Mutual Information Based Analysis for the Distribution of Financial Contagion in Stock Markets

Table 2

Descriptive statistics of the MI values for the 32 stock indices.

Period	Mean	Std.	Skewness	Kurtosis	Jarque-Bera statistic
Precrisis	0.0237	0.0211	1.9304	7.5004	1453.2761
Crisis	0.1101	0.0850	1.8548	7.0615	1250.6198

Note. means significance at 0.1% level.