	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
					Full sample	Full sample	G10	G10	EM	EM	Post Crisis	Post Crisis
VARIABLES	Full sample	Full sample	Full sample	Full sample	4/2002-12/2019	4/2002-12/2019	4/2002-12/2019	4/2002-12/2019	4/2002-12/2019	4/2002-12/2019	1/2010-12/2019	1/2010-12/2019
												
dVIX	-1.80***	-1.48***			-1.22***		-0.76		-2.12***		-1.22***	
	(0.37)	(0.33)			(0.34)		(0.44)		(0.32)		(0.34)	
c.dVIX#cL.nfa	1.12**	1.04**										
	(0.45)	(0.44)										
L.nfa		-0.11		-0.10								
		(0.34)		(0.37)								
dLibOis			-1.29**	-1.14*		-1.05*		-0.69		-1.73**		-1.44
			(0.47)	(0.56)		(0.56)		(0.60)		(0.74)		(1.23)
c.dLibOis#cL.nfa			0.92***	0.91***								
			(0.27)	(0.32)								
L.ntotdebt					1.16**	1.23**	0.33	0.27	0.92	1.17	1.33	1.62
					(0.52)	(0.49)	(0.53)	(0.52)	(1.07)	(1.12)	(0.98)	(1.09)
L.ntotequity					0.04	-0.03	-0.46	-0.50	0.10	0.23	1.62	1.88
					(0.43)	(0.43)	(0.65)	(0.68)	(1.35)	(1.43)	(1.21)	(1.42)
c.dVIX#cL.ntotdebt					1.69***		1.43**		2.23**		2.01***	
					(0.50)		(0.56)		(0.80)		(0.51)	
c.dVIX#cL.ntotequity					-0.11		-0.51		-3.64***		-0.42	
					(0.46)		(0.51)		(0.77)		(0.30)	
c.dLibOis#cL.ntotdebt						1.17**		0.98*		2.26		4.46*
						(0.44)		(0.44)		(1.52)		(2.28)
c.dLibOis#cL.ntotequity						0.05		-0.42		-2.79*		0.07
						(0.55)		(1.11)		(1.57)		(1.24)
												
Observations	5,054	5,054	5,054	5,054	4,888	4,888	1,704	1,704	3,184	3,184	2,781	2,781
R-squared	0.13	0.18	0.04	0.13	0.19	0.13	0.18	0.14	0.21	0.14	0.16	0.07
Controls	No	Yes	No	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
rss	45644	42962	50444	45760	41466	44300	13076	13747	27786	30079	20861	23022
df_m	2	14	2	14	17	17	17	17	17	17	13	13
Robust standard errors in parentheses												
*** p<0.01, ** p<0.05, * p<0.1												
