Wieand, Kenneth; Donaldson, Jeff; Quintero, Socorro - In: Multinational Finance Journal 2 (1998) 3, pp. 167-187
the S&P500 and Topix stock market indices. The art-price index is heteroskedastic and autocorrelated. When the log …-returns to art are compared to log-price returns to the S&P500 and TOPIX stock indices, a single common long-term stochastic …