| NPL | PRICE | RGDP | CPI | RATE |
NPL (-1) | 0.965333 | 0.152769 | −0.097282 | 0.005569 | −1.320582 |
| (0.07524) | (0.06836) | (0.05057) | (0.00856) | (0.34249) |
| [12.8293] | [2.23477] | [−1.92370] | [0.65025] | [−3.85582] |
PRICE (-1) | −0.287790 | 0.451297 | 0.196876 | 0.035752 | 4.008670 |
| (0.18405) | (0.16721) | (0.12370) | (0.02095) | (0.83773) |
| [−1.56367] | [2.69900] | [1.59162] | [1.70675] | [4.78514] |
RGDP (-1) | −0.524462 | −0.204314 | 0.705167 | 0.103745 | 3.132000 |
| (0.23263) | (0.21135) | (0.15635) | (0.02648) | (1.05888) |
| [−2.25445] | [−0.96671] | [4.51021] | [3.91821] | [2.95784] |
CPI (-1) | 0.561995 | −0.675432 | 1.891771 | 0.218369 | −6.969223 |
| (1.66032) | (1.50841) | (1.11587) | (0.18897) | (7.55728) |
| [0.33849] | [−0.44778] | [1.69533] | [1.15557] | [−0.92219] |
RATE (-1) | 0.018897 | 0.025023 | −0.016574 | −0.001379 | −0.140298 |
| (0.03295) | (0.02994) | (0.02215) | (0.00375) | (0.14999) |
| [0.57346] | [0.83581] | [−0.74837] | [−0.36765] | [−0.93536] |
C | 0.996155 | 8.317043 | −9.867460 | 3.093306 | −7.842460 |
| (7.40134) | (6.72416) | (4.97431) | (0.84239) | (33.6888) |
| [0.13459] | [1.23689] | [−1.98369] | [3.67204] | [−0.23279] |