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Table 2 Summary statistics on oil shock and monthly real exchange rate returns

From: Heterogeneous effects of oil shocks on exchange rates: evidence from a quantile regression approach

  Supply Demand Price AUS EU JAP CAN MEX NOR UK
Min −4.4061 −4.7628 −3.5219 −5.9461 −6.7545 −10.9560 −6.4209 −15.7770 −6.0399 −11.1840
Max 3.6987 3.9909 4.8301 15.2569 7.0501 8.2285 11.3194 31.7050 11.7510 7.4383
Median 0.0384 0.0140 0.0299 −0.1368 0.1525 0.1428 0.01095 −0.3407 −0.0560 −0.04538
Mean 0.0000 0.0000 0.0000 0.0545 0.0633 −0.0188 0.0470 0.0803 0.0245 −0.0221
Std. dev 0.9492 0.9474 0.9605 2.4506 2.4723 2.7945 1.4633 3.5369 2.4184 2.4689
Skewness −0.7651 −0.5716 0.0418 1.3235 −0.1091 −0.4751 0.6452 3.1931 0.3178 0.0256
Kurtosis 4.4061 4.2286 1.9673 5.7301 0.0983 0.9756 7.5366 27.3467 0.7978 1.8912
Norm test. W 0.9311 0.9356 0.9806 0.9303 0.9939 0.9837 0.9445 0.7268 0.9911 0.9833
Norm test. p 0.0000 0.0000 0.0000 0.0000 0.6094 0.0000 0.0000 0.0000 0.0045 0.0000
Unit root test. A −7.8977 −7.3289 −7.2995 −8.5445 −4.6561 −7.2583 −7.0261 −7.2291 −7.3868 −7.6444
Unit root test. p 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000
  1. The ADF unit root tests have been using the model with intercept and linear trend. The optimal lag length for the tests was determined using the Schwarz information criterion (SIC)