	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
	Full sample	Full sample	Post Crisis	Post Crisis	G10	G10	G10 Post Crisis	G10 Post Crisis	EM	EM	EM Post Crisis	EM Post Crisis
VARIABLES	4/2002-12/2019	4/2002-12/2019	1/2010-12/2019	1/2010-12/2019	4/2002-12/2019	4/2002-12/2019	1/2010-12/2019	1/2010-12/2019	4/2002-12/2019	4/2002-12/2019	1/2010-12/2019	1/2010-12/2019
												
dLibOis	-1.05**	-0.98*	-0.78	-0.82	-0.83	-0.73	0.43	-0.66	-1.70**	-1.13*	-0.67	-1.13
	(0.50)	(0.52)	(1.09)	(1.09)	(0.65)	(0.57)	(1.22)	(1.24)	(0.74)	(0.54)	(2.05)	(1.21)
c.dLibOis#cL.npdebt	0.43	0.96***	4.57*	4.31**	0.63	0.95	6.98**	4.87*	1.91	-0.59	-4.29	-3.34
	(0.53)	(0.34)	(2.49)	(1.71)	(0.79)	(0.52)	(2.86)	(2.11)	(1.92)	(1.41)	(7.98)	(6.84)
c.dLibOis#cL.npequity	-1.03		-0.52		-0.48		-1.27		-3.87**		3.77	
	(0.63)		(0.87)		(1.18)		(0.78)		(1.78)		(6.93)	
c.dLibOis#cL.nfdi	0.90		-0.89		0.50		-5.89		-1.44		1.48	
	(0.89)		(3.54)		(1.94)		(5.58)		(1.84)		(8.58)	
c.dLibOis#cL.nother	1.48	2.34*	12.94*	12.39**	1.74	2.26	16.03*	12.48*	1.37	2.69	15.10	15.07*
	(1.54)	(1.29)	(6.74)	(5.11)	(2.45)	(1.95)	(8.04)	(6.30)	(2.21)	(2.19)	(9.25)	(7.84)
L.npdebt	1.97*	2.17**	2.20	1.93	0.30	1.24	-0.20	0.43	3.85*	3.27**	1.80	0.34
	(1.02)	(0.83)	(1.94)	(1.58)	(1.20)	(1.03)	(1.53)	(1.12)	(2.12)	(1.51)	(5.57)	(2.43)
L.npequity	-0.45		-0.53		-1.79		-2.56		1.14		3.44	
	(0.53)		(1.07)		(1.32)		(2.32)		(2.24)		(5.47)	
L.nfdi	0.48		2.13		0.68		1.02		0.67		1.49	
	(0.46)		(1.39)		(0.83)		(1.20)		(1.32)		(4.90)	
L.nother	0.58	0.71*	-0.25	-0.31	-0.64	-0.15	-3.25	-2.35	0.33	-0.28	-1.71	-2.90**
	(0.43)	(0.38)	(0.82)	(1.00)	(0.65)	(0.48)	(2.96)	(2.38)	(1.41)	(0.80)	(3.32)	(1.18)
												
Observations	5,054	5,054	2,805	2,805	1,870	1,870	1,028	1,028	3,184	3,184	1,777	1,777
R-squared	0.13	0.13	0.08	0.08	0.14	0.14	0.05	0.05	0.14	0.14	0.10	0.10
rss	45592	45649	23076	23133	15048	15076	7757	7790	30058	30125	15122	15134
df_m	21	17	17	13	21	17	17	13	21	17	17	13
Robust standard errors in parentheses												
*** p<0.01, ** p<0.05, * p<0.1												
