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Table 7 Increasing Ratios of sovereign debts in the two crises

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

Regions Mean of increasing in 2008-2009 Median of increasing in 2008-2009 Faster increasing in 2008–2009 than in 2006-2007 Mean of increasing in 2010-2011 Median of increasing in 2010-2011 Faster increasing in 2010–2011 than in 2006-2007
Developed America 6.7% 6.7% 100% 10.2% 10.2% 100%
Developed Europe 8.7% 8.3% 88% 8.5% 7.6% 94%
Developed Asia 12.8% 8.7% 60% 19.4% 8.4% 80%
Emerging America 4.6% 11.3% 33% 18.1% 11.4% 67%
Emerging Europe 9.7% 10.8% 100% 31.6% 28.6% 100%
Emerging Asia 13.4% 10.5% 100% 21.0% 23.2% 100%
Developed Market 9.4% 8.7% 83% 11.0% 8.4% 91%
Emerging Markets 9.0% 10.8% 83% 21.6% 11.4% 83%
All 9.0% 9.4% 81% 14.4% 10.6% 89%