# Appendix B. Definitions and Summary statistics (cont.)

|**Variable Name**|**Level**|**Definition**|**Obs#**|**Mean**|**Median**|**Min**|**Max**|**St. Dev.**|
|---|---|---|---|---|---|---|---|---|
|Bank Credit / GDP|Country|Private credit by deposit money banks as a share of GDP, taking the average from 2007 to the latest<br>derived from Financial Development and Structure Dataset in the World Bank database.|41|0.35|0.30|0.08|0.96|0.22|
|Supervisory Forbearance Discretion|Country|Whether the supervisory authorities may engage in forbearance when confronted with violations of<br>laws and regulations or other imprudent behavior. Higher values indicate greater discretion taking<br>the average of 2003 and 2007 derived from Bank Regulation and Supervision Dataset in the World<br>Bank database.|33|1.09|1.00|0.00|2.50|0.74|
|Independence of Supervisory<br>Authority-Political|Country|The degree to which the supervisory authority is independent within the government from political<br>influence. Higher values signify greater independence taking the average of 2003 and 2007 derived<br>from Bank Regulation and Supervision Dataset in the World Bank database.|30|0.33|0.00|0.00|1.00|0.48|
|Percentage of Ten biggest Banks<br>Rated by Domestic Credit Rating<br>Agencies|Country|The percentage of the top ten banks that are rated by domestic credit rating agencies taking the<br>average of 2003 and 2007 derived from Bank Regulation and Supervision Dataset in the World<br>Bank database.|30|24.20|0.00|0.00|100.00|31.82|
|Europe and Central Asia dummy|MFI|Dummy equal to one if the institution is in Europe and Central Asia in MIX dataset.|772|0.12|0|0|1|0.33|
|Latin America and Caribbean<br>dummy|MFI|Dummy equal to one if the institution is in Latin America and Caribbean in MIX dataset.|772|0.34|0|0|1|0.48|
|Sub-Saharan Africa dummy|MFI|Dummy equal to one if the institution is in Sub-Saharan Africa in MIX dataset.|772|0.11|0|0|1|0.32|
|60<br>South Asia dummy|MFI|Dummy equal to one if the institution is in South Asia in MIX dataset.|772|0.22|0|0|1|0.41|
|<br>East Asia and Pacific dummy|MFI|Dummy equal to one if the institution is in East Asia and Pacific in MIX dataset.|772|0.17|0|0|1|0.37|
|Bank dummy|MFI|Dummy equal to one if the institution is commercial bank in MIX dataset.|772|0.07|0|0|1|0.26|
|Credit Union & coop dummy|MFI|Dummy equal to one if the institution is credit union & coop in MIX dataset.|772|0.08|0|0|1|0.27|
|NGO dummy|MFI|Dummy equal to one if the institution is NGO in MIX dataset.|772|0.42|0|0|1|0.49|
|NBFI dummy|MFI|Dummy equal to one if the institution is non-bank financial institution in MIX dataset.|772|0.32|0|0|1|0.47|
|Rural bank dummy|MFI|Dummy equal to one if the institution is rural bank in MIX dataset.|772|0.09|0|0|1|0.28|
|Combined group dummy|MFI|Dummy equal to one if the institution is a bank, credit union & coop or rural bank in MIX dataset.|772|0.24|0|0|1|0.43|
|Preferring individual lending<br>dummy|MFI|Dummy equal to one if the institution's gross loan portfolio on individual lending is larger than the<br>two lending methodologies, solidarity and village lending, taking the average from 2007 to 2009 of<br>MIX dataset.|772|0.60|1|0|1|0.49|
|Preferring solidarity lending<br>dummy|MFI|Dummy equal to one if the institution's gross loan portfolio on solidarity lending is larger than the<br>two lending methodologies, individual and village lending, taking the average from 2007 to 2009 of<br>MIX dataset.|772|0.30|0|0|1|0.46|
|Log of total ass (PPP$)|MFI|Log of assets in purchasing power parity terms, taking the average from 2007 to 2009 of MIX<br>dataset.|772|16.62|16.55|10.71|22.87|1.90|

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