EVIEWS_CORREL_2

Time UR Public_debt Gov_deficit Emp_exp Debt_service Int_exp Loans_nonfin

2023-12-31 6.3 73.0807449 -1.7598719
2022-12-31 75.3164276 -2.2744171
2022-10-31
2022-09-30 18.4 21.4
2022-08-31 79.7937595 -2.8884029 18.2 17.2
2022-07-31 18.2 15.7
2022-06-30 25.3 17.2 12.3
2022-05-31 17.1 1.5 11.6
2022-04-30 87.3387179 -7.3241355 19.5 9.5
2022-03-31 24.2 1.5 6.8
2022-02-28 2.3
2022-01-31 7.6 0.5
2021-12-31 71.1310822 0.234962 26.7 18.5 1.6 1.2
2021-11-30 2.2
2021-10-31 1.8
2021-09-30 24.8 16 1.7 1.2
2021-08-31 73.3253495 -0.0297271 1.4
2021-07-31 1
2021-06-30 24.6 1.8 1.2
2021-05-31 1.4
2021-04-30 76.6573027 0.7531149 1
2021-03-31 23.2 2 0.9
2021-02-28 3.9
2021-01-31 7.5 5.6
2020-12-31 79.8089561 -0.926182 26 19.5 2 5.2
2020-11-30 2.8
2020-10-31 4.3
2020-09-30 25.8 2.1 4.9
2020-08-31 83.3311703 -3.4112489 4.7
2020-07-31 6.2
2020-06-30 26 2.1 4.8
2020-05-31 4.6
2020-04-30 83.91631 -5.474056 5.2
2020-03-31 24.2 2.1 6.1
2020-02-29 3.1
2020-01-31 6.6 2
2019-12-31 80.3288451 -5.4877056 26.9 18.6 2.2 1.9
2019-11-30 0.5
2019-10-31 -1.2
2019-09-30 27 2.2 -1.7
2019-08-31 69.4470745 -5.4501555 -0.5
2019-07-31 2.2 -1.1
2019-06-30 0.4
2019-05-31 1.6
2019-04-30 63.6718804 -7.874977 2.2 1.7
2019-03-31 2.6
2019-02-28 3.5
2019-01-31 8.5 3.4

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2018-12-31 57.3111624 -6.4040861 2.3 2.2

2018-11-30 4
2018-10-31 4.7
2018-09-30 2.4 4.1
2018-08-31 48.390751 -6.1513474 3.3
2018-07-31 3.4
2018-06-30 2.5 4.2
2018-05-31 4.1
2018-04-30 39.0961666 -2.850495 4.3
2018-03-31 2.6 5.1
2018-02-28 5.1
2018-01-31 11.2 4.6
2017-12-31 37.2158263 -2.2137066 2.6 5
2017-11-30 4
2017-10-31 3.2
2017-09-30 2.8 4.4
2017-08-31 38.4573661 -3.0525359 4.1
2017-07-31 3.7
2017-06-30 2.9 2.6
2017-05-31 0.6
2017-04-30 40.9331148 -3.5483476 0.3
2017-03-31 3 -0.7
2017-02-28 -1.2
2017-01-31 13.1 0.4
2016-12-31 39.9897865 -5.0430362 3.1 1.5
2016-11-30 1
2016-10-31 0.8
2016-09-30 0.1
2016-08-31 37.8736555 -4.4800211 0.1
2016-07-31 -0.1
2016-06-30 0
2016-05-31 -0.4
2016-04-30 36.4623573 -3.2705687 -1
2016-03-31 -1.8
2016-02-29 -2
2016-01-31 16.2 -2.9
2015-12-31 36.5656351 -2.166129 -3.2
2015-11-30 -3.1
2015-10-31 -2.1
2015-09-30 -2.2
2015-08-31 35.3923241 -2.9788239 -2.6
2015-07-31 -2.7
2015-06-30 -2.5
2015-05-31 -1.8
2015-04-30 28.7875091 -1.1204968 -2.3
2015-03-31 -2
2015-02-28 -1.9
2015-01-31 17.3 -3.2
2014-12-31 22.5599693 1.9765068 -3.4

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2014-11-30 24.5959237 0.3169814 -4.5

2014-10-31 25.0503847 0.7633821 -4.8
2014-09-30 22.2530961 -0.3481517 -4.5
2014-08-31 -3.9
2014-07-31 -3.7
2014-06-30 -4.1
2014-05-31 -3.5
2014-04-30 -2.6
2014-03-31 -1.1
2014-02-28 -1.2
2014-01-31 17.3 0
2013-12-31 0.5
2013-11-30 -3.1
2013-10-31 -4.1
2013-09-30 -5
2013-08-31 -5.5
2013-07-31 -5.4
2013-06-30 -4.9
2013-05-31 -5.1
2013-04-30 -9.4
2013-03-31 -12.4
2013-02-28 -12.3
2013-01-31 16 -12.1
2012-12-31 -12.3
2012-11-30 -6.6
2012-10-31 -4.2
2012-09-30 -2.7
2012-08-31 -1.3
2012-07-31 -1
2012-06-30 -0.6
2012-05-31 -0.3
2012-04-30 4.1
2012-03-31 6.7
2012-02-29 7.7
2012-01-31 13.7 7.2
2011-12-31 7.2
2011-11-30
2011-10-31
2011-09-30
2011-08-31
2011-07-31
2011-06-30
2011-05-31
2011-04-30
2011-03-31
2011-02-28
2011-01-31 11.7
2010-12-31
2010-11-30

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2010-10-31
2010-09-30
2010-08-31
2010-07-31
2010-06-30
2010-05-31
2010-04-30
2010-03-31
2010-02-28
2010-01-31 9.2
2009-12-31
2009-11-30
2009-10-31
2009-09-30
2009-08-31
2009-07-31
2009-06-30
2009-05-31
2009-04-30
2009-03-31
2009-02-28
2009-01-31 8.6
2008-12-31
2008-11-30
2008-10-31
2008-09-30
2008-08-31
2008-07-31
2008-06-30
2008-05-31
2008-04-30
2008-03-31
2008-02-29
2008-01-31 9.9
2007-12-31
2007-11-30
2007-10-31
2007-09-30
2007-08-31
2007-07-31
2007-06-30
2007-05-31
2007-04-30
2007-03-31
2007-02-28
2007-01-31 11.3
2006-12-31
2006-11-30
2006-10-31

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2006-09-30
2006-08-31
2006-07-31
2006-06-30
2006-05-31
2006-04-30
2006-03-31
2006-02-28
2006-01-31 12.8
2005-12-31

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 EVIEWS_CORREL_2

Margin_morgage House_P LTC CROBEX Cr_depo NPL Y W_FCY_Loans

2.5998 3.18 65
2.5067 2.48 68.07
2.4362 3.31 54.29
2.2266 129.75 65.2343 1907.14 1325284 3.02 36.97
2.2307 1928.91 2.96 46.22
2.1589 1906.28 2.43 34.3
2.4281 132.95 66.4564 2000.79 1359418 2.08 40.24
2.5715 1968.96 1.23 39.16
2.5586 2012.13 0.7 47.75
2.5538 134.19 64.2213 2078.38 1380371 342740 0.38 37.51
2.5993 2129.32 0.32 53.59
2.6311 2098.47 0.32 48.18
2.6007 139.03 64.6472 1999.68 1488834 0.37 48.37
2.6726 2132.61 0.43 46.2
2.5558 2079.35 0.45 50.96
2.3148 141.44 68.0577 1981 1483387 0.49 45.97
2.4016 2032.51 0.5 45.91
2.5588 1999.24 0.5 47.91
2.8128 144.99 69.6616 1967.54 1469038 0.51 56.35
2.8461 1948.31 0.52 56.42
2.6569 1980.49 0.58 56.66
2.5062 152.25 69.7142 1932.84 1439267 375500 0.63 50.81
2.4892 1893.51 0.73 67.26
2.6912 1872.22 0.78 53.28
3.1147 157.94 69.8352 1830.19 1341993 0.79 57.46
2.8722 1786.24 0.85 54.83
2.7755 1739.29 0.97 50.68
2.7843 71.5268 1702.37 1279961 0.96 59.71
2.8301 1574.68 0.91 46.62
3.0443 1608.54 1.24 57.46
2.8276 73.8019 1617.09 1128399 0.96 59.07
2.7785 1573.77 0.57 46.4
2.8612 1621.55 0.61 57.79
2.7717 72.9126 1635.37 1165479 384971 0.59 52.82
2.5704 1544.3 0.53 50.45
2.4764 1480.51 0.47 48.75
2.7381 71.9806 1863.4 1181437 0.49 50.65
2.9234 2041.52 0.83 59.85
2.8168 2017.43 1.06 55.78
2.8879 75.4874 1995.61 1229069 1.36 55.41
2.9064 1991.98 1.69 53.98
2.9128 1963.54 1.82 57.27
2.9126 75.4391 1873.36 1270480 2.07 54.49
3.0314 1911.58 2.31 59.61
3.2585 1883.11 2.23 56.66

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3.0703 73.516 1851.2 1292747 499986 2.04 58.35

2.9063 1837.98 2.07 56.66
3.4091 1797.81 2.09 55.26
3.302 73.671 1798.98 1415640 2.14 58.5
3.2434 1761.79 2.18 53.86
3.1868 1748.81 2.26 62.2
3.2115 1729.38 2.2 55.79
3.1133 2.16 55.62
3.0972 2.12 56.87
3.209 2.19 59.8
3.1588 2.27 66.89
3.4147 2.35 70.95
3.1166 2.47 63.71
2.927 2.65 62.25
3.1429 2.66 59.11
3.2334 2.71 59.96
3.4447 2.87 59.3
3.5003 2.78 52.36
3.5918 2.83 67.72
3.534 3.01 67.79
3.6048 2.98 65.39
3.5521 2.74 59.08
3.7586 2.71 66.51
3.8214 2.8 72.71
3.6928 2.95 76.8
3.5736 3.01 67.31
3.6909 3.07 74.19
3.7494 3.34 76.11
3.7822 3.58 67.66
3.7987 3.75 78.38
3.6691 3.81 74.68
3.8087 3.52 74.74
3.7081 3.62 76.02
4.2673 3.66 77.18
4.3101 3.68 74.56
4.3405 3.84 88.87
4.1727 3.92 85.59
3.693 3.86 79.53
3.8999 3.93 80.16
3.5382 3.91 85.08
3.5349 3.9 86.64
3.5527 4.23 88.57
3.4432 3.07 85.93
3.4145 2.98 83.84
3.3034 3.17 84.06
3.3043 3.08 84.11
3.1505 3.24 88.24
3.4274 3.32 88.81
3.1853 3.52 89.23

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3.3976 3.52 81.5

3.2545 3.54 86.43
3.1921 3.57 88.1
2.9521 3.68 87.96
2.9679 3.72 89.54
3.2254 3.94 84.83
3.2195 4.31 82.32
2.9919 4.41 85.92
2.7035 4.51 83.46
3.0371 4.78 83.96
2.2518 5.11 86
3.017 5.1 89.05
3.0235 4.97 83.65
2.9979 4.99 84.54
2.595 4.92 88.37
2.9037 5.04 89.32
2.9419 4.91 87.56
2.9047 4.63 87.86
2.7452 4.38 88.55
2.6184 4.34 85.5
2.202 4.32 81.62
2.6746 4.28 76.68
2.4488 4.29 86.97
2.5029 4.54 96.15
2.0817 4.6 89.08
2.9806 4.78 94.67
2.8312 5.58 91.88
2.5107 6.36 92.36
2.633 6.43 92.62
2.6817 6.37 94.8
2.6112 6.5 92.95
2.5103 6.59 92.81
2.3027 7 91.84
2.2546 7.26 95.9
2.2207 7.54 94.75
2.4858 7.67 96.02
7.15
6.81
6.6
6.46
6.24
6.04
6.03
6.1
6.25
6.57
6.55
6.47
6.43

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EVIEWS_CORREL_2

6.41
6.44
6.48
6.56
6.29
6.1
6.22
6.43
5.64
5.95
6.22
6.91
8.64
8.6
8.56
8.53
8.23
8.44
8.4
7.81
6.82
6.83
7.13
7.07
6.26
5.94
5.87
5.81
5.76
5.71
5.79
5.83
5.78
5.55
5.44
5.37
5.22
5.15
5.1
5.04
4.88
4.63
4.47
4.48
4.67
4.75
4.72
4.7
4.75

Page 9
EVIEWS_CORREL_2

4.69
4.64
4.64
4.51
4.44
4.2
3.91
3.93
4.04
4.42

Page 10
 EVIEWS_CORREL_2

W_Assets_d W_assets_f Herfindal CLIFS CISS P_CA P_FDI

0.2544
0.1797 0.4744
3.18 116.58 0.159 0.4698 -1404.10179671405
0.1988 0.4362
0.1258 0.4415
2.48 116.35 0.1129 0.4014 -10.0517427307894 540.696696577857
0.2096 0.3363
0.1337 0.3067
3.31 121.65 0.1641 0.2884 -26.0929231405502 1832.19129797253
0.1144 0.1993
0.0714 0.1007
3.02 123.94 0.1589 0.0595 0.1262 -3.92205579612409 2478.11812309221
0.1419 0.1165
0.0699 0.0564
2.96 127.37 0.0527 0.0342 38.3591959322391 2249.67726638038
0.0356 0.0308
0.0474 0.0362
2.43 129.72 0.0531 0.0311 -7.28132306126146 3290.59725828854
0.0579 0.0309
0.0832 0.0275
2.08 127.66 0.0651 0.04 -10.9531736884791 1762.70115678491
0.0661 0.0418
0.0952 0.0414
1.23 121.8 0.1582 0.0817 0.0496 -2.14299953485281 1057.91913083926
0.1319 0.0417
0.1303 0.0531
0.7 116.45 0.1125 0.071 15.6415478615071 -151.014256619145
0.1154 0.0975
0.2135 0.1044
0.38 109.53 0.2315 0.1346
0.334 0.1805
0.2841 0.2519
0.32 110.29 0.0353 0.2623
0.0738 0.0623
0.07 0.0637
0.32 110.91 0.1564 0.046 0.0865
0.0592 0.0804
0.0433 0.0732
0.37 110.65 0.0531 0.0942
0.086 0.1136
0.0951 0.0928
0.43 110.13 0.1047 0.1051
0.0983 0.0927
0.1027 0.087
0.45 111.19 0.0984 0.1169
0.1007 0.1355
0.0749 0.1327

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0.49 111.09 0.1554 0.061 0.1619

0.1674 0.1609
0.0436 0.1784
0.0753 0.161
0.0759 0.1484
0.0735 0.1271
0.0917 0.1419
0.0668 0.0746
0.088 0.0499
0.118 0.0565
0.0736 0.0536
0.0623 0.0606
0.1387 0.1009 0.0616
0.1284 0.0516
0.0575 0.0509
0.05 0.0534
0.0783 0.0686
0.0605 0.083
0.1342 0.0893
0.1228 0.1002
0.0824 0.129
0.0465 0.1457
0.0647 0.1502
0.0245 0.1199
0.1405 0.034 0.1177
0.0484 0.0901
0.0502 0.067
0.0631 0.0635
0.0984 0.0692
0.0467 0.0907
0.0797 0.0824
0.0653 0.0835
0.0351 0.0918
0.059 0.0749
0.0367 0.0696
0.0393 0.0644
0.1396 0.0362 0.0692
0.0496 0.0663
0.0545 0.0685
0.0753 0.0868
0.0283 0.1121
0.0767 0.1124
0.0502 0.1104
0.0529 0.1048
0.1336 0.0884
0.0752 0.1013
0.0241 0.0999
0.0211 0.1195
0.0243 0.0855

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0.0464 0.0787
0.0231 0.0825
0.0374 0.0594
0.0332 0.066
0.0331 0.0593
0.0312 0.0783
0.0271 0.083
0.076 0.0673
0.0515 0.0838
0.0607 0.0963
0.0263 0.1132
0.0385 0.1305
0.0405 0.1222
0.0421 0.1795
0.0733 0.2023
0.1484 0.1949
0.0476 0.2277
0.0438 0.2524
0.1212 0.2159
0.094 0.2542
0.142 0.2835
0.0759 0.2779
0.0792 0.2738
0.0906 0.3054
0.1809 0.3246
0.0729 0.3564
0.103 0.3951
0.095 0.4122
0.0961 0.4855
0.0945 0.4758
0.1792 0.4455
0.1608 0.4293
0.2122 0.4207
0.1962 0.4481
0.1299 0.5184
0.2415 0.5264
0.2007 0.5461
0.1281 0.4899
0.1297 0.4746
0.04 0.4255
0.0397 0.4189
0.0406 0.3137
0.0383 0.2749
0.0596 0.2828
0.098 0.3023
0.2077 0.2943
0.1396 0.3462
0.1065 0.348
0.1209 0.3359

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0.1452 0.277
0.1643 0.2944
0.1277 0.2836
0.2766 0.3016
0.1485 0.3072
0.094 0.2692
0.2128 0.1647
0.104 0.1585
0.1532 0.1641
0.1288 0.1748
0.1511 0.2005
0.1912 0.1849
0.1393 0.2246
0.1835 0.2105
0.1938 0.2785
0.142 0.2745
0.1129 0.3587
0.1365 0.3692
0.2534 0.3559
0.1336 0.4408
0.2263 0.4242
0.2014 0.4386
0.2017 0.4553
0.1379 0.4799
0.0814 0.5221
0.1101 0.4236
0.1279 0.3024
0.1676 0.3634
0.2452 0.4265
0.2296 0.459
0.2351 0.4564
0.2153 0.4704
0.1718 0.4236
0.1504 0.3311
0.0443 0.2583
0.1697 0.2785
0.035 0.2568
0.0287 0.2443
0.0436 0.2285
0.0723 0.1474
0.079 0.1005
0.0372 0.0682
0.0877 0.0573
0.066 0.0556
0.0379 0.0501
0.0709 0.0578
0.0543 0.0516
0.0791 0.0733
0.0375 0.0763

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0.0744 0.0715
0.0606 0.0667
0.1416 0.0915
0.0796 0.0867
0.0751 0.0831
0.0657 0.0602
0.0692 0.0609
0.0409 0.0354
0.0278 0.0403
0.0663 0.0371

Page 15