| 货币国际化 萌芽期 | 货币国际化 发展期 | 货币国际化 成熟期 |
变量 | curin1 | curin2 | curin3 |
gdp | 0.031 (1.34) | 0.014 (0.63) | 0.775*** (13.86) |
exp | −0.003* (−1.94) | −0.033*** (−8.26) | −0.193*** (−7.72) |
imp | 0.001 (0.52) | 0.029*** (9.52) | 0.089*** (3.48) |
iip | 0.019*** (5.57) | 0.045*** (2.89) | 0.550*** (17.14) |
fin | −0.001*** (−2.64) | −0.006*** (−5.68) | −0.104*** (−10.76) |
inf | −0.004* (−1.80) | −0.062*** (−3.48) | −0.016 (−0.47) |
exch | −0.005*** (−3.65) | 0.041*** (3.09) | −0.228*** (−9.76) |
back | 0.584*** (8.86) | 0.819*** (18.09) | 0.830*** (56.55) |
Constant | 0.423*** (6.40) | 1.696*** (7.39) | 13.596*** (11.45) |
Wald chi2 | 1169.41 | 4071.90 | 926272.58 |
Prob > chi2 | 0.0000 | 0.0000 | 0.0000 |