Table 1 reports descriptive statistics for the stock market prices and the exchange rates. All stock markets have low positive average daily returns, except Thailand and Indonesia. The table implies that the changes in the exchange rates and the stock returns exhibit high dispersion (measured as the absolute value of the percentage coefficient of variation); the coefficient of variation exceeds 3,000 percent in absolute value for the changes in the series. The skewness coefficients indicate that most of the series are positively skewed. The stock market return series and the changes in the exchange rates for all countries are leptokurtic (peaked relative to the normal distribution and fat tails). Consequently, all series display strong evidence of non-normality as is also illustrated by the Jarque-Bera statistic.