|
Constant |
Variable |
Fixed Long |
Fixed Short |
FX |
Indexed |
R2 | |
|
Ψl,2 |
0.36 |
-0.646 |
0.227 |
1.388 |
0.767 |
-6.147 |
0.19 |
|
(0.58) |
(0.69) |
(0.80) |
(0.60) |
(0.57) |
(0.24) | ||
|
Ψl,3 |
0.96 |
0.626 |
0.539 |
2.467 |
1.143 |
-14.369 |
-0.15 |
|
(0.63) |
(0.90) |
(0.85) |
(0.76) |
(0.77) |
(0.34) | ||
|
Ψl,5 |
1.20 |
2.415 (0.72) |
0.326 |
3.337 |
1.311 (0.81) |
-17.866 (0.39) |
-0.32 |
|
Ψ2,2 |
0.06 |
-0.183 |
0.729 |
2.414 |
0.881 |
-7.291 |
-0.01 |
|
(0.94) |
(0.93) |
(0.57) |
(0.52) |
(0.63) |
(0.29) | ||
|
Ψ2,3 |
-0.94 (0.79) |
2.995 |
3.842 |
10.245 |
4.077 |
-24.819 (0.36) |
-0.25 |
|
Ψ2,5 |
2.67 |
-2.226 (0.83) |
-1.300 (0.83) |
4.785 |
1.498 |
-29.169 (0.37) |
-0.5 |
|
Im |
1.514 |
-0.773 |
-1.135 |
-0.946 |
-5.687 |
4.107 |
0.74 |
|
(0.11) |
(0.68) |
(0.33) |
(0.76) |
(0.03) |
(0.46) | ||
|
φ*1 |
0.654 |
0.484 |
-0.207 |
1.281 |
-0.393 |
-9.104 |
0.62 |
|
1 |
(0.27) |
(0.72) |
(0.78) |
(0.57) |
(0.72) |
(0.08) | |
|
ɪ* <τ> o |
2.438 |
-4.743 |
-2.461 |
-2.087 |
-1.148 |
-9.003 |
0.27 |
|
*∙* 3 |
(0.10) |
(0.17) |
(0.20) |
(0.66) |
(0.63) |
(0.32) | |
|
φ*5 |
1.600 |
-0.252 |
-0.152 |
5.312 |
-1.446 |
-19.343 |
-0.23 |
|
5 |
(0.55) |
(0.97) |
(0.97) |
(0.63) |
(0.79) |
(0.34) |
Table 7 - Portfolio Determinants of Fiscal Insurance II
Table shows regression results of Pi = a+bxVariablei+cFixediLongtermi+dFixedshort+eForeignCurrency
+ flndexedi where Pi is the variable listed in the first column, Maturityi is the average maturity length of
bonds for country i in our sample, Variablei denotes the proportion of variable rate debt, FixedLongterm
the proportion of fixed long term debt issued Number in each cell is the estimated coefficient and in paran-
theses the p-value of significance for each variable.
40
More intriguing information
1. What Lessons for Economic Development Can We Draw from the Champagne Fairs?2. The role of statin drugs in combating cardiovascular diseases
3. The name is absent
4. The name is absent
5. Foreign Direct Investment and the Single Market
6. The name is absent
7. Protocol for Past BP: a randomised controlled trial of different blood pressure targets for people with a history of stroke of transient ischaemic attack (TIA) in primary care
8. The name is absent
9. REVITALIZING FAMILY FARM AGRICULTURE
10. Large-N and Large-T Properties of Panel Data Estimators and the Hausman Test