According to the Mixture of Distributions Hypothesis (MDH), returns volatility and trading volume are driven by a …) volatility and trading volume changes in different financial markets. An implication is that returns volatility in one stock … market should show positive and contemporaneous correlation with returns volatility in another stock market. This paper tests …

and volatility of the Shanghai market were higher. The rates of returns in the two markets were approximately serially … uncorrelated and mutually uncorrelated. Volatility, as measured by the absolute change in the rate of return, has positive serially … correlations in both markets as expected, but the autoregressions are temporarily unstable. Most surprisingly the volatility …

distributions retain their shape, but not their localization (mean ) or size (volatility ) as the classical Gaussian distributions … time T and frequency . For example, the volatility of the lognormal financial price distribution, derived from the … generally, the volatility of the price return distributions of Calvet and Fisher's (2002) Multifractal Model for Asset Returns …

output volatility, as the moderation of output volatility occurred after the early eighties is confirmed only for the Euro …

, estimation from aggregate consumption uncovers the low EIS of the majority (i.e., the poor). …

This paper deals with the estimation of optimal hedge ratios. A number of recent papers have demonstrated that the …