	IMPACT OF ΔDEPOSITS (H1)			IMPACT OF ΔINTEREST (H2)				CAP_CLASS IMPACT OF ΔDEPOSITS (H1A)				CAP_CLASS IMPACT OF ΔINTEREST (H2A)				GSIB IMPACT OF ΔDEPOSITS (H1B)				GSIB IMPACT OF ΔINTEREST (H2B)
		Coef.	t-stat			Coef.	t-stat			Coef.	t-stat			Coef.	t-stat			Coef.	t-stat			Coef.	t-stat
CONSTANT	-	-0.027***	(-5.000)	-		-0.018***	(-3.573)	-		-0.016***	(-3.549)	-		-0.029***	(-4.736)	-		-0.043***	(-5.809)	-		-0.041***	(-5.480)
NPLt	-	-0.017**	(-2.547)	-		-0.005	(-0.921)	-		-0.026***	(-4.659)	+		0.004	(0.612)	+		0.000	(0.074)	+		0.001	(0.141)
ΔNPLt	+	0.029***	(2.945)	+		0.018	(1.857)	+		0.032***	(3.958)	+		0.015	(1.394)	+		0.016	(1.208)	+		0.016	(1.258)
COt	-	-0.828**	(-1.982)	-		-0.463	(-1.180)	-		-1.138***	(-3.377)	-		-0.216	(-0.470)	+		0.528	(0.975)	+		0.576	(1.056)
ALWt-1	+	0.305***	(15.950)	+		0.254***	(14.334)	+		0.323***	(20.922)	+		0.238***	(11.489)	+		0.209***	(8.510)	+		0.220***	(8.923)
LOANt	+	0.013***	(4.526)	+		0.008***	(2.963)	+		0.008***	(3.548)	+		0.011***	(3.710)	+		0.021***	(5.646)	+		0.020***	(5.295)
SIZEt-1	+	0.001***	(4.704)	+		0.000	(1.440)	+		0.000***	(3.868)	+		0.000**	(2.527)	+		0.001***	(3.650)	+		0.001***	(3.511)
ΔGDPt	-	-0.118***	(-8.111)	-		-0.104***	(-7.096)	-		-0.102***	(-8.661)	-		-0.145***	(-8.675)	-		-0.153***	(-8.068)	-		-0.162***	(-8.148)
ΔLOANt	-	-0.001	(-0.514)	-		-0.009***	(-4.039)	+		0.000	(0.002)	-		-0.013***	(-4.718)	-		-0.017***	(-5.234)	-		-0.019***	(-6.105)
ΔUNEMPt	+	0.004	(0.381)	-		-0.016	(-1.394)	-		-0.003	(-0.385)	+		0.002	(0.149)	-		-0.000	(-0.105)	-		-0.000	(-0.007)
EBPTt	+	0.096***	(4.251)	+		0.854***	(61.664)	+		0.082***	(5.018)	+		0.765***	(49.777)	+		0.627***	(38.442)	+		0.621***	(38.036)
ΔDEPOSITSt	-	-0.007***	(-7.037)			-	-	-		-0.004***	(-5.001)			-	-	+		0.004***	(3.445)			-	-
ΔINTERESTt		-	-	+		0.012***	(13.531)			-	-	+		0.006***	(6.541)			-	-	+		0.002	(1.781)
EBPTt * ΔDEPOSITSt	+	0.737***	(27.719)			-	-			-				-	-			-	-			-	-
EBPTt *ΔINTERESTt		-	-	-		-0.774***	(-31.773)			-	-			-	-			-	-			-	-
CAP_CLASS		-	-			-	-	-		-0.002***	(-3.204)	+		0.005***	(4.325)			-	-			-	-
EBPTt * ΔDEPOSITSt* CAP_CLASS		-	-			-	-	+		0.849***	(41.770)			-	-			-	-			-	-
EBPTt * ΔINTERESTt * CAP_CLASS		-	-			-	-			-	-	-		-0.601***	(-21.178)			-	-			-	-
GSIB		-	-			-	-			-	-			-	-			0.004**	(2.454)	+		0.004**	(2.391)
EBPTt * ΔDEPOSITSt* GSIB		-	-			-	-			-	-			-	-	-		-0.566***	(-3.792)			-	-
EBPTt * ΔINTERESTt * GSIB		-	-			-	-			-	-			-	-			-		-		0.028***	(-2.808)
CAPITAL1	-	-0.016**	(-2.267)	-		-0.022***	(-3.293)	-		-0.016***	(-2.603)	-		-0.030***	(-3.578)	-		0.034***	(-3.653)	-		0.032***	(-3.426)
CRISIS	-	-0.001	(-1.126)	+		0.000	(0.239)	-		0.000	(-0.212)	-		-0.001	(-1.496)	-		-0.002	(-1.579)	-		-0.002*	(-1.783)
PIIGSC	-	-0.001	(-1.110)	-		-0.000	(-0.732)	-		-0.001	(-1.368)	-		-0.001	(-1.457)			0.000	(0.004)	-		0.000	(0.415)

R-squared	0.78				0.81				0.86				0.73				0.63				0.63
OBS	1064				1064				1064				1064				1064				1064

Top Countries
US	63
IN	19
GR	18
IE	16
NG	13
EC	11
GB	4
ID	4
TN	4
BG	3

Pageviews and PDF downloads