3 Issuing costs of state guaranteed bonds - Financial Risk and ...
3 Issuing costs of state guaranteed bonds - Financial Risk and ...
3 Issuing costs of state guaranteed bonds - Financial Risk and ...
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Table 55: Autocorrelation <strong>of</strong> credit extension<br />
Credit extension<br />
(t)<br />
Credit extension<br />
(t-1)<br />
Credit extension<br />
(t-2)<br />
Credit extension<br />
(t-3)<br />
Credit extension<br />
(t)<br />
1.0000<br />
Annex 8 Investigation <strong>of</strong> estimation issues for models <strong>of</strong> bank outcomes<br />
Credit extension<br />
(t-1)<br />
0.97 1.0000<br />
Credit extension<br />
(t-2)<br />
0.9447 0.9668 1.0000<br />
Credit extension<br />
(t-3)<br />
0.9412 0.936 0.9545 1.0000<br />
Credit extension<br />
(t-4)<br />
Credit extension<br />
(t-4)<br />
0.9669 0.984 0.9555 0.9804 1.0000<br />
Note: Credit extension is measured by net loans<br />
Table 56: Autocorrelation <strong>of</strong> funding outcomes<br />
Funding<br />
(t)<br />
Funding<br />
(t-1)<br />
Funding<br />
(t-2)<br />
Funding<br />
(t-3)<br />
Funding<br />
(t)<br />
1.0000<br />
Funding<br />
(t-1)<br />
0.9712 1.0000<br />
Funding<br />
(t-2)<br />
0.9380 0.9668 1.0000<br />
Funding<br />
(t-3)<br />
0.9421 0.9283 0.9682 1.0000<br />
Funding<br />
(t-4)<br />
Funding<br />
(t-4)<br />
0.9781 0.9613 0.9582 0.9761 1.0000<br />
Note: Funding outcomes are measured by the sum <strong>of</strong> total liabilities <strong>and</strong> equity<br />
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