Regression-1			Regression-2
Dep. var. = Severe banking crisis	Coefficient	Std Error	Dep. var. = Severe banking crisis	Coefficient	Std Error
GDP growth_t-4	0.0276^*	0.0150	GDP growth	−0.1487^***	0.0429
Inflation	0.0017^**	0.0008	Inflation	0.0009	0.0008
Terms of trade_t-4	1.0140^**	0.4780	Terms-of-trade_t-4	0.9800^***	0.3791
Real interest	−0.0001	0.0004	Real interest	0.0002	0.0003
M2/reserves	0.0004	0.0008	M2/reserves	0.0013	0.0012
Credit growth_t-4	0.0152^**	0.0070	Credit growth_t-4	0.0148^***	0.0061
Per capita GDP	−0.0895^**	0.0381	Per-capita-GDP	−0.1003^***	0.0385
Remains of the past crises	−5.7562^*	3.0821	Remains of the past crises	−6.2215^**	3.1266
Existence of DIS	0.8685^***	0.35	Existence of DIS	0.9667^***	0.3647
Obs	1408		Obs	1406
Log likelihood	−308.7		Log likelihood	−299
Wald chi²	69.08		Wald chi²	82.44
Prob > chi²	0		Prob > chi²	0
Pseudo R²	0.0511		Pseudo R²	0.0806