Research Article

Sovereign CDS Premiums’ Reaction to Macroeconomic News: An Empirical Investigation

Table 3

Number of announcements for each American and Asian Pacific country.

AmericasAsia Pacific
VariableFrequencyN. eventsVariableFrequencyN. events

BrazilAustralia
GDP YoYQuarterly26 (7, 12, 7)GDP YoYQuarterly26 (12, 5, 9)
CPI YoYQuarterly77 (18, 20, 39)CPI YoYQuarterly26 (10, 5, 11)
URMonthly72 (32, 15, 25)URMonthly77 (37, 15, 25)
CSMonthly5 (2, 2, 1)CSMonthly0 (0, 0, 0)

ColombiaChina
GDP YoYQuarterly25 (8, 4, 13)GDP YoYQuarterly26 (15, 6, 5)
CPI YoYQuarterly77 (22, 23, 32)CPI YoYQuarterly77 (29, 29, 19)
URMonthly77 (22, 22, 33)URMonthly0 (0, 0, 0)
CSMonthly30 (8, 12, 10)CSMonthly81 (15, 23, 43)

MexicoIndonesia
GDP YoYQuarterly26 (6, 9, 11)GDP YoYQuarterly26 (7, 5, 14)
CPI YoYQuarterly76 (34, 23, 19)CPI YoYQuarterly78 (31, 20, 27)
URMonthly77 (28, 25, 24)URMonthly0 (0, 0, 0)
CSMonthly89 (22, 31, 36)CSMonthly0 (0, 0, 0)

VenezuelaPhilippines
GDP YoYQuarterly19 (7, 4, 8)GDP YoYQuarterly26 (10, 6, 10)
CPI YoYQuarterly42 (10, 13, 19)CPI YoYQuarterly77 (33, 12, 32)
URMonthly1 (1, 0, 0)URMonthly0 (0, 0, 0)
CSMonthly0 (0, 0, 0)CSMonthly0 (0, 0, 0)

This table shows the macroeconomic fundamentals announcements for each American and Asian Pacific country from June 1, 2009, to June 1, 2016.