Asymmetric Procyclicality of Chinese Banking and the Countercyclical Buffer of Basel III

Table 1

Summary statistics.

	Loan growth rate	Growth rate of industrial added value
Mean	18.9048	14.0346
Std. Dev.	5.1818	4,3156
Skewness	0.7920	0.7027
Kurtosis	3.6216	3.7667
Jarque-Bera stat	28.4406	29.0476
Ljung-Box stat	1525.3	876.77
ARCH LM stat	3.5049	2.3368
Linear correlation	0.2556

This table presents some summary statistics of the data used in this paper. The Ljung-Box test and ARCH LM test are conducted using 10 lags. An asterisk (*) indicates a rejection of the null hypothesis at the 0.05 level.