Kumar, Dilip; Maheswaran, S. - In: Review of Accounting and Finance 12 (2013) February, pp. 23-43
behavior of the volatility of stock returns. On the empirical side, the paper finds asymmetry and long range dependence in the … range dependence in the various proxies of volatility of the PIIGS economies. The results from the wavelet approach also … FIEGARCH (1,d,1)) to accomplish the desired goals. Findings – The findings provide evidence in support of the presence of long …