CRED

M2

REM

GDP

INF

FDI

Panel A: Summary Statistics

Mean

2.518

3.063

0.224

6.580

11.439

1.987

Median

2.652

3.068

0.654

6.481

4.761

1.160

Std. Dev.

0.690

0.370

1.781

0.552

21.691

3.329

Minimum

0.433

1.878

−5.638

5.612

−8.1967

−14.53

Maximum

3.743

4.043

2.369

7.848

219.002

32.302

Panel B: Correlation Matrix

CRED

1.000

M2

0.663*

1.000

REM

0.508*

0.316*

1.000

GDP

0.306*

0.174*

−0.031

1.000

INF

−0.477*

−0.267*

−0.537*

0.044

1.000

FDI

0.027

0.130*

0.204*

−0.008

−0.060

1.000