Table 10 Statistics to the results of Formula 3
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% |