Research Article
Are Eurozone Fixed Income Markets Integrated? An Analysis Based on Wavelet Multiple Correlation and Cross Correlation
Table 1
Descriptive statistics of Eurozone long term interest rates.
| | Germany | France | Belgium | Spain | Finland | Austria | Greece | Ireland | Portugal | Netherlands | Italy |
| Mean | 3.63 | 3.91 | 4.12 | 4.44 | 3.84 | 3.96 | 7.18 | 5.08 | 5.37 | 3.82 | 4.55 | Median | 3.82 | 3.95 | 4.13 | 4.25 | 3.94 | 4.03 | 4.79 | 4.59 | 4.48 | 3.93 | 4.45 | Maximum | 5.17 | 5.26 | 5.38 | 6.79 | 5.41 | 5.37 | 29.24 | 12.45 | 13.85 | 5.3 | 7.06 | Minimum | 1.24 | 2.12 | 2.54 | 3.09 | 1.55 | 1.97 | 3.3 | 3.04 | 3.19 | 1.75 | 3.29 | Std. Dev. | 0.91 | 0.68 | 0.6 | 0.74 | 0.84 | 0.73 | 5.77 | 1.72 | 2.44 | 0.81 | 0.68 | Skewness | −0.7 | −0.11 | 0.06 | 0.75 | −0.49 | −0.25 | 2.24 | 1.94 | 2.03 | −0.49 | 0.88 | Kurtosis | 3.07 | 2.69 | 2.87 | 3.35 | 3.07 | 2.98 | 7.17 | 6.88 | 6.01 | 2.94 | 4.21 | Jarque-Bera | 11.68 | 0.87 | 0.19 | 13.91 | 5.89 | 1.48 | 221.1 | 178.1 | 150.6 | 5.87 | 27.11 | value | 0 | 0.64 | 0.9 | 0 | 0.05 | 0.47 | 0 | 0 | 0 | 0.05 | 0 |
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