Variable | Z-Score | |||
(1) | (2) | (1) | (2) | |
Crisis | Post-Crisis | Crisis | Post-Crisis | |
Tier 1 Cap (−1) | 6.938** (3.421) | 5.470** (2.355) |
|
|
Tier 1 Lev (−1) |
|
| 14.14*** (4.309) | 9.016*** (3.475) |
LLPGL (−1) | −1.252*** (0.285) | −0.504** (0.196) | −1.334*** (0.291) | −0.490** (0.208) |
COV (−1) | −0.111 (0.114) | −0.148* (0.0883) | −0.0545 (0.117) | −0.152* (0.0919) |
TEXASR (−1) | −13.55** (6.644) | −13.40*** (3.823) | −10.53 (6.508) | −13.16*** (3.757) |
SIZE (−1) | −0.0188 (0.111) | −0.0871 (0.0906) | 0.0250 (0.116) | −0.0543 (0.0917) |
LIQ (−1) | −1.935*** (0.679) | −0.0324 (0.729) | −1.556** (0.670) | 0.119 (0.736) |
EFF (−1) | −0.225* (0.126) | −0.383*** (0.122) | −0.208* (0.120) | −0.352*** (0.119) |
ΔGDP (−1) | −0.366 (0.421) | −0.249 (0.277) | −0.259 (0.422) | −0.269 (0.268) |
EURIBOR (−1) | 0.819*** (0.250) | 0.364 (0.364) | 0.648** (0.256) | 0.191 (0.328) |
HHI (−1) | 0.130 (0.816) | −4.680** (2.165) | 0.128 (0.785) | −5.164** (2.226) |
Time FE | Yes | Yes | Yes | Yes |
Country FE | Yes | Yes | Yes | Yes |
Cluster S.E. Bank | Yes | Yes | Yes | Yes |
Observations | 963 | 1,268 | 966 | 1,267 |