"Variance Decomposition—Bond Returns"
"Figure 4.13"

,Regional,Global,Domestic
Pre-GFC,6.7,10.7,82.6
GFC,8.4,9.8,81.8
Post-GFC,10.7,6.9,82.4
Normalization,5.3,10.1,84.6
Pre-COVID-19,6.1,6.8,87.1
COVID-19 onset,7.6,10.8,81.6
COVID-19,7.5,17.3,75.2


"Source: ADB calculations using data from Bloomberg; CEIC; and methodology by Lee and Park (2011)."

Asian Economic Integration Report | Data Catalogue
Asia Regional Integration Center. Economic Research and Regional Cooperation Department (ERCD).
ASIAN DEVELOPMENT BANK