Table 11 Definitions of variables
From: At what levels of financial development does information sharing matter?
Variables | Signs | Definitions of variables | Sources |
|---|---|---|---|
Economic Financial Depth | M2 | Money Supply (% of GDP) | World Bank (FDSD) |
Financial System Depth | Fdgdp | Liquid Liabilities (% of GDP) | World Bank (FDSD) |
Banking System Efficiency | BcBd | Bank credit on Bank deposits | World Bank (FDSD) |
Financial System Efficiency | FcFd | Financial credit on Financial deposits | World Bank (FDSD) |
Banking System Activity | Prcb | Private domestic credit from deposit banks (% of GDP) | World Bank (FDSD) |
Financial System Activity | Prcbof | Private domestic credit from financial institutions (% of GDP) | World Bank (FDSD) |
Financial Size | Dbacba | Deposit bank assets on Central bank assets plus Deposit bank assets | World Bank (FDSD) |
Information Asymmetry | PCR | Public credit registry coverage (% of adults) | World Bank (WDI) |
PCB | Private credit bureau coverage (% of adults) | World Bank (WDI) | |
Economic Prosperity | GDPg | GDP Growth (annual %) | World Bank (WDI) |
Inflation | Infl | Consumer Price Index (annual %) | World Bank (WDI) |
Public Investment | PubIvt | Gross Public Investment (% of GDP) | World Bank (WDI) |
Development Assistance | NODA | Total Net Official Development Assistance (% of GDP) | World Bank (WDI) |
Trade openness | Trade | Imports plus Exports in commodities (% of GDP) | World Bank (WDI) |