	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)
	Basefx_NEER	Basefx_NEER	Basefx_NEER	Basefx_NEER	Basefx_NEER	Basefx_NEER	Basefx_NEER	Basefx_NEER	Basefx_NEER	Basefx_NEER	Basefx_NEER	Basefx_NEER
	Full sample	Full sample	Full sample	Full sample	Full sample	Full sample	Post Crisis	Post Crisis	G10	G10	EM	EM
VARIABLES	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	4/2002-12/2019	4/2002-12/2019	4/2002-12/2019	4/2002-12/2019
												
dVIX	-1.25***		-1.39***	-1.44***			-1.29***		-0.80*		-1.63***	
	(0.35)		(0.35)	(0.37)			(0.35)		(0.39)		(0.41)	
c.dVIX#cL12.ntotdebt	1.52***											
	(0.47)											
c.dVIX#cL12.ntotequity	0.12											
	(0.50)											
dLibOis		-1.04*			-1.32**	-1.29**		-1.64		-0.70		-1.34**
		(0.55)			(0.58)	(0.54)		(1.35)		(0.63)		(0.62)
c.dLibOis#cL12.ntotdebt		1.07**										
		(0.42)										
c.dLibOis#cL12.ntotequity		0.11										
		(0.47)										
c.dVIX#cL12.ntotdebt_priv			2.01***				2.39***		1.55*		2.26**	
			(0.65)				(0.71)		(0.75)		(1.04)	
c.dVIX#cL12.ntotdebt_govt			0.66				0.62		-0.47		0.27	
			(0.69)				(0.47)		(0.62)		(1.58)	
c.dVIX#cL12.ntotdebt_osect				2.14**								
				(0.87)								
c.dVIX#cL12.ntotdebt_bank				3.02*								
				(1.66)								
c.dLibOis#cL12.ntotdebt_priv					1.66***			6.35*		1.18*		4.07**
					(0.57)			(3.30)		(0.58)		(1.89)
c.dLibOis#cL12.ntotdebt_govt					-1.64	-1.97		1.95		-1.96		-1.55
					(1.80)	(1.44)		(3.14)		(2.88)		(2.21)
c.dLibOis#cL12.ntotdebt_osect						1.43**						
						(0.64)						
c.dLibOis#cL12.ntotdebt_bank						3.11**						
						(1.41)						
												
Observations	4,850	4,850	3,793	3,860	3,793	3,793	2,171	2,171	956	956	2,837	2,837
R-squared	0.19	0.13	0.20	0.20	0.14	0.15	0.16	0.08	0.19	0.16	0.21	0.15
Robust standard errors in parentheses												
*** p<0.01, ** p<0.05, * p<0.1												
