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Table 10 Statistics to the results of Formula 3

From: Interdependence between the stock market and the bond market in one country: evidence from the subprime crisis and the European debt crisis

Regions Short-term Bond Short-term Bond Short-term Bond*Subprime Crisis Short-term Bond* Subprime Crisis Short-term Bond*European Crisis Short-term Bond* European Crisis
Mean Negative Coefficient Mean Negative Coefficient Mean Negative Coefficient
Developed America −0.32 50% −2.88 100% −0.93 100%
Developed Europe 0.30 38% −3.66 94% −1.32 75%
Developed Asia 0.15 40% −1.70 80% 0.12 60%
Emerging America 0.86 25% −1.30 75% −0.74 75%
Emerging Europe 0.26 20% −0.70 40% −0.73 60%
Emerging Asia −1.01 71% 1.04 29% 1.52 29%
Developed Market 0.22 39% −3.16 91% −0.97 74%
Emerging Markets −0.14 44% −0.09 44% 0.25 50%
All 0.07 41% −1.90 72% −0.47 64%
Regions Long-Term Bond Long-Term Bond Long-Term Bond* Subprime Crisis Long-Term Bond*Subprime Crisis Long-Term Bond* European Crisis Long-Term Bond* European Crisis
Mean Negative Coefficient Mean Negative Coefficient Mean Negative Coefficient
Developed America −0.05 100% 0.50 50% 1.00 100%
Developed Europe −0.24 81% 0.25 25% 0.31 31%
Developed Asia −0.13 60% 0.40 40% 0.80 80%
Emerging America 0.13 0% 0.75 75% 1.00 100%
Emerging Europe 0.01 40% 0.20 20% 0.40 40%
Emerging Asia 0.07 29% 0.57 57% 0.71 71%
Developed Market −0.20 78% 0.30 30% 0.48 48%
Emerging Markets 0.06 25% 0.50 50% 0.69 69%
All −0.09 56% 0.38 38% 0.56 56%
  1. * refers to the multiple symbol between two explanatory variables, i.e. the item with * inside is an interaction term