Research Article
Bank Lending, Inflation, and China's Stock Market (2004–2010)
Table 2
Summary statistics for the Shanghai index and survey data.
(a) All variables in levels |
| Variables | Number of observations | Mean | Standard deviation | Minimum | Maximum |
| Banking Business Index | 28 | 67.39 | 1.88 | 63.80 | 70.70 | Bankers’ Confidence | 28 | 53.63 |
18.50 | 21.00 | 82.40 | Current Price Satisfaction | 28 | 35.97 | 9.42 | 13.80 | 51.45 | Future Price Expectation | 28 | 67.52 | 7.22 | 53.05 | 81.70 | Shanghai A-Share Index | 28 |
2559.36 |
1220.96 |
1135.12 |
5827.66 |
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(b) All variables converted to log growth rates |
| Variable | Number of observations | Mean | Standard deviation | Minimum | Maximum |
| Banking Business Index | 27 | 0.002 | 0.019 | −0.045 | 0.037 | Bankers’ Confidence | 27 |
0.0003 | 0.276 | −0.558 | 0.446 | Current Price Satisfaction | 27 |
−0.049 | 0.136 | −0.462 | 0.146 | Future Price Expectation | 27 | 0.010 | 0.094 | −0.233 | 0.181 | Shanghai A-Share Index | 27 | 0.018 | 0.204 | −0.416 | 0.425 |
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