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Table 4: Empirical Results across Different CAMEL-based Classifications 1/ 2/
| Variable Name |
Lags 3/ |
Benchmark
(1) |
Good Banks
(always 1 or 2)
(2) |
Bad Banks
(if ever 3, 4 or 5)
(3) |
Very Bad Banks
(if ever 4 or 5)
(4) |
Uninsured Deposits
(% of total deposits) |
15.474
(13.508) |
15.161
(13.452) |
16.185
(13.608) |
16.676
(13.974) |
| UninsDep |
L1D |
0.382***
(0.064) |
0.349***
(0.074) |
0.376***
(0.093) |
0.426***
(0.111) |
| L2D |
0.025
(0.036) |
0.028
(0.045) |
0.005
(0.040) |
-0.065
(0.070) |
| L3D |
-0.002
(0.030) |
-0.027
(0.040) |
0.036
(0.028) |
0.041
(0.058) |
| UninsIntMarg |
D |
0.880*
(0.497) |
1.292*
(0.746) |
0.162
(0.205) |
0.698
(0.680) |
| Size |
D |
9.721***
(2.340) |
8.549***
(3.251) |
10.581***
(2.849) |
13.066***
(4.022) |
| Loans & Leases |
L1D |
0.038*
(0.021) |
0.067**
(0.030) |
-0.008
(0.034) |
-0.043
(0.054) |
| ResidLoans |
L1D |
0.061**
(0.031) |
0.039
(0.039) |
0.093*
(0.050) |
0.195*
(0.106) |
| Equity |
L1D |
0.445***
(0.133) |
0.439**
(0.180) |
0.386***
(0.126) |
0.626***
(0.205) |
| NonCLoans |
L1D |
-0.046
(0.040) |
-0.094
(0.061) |
-0.038
(0.052) |
-0.014
(0.069) |
| GDP |
D |
0.245***
(0.047) |
0.257***
(0.059) |
0.205***
(0.061) |
0.132
(0.128) |
| L1D |
0.090*
(0.049) |
0.141**
(0.061) |
-0.051
(0.069) |
-0.145
(0.164) |
| Infl |
D |
0.599***
(0.187) |
0.908***
(0.245) |
0.140
(0.217) |
-0.352
(0.555) |
| Treas_1 |
D |
-0.474***
(0.146) |
-0.716***
(0.200) |
0.031
(0.107) |
0.283
(0.313) |
| Cons |
-0.048
(0.124) |
0.004
(0.174) |
-0.010
(0.128) |
-0.083
(0.209) |
| Observations |
12826 |
8912 |
3914 |
1380 |
| Banks |
1863 |
1307 |
556 |
207 |
| Test of no AR(1) 4/ |
0.000 |
0.000 |
0.000 |
0.007 |
| Test of no AR(2) 4/ |
0.597 |
0.838 |
0.456 |
0.340 |
| Sargan test 5/ |
0.146 |
0.032 |
0.095 |
0.318 |
1/ Model with endogenous price mechanism.
2/ Coefficients from first-step robust estimations, unless specified otherwise.
3/ LiD = in first difference with i lag(s); and D = in first difference.
4/ AB(i) is the Arellano and Bond test of no autocorrelation of degree i.
5/ Sargan test is based on two-step regression results.
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