Ramírez, José Carlos; Arias, Olga Chacón - In: Economía Mexicana NUEVA ÉPOCA XXII (2013) 3, Cierre de época (I), pp. 165-201
This paper is aimed at analyzing the main problems concerning fat-tailed asset return distributions. In doing so, a sample of Colombian stock returns over a period of time ranging from 2001 to 2010 is considered. The main conclusion drawn from this case study is that any model facing...