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Financial Innovation

Table 6 Pairwise correlations results of advanced countries

From: Nexus of governance, macroeconomic conditions, and financial stability of banks: a comparison of developed and emerging countries

 

Variables

1

2

3

4

5

6

7

8

9

10

11

(1)

FSI

1.000

          

(2)

INFL

0.127**

1.000

         

(3)

IR

 − 0.035

0.149**

1.000

        

(4)

MS

0.266***

0.148**

0.348***

1.000

       

(5)

GDPG

0.482***

 − 0.053

0.034

0.144**

1.000

      

(6)

V & A

0.019

 − 0.037

 − 0.285***

 − 0.303***

 − 0.108*

1.000

     

(7)

PS

0.148**

0.089

0.088

0.054

0.093

0.380***

1.000

    

(8)

GE

0.314***

0.113*

0.009

0.363***

0.200***

0.318***

0.487***

1.000

   

(9)

RQ

0.443***

0.120**

0.009

0.358***

0.314***

0.267***

0.422***

0.646***

1.000

  

(10)

RL

0.345***

0.115*

 − 0.053

0.263***

0.188***

0.514***

0.531***

0.518***

0.555***

1.000

 

(11)

CC

0.283***

0.106*

 − 0.028

0.251***

0.153**

0.500***

0.524***

0.522***

0.520***

0.543***

1.000

  1. ***p < 0.01 (1%), **p < 0.05 (5%), *p < 0.1(10%)
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