Table 2 Descriptive statistics
Unit | Mean | Median | Max | Min | Standard deviation | Skewness | Observations | |
|---|---|---|---|---|---|---|---|---|
MD | mn CHF | 46108.27 | 31946.71 | 111072.75 | 5268.64 | 36934.29 | 0.41 | 188 |
TD | mn CHF | 69622.98 | 71613.50 | 130000.00 | 8606.00 | 42430.72 | -0.03 | 47 |
Mout | days | 2137.93 | 2037.73 | 3749.08 | 1279.26 | 531.94 | 0.61 | 188 |
MDb | mn CHF | 39231.47 | 22160.96 | 97436.65 | 4383.00 | 32587.60 | 0.53 | 188 |
Mout,b | days | 2499.91 | 2511.81 | 3862.92 | 1458.50 | 572.96 | 0.26 | 188 |
SSTD | % | 13.06 | 10.67 | 32.40 | 2.67 | 7.62 | 1.22 | 188 |
Libor 3M | % | 3.02 | 2.24 | 11.06 | -0.79 | 2.84 | 0.89 | 172 |
Slope 10Y-3M | pp | 0.58 | 0.72 | 3.86 | -4.43 | 1.59 | -0.91 | 172 |
MD/GDP | % | 10.36 | 8.43 | 21.06 | 3.75 | 5.25 | 0.41 | 188 |
(TD-MD)/GDP | % | 6.10 | 6.46 | 12.77 | 2.10 | 2.97 | 0.17 | 47 |
dummy 85-89 | binary | 0.11 | 0.00 | 1.00 | 0.00 | 0.31 | 2.55 | 188 |
dummy 95-04 | binary | 0.21 | 0.00 | 1.00 | 0.00 | 0.41 | 1.40 | 188 |
dummy 10-16 | binary | 0.15 | 0.00 | 1.00 | 0.00 | 0.36 | 1.97 | 188 |
∆ MD | mn CHF | 361.18 | 205.85 | 4802.25 | -7195.65 | 1699.73 | -1.02 | 187 |
∆ TD | mn CHF | 1985.28 | 1143.50 | 15000.00 | -11000.00 | 5174.55 | 0.26 | 46 |
∆ M out | days | 9.66 | 2.63 | 276.49 | -234.40 | 74.59 | 0.39 | 187 |
∆ MDb | mn CHF | 355.54 | 226.17 | 3601.02 | -4810.22 | 1317.43 | -1.00 | 187 |
∆ Mout,b | days | 8.38 | -6.69 | 273.98 | -92.00 | 74.93 | 0.94 | 187 |
∆ SSTD | pp | -0.01 | -0.12 | 9.68 | -6.66 | 1.67 | 0.90 | 187 |
∆ Libor 3M | pp | -0.07 | -0.02 | 2.49 | -3.69 | 0.78 | -0.68 | 171 |
∆ Slope 10Y-3M | pp | 0.03 | -0.00 | 3.22 | -2.16 | 0.67 | 1.07 | 171 |
∆ MD/GDP | pp | 0.03 | -0.01 | 1.00 | -1.23 | 0.35 | -0.19 | 187 |
∆ (TD-MD)/GDP | pp | 0.02 | 0.04 | 2.77 | -2.78 | 1.04 | -0.29 | 46 |