| Bank deposits to GDP | Stock Market Capitalization to GDP | Central Bank Assets to GDP |
Equation (1) | Negative (0.1%) | Negative | Negative (0.1%) |
Equation (2) | Positive (0.1%) | Positive (5%) | Negative (0.1%) |
Equation (3) | Positive (0.1%) | Positive | Positive (10%) |