How Does Capital Account Liberalization Affect Systemic Financial Risks? Evidence from China

Table 3

Parameter estimation results.

Parameter	Mean	Stdev	95%LU	Geweke	Inef
(∑β)1	0.0228	0.0026	(0.0183, 0.0287)	0.883	4.04
(∑β)2	0.0225	0.0025	(0.0182, 0.0279)	0.165	4.64
(∑a)1	0.0909	0.0522	(0.0429, 0.2116)	0.100	72.46
(∑a)2	0.0880	0.0498	(0.0419, 0.2050)	0.256	49.97
(∑h)1	0.2368	0.1499	(0.0718, 0.6394)	0.760	90.84
(∑h)2	0.5041	0.2622	(0.1330, 1.1232)	0.588	76.64