Table 1 Variable definitions and summary statistics
Variables | Definition | Obs | \(\overline{X}\) | σ |
|---|---|---|---|---|
EMP Central Asia | Exchange market pressure index | 280 | 1.778 | 5.738 |
EMP China | Exchange market pressure index of China | 332 | 1.182 | 2.564 |
EMP Russia | Exchange market pressure index of Russia | 332 | 1.051 | 1.545 |
Dollar Index | Dollar index against basket of currencies EUR, JPY,GBP, CAD, CHF, SEK | 336 | 90.680 | 11.373 |
Exchange rate | Exchange rate of CA against dollar | 336 | 760.38 | 1854 |
Current account | In million dollars | 261 | − 152.5 | 1053.3 |
Reserves | Official reserve assets in million dollars | 282 | 9646 | 12,287 |
Broad money | In million dollars (M2)-logged | 241 | 12.35 | 3.737 |
Exports | In million dollars | 261 | 4073 | 6351 |
Imports | In million dollars | 261 | 2999 | 3512 |