Price distortions and municipal bonds premiums: evidence from Switzerland

Table 1 Summary descriptive statistics all variables

Variable	Obs	Mean	SD	Min	Max	Variance	Skewness	Kurtosis
chf_eur	40,716	0.8698	0.0525	0.7946	1.0123	0.0028	0.3316	1.5444
t_yield	39,104	−0.1698	0.2848	− 0.9340	0.4130	0.0811	− 0.3504	2.1269
bnchmrksprd	35,177	47.3347	16.8589	− 0.07	172.46	284.2220	2.8286	16.4134
matur	40,716	15.1154	7.1969	5	28	51.7957	0.3521	1.7297
Rank	40,716	0.5769	0.4941	0	1	0.2441	− 0.3114	1.0970
Liqdty	40,716	0.8639	0.3429	− 0.0705	1	0.1176	− 2.1230	5.5070

. sum chf_eur t_yield bnchmrksprd matur rank liqdty
This table presents the dataset key statistics. Symmetric distributions for coefficient of skewness zero, negative coefficients skewed left and positive skewed right. Smaller kurtosis coefficients for flatter distributions (fat tails), assuming normal distributions have a coefficient of kurtosis of 3. Source: Own estimations