Asai, Manabu (contributor); McAleer, Michael (contributor); … - 2008
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Asymmetry and Leverage in Realized Volatility
Manabu Asai
Faculty of Economics
Soka University, Japan … wide variety of conditional and stochastic variance models has been used to estimate
latent volatility (or risk). In both … the conditional and stochastic volatility literature, there
has been some confusion between the definitions of asymmetry …