Table 2.

Descriptive statistics.

	BCT	BDI	BDTI	Global Calls	China Calls	Coronavirus	Shanghai	SP500	VIX	Brent
Mean	0.12	−0.23	0.13	0.02	0.12	2.37	0.05	0.02	0.66	−0.24
Median	−0.32	−0.15	−0.16	0.02	0.11	0.00	0.00	0.09	−0.46	0.09
Maximum	22.92	10.73	24.65	4.23	14.51	64.02	5.60	9.38	46.5	11.71
Minimum	−7.37	−11.51	−10.71	−12.05	−12.97	0.00	−7.72	−11.98	−23.37	−22.52
Std. Dev.	2.84	2.95	3.62	1.08	3.89	8.44	1.29	1.74	9.46	3.01
Skewness	2.84	−0.25	2.73	−4.18	−0.10	5.07	−0.70	−0.82	1.71	−1.95
Kurtosis	21.04	4.64	20.20	53.48	4.80	31.80	9.55	19.39	8.37	16.02
Jarque-Bera	46.2 (0.00)	37.7 (0.00)	42.4 (0.00)	33.8 (0.00)	42.3 (0.00)	19.0 (0.00)	57.8 (0.00)	35.1 (0.00)	52.5 (0.00)	58.7 (0.00)
Observations	351	351	351	351	351	351	351	351	351	351

Notes: See Table 1 for definitions of variables. All data are in log differences. Min and max are the minimum and maximum values of the sample data, respectively. Skewness and kurtosis are the estimated centralized third and fourth moments of the data. J-B is the Jarque and Bera (1980) test for normality; the statistic is χ2 distributed. Numbers in parentheses (.) report p-values.