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Table 4 IRF estimates

From: Financial development during COVID-19 pandemic: the role of coronavirus testing and functional labs

Response of ln(M2)

Months

ln(M2)

ln(CASES)

ln(CRITICAL)

ln(DEATHS)

ln(RECOVERED)

ln(TEST)

September 2020

− 0.081765

0.089245

− 0.046740

− 0.199513

− 0.141159

0.100580

October 2020

0.082794

0.059305

− 0.119642

− 0.169229

− 0.056978

0.135813

November 2020

0.067628

0.081026

− 0.069807

− 0.131688

− 0.048519

0.123965

December 2020

0.098690

0.073576

− 0.060632

− 0.135930

− 0.097395

0.101724

January 2021

0.074980

0.072148

− 0.064648

− 0.155917

− 0.105412

0.103957

February 2021

0.089666

0.072536

− 0.084623

− 0.149722

− 0.067994

0.120638

March 2021

0.084261

0.078691

− 0.075475

− 0.141624

− 0.062926

0.117800

April 2021

0.082537

0.076289

− 0.064024

− 0.144353

− 0.088953

0.107160

May 2021

0.083375

0.073653

− 0.070595

− 0.151179

− 0.093733

0.108972

  1. ‘ln’ shows natural logarithm, M2 shows broad money supply, CASES show COVID-19 registered cases, DEATHS show COVID-19 death cases, RECOVERED shows COVID-19 recovered cases, CRITICAL shows COVID-19 critical cases, and TEST show COVID-19 testing capacity