(1) | (2) | (3) | (4) | (5) | |
---|---|---|---|---|---|
Dependent variable: currency excess return (floating) | |||||
Constant × 10−3 | − 4.589 (4.197) | − 1.851 (1.779) | − 0.949 (0.650) | − 1.332*** (0.262) | − 0.721*** (0.762) |
Centrality × 10−3 | 2.651 (5.734) | − 1.960 (4.192) | − 395.036*** (126.563) | − 0.019*** (0.005) | − 4.968* (2.631) |
Centrality × COVID19 | 0.016*** (0.002) | 0.021*** (0.004) | 2.647*** (0.362) | 0.036*** (0.003) | 0.005 (0.005) |
Country FE | Yes | Yes | Yes | Yes | Yes |
No. of obs | 3627 | 3627 | 3627 | 3627 | 3627 |
Adj. R2 within | 0.009 | 0.006 | 0.012 | 0.002 | 0.002 |
Dependent variable: currency excess return (non-floating) | |||||
Constant × 10−3 | − 0.088 (0.098) | − 0.001 (0.499) | − 1.497* (0.751) | − 0.188*** (0.187) | − 0.292 (0.191) |
Centrality × 10−3 | − 1.981 (1.371) | − 1.924 (1.215) | − 507.558** (181.453) | − 0.012** (0.004) | − 0.026 (0.99) |
Centrality × COVID19 | 0.013*** (0.004) | 0.015** (0.005) | 2.051*** (0.591) | 0.095*** (0.022) | 0.024 (0.097) |
Country FE | Yes | Yes | Yes | Yes | Yes |
No. of obs | 1170 | 1170 | 1170 | 1170 | 1170 |
Adj. R2 within | 0.014 | 0.007 | 0.020 | 0.011 | 0.000 |