Table 2 Descriptive statistics Proxies...

Table 2

Descriptive statistics

Proxies /Statistics	Mean	Median	Std. dev	Min	Max	p1	p99	N
Y1	5.509	4.923	3.789	−0.737	25.150	0.406	17.960	1,278
Y5	6.709	6.994	3.436	0.584	25.030	0.853	17.560	1,278
Y10	7.044	7.505	3.263	1.056	20.690	1.412	16.680	1,278
SLOPE	1.535	1.023	1.984	−7.960	8.022	−2.450	7.465	1,278
CURV	−0.864	−0.264	1.803	−9.929	5.290	−7.416	1.203	1,278
INF	4.936	4.310	3.674	−3.440	25.240	−1.270	18.710	1,278
CBRATE	5.988	5.750	3.495	0.500	24.000	0.500	19.000	1,278
FX_C	0.001	0.001	0.097	−2.293	0.286	−0.079	0.118	1,278
GROWTH	0.005	0.003	0.143	−1.036	0.998	−0.540	0.450	1,278
FIS_BAL	−3.850	−3.253	3.214	−13.969	3.414	−13.229	2.674	1,278
GOV_DEBT	46.669	42.581	20.643	9.440	99.801	10.131	97.028	1,278
VIXl	2.858	2.806	0.322	2.252	3.980	2.320	3.760	1,278

Proxies/Statistics	Mean	Median	Std. dev	Min	Max	p1	p99	N
Y1	5.509	4.923	3.789	−0.737	25.150	0.406	17.960	1,278
Y5	6.709	6.994	3.436	0.584	25.030	0.853	17.560	1,278
Y10	7.044	7.505	3.263	1.056	20.690	1.412	16.680	1,278
SLOPE	1.535	1.023	1.984	−7.960	8.022	−2.450	7.465	1,278
CURV	−0.864	−0.264	1.803	−9.929	5.290	−7.416	1.203	1,278
INF	4.936	4.310	3.674	−3.440	25.240	−1.270	18.710	1,278
CBRATE	5.988	5.750	3.495	0.500	24.000	0.500	19.000	1,278
FX_C	0.001	0.001	0.097	−2.293	0.286	−0.079	0.118	1,278
GROWTH	0.005	0.003	0.143	−1.036	0.998	−0.540	0.450	1,278
FIS_BAL	−3.850	−3.253	3.214	−13.969	3.414	−13.229	2.674	1,278
GOV_DEBT	46.669	42.581	20.643	9.440	99.801	10.131	97.028	1,278
VIXl	2.858	2.806	0.322	2.252	3.980	2.320	3.760	1,278

Note(s): This table reports descriptive statistics of all variables in the study. Descriptive statistics reported are mean, median, standard deviation, minimum, maximum, percentile 1 and 99 and number of observations

Source(s): Authors' calculation

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