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Table 6 Statistics to the results of Formula 2

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 Short-term Bond Short-term Bond* Crisis Dummy Short-term Bond* Crisis Dummy Short-term Bond* Crisis Dummy Short-term Bond* Crisis Dummy
Mean Median Standard Error Negative Coefficient Mean Median Standard Error Negative Coefficient
Developed America −0.31 −0.31 0.51 50% −2.27 −2.27 0.18 100%
Developed Europe 0.35 0.16 0.85 38% −2.00 −1.81 1.33 94%
Developed Asia 0.16 0.06 0.36 40% −1.32 −1.10 1.14 100%
Emerging America 0.90 0.35 1.43 25% −0.78 −0.35 1.27 75%
Emerging Europe 0.49 0.54 0.36 20% −0.92 −0.97 1.85 60%
Emerging Asia −1.00 −0.07 2.65 71% 1.26 0.06 3.13 29%
Developed Market 0.25 0.05 0.75 39% −1.87 −1.89 1.24 96%
Emerging Markets −0.06 0.20 2.00 44% 0.07 −0.06 2.52 50%
All 0.12 0.06 1.39 41% −1.08 −0.98 2.08 77%
Regions Long-Term Bond Long-Term Bond Long-Term Bond Long-Term Bond Long-Term Bond* Crisis Dummy Long-Term Bond* Crisis Dummy Long-Term Bond* Crisis Dummy Long-Term Bond* Crisis Dummy
Mean Median Standard Error Negative Coefficient Mean Median Standard Error Negative Coefficient
Developed America −0.05 −0.05 0.04 100% −0.02 −0.02 0.03 100%
Developed Europe −0.24 −0.20 0.25 81% 0.18 0.17 0.28 19%
Developed Asia −0.14 −0.11 0.26 60% 0.23 −0.03 0.65 60%
Emerging America 0.13 0.10 0.12 0% −0.14 −0.20 0.23 75%
Emerging Europe 0.04 0.01 0.13 40% 0.02 0.00 0.20 40%
Emerging Asia 0.06 0.02 0.42 29% −0.27 −0.09 0.46 71%
Developed Market −0.20 −0.18 0.25 78% 0.18 0.13 0.37 35%
Emerging Markets 0.07 0.04 0.28 25% −0.15 −0.10 0.35 63%
All −0.09 −0.08 0.29 56% 0.04 0.05 0.39 46%
  1. * refers to the multiple symbol between two explanatory variables, i.e. the item with * inside is an interaction term