|
Constant |
Maturity |
Fixed |
FX |
Indexed |
R2 | |
|
ψ.. » |
0.00 |
0.062 |
0.325 |
-0.334 |
-5.956 |
0.27 |
|
ψ1,2 |
(0.99) |
(0.33) |
(0.49) |
(0.71) |
(-0.09) | |
|
Ψ-. , |
0.61 |
0.222 |
-0.270 |
-1.664 |
-19.39 |
0.43 |
|
ψ1,3 |
(0.48) |
(0.15) |
(0.79) |
(0.42) |
(0.03) | |
|
ψ-. c, |
1.41 |
0.324 |
-1.511 |
-3.099 |
-25.25 |
0.29 |
|
ψ1,5 |
(0.29) |
(0.16) |
(0.35) |
(0.33) |
(0.05) | |
|
Ψ,. |
-0.15 |
0.075 |
0.479 |
-0.663 |
-6.853 |
0.17 |
|
2,2 |
(0.76) |
(0.36) |
(0.44) |
(0.58) |
(-1.840) | |
|
ψo, |
-0.83 |
0.478 |
0.467 |
-2.921 |
-32.503 |
0.41 |
|
ψ2,3 |
(0.58) |
(0.09) |
(0.79) |
(0.42) |
(0.03) | |
|
Ψ2,5 |
0.50 |
0.542 |
-0.933 |
-3.800 |
-37.134 |
0.29 |
|
(0.78) |
(0.11) |
(0.67) |
(0.39) |
(0.05) | ||
|
Im |
0.59 |
-0.115 |
1.240 |
-0.159 |
1.691 |
0.01 |
|
(0.39) |
(0.31) |
(0.16) |
(0.92) |
(0.75) | ||
|
φ*1 |
1.03 |
-0.094 |
0.509 |
-0.201 |
-1.680 |
0 |
|
1 |
(0.17) |
(0.41) |
(0.54) |
(0.90) |
(0.76) | |
|
Φ*3 |
0.74 |
0.005 |
0.006 |
0.097 |
-5.166 |
-0.34 |
|
(0.31) |
(0.97) |
(0.97) |
(0.95) |
(0.37) | ||
|
Φ*5 |
0.90 |
-0.003 |
-0.212 |
-0.126 |
-3.997 |
-0.55 |
|
5 |
(0.40) |
(0.99) |
(0.87) |
(0.96) |
(0.63) |
Table 6 - Portfolio Determinants of Fiscal Insurance
Table shows regression results of Pi = a+bxMaturityiPcFixedi+dForeignCurrencyiPeIndexedi
where Pi is the variable listed in the first column, M aturityi is the average maturity length of bonds for
country i in our sample, Fixedi the proportion of government debt that is fixed rate, ForeignCurrency
the proportion of debt that is issued in foreign currency terms and Indexedi the proportion of indexed
bonds issued. Number in each cell is the estimated coefficient and in parantheses the p-value of significance
for each variable.
39
More intriguing information
1. The resources and strategies that 10-11 year old boys use to construct masculinities in the school setting2. The East Asian banking sector—overweight?
3. Wettbewerbs- und Industriepolitik - EU-Integration als Dritter Weg?
4. Can genetic algorithms explain experimental anomalies? An application to common property resources
5. The name is absent
6. BILL 187 - THE AGRICULTURAL EMPLOYEES PROTECTION ACT: A SPECIAL REPORT
7. Bird’s Eye View to Indonesian Mass Conflict Revisiting the Fact of Self-Organized Criticality
8. A Dynamic Model of Conflict and Cooperation
9. ALTERNATIVE TRADE POLICIES
10. Modeling industrial location decisions in U.S. counties