0.015

(0.012) -0.019**

(0.009) -0.046***

(0.010) -0.021**

(0.009)

Stock market turnover ratio 0.018

(0.018) 0.011

(0.017) 0.017

(0.019) 0.034

(0.039) 0.057*

(0.034) 0.120***

(0.036) 0.014

(0.016) 0.006

(0.015) 0.013

(0.017)

Stock market turnover ratio (squared) -0.000*

(0.000) -0.000

(0.000) -0.000*

(0.000) -0.000

(0.000) -0.000*

(0.000) -0.000***

(0.000) -0.000

(0.000) -0.000

(0.000) -0.000*

(0.000)

Bank credit to bank deposits (%) 0.029***

(0.010) 0.020**

(0.010) 0.029***

(0.009) 0.024**

(0.011) 0.002

(0.001) 0.022

(0.017) -0.073

(0.241) 0.007

(0.012) 0.019

(0.013)

Return on equity (%) 0.008

(0.008) 0.009

(0.008) 0.017

(0.009)

Lending-deposit spread (%) -0.019

(0.103) -0.128

(0.122) -0.373***

(0.117) -0.073

(0.241)

Net interest margin (%) 0.243

(0.245) 0.256

(0.241)

Constant -0.225

(2.900) 0.732

(6.253) 0.412

(3.383) 4.545

(3.458) -4.380

(11.459) 2.309

(4.829) 2.727

(3.510) 2.234

(7.055) 0.989

(3.579)

Number of panel observations 126 126 126 72 72 72 129 129 129

Arellano-Bond test for zero autocorrelation in first-differenced errors (H0: no autocorrelation) – AR(2) N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A.

Sargan test of over-identifying restrictions (H0: over-identifying restrictions are valid) 12.210

(Probability > χ2 = 0.02) 39.686

(Probability > χ2 = 0.05) 13.274

(Probability > χ2 = 0.01) 13.675

(Probability > χ2 = 0.01) 12.042

(Probability > χ2 = 0.02) 11.875

(Probability > χ2 = 0.02) 14.078

(Probability > χ2 = 0.01) 9.912

(Probability > χ2 = 0.04) 12.026

(Probability > χ2 = 0.02)

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