Table 2 Pairwise correlations.
From: Did the 2012 Spanish law reform to protect mortgage debtors modify banks’ lending behavior?
Mortgage Loans | Loans per 1000 inhabitants | Sales | Interest rate | Loan amount | Monthly payment | Monthly payment/wage cost | Unemployment rate | Inflation rate | House price (euros per m2) | |
|---|---|---|---|---|---|---|---|---|---|---|
Mortgage Loans | 1.000 | |||||||||
Loans per 1000 inhabitants | 0.415*** | 1.000 | ||||||||
Sales | 0.943*** | 0.227*** | 1.000 | |||||||
Interest rate | 0.089*** | 0.245*** | 0.089*** | 1.000 | ||||||
Loan amount | 0.503*** | 0.540*** | 0.394*** | 0.160*** | 1.000 | |||||
Monthly payment | 0.453*** | 0.514*** | 0.363*** | 0.468*** | 0.928*** | 1.000 | ||||
Monthly payment/wage cost | 0.409*** | 0.623*** | 0.388*** | 0.621*** | 0.736*** | 0.850*** | 1.000 | |||
Unemployment rate | −0.124*** | −0.635*** | −0.059* | −0.012 | −0.626*** | −0.515*** | −0.519*** | 1.000 | ||
Inflation rate | 0.133*** | 0.299*** | 0.210*** | 0.385*** | 0.319*** | 0.358*** | 0.485*** | 0.473*** | 1.000 | |
House price (euros per m2) | 0.411*** | 0.411*** | 0.315*** | 0.240*** | 0.875*** | 0.884*** | 0.645*** | −0.280*** | 0.049* | 1.000 |
