银行风险 | 资产负债表渠道 | 汇率渠道 | 资产价格渠道 (股价) | 资产价格渠道 (房价) |
跨境资本流动 | −9.4070 | 1.7516*** | 1.1075*** | −1.6148*** |
社会融资规模 | −0.1271 | −0.3207*** | −0.2853** | −0.1476 |
M2增量 | 0.1710 | 0.2375** | 0.2167** | 0.1757* |
PMI指数 | −0.3992** | −0.1684 | −0.2108 | −0.1036 |
银行资产负债率 | −2.7712 | — | — | — |
银行资产负债率 × 跨境资本流动 | 9.7886 | — | — | — |
汇率 | — | 2.1106*** | — | — |
汇率 × 跨境资本流动 | — | −2.3274*** | — | — |
股价 | — | — | 3.0749*** | — |
股价 × 跨境资本流动 | — | — | −3.6909*** | — |
房价 | — | — | — | −2.3724*** |
房价 × 跨境资本流动 | — | — | — | 2.8616*** |
_cons | 3.2995 | −1.2918*** | −0.6331* | 1.5485*** |