| Variable . | (1) . | (2) . | (3) . |
|---|---|---|---|
| Constant | 38.4** (0.045) | 37.6** (0.05) | 39.1** (0.042) |
| Restrictions (R) | −7.55** (1.75) | −7.50** (2.01) | −7.255** (2.01) |
| Jurisdictional Uncertainty (JU) | 0.22** (0.080) | 0.25** (0.080) | |
| Capital Control (CAPLIB) | −0.095 (0.04) | ||
| R2 | 0.28 | 0.31 | 0.33 |
| No. of countries | 66 | 66 | 66 |
| No. of observations | 369 | 358 | 358 |
| Variable . | (1) . | (2) . | (3) . |
|---|---|---|---|
| Constant | 38.4** (0.045) | 37.6** (0.05) | 39.1** (0.042) |
| Restrictions (R) | −7.55** (1.75) | −7.50** (2.01) | −7.255** (2.01) |
| Jurisdictional Uncertainty (JU) | 0.22** (0.080) | 0.25** (0.080) | |
| Capital Control (CAPLIB) | −0.095 (0.04) | ||
| R2 | 0.28 | 0.31 | 0.33 |
| No. of countries | 66 | 66 | 66 |
| No. of observations | 369 | 358 | 358 |
Dependent Variable: Dollarization Index (DOLLAR)
*Significant at the 10 percent level.
**Significant at the 5 percent level.
| Variable . | (1) . | (2) . | (3) . |
|---|---|---|---|
| Constant | 38.4** (0.045) | 37.6** (0.05) | 39.1** (0.042) |
| Restrictions (R) | −7.55** (1.75) | −7.50** (2.01) | −7.255** (2.01) |
| Jurisdictional Uncertainty (JU) | 0.22** (0.080) | 0.25** (0.080) | |
| Capital Control (CAPLIB) | −0.095 (0.04) | ||
| R2 | 0.28 | 0.31 | 0.33 |
| No. of countries | 66 | 66 | 66 |
| No. of observations | 369 | 358 | 358 |
| Variable . | (1) . | (2) . | (3) . |
|---|---|---|---|
| Constant | 38.4** (0.045) | 37.6** (0.05) | 39.1** (0.042) |
| Restrictions (R) | −7.55** (1.75) | −7.50** (2.01) | −7.255** (2.01) |
| Jurisdictional Uncertainty (JU) | 0.22** (0.080) | 0.25** (0.080) | |
| Capital Control (CAPLIB) | −0.095 (0.04) | ||
| R2 | 0.28 | 0.31 | 0.33 |
| No. of countries | 66 | 66 | 66 |
| No. of observations | 369 | 358 | 358 |
Dependent Variable: Dollarization Index (DOLLAR)
*Significant at the 10 percent level.
**Significant at the 5 percent level.
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